hike

The U.S. Federal Reserve on Wednesday raised the interest rate by 0.25 percentage points to 5.5 percent. This is the highest interest level seen in the last 22 years. During a press conference following the latest policy move, Powell…

It was all eyes on the Federal Reserve again this week. At Wednesday's Federal Open Market Committee meeting, the federal funds benchmark rate went up by a quarter of a percentage point, bringing the new range to 5.25% to 5.50%, the highest…

Forvia's shares fell as much as 8 per cent in early trading on Thursday, after a slight hike to the car parts maker's annual targets failed to impress investors.The world's seventh-largest automotive supplier raised its estimate for…

The European Central Bank (ECB) was expected to announce a further interest rate hike on Thursday in a bid to tackle inflation in the eurozone. Economists predict the Frankfurt-based bank will raise the benchmark interest rate by 0.25…

The US Federal Reserve on Wednesday, July 26, hiked its key interest rate by 25 basis point (bps), marking the 11th hike in the US central bank’s past 12 policy meetings. With this, the benchmark overnight interest rate has increased to…

WASHINGTON: The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest US central bank policy rate in 16 years.The rate hike, the…

The price increase was also predicted in March by Jeff Pu.Apple has requested suppliers to manufacture approximately 85 million units of the iPhone 15 this year, a quantity similar to the previous year.The Cupertino-based tech giant Apple…

In Pakistan, the common people have been battling shy high prices in recent years. Inflation has hovered around 30% in recent months. According to a report in Dawn website, the caretaker government in Punjab has cleared a 35 per cent…

The world’s major central banks meet in the coming week to set monetary policy amid continued signs that the worst inflation crisis in decades is easing.While the Federal Reserve and European Central Bank are each expected to raise interest…

The FD interest rate is imposed according to the money deposited and the duration.Unity SFB has increased its FD rates to 9.5% per annum while Suryoday SFB is providing a 9.4% interest rate for the FD deposits. Unity Small Finance…