interest rate

Indian companies except the ones in the telecom sector exhibited viable debt servicing capacity despite rise in their borrowing cost last year, the Reserve Bank of India said in a report. Debt servicing capacity of manufacturing companies…

The Bank of England on Thursday lifted its key rate by a half-point to 5 per cent in the 13th increase in a row, driving up the cost of home loans from commercial lenders and pressuring Britons already buckling under surging food and fuel…

WASHINGTON: Federal Reserve Chair Jerome Powell said Wednesday (Jun 21) that additional US interest rate hikes will likely be needed to tame high inflation, ahead of two days of testimony on Capitol Hill. Powell's appearances before the…

Last Updated: June 15, 2023, 00:16 ISTWashington D.C., United States of America (USA)Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. (AP File…

Last Updated: June 15, 2023, 00:27 ISTWashington D.C., United States of America (USA)Near 1825 GMT, the Dow Jones Industrial Average fell 1.3 percent, while the Nasdaq lost 0.8 percent.The US central bank, as expected, opted to hold its…

Many people keep multiple credit cards with them. You can use the balance transfer facility to pay credit card bills, but the banks may charge higher interest rates and a processing fee.Nowadays using credit cards has become quite common.…

Last Updated: June 17, 2023, 00:40 ISTNew York, United States of America (USA)Oil has gained this week on hopes of growing Chinese demand. China's refinery throughput rose in May to its second-highest total on record. (Image: Reuters…

Last Updated: June 16, 2023, 02:30 ISTLondon, United Kingdom (UK)U.S. Treasury yields were lower as investors digested the economic data and the Fed's update.Equities trading had been choppy on Wednesday after the Fed signaled it could…

It is by no means clear that the latest banking crisis has run its course.  There are concerns about the so-called shadow banking system, largely unregulated financial institutions that now make up half of all global financial assets. For…

A global index of stocks was gaining ground on Monday while U.S. Treasury yields also edged higher ahead of key U.S. inflation readings and interest rate decisions later this week from the U.S. Federal Reserve and other central banks.The…