US raises interest rates despite troubles in banking industry
Issued on: 23/03/2023 - 02:42
Stocks fell sharply Wednesday after the Federal Reserve indicated the end may be near for its economy-crunching hikes to interest rates, but…
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US Fed Raises Key Rate by Quarter-Point Amid Global Banking Turmoil
The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs amid recent turmoil in financial markets spurred by the collapse of…
U.S. central bank raises interest rate another 25 points | CBC News
Business·UpdatedThe Federal Reserve has decided to raise its benchmark interest rate by a quarter of a percentage point, the ninth consecutive hike in the U.S. central bank's fight against inflation.Move marks U.S. Federal Reserve's ninth…
Amazon raises pay for UK operations employees
Amazon.com Inc on Wednesday raised the minimum starting pay for its employees at the UK operations to between 11 pounds ($13.50) and 12 pounds per hour.The move comes after workers at an Amazon warehouse in Coventry, central England, had…
RBI report on sticky inflation raises possibility of rate hike – Times of India
MUMBAI: More pointers are coming from the Reserve Bank of India on the likelihood of another rate hike early next month when the monetary policy committee hold its bi-monthly meeting to decide on rates.The state of the economy report…
OECD Raises India’s Growth Forecast To 5.9% for FY24 from 5.7% Earlier
Global growth is projected to remain at below trend rates in 2023 and 2024, at 2.6 per cent and 2.9 per cent, respectively. (Representative image)India's growth is projected to moderate to about 6 per cent in FY2023-24, amid tighter…
Bank panic raises specter of 2008, may bring lasting change
The lightning speed at which the banking industry descended into turmoil has shaken global markets and governments, reviving eerie memories of the financial crisis. Like 2008, the effects may be long lasting.In the space of a week, two U.S.…
PhonePe raises $200 million in additional funding from Walmart
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PhonePe, one of India's largest fintech platforms, on March 17 said it has raised an additional $200 million (around ₹1,649 crore) in primary capital from Walmart, at a…
PhonePe Raises Further $200 Million From Walmart at $12 Billion Valuation
Indian digital payments firm PhonePe said on Friday it has raised $200 million (roughly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (roughly Rs. 98,997 crore).PhonePe, already India's most valuable…
PhonePe Raises $200 Million Investment From Walmart in Its Ongoing Fundraise
Indian digital payments firm PhonePe said on Friday it has raised $200 million (nearly Rs. 1,650 crore) from majority backer Walmart at a pre-money valuation of $12 billion (nearly Rs. 99,000 crore).PhonePe, already India's most valuable…