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AUSTRALIAN INVESTMENT BANK
$17.4 billion flows into FCNR(B) deposits: Which bank offers the best 3-year FCNR(B) FD rate—SBI, PNB, HDFC Bank, ICICI Bank or Canara Bank?Foreign currency deposits have seen significant inflows after a new RBI scheme. Canara Bank offers the highest 3-year FCNR(B) USD fixed dep...
Yen slides past 163, raising intervention alertThe yen is near a four-decade low as the dollar strengthens broadly. Rising oil prices and U.S. Treasury yields are supporting the dollar's...
Dollar wavers as markets grapple with Gulf tensionsThe US dollar hovered near a one-week high as investors weighed escalating Middle East tensions against hopes for a ceasefire. Concerns ove...
Australia to tighten scrutiny of Big Four Deloitte, EY, PwC, KPMG after wave of scandalsAustralia will enhance its oversight of major accounting firms following recent governance issues. The government has directed the Australi...
Dollar near one-month low as cooling inflation curbs Fed hike betsThe U.S. dollar weakened near a one-month low on Thursday. Soft inflation data reinforced expectations of a patient Federal Reserve policy....
Data center firm Switch taps banks for IPO that could value it up to $80 billionData center operator Switch is preparing for a significant initial public offering. This offering could potentially raise up to ten billion...
Dollar steady before US inflation data, yen under pressureThe dollar remained steady as traders awaited United States inflation data. Middle East tensions caused oil prices to increase significantl...
Yen tumbles to 4-decade low. Here are 3 reasons behind the historic slumpJapanese Finance Minister Satsuki Katayama said authorities were ready to respond appropriately at any time, without giving stronger signal...
Australian shares slip on inflation concerns, miners top dragsThe benchmark S&P/ASX 200 index closed 0.5% lower at 8,778.70 on the final trading day of the current financial year. The index rose 3.5% f...
Strong dollar pushes yen to 40-year low as clock ticks on interventionThe Japanese yen hit a 40-year low against the dollar, sparking intervention fears. Despite past efforts, the yen continues to weaken due t...
Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministryThe Indian government has boosted its commitment to the National Investment and Infrastructure Fund (NIIF) by an additional Rs 30,000 crore...
Global Market Today: Asian shares slip, oil pares climbGlobal markets are showing cautious optimism as US and Iran reportedly step back from further conflict escalation, with talks scheduled in ...
Australia's Firmus Technologies strikes AI access deal with NvidiaFirmus said the deal would see it buy Nvidia infrastructure and sell Nvidia‑powered cloud services to "AI Native" customers, among others...
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
5 world market themes for the week aheadGlobal markets are watching closely as a U.S.-Iran deal faces crucial weeks. Key economic data from the U.S. and Australia, along with Colo...
Global Market Today: Asian shares gain as US-Iran deal takes effectUS stock futures rose as President Trump signed an interim deal to end the Iran war and reopen the Strait of Hormuz, easing energy concerns...
Australia shares close at two‑month high on Middle East optimismThe Australian stock market experienced a remarkable uplift on Wednesday, reaching a two-month peak, thanks to the impressive performances ...