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ECB hikes interest rate by 25 bps, first since 2023 to tame Iran war inflationThe European Central Bank raised its benchmark interest rate by a quarter point to 2.25 percent, marking its first hike since 2023. This mo...
Women's T20 World Cup battle begins: Six contenders, one trophy and an Indian team eyeing a historic doubleThe ICC Women's T20 World Cup starts soon with twelve teams. Defending champions New Zealand are back. India hopes for a World Cup double a...
ECB to hike rates as Mideast war pushes up inflationThe European Central Bank is poised to raise interest rates for the first time in two and a half years, driven by escalating inflation fuel...
Government denies new report stating RBI may have sold $12 billion gold to rescue rupeeReports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows In...
Global Market: BoE Governor Bailey stresses need to restore inflation credibility as price risks persistBank of England Governor Andrew Bailey emphasized maintaining public confidence in the 2% inflation target, rejecting calls to raise the go...
RBI may have sold gold to save foreign reserves, BE report showsThe RBI may have sold about $12 billion worth of gold reserves in the two weeks through May 22 to protect its foreign-currency assets amid ...
Raise it, regulators: A repo rate hike - 50 bps increase to 5.75 perhaps - will reduce CAD, incentivise capital flowsIndia's monetary policy committee faces a complex decision. Delayed economic growth data and an unknown US Federal Reserve policy create si...
UK banks still lack access to Mythos AI model, Bank of England governor saysBailey, speaking to Bloomberg TV, said Anthropic was willing to share the models on a trial basis but there appeared to be a political ho...
BIS and banks build blockchain cross-border payments prototypeGlobal financial institutions are set to test a new digital system for cross-border payments. This project, involving major banks and centr...
Top gold loan companies expand bullion holdings to record levels in FY26India's top gold loan firms, Muthoot Finance, Manappuram Finance, and IIFL Finance, collectively hold a record 334 tonnes of gold. This amo...
Charting the Global Economy: Factory activity sags on inflationGlobal economic activity is slowing, with manufacturing contracting in many regions due to persistent inflation and the ongoing energy crun...
UK's FTSE 100 snaps four-week losing streak as rate hike fears easeUK's FTSE 100 index is poised to end a losing streak, buoyed by softer inflation and rising unemployment data that eases pressure for a Ban...
High hopes dashed: UK cost-of-living woes snare PM StarmerBritons are unhappy with Prime Minister Keir Starmer's government. Cost of living worries are high. Economic problems persist since 2008. R...
US Stock Market: Fed veterans urge Warsh to prioritise crisis tools over balance sheet cutsFormer Federal Reserve officials advised incoming Fed Chair Kevin Warsh to focus on clear principles for deploying the central bank's balan...
Curbing release of Fed meeting transcripts may improve debate, Warsh says in bookThe release of transcripts of Federal Reserve rate-setting meetings, a cornerstone of its transparency for more than 30 years, undermines t...
U.S. Stock Market on Monday: Dow Jones, S&P 500, Nasdaq trading to be dictated by these factorsU.S. Stock Market: S&P 500, Nasdaq, Dow Futures are set for eventful Monday at the Wall Street as several factors will drive the stock mark...
Charting the global economy: ECB is leaning toward rate hikesEconomic growth varies globally, with some regions facing inflation and others seeing tech-driven booms. Geopolitical events are influencin...
Quote of the Day by Canadian PM Mark Carney: ‘A world of fortresses will be poorer, more fragile and…’Canadian Prime Minister Mark Carney, speaking at Davos 2026, cautioned against a world of "fortresses," warning it would be poorer and more...
Give our bullion back: India wants its gold under own lock and keyIndia is rapidly repatriating its gold reserves, bringing the majority home from overseas vaults. This strategic shift, driven by trust con...
RBI accelerates gold repatriation as global trust wanesThe Reserve Bank of India is bringing home nearly 77% of its gold reserves by March 2026. This significant move accelerates the onshoring o...