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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 3 months ago IST
People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as they blamed their government for the mismanagement of the country's economy.
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Bank of England raises bank rate by 50 basis points to 3.5 pc
Updated : 3 years, 3 months ago IST
The Monetary Policy Committee (MPC) of United Kingdom's central bank sets monetary policy to meet the 2 per cent inflation target, and in a way that helps to sustain growth and employment, according to a statement available on bankofengland.co.uk.
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Pakistan seeks increase in budget deficit from IMF
Updated : 3 years, 3 months ago IST
Pakistan is also considering imposing the flood Levy on those higher income brackets who are earning lofty profits in recent years and also said adjuster will be used to hike the budget deficit target envisaged at 4.9 per cent of GDP on eve of the budget for 2022-23.
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US Federal Reserve raises interest rates by 50 basis points
Updated : 3 years, 3 months ago IST
The Federal Open Market Committee of the Federal Reserve said the new interest rates was approved unanimously. The central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years.
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ADB trims economic growth forecast for developing Asia
Updated : 3 years, 3 months ago IST
The developing Asia's economy will grow 4.2 per cent this year and 4.6 per cent next year, according to Asian Development Outlook (ADO) 2022, released on Wednesday. ADB estimated in September that the economy would grow 4.3 per cent in 2022 and 4.9 per cent in 2023. Growth in China, which is
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Sensex, Nifty open with gains, tracking Asian markets
Updated : 3 years, 3 months ago IST
In the morning trade, BSE Sensex went up 132 points to 62,263 while broad-based Nifty rose 38 points to 18,535.30 levels.
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RBI Deputy Guv Rabi says whatever data on crypto is available is misleadin
Updated : 3 years, 3 months ago IST
"Data is not available. Whatever data is available is misleading. And making regulations in the absence of adequate information carries a high probability of us ending up with the wrong set of prescriptions," T Sankar said at a virtual conference hosted by the International Monetary Fund (IM
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What to expect from markets on Monday
Updated : 3 years, 3 months ago IST
The global markets are expecting an aggressive hike in policy rates by Federal Reserve next week. If the Fed hike its monetary policy rates, the global markets are bound to react to the policy change and eventually the country's markets, in a way, will be influenced by the hike. In another d
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Markets snap 4-day losing run, end with gains
Updated : 3 years, 3 months ago IST
The domestic markets snapped their four-day losing run and ended with gains, picking up cues from the Monetary Policy Committee's decision to slow down the hike of repo rates.
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2023 Colliers Global Investor Outlook report: Global real estate market st
Updated : 3 years, 3 months ago IST
Mumbai (Maharashtra) [India], December 8 (ANI/PRNewswire): Leading diversified professional services and investment management company Colliers (NASDAQ: CIGI) (TSX: CIGI) has released its 2023 Global Investor Outlook report, which has found that the stabilisation of global real estate market
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Pakistan's total external debt stocks by 2021 stood at USD 130.43 billion:
Updated : 3 years, 3 months ago IST
In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at USD 130.433 billion by 2021.
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Policy rate hike may affect EMIs of loans
Updated : 3 years, 3 months ago IST
Bank linked their lending rates with repo rates on various term loans and this change in the repo rate will have an impact on the equated monthly instalment (EMIs) of citizens.
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