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US Fed officials believe not "appropriate" to loosen monetary policy rate
Updated : 3 years, 5 months ago IST
The US Federal Reserve officials believe it would not be "appropriate" to begin loosening monetary policy stance in terms of interest rate in the year 2023.
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US Federal Court dismisses cancer linkage associated with Zantac (Ranitidi
Updated : 3 years, 6 months ago IST
Almost 2,500 lawsuits alleging links between heartburn medication Zantac (Ranitidine) and cancer were dismissed by the court in US district of Florida.
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US Federal Reserve raises interest rates by 50 basis points
Updated : 3 years, 6 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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Rupee fared relatively well versus other emerging market currencies, says
Updated : 3 years, 6 months ago IST
Indian Rupee has fared relatively well in 2022 in comparison to other emerging market peers, said Dhruv Sharma, a senior economist at World Bank.
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US Fed Chair says moderation in rate hike likely in next policy meet
Updated : 3 years, 6 months ago IST
The US central bank's aim has been to achieve maximum employment and inflation at the rate of 2 per cent over the long run.
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US Senate passes bill granting protections to same-sex, interracial marria
Updated : 3 years, 6 months ago IST
The bill requires the US federal government to recognize a marriage between two individuals if the marriage was valid in the state where it was performed . According to US media, it also guarantees recognition of marriages between states through the full faith and credit clause of the US
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Biocon subsidiary completes acquisition of Viatris for USD 3 billion
Updated : 3 years, 6 months ago IST
According to a statement by the pharma company, Biocon Biologics and Viatris have obtained all applicable approvals from key global regulators including the US Federal Trade Commission, the Competition Commission of India and the Reserve Bank of India, and its investors, respectively.
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US bans Chinese tech equipment sales over security risk
Updated : 3 years, 6 months ago IST
In a statement, the US Federal Communications Commission (FCC) on Friday said it had adopted the final rules that bar the sale or import of equipment made by Chinese firms Dahua Technology, Hangzhou Hikvision Digital Technology and Hytera Communications.
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Indian stock indices extend gains for third straight session
Updated : 3 years, 7 months ago IST
At the time of writing this report, Sensex traded at 61,828.47 points, up 317.89 points or 0.52 per cent, whereas Nifty traded at 18,370.30 points, up 103.05 or 0.56 per cent.
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US Fed signals slowdown in policy rate hikes
Updated : 3 years, 7 months ago IST
For the record, the US Federal Reserve on November 3 raised key interest rates in its fight against red-hot inflation in the country. It raised the key policy rate by 75 basis points to over a decade high at 3.75-4.0 per cent. Notably, this was the fourth consecutive hike of such magnitude.
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US Fed governor says "more comfortable" stepping down size of rate hike
Updated : 3 years, 7 months ago IST
Speaking at the 59th Annual Economic Forecast Luncheon, Phoenix, Arizona on Wednesday, Governor Waller said the data of the past few weeks have made him more comfortable considering stepping down to a 50-basis-point hike in the upcoming policy meet.
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US sentences Chinese spy to 20 years in prison for trying to steal trade s
Updated : 3 years, 7 months ago IST
Yanjun Xu, 42, targeted American aviation companies, recruited employees to travel to China, and solicited their proprietary information, all on behalf of the government of the People's Republic of China (PRC).
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