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1 min read

India's forex reserves hit record $666.85 billion, driven by surging gold and foreign currency assets

India's foreign exchange reserves have surged to a record high, reaching a new peak of $666.85 bill…

ANI   


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2 mins read

India's foreign exchange reserves rose by USD 2.6 billion in the week ending May 10: RBI

The country's foreign exchange reserves had hit an all-time high of USD 648.562 billion recently. A…

ANI   


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2 mins read

There's a 'stealth erosion' in global US dollar reserves, but there's no dominant replacement yet

The share of the US dollar in global forex reserves fell from over 70% in 2000 to about 55% in the …

Huileng Tan   


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3 mins read

Global stocks rise, but US futures ease ahead of Biden talks in Europe as UK inflation hits a 30-year high

The MSCI All-World index is heading for a 1% gain this week, but trading in Europe is jittery ahead…

Amanda Cooper   


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4 mins read

Pressure was lifted from sterling as the UK government announced a U-turn on its tax plans that had sent the pound to new lows. Here's what to know.

Following a week of chaos sparked by the UK government's mini budget, the pound got some relief yes…

Hallam Bullock   


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3 mins read

Real estate demand may take a hit this festive season after RBI’s rate hike

As home loans get dearer, developers expect impact on festive demand. Higher interest rates are li…

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3 mins read

Global shares slide ahead of US jobs data, as slower growth and rising prices dent investor optimism

Markets cheered the Fed's decision to raise US rates by a half point this week, but relief has give…

Amanda Cooper   


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5 mins read

The prime rate is a key interest rate that influences most other rates. Here's how it moves, and how it affects your loans and credit cards

The prime rate is an interest rate US commercial banks offer their top clients. It's also the basis…

Karen Fernandez   


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5 mins read

A senior Bank of England official gave an insider account of how central banks dealt with the coronavirus market crash in real time

"Hundreds of billions of pounds worth of operations delivered from peoples' bedrooms, attics and ki…

Shalini Nagarajan   


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2 mins read

DONALD STERLING: Players Won't Strike If I Still Own The Team

The remarks prompted a firestorm of controversy and Clippers players turned their jerseys inside ou…

Agence France Presse   


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2 mins read

The Woman At The Center Of The Donald Sterling Controversy Says He's 'Not A Racist'

"There's been a number of occasions where Mr. Sterling and I had conversations just like this one. …

Associated Press   


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30 mins read

FED FORCED TO RELEASE MINUTES EARLY AFTER LEAK - SOME FOMC MEMBERS THINK QE ENDS SOON

Participants generally agreed that asset purchases also have potential costs and risks. In particul…

Matthew Boesler   


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2 mins read

Whisky maker Allied Blenders IPO to open on June 25 as it looks to raise ₹1,500 crore

The initial share-sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an …

PTI