Topics: Fed

Business

Share Market Update: Stock Market loses steam, ahead of US Fed’s rate-setting meeting

Stock Market lost steam after eight sessions of gains as select profit-taking in banking, metals and IT stocks ahead of the US Fed's rate-setting...
Bank

“Have faith in financial regulators,” says White House on Silicon Valley Bank

Speaking on the Silicon Valley Bank (SVB) Failure, Cecilia Rouse, who chairs the Council of Economic Adviser on Friday said, "We have every faith...
Briefings

“Fed likely to raise interest rates,” says Jerome Powell

Federal Reserves chairman Jerome Powell told the U.S. lawmakers that, the "Fed will likely need to raise interest rates more than expected."
Business

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...
Business

Market Analysis: Crude drops to 18-year lows

Crude prices fell to their lowest levels in 18 years yesterday as markets fear the world may run out of storage space. There is...
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Business

Market Analysis: Stocks rise, USD weakened after US Congress approves stimulus package

We witnessed an emphatic recovery in global equities in the past couple of days. The US parliament approved a USD 2tn stimulus package which...

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