The Indian Rupee has had a chequered history with a number of economic and political factors driving its fluctuations. Its current status, however, is being impacted by events beyond the nation’s borders. Recent economic data from the US has stoked the bets of an impending rate hike by the Federal Reserve, causing the Rupee to … Read more
The Central Bank of the Philippines, also known as Bangko Sentral ng Pilipinas (BSP), has been raising interest rates since last year to fight rising inflation. However, with inflation showing signs of slowing down, the BSP may be considering pausing their rate hikes to give the economy some breathing room. This potential change in policy … Read more
As the world grapples with the ongoing conflict in Ukraine, an Indian G20 negotiator has called for a shift in focus towards addressing poverty. According to the negotiator, the global community must move on from the Ukraine war and utilize resources and efforts to combat poverty that plagues a significant portion of the world’s population. … Read more
NEW YORK (Reuters) – The outlook for the entire United States banking sector has deteriorated, credit rating agency Moody’s says. Two banks, Silicon Valley Bank and Signature Bank, collapsed over the weekend as customers withdrew their funds out of fear. According to Moody’s, other banks could also be affected by customers who prefer to store … Read more
In recent weeks, Wall Street has experienced a series of rallies as investors grow more optimistic about the future of the banking sector. It appears that small rate-hike bets are contributing to this positive sentiment, as these bets signal that the economy is recovering and that banks are likely to see increased profits in the … Read more