Economy

In April, India’s consumer price inflation is predicted to have eased to 4.80%, slightly lower than the rate in March. Despite the moderation in headline inflation over the past few months, food prices, which make up a significant portion of the consumer price index basket, have remained high. This has put pressure on household budgets,

In the recent developments in the global currency market, the US dollar has shown resilience despite earlier losses due to speculations of potential rate cuts by the Federal Reserve. This comes as no surprise as the dollar has always been seen as a safe-haven currency in times of uncertainty. Furthermore, with the stark interest rate

The yen has been steadily decreasing in value against the dollar, with interest rate differentials playing a significant role in this trend. Despite efforts from Japanese officials to intervene in the market through suspected dollar-selling tactics, the currency has struggled to regain ground. The U.S. dollar, on the other hand, has been gaining strength, with

Australian bank Westpac recently announced that it would be raising its share repurchase program by A$1 billion ($661 million) and declaring a special dividend. This decision was made despite a 16% drop in the bank’s first-half profit due to tight competition and high costs in the banking sector. The net interest margin of the bank

The European Union has recently taken steps to investigate various aspects of China’s trade practices, particularly in the areas of medical devices, wind turbines, solar panels, and electric vehicles. These investigations are aimed at protecting European manufacturers from unfair competition and market distortion. Let’s delve into the details of each investigation and what they entail.

The U.S. central bank’s 2% target for inflation plays a crucial role in achieving price stability and is essential for ensuring economic prosperity, according to New York Federal Reserve Bank President John Williams. He emphasized the importance of transparency, clear communication, and setting an explicit, numerical longer-run inflation target to anchor inflation expectations and keep

Societe Generale, one of France’s largest banks, reported a decrease in net income for the first quarter, though the decline was not as severe as expected. The bank’s CEO, Slawomir Krupa, has been working to improve the bank’s performance and reduce costs. Despite challenges in its retail banking and fixed-income trading sectors, the bank managed

The sudden surge of the yen against the dollar in overnight trading caught many traders and analysts off guard. The dollar’s sharp move from around 157.55 to exactly 153 over a period of about 30 minutes was attributed to intervention by Japanese authorities. This intervention, which occurred during a quiet period for markets after Wall

Japan’s recent intervention in the currency market by buying yen may not have caused significant ripples in the U.S. bond market yet. However, experts warn that if Tokyo continues to engage in a prolonged battle to prevent the exchange rate from further depreciation, it could lead to a disturbance in the bond market. Central banks

The Federal Reserve’s decision to potentially delay cutting interest rates and reducing them at a slower pace than in previous cycles has led bond investors to strategically add longer-dated maturities to their portfolios. With the Fed expected to maintain interest rates around the 5.25%-5.50% range, market participants are eyeing intermediate Treasury securities like five-year notes