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Wall Street rallies after Fed keeps rates unchanged
U.S. stocks surged as the Federal Reserve kept interest rates steady and projected potential rate cuts later this year. The decision comes amidst uncertainties surrounding President Trump's tariff policies and their impact on the economy. Market gains were further supported by comments from Fed Chair Powell and positive movements in sectors like consumer discretionary stocks.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed higher for the third session, led by metal and financial stocks. Bargain buying supported broader indices, though investors remained cautious ahead of the U.S. Federal Reserve’s policy decision, which could impact future interest rate trends.
SBI renews plan to shift more departments from Kolkata to Mumbai
State Bank of India is moving forward with its plan to centralize operations by shifting several divisions under its global market unit from Kolkata to Mumbai. Despite protests and previous delays, they are pushing ahead with the move to streamline operations and enhance efficiency.
President's intervention sought over SBI's 'plan' to shift Global Market Unit from Kolkata
A civil society platform urges President Droupadi Murmu to intervene in SBI's plan to move its Global Market Unit from Kolkata to Mumbai, fearing it will weaken West Bengal's financial system and cause job losses. They claim the move undermines Bengal's financial prominence and will significantly impact the state's GST contributions and employment.
$300 billion question: What to do with Russia's frozen central bank money?
European nations are considering seizing $300 billion in frozen Russian assets to support Ukraine amid concerns about the move violating international law and destabilizing financial markets. Supporters argue the funds should help rebuild Ukraine, while opponents fear legal and financial repercussions, including potential responses from countries like Russia and China.
New Canadian Prime Minister Mark Carney seeks alliances in Europe as he deals with Trump
Canadian Prime Minister Mark Carney seeks alliances with France and the UK to counter US President Donald Trump's economic and sovereignty attacks. Carney aims to diversify trade and address Arctic sovereignty, avoiding direct confrontation with Trump. His diplomatic efforts could bolster the Liberal Party's standing amid tensions.
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PM Modi hails RBI for being selected for Digital Transformation Award
Prime Minister Narendra Modi lauded the Reserve Bank of India's selection for the Digital Transformation Award 2025. The award highlights RBI's innovative initiatives like Pravaah and Sarthi, which have streamlined processes by reducing paper-based submissions and emphasized efficiency in India's financial system.
RBI gets global recognition for rolling out digital initiatives, including Pravaah and Sarthi systems
The Reserve Bank of India has won the Digital Transformation Award 2025, instituted by Central Banking, London.
Who is Mark Carney, Canada's new PM, set to steer nation through the trade war brought by Trump?
He was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament. Climate has been central to the latter part of Carney's career, but he said as prime minister he would focus on investment-led solutions, like green technology, that create profit and jobs.
Trump-driven turbulence draws new investors into gold
Investors are increasingly turning to gold ETFs amid political and economic unpredictability under the Trump administration. Gold prices have hit a record high, with a notable increase in U.S. investors moving away from equities. Continuous inflows into gold ETFs suggest its growing role as a safe haven, though the market may be overbought.
Market Wrap: RIL, HDFC Bank drag D-St lower; Sensex sheds 201 pts, Nifty below 22,400
Indian benchmark indices ended in the red on Thursday, erasing early gains from optimism over softer U.S. and local inflation data, as trade war concerns intensified with U.S. President Trump threatening more tariffs on Europe and Canada.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed lower on Wednesday as IT stocks declined due to U.S. economic concerns. Sensex fell 72.56 points to 74,029.76, while Nifty dropped 27.40 points to 22,470.50. Analysts cite global trade uncertainty and recession fears as key market influences.
Mark Carney's net worth: How wealthy is Canada's new Prime Minister?
Mark Joseph Carney won the Liberal Party of Canada leadership election by a large margin, which has positioned him to become Canada's 24th Prime Minister. Carney is the first Canadian PM to reach this office without having previously been elected to a political position. Carney has significant experience in global finance, which he will bring to his new role as PM.
Canada's next prime minister Mark Carney has managed the financial crisis, Brexit and now Trump's trade war
Mark Carney, former head of the Bank of Canada and Bank of England, will become Canada's next prime minister following a significant victory in the Liberal Party leadership election. Carney, succeeding Justin Trudeau, faces the challenge of addressing a looming trade war with the U.S. and potential federal elections.
5 world market themes for the week ahead
This week, the European financial markets are expected to be influenced by rapid developments in Ukraine, while key U.S. inflation data will be closely monitored. Additionally, global trade tensions increase as China remains steadfast, and significant economic policies are anticipated from Germany in response to Russia's actions.
Ahead of Market: 10 things that will decide stock market action on Friday
Indian markets closed higher on Thursday as financial and energy stocks surged. The BSE Sensex rose 609.86 points to 74,340.09, while Nifty 50 gained 207.40 points to 22,544.70. RBI’s $21 billion liquidity infusion and lower crude prices boosted investor sentiment.
How the West uses Russia's frozen reserves to help Ukraine
European nations, looking into appropriating $300 billion of frozen Russian state assets accumulated following the 2022 invasion of Ukraine, are considering full confiscation and using funds for Ukraine's reconstruction. The ECB and other reluctant countries like France and Germany express concerns, while alternative legal and diplomatic measures are also explored.
Tanks not cars: How a pivot to defence could help Germany's economy
German defence companies are shifting capacity from the declining car industry to ramp up military production, driven by Europe's increasing defence spending. Plans involve significant investments and repurposing existing plants, potentially boosting Germany's economy and creating jobs, as European leaders commit to higher defence budgets amid rising geopolitical tensions.
Tanks not cars: How a pivot to defence could help Germany's economy
German defence companies are considering repurposing car industry facilities as Europe plans significant increases in military spending. Companies like Rheinmetall and Hensoldt are aiming to expand production by utilizing idle automotive plants and workers, potentially boosting Germany's economy after two years of contraction.
Commodity Talk: MOFSL expert explains why gold’s supply tightness in UK may not impact Indian yellow metal prices materially
So, before we get into the assessment, I would just like to highlight what really happened. So, there was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories.
Europe has the money to save Ukraine. It needs the will
US support for Ukraine’s war effort is declining, shifting the responsibility to Europe. European leaders have committed to continue military aid and develop a peace plan. Europe must leverage its resources, including sanctions and defense capabilities, to support Ukraine. Increased defense spending and better-coordinated efforts are essential to replace key US enablers and strengthen European defense.
ETMarkets Smart Talk | Stock picking amid market chaos: How to avoid value traps during corrections, Kashyap Javeri decodes
As FII relentlessly sell Indian equities, the markets must spend increasing efforts on what are the tailwinds available now. For one, the recent budget announcements on tax cuts and increase in KCC limits can give solid consumption boost.
India’s Q3 GDP picks up pace: What the latest data reveals
India's economy rebounded in the third quarter with a 6.2% GDP growth, following a slump to 5.4% in the previous quarter. This recovery is driven by domestic demand, government spending, and exports. However, potential US tariffs and global uncertainties could impact future growth.
Nirav Modi's 'confidential' process blocking UK extradition unlikely to conclude soon
Nirav Modi, imprisoned in London and awaiting potential asylum, recently appeared in court via video link regarding a USD 8 million bank loan dispute. The UK court has adjourned his application, pending his appeal for access to a working laptop to prepare his defense.
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market was closed on Wednesday for Maha Shivratri. On Tuesday, the Sensex ended slightly higher and the Nifty closed flat, as gains in financial and auto stocks balanced losses in metals. Analysts expect market sentiment to remain cautious due to economic data releases and global tariff uncertainties.
Europe braces for impact after US withdraws as global policeman to international businesses
The US’s decision to freeze the Foreign Corrupt Practices Act enforcement could end a significant era of international cooperation against corruption. European prosecutors are concerned this may lead to a more lenient approach towards American companies while continuing to prosecute their foreign counterparts.
Asian markets advance as Alibaba fuels Hong Kong tech rally
Asian markets rose Friday, with Hong Kong leading the way thanks to a surge in tech stocks led by ecommerce titan Alibaba. But Asia fared, with Hong Kong piling on more four percent to hit a three-year high.
Trump tariffs, surging demand and fears of a US monetary reset are spooking the gold market
Gold prices have surged towards $3,000 per troy ounce amidst fears of tariffs and potential economic instability. The London bullion market is facing supply shortages, while central banks continue to increase their gold reserves. Speculation exists about a major monetary reset by Trump, indicating possible global economic disruptions.
UK inflation spike to 10-month high, likely to worry Bank of England
Inflation in the UK increased to a 10-month high of 3% in January, up from December's 2.5%, driven by rises in airfares, food prices, and private school fees. This rise dampens expectations of rapid interest rate cuts by the Bank of England. Economists expect further inflation increases before a potential decline in the year's second half.
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