RATE HIKE
Japan's Nikkei erases losses to end higher on GPIF's stock allocation bets
Japan's Nikkei share average reversed course to end higher on Monday, as investors scooped up equities on optimism that the nation's largest pension fund GPIF may boost its holdings in stocks.
Dollar faces crunch week for US rates, yen holds gains
The currency market showed caution as the dollar started the week modestly. Key events like the upcoming U.S. rate cuts, the Bank of Japan's potential rate hike, and the European Central Bank's expected rate cut will shape market trends. U.S. payroll data and speeches by Fed officials are crucial, while political uncertainties in France add to the market's concerns.
Yen hits six-week high, dollar dips for month-end
The yen surged to a six-week high against the dollar as faster-than-expected inflation in Tokyo fueled speculation of a Bank of Japan interest rate hike. The dollar fell 1.27% against the yen and is on track for a significant weekly loss. The euro gained slightly, while Bitcoin climbed 2.39%, inching closer to its record high.
US stocks rise with Dow reaching new high on Black Friday
Wall Street shares rose in a holiday-shortened session as the US Black Friday shopping spree got under way and traders speculated whether President-elect Donald Trump may temper his trade tariff threats. Traders are closing out a rollercoaster month for assets caused largely by Trump winning a second US presidential election -- and also a result of the wars in Ukraine and Gaza.
Japan's Nikkei slips on firmer yen amid BOJ rate hike bets; logs worst month since April
Japan's Nikkei share average fell on Friday as the yen strengthened on growing expectations of an interest rate hike by the Bank of Japan (BOJ) after hotter-than-expected inflation data.
Yen surges to 150 per dollar amid growing BOJ rate hike bets
The yen surged 1% to a six-week high at 150 per dollar following unexpectedly high Tokyo inflation figures, sparking predictions of a Bank of Japan rate hike next month. The dollar weakened, influenced by U.S. Thanksgiving slowdown, as traders eyed potential changes in BOJ policy amid broader fiscal uncertainties.
- Go To Page 1
Euro jump, rising yen put brakes on the dollar
The euro surged to a four-month high following hawkish comments from an ECB policymaker, while the yen strengthened on rate hike bets. The dollar retreated ahead of the U.S. Thanksgiving holiday. Meanwhile, the Brazilian real plummeted to a record low on tax cut concerns.
Govt may not sharply hike FY26 capex outlay to keep fiscal deficit in check
Given the limited space for further compression in revenue expenditure, the government would refrain from sharply raising its FY26 capex outlay from the budgeted level for this financial year, another person indicated. The Centre also expects private investments to strengthen further next fiscal, leaving it with leeway to cut the pace of capex hike without jeopardising growth. For a second straight year through FY25, actual capex could fall short of the target by more than Rs 50,000 crore.
Dollar rally stalls, giving yen respite
The Japanese yen stabilized against the US dollar after a recent decline, as the US currency experienced profit-taking following a rally. Despite the yen's struggles, Bank of Japan Governor Kazuo Ueda provided no hints about potential interventions. Meanwhile, the US dollar retreated from its one-year high, with analysts attributing the pullback to profit-taking after its recent surge.
Latest SBI home loan interest rates: State Bank of India hikes lending rates for these tenures
SBI lending rates: The State Bank of India (SBI) has announced the latest marginal cost of funds-based lending rates (MCLR) on loans for the period November 15- December 15, 2024. SBI has revised lending rates on these three tenures. The revised MCLR is effective from November 15, 2024.
SBI hikes lending rates under MCLR by 0.05%
India's largest lender, SBI, raised its marginal cost of fund-based lending rate (MCLR) by 0.05% for several tenors, including the one-year MCLR, which now stands at 9%. This is the second such increase recently, attributed to rising deposit costs and concerns about potential impacts on lending rates. SBI Chairman, C.S.
Japan's rising wholesale inflation heightens uncertainty on BOJ's rate hike timing
Japan's wholesale inflation increased to 3.4% in October, driven by a weaker yen and rising import costs. The rise in prices for rice, nonferrous metals, food, and oil contributed to the overall inflation. The Bank of Japan is monitoring the situation to determine if further interest rate hikes are necessary.
Japan's 5-year bond yield hits 15-year high amid BOJ rate hike bets
Japan's five-year government bond yield soared to a 15-year high, driven by a weakening yen and speculation of a potential interest rate hike by the Bank of Japan. The yen's decline to a five-month low against the US dollar, fueled by expectations of increased government bond issuance, further exacerbated the situation.
Rate cut or pricier deposits, SBI can protect NIM: Setty
State Bank of India (SBI) Chairman, CS Setty, told analysts that the bank has a 35-basis-point cushion on its lending rate, providing flexibility even if deposit rates increase. Despite potential RBI rate cuts impacting lending rates, Setty believes SBI's margins will remain stable due to a significant portion of loans linked to MCLR and adjustments in pricing for short-term loans.
HDFC Bank hikes loan interest rates on these short-term tenures; check details
After the revision, HDFC Bank MCLR interest rates will now range between 9.15% and 9.50%. The rates are applicable from November 7, 2024.
Jio, Airtel SG&A costs jump in Q2 amid higher customer churn
Reliance Jio and Bharti Airtel are spending more on retaining customers due to increased competition after recent price hikes. Higher selling, general & administrative (SG&A) costs reflect efforts to attract high-value customers through incentives and marketing, particularly to counter SIM consolidation and BSNL's aggressive pricing.
Bharti Airtel sees minimal impact from July tariff hike, says CEO
Bharti Airtel, India¡¯s second largest telco, did not see much of a negative impact from the tariff hike it took in July in terms of users downgrading to lower plans or in SIM consolidation, managing director Gopal Vittal said in an earnings call Tuesday.
Power discoms to follow uniform accounting rules
The Centre has directed power distribution companies to follow uniform accounting practices to avoid financial misreporting. This move aims to curb the creation of regulatory assets considered as future revenue. Discoms are now seeking clarity on existing regulatory assets, which they expect to recover from future tariff hikes.
Yen slips as Japan's election result clouds BOJ rate hike prospects
The yen hits a three-month low following Japan's ruling coalition losing its parliamentary majority, triggering investor concerns over slower interest rate hikes. Meanwhile, the dollar gains strength on rising U.S. yields and economic optimism, leading to its largest monthly rise in over two years.
Delhi doubles car and two-wheeler parking fee amid worsening pollution: Check new rates here
Delhi NDMC has increased the parking rates for vehicles ahead of Diwali to reduce pollution. The New Delhi Municipal Corporation plans to double charges to encourage public transport use. The final approval for the rate hike is pending. The measure follows Stage II of the Graded Response Action Plan to limit smog in the city.
FIIs hike stake in 8 out of 10 IT stocks to play Fed rate cut cycle but retail investors left behind
FIIs have increased their stakes in 8 out of 10 top Indian IT companies to capitalize on the US interest rate cut cycle. Infosys, TCS, Tech Mahindra, HCL Tech, and Wipro saw notable FII stake hikes. While mutual funds also increased their stakes in several companies, retail investors reduced their holdings.
Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper
A paper by senior Reserve Bank of India (RBI) staff revealed that the central bank's cumulative rate hikes of 2.5 percentage points since May 2022 have negatively impacted headline inflation by 1.60%. The study, which does not reflect the official views of the RBI, indicated that these rate increases have helped anchor inflation expectations and modulate aggregate demand, resulting in disinflationary effects.
BSE shares tumble 6% on Jefferies¡¯ downgrade to ¡®underperform¡¯ rating
Shares of BSE dropped 6% after Jefferies downgraded the rating to 'underperform' despite hiking the target price. The increased valuation was fueled by market share gain hopes, but Jefferies warned that the risks and over-optimistic assumptions overshadow potential benefits.
Best Sleeping Bags for Hiking, Camping, and Backpacking
This guide explores top-rated sleeping bags, detailing their features, materials, and benefits for various outdoor activities. From ultralight options for backpackers to insulated bags for colder climates, it highlights the best choices for enhancing sleep quality during adventures. Each option's suitability for specific conditions and needs is thoroughly examined.
The new reality of IT raises: Why your next pay hike could be months away
Salary hikes in IT companies are shifting from the traditional April-June period to later in the year, introducing unpredictability. Raises now depend on market demand and company performance, with some firms like Cognizant taking steps to tackle attrition while others delay increments due to low discretionary spending.
Minimum wage rates increased from October 1, 2024 as Variable Dearness Allowance revised; check new wage rates
Minimum wage rates increased: To combat rising living costs, the central government has increased minimum wages for workers in the unorganised sector. This revision, effective from October 1, 2024, is a result of increased Variable Dearness Allowance. The hike benefits workers in various sectors like construction, agriculture, and manufacturing. The new rates vary based on skill level and geographical location. Read on to find out about the new minimum wage rates
BOJ signals rate-hike pause after big Fed cut, market rout
The summary also showed how the U.S. Federal Reserve's decision to deliver an oversized reduction in borrowing costs, which came a day before the BOJ's Sept. 19-20 meeting, led to increased worries about the U.S. economic outlook.
Fed-friendly feeds: Subtle economic influence of social media
Between January 2022 and August 2024, the Federal Reserve executed its most aggressive interest rate increases since the 1980s, raising rates by a total of 5.25 percentage points. Remarkably, the US economy demonstrated resilience in the face of this monetary tightening, remaining stable while the S&P 500 index saw a gain exceeding 20%.
Japan's Nikkei books best week since mid-August, but BOJ caps gains
Japan's Nikkei share average rose by 1.53% on Friday, marking its best week since mid-August. Gains were limited as the yen strengthened following the Bank of Japan's hint at future interest rate hikes. The broader Topix index also advanced, with chip-sector stocks rallying and Tokyo Electron shares soaring 5.32%.
Load More
