Bank of America beats on bond trading boost, loan growth
Bank of America reported a 25% rise in bond trading revenue, although that was far short of the 86% surge at JPMorgan Chase and Co and a 49% jump at Citigroup Inc.
Gold gains as investors doubt impact of US-China Phase 1 deal
Spot gold rose 0.4 per cent to $1,552.37 per ounce
Battered rupee to extend losing streak this year: Poll
The rupee has suffered from persistent weakness in the domestic economy.
India opening up will be beneficial for potential growth: Nouriel Roubini
It is true that when there is a major global shock, a country like India might be sheltered compared to a larger open economy like China or ...
Fed focuses on repo market exit strategy after avoiding year-end crunch
The Fed will continue pumping tens of billions a day into the repo market through at least the end of January.
Markets seriously underpricing US-Iran risks, threat not over: Nouriel Roubini
There will be a recession only if there is a full-scale war and if oil is above $100 per barrel. If oil prices were to go up to $80/ barrel, there will be a negative growth impact on the global economy. Even within the US, while gas and oil producers will have a windfall, consumers are going to be hurt.
Foreign fund flows may drop on risk-off sentiment in EMs
The US-Iran tensions are coming at a time when the Indian economy is facing growth challenges.
US Fed has tools to fight recession: Fed Chairman
Bernanke said the Fed should also consider adopting some of the tools employed by other central banks.
Fed may need new approach to boost inflation, Daly says
As a result, she said, “a new policy framework will likely be required” to boost inflation.
Fed policymakers broadly see eye to eye on 2020 outlook
Inflation has been running below the Fed’s 2 per cent target.
Google wants US Federal Reserve to follow India's UPI example
According to Google, UPI was thoughtfully planned and critical aspects of its design led to its success.
Safe-haven currencies jump after US air strike in Iraq
The yen hit a two-month high of 107.92 against the US dollar and was last up 0.5 per cent.
US Federal Reserve keeps rates steady, signals no change in 2020
The Fed said it will continue to monitor the implications of data for the economic outlook.
Dollar’s losses may just be getting started
The currency is set to extend losses as a truce in the US-China trade war and signs that global growth is improving sap demand for haven assets.
Fed wins year-end repo battle, but war to control rates drags on
It has also been bolstering system reserves through Treasury bill purchases.
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