Page 46 - Us Fed News Today

The US Federal Reserve raised its lending rate by 25 bps to 5.25-5.5% to tackle high inflation. Further increases are possible in the future.

UBS has been fined $400 million by US, Swiss and UK banking authorities for its mismanagement of Credit Suisses finances and its relationship with Archegos Capital Management

SINGAPORE: Oil prices eased on Monday as traders await more rate hike cues from US and European central banks, with...

LONDON: Oil prices rose on Monday as tightening supply and hopes for Chinese stimulus underpinned Brent at well...

DBS research has raised Indias inflation forecast for FY24 from 4.8% to 5.2% as a result of certain concerns, including perishables like vegetables, pulses, and foodgrains. However, the bank believes that the situation is likely to be manageable due to adequate reservoir and groundwater levels that will influence the winter crop.

I think we are seeing some sort of a revival in that sense in order bookings for IT companies. So when you talk about results for TCS, I think what we clearly saw that while the results were somewhat muted or moderate in terms of revenue growth but the TCV, the total contract value, was very strong at $10 billion plus.

Crude oil prices have gained momentum in recent weeks amid supply cuts from Saudi Arabia and easing inflation in the US. The price of crude oil has been hovering around $80 per barrel in July.

The antipodean currencies such as the Australia and the New Zealand dollars weakened against their major rivals in the Asian session on Monday, after the Chinese economy grew less than expected in the second quarter.

Despite the bump today, brokerages remain cautious on the sector given the numbers of companies so far and the limited view ahead.

Despite the bump today, brokerages remain cautious on the sector given the numbers of companies so far and the limited view ahead.