RBI May Reduce Policy Rate In 4th Quarter Of 2024: Report
Press Trust of India | Monday May 29, 2023, New DelhiGlobal forecasting firm Oxford Economics on Monday said the RBI may cut key benchmark policy rate in the fourth quarter of the current calendar year as a mix of factors will allow the central bank to shift focus and adopt a more accommodative policy stance sooner.
Alibaba Hiring 15,000 People, Pushes Back On Job Cut Reports
Agatha Cantrill, Bloomberg | Friday May 26, 2023Alibaba Group Holding Ltd. said it plans to hire 15,000 people this year, pushing back on reports that the Chinese tech firm is laying off employees.
UBS Merger With Credit Suisse Raises Job Fears In Switzerland
Agence France-Presse | Thursday May 11, 2023, Zurich, SwitzerlandAmong the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.
Samsung's Profit Drops 95%, Worst Quarterly Earnings In 14 Years
Agence France-Presse | Thursday April 27, 2023, Seoul, South KoreaSamsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.
Mankind Pharma IPO (Public Offer): Price Band Set At 1,026 To 1,080 Rupees A Share
Reuters | Wednesday April 19, 2023, BengaluruPharmaceutical company Mankind Pharma Ltd has set a price band of 1,026 rupees to 1,080 rupees per share for its initial public offering (IPO).
Indian Financial System Completely Insulated From Developments In US, Switzerland: RBI Governor
Press Trust of India | Friday April 14, 2023, WashingtonIndia's financial system remains "completely" insulated from the recent developments in the US and Switzerland, RBI Governor Shaktikanta Das said, asserting that the country's banking system is resilient, stable and healthy.
Shares In China's Cybersecurity Firm 360 Fall After Founder's Divorce Deal
Reuters | Thursday April 06, 2023, ShanghaiShares in Chinese cybersecurity company 360 Security Technology plunged on Thursday after the firm announced that its billionaire founder Zhou Hongyi and his wife were divorcing and that he would give her a 6.25% share.
No Charge On Normal UPI Payment For Customers: Payments Body NPCI
Press Trust of India | Wednesday March 29, 2023, New DelhiNPCI (National Payments Corporation of India) today said there is no charge for the bank account to bank account-based UPI payments or normal UPI payments
Deutsche Bank Shares Plummet, Fueling Crisis Fears
Agence France-Presse | Sunday March 26, 2023, Frankfurt, GermanyShares in Deutsche Bank fell heavily on Friday on the lender's surging cost of default cover, reigniting fears about a widening banking sector crisis.
US Stocks Slump After Fed Rate Hike, Concerns On Economy
Agence France-Presse | Thursday March 23, 2023, New YorkWall Street stocks slumped Wednesday as the US Federal Reserve continued hiking interest rates to fight inflation, while noting that banking sector turmoil could weigh on the economy.
Fed Raises Interest Rate, Says US Banking System Is "Sound And Resilient"
Reuters | Thursday March 23, 2023The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further increases in borrowing costs after the recent collapse of two U.S. banks.
United Kingdom's Inflation Accelerates To 10.4%
Agence France-Presse | Wednesday March 22, 2023, LondonBritish annual inflation unexpectedly accelerated in February despite central bank efforts to tame a growing cost-of-living crisis, official data showed today.
Global Shares Jump But Financial System Uncertainties Limit Buying
Reuters | Wednesday March 22, 2023, New YorkGlobal shares leapt on Tuesday after the rescue of Credit Suisse stemmed a rout in equities and whetted risk appetite, although financial system uncertainties limited buying as investors awaited the outcome of a Federal Reserve meeting.
World's Largest Banks Join Hands To Tackle Possible Global Banking Crisis
Agence France-Presse | Monday March 20, 2023, WashingtonA special drive will be launched Monday by the Fed and the central banks of Canada, the United Kingdom, Japan, the European Union and Switzerland.
Silicon Valley Bank Collapse: Financial Stocks Lose $465 Billion In 2 Days
Kurt Schussler, Bloomberg | Tuesday March 14, 2023Losses widened today, with the MSCI Asia Pacific Financials Index dropping as much as 2.7% to the lowest since Nov. 29.
