• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Business News

Latest business breaking news from around the world

  • Home
  • Markets
  • Business
  • Investing
  • Tech
  • Politics

Fx rates central bank

Fitch Ratings cuts China’s 2022 growth forecast amid uptick in COVID-19 cases

May 3, 2022 by www.moneycontrol.com

Representative image China’s GDP growth forecast for 2022 has been cut by Fitch Ratings from 4.8% to 4.3% in the backdrop of rising coronavirus cases in the country, which led to the adoption of policies that restricted mobility in the important commercial hub of Shanghai aside from broader restrictions across the nation. The ratings agency has; however, revised its 2023 growth forecast for China from 5.1 percent to 5.2 percent based on the assumption that Beijing would gradually phase out its ‘dynamic zero-Covid’ policy over the next year. They explained that their forecast is subject to downside risk if containment measures fail to bring new outbreaks under control quickly or if the easing of current restrictions is delayed, and based on the assumption that Beijing would adhere to the ‘dynamic zero’ strictly until 2023. "Spillover to economic activity from Covid-19 pandemic-related disruption became apparent in March, with retail sales falling by 3.5%, the first YoY … [Read more...] about Fitch Ratings cuts China’s 2022 growth forecast amid uptick in COVID-19 cases

Filed Under: Economy China's 2022 GDP growth forecast by Fitch Ratings, Fitch Ratings China GDP growth forecast 2022, China, China GDP growth, coronavirus lockdown, COVID-19 impact, ..., fitch ratings, Growth Forecasts, growth forecast, rate cut, interest rate cut, Fitch Ratings Limited, rbi rate cut, GDP Growth Forecast, RBI repo rate cut, RBI rate cuts, global growth forecasts, Global Growth Forecast, World GDP Growth Forecast, rate cuts, Bank Interest Rate Cut, interest rates cut, Fitch Rating Agency, india growth forecast, IMF growth forecast India, china growth forecast

Buy RBL Bank; target of Rs 160: Motilal Oswal

May 15, 2022 by www.moneycontrol.com

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on RBL Bank RBL Bank (RBK) reported an in-line quarter with net earnings up 27% QoQ to INR1.98b (+163% YoY) supported by healthy NII as NIM expanded 70bp QoQ along with controlled provisions. Business trends were modest with the loan book growing 3% QoQ, while the deposit book rose 7% QoQ. C/I ratio remained elevated at 60% on higher business expenses. Fresh slippages dipped 19% QoQ to INR6.2b - largely from the Retail portfolio (Credit Cards/MFI). GNPA/NNPA ratio improved 44bp/51bp QoQ to 4.40%/1.34%, respectively. We cut our FY23E/FY24E earnings by 10%/7% as we conservatively built in higher credit cost and opex, and await clarity on the appointment of the MD and CEO. Outlook We expect RBK to deliver an FY24E RoA/RoE of 1.2%/10.3%, … [Read more...] about Buy RBL Bank; target of Rs 160: Motilal Oswal

Filed Under: Uncategorized Motilal Oswal, RBL Bank, buy, Recommendation, gurumurthy rbl bank, rewards rbl bank, noida rbl bank, deepak semwal rbl bank, motilal oswal large cap 35, pulsar rs 160, robo advisory motilal oswal, how brokerage is calculated in motilal oswal, brokerage at motilal oswal, motilal oswal most ultra short term, motilal oswal mf most focused multicap 35 fund, m.motilal oswal mutual fund, motilal oswal mutual fund most 35, motilal oswal mutual fund most focused long term, motilal oswal mutual fund most focused multicap, motilal oswal mutual fund most focused 35, rbl share target, rbl share target price, motilal oswal most focused, bharat 22 etf motilal oswal

Dollar’s strength pushes world economy deeper into slowdown

May 15, 2022 by www.moneycontrol.com

Representative image The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility -- and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an aggressive series of interest-rate increases to curb inflation and investors have bought dollars as a haven amid economic uncertainty. A rising currency should help the Fed cool prices and support American demand for goods from abroad, but it also threatens to drive up the import prices of foreign economies, further fueling their inflation rates, and sap them of capital. That’s especially worrying for emerging economies, which are being forced to either allow their currencies to weaken, intervene to cushion their slide, or raise their own interest rates in a bid to buttress their foreign exchange levels. ALSO READ: The Dollar … [Read more...] about Dollar’s strength pushes world economy deeper into slowdown

Filed Under: Uncategorized US Dollar, global economy, Federal Reserve, US inflation, how slavery helped build a world economy, liberalization and unification of world economies, keynes useful economics for the world economy, slow down world economy, world economy how does it work, multinational firms in the world economy, world economy halved for 30 seconds, who dominates the world economy, predicted dollar strength, slowdown world economy, slowdown in world economy, dollarization of the ghanaian economy, weaker dollar impact on global economy, world unprepared for slowdown says imf’s lipton, commodities dollar strength, dollar strength 2018, integrating domestic economy with world economy is called, integrating domestic economy with world economy, differentiate global economy from world economy, rate hike dollar strength

Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar

May 12, 2022 by www.moneycontrol.com

Representative image Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and moved in a range of 77.36 to 77.63 in the day trade. The rupee finally ended at 77.40, down by 15 paise over its previous close. The rupee had settled at 77.25 against the US dollar on Wednesday. On May 9, the … [Read more...] about Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar

Filed Under: Uncategorized two-day winning streak, rupee slumped by 15 paise, rupee at 77.40 against US dollar, rupee, dollar, US dollar, stocks at all time lows, i need 40 dollars now, iphone for 40 dollars, rupee against dollar, rupee dollar exchange, 1 australian dollar to nepali rupees, exchange rates dollar to rupee, 80 percent ar 15 lower receiver, german dollar to indian rupee, rupee value against dollar, dollar rate to rupees, dollar rate in pakistani rupees, dollar trend against rupee, dollar vs rupee forecast, dollar vs rupee in 1947, dollar with rupee, dollars and rupees, dollars convert to rupees, dollars convert to indian rupees, dollars in indian rupees

Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

May 15, 2022 by www.moneycontrol.com

Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

Filed Under: Uncategorized Sensex, Nifty, key factors that lead to successful business, top 10 business news of the week, earned 10 times weekly benefit rate, 1 week business trip packing list, key factors that lead to successful business pdf, only 10 of smokers identify workplace stress as a key factor in their smoking, dalal street best trader

Asia stocks struggle after dire China data

May 16, 2022 by www.theedgemarkets.com

- A + A SYDNEY (May 16): Asian share markets were struggling to sustain even a minor rally on Monday, after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. The risks had been to the downside, given new bank lending in China hit the lowest in nearly four and half years in April. China's central bank also disappointed those hoping for a rate easing, though Beijing on Sunday did allow a further cut in mortgage loan interest rates for some home buyers. News that Shanghai was relaxing some of its lockdown restrictions offered only cold comfort to investors. Chinese blue chips shed 0.4% in reaction while commodity currencies took a knock led by the Australian dollar, which is often used as a liquid proxy for the yuan. MSCI's … [Read more...] about Asia stocks struggle after dire China data

Filed Under: Uncategorized asia pacific data centre group, stock in china, asia pacific stock index, china stock market live quotes, stockings wholesale china, why china stock market is falling, air asia stock, stock market asia, stock market in china, stock markets in china, stock market in asia, asia pacific stock exchange, stocks asia, asia pacific stock market, china mobile check data usage, china retail sales data, michigan china data center, stock shoes in china, china mobile data center, stock market asia pacific

China debates a financial stability guarantee fund

May 16, 2022 by www.bangkokpost.com

A Chinese government proposal for a financial stability guarantee fund to safeguard against systemic risks has attracted attention from many parties. Some have differing opinions on how to best resolve the current financial risks related to defaults and debt reduction, especially among property developers. At the direction of the State Council, the People's Bank of China (PBoC) will take the lead in developing the framework for the fund. Also taking part are the National Development and Reform Commission, the ministries of Justice and Finance, the China Banking and Insurance Regulatory Commission (CBIRC), the China Securities Regulatory Commission and the State Administration of Foreign Exchange. Preliminary work is expected to be completed by the end of September. The purpose of the fund is to improve risk prevention and deal with systemic-hidden dangers, a spokesperson for the CBIRC has said. Participants are studying the relevant regulations for the establishment of the fund and … [Read more...] about China debates a financial stability guarantee fund

Filed Under: Uncategorized imf global financial stability report, imf financial stability report, why financial stability is important, restoring financial stability how to repair a failed system, financial stability what is, financial stability topics, carney financial stability report, safeguarding financial stability theory and practice, financial stability what does it mean, dollarization financial stability, efsf european financial stability facility, efsf european financial stability fund, regain financial stability, rbi financial stability report, ecb financial stability review, strengthened financial stability, crockett 1997 financial stability, achieve financial stability, g20 financial stability board, financial stability 2018

Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD

May 13, 2022 by www.moneycontrol.com

Representative image After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close. On Thursday, the rupee plunged 25 paise to close at its lifetime low of 77.50 against the US currency. Forex traders said the Indian Rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the Indian central bank next month due to rising domestic inflation. India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to … [Read more...] about Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD

Filed Under: Uncategorized Indian rupee, rupee, US Dollar, 1 usd in indian rupees, 1 usd in indian rupee, current rate of usd in indian rupees, usd price in indian rupees, usd 240 convert in indian rupee, usd 240 into indian rupees, 01 usd in indian rupees, usd 30 million in indian rupees, 100 usd how much indian rupees, r indian rupee to usd, usd 6 in indian rupees, usd 315 in indian rupees, 20 lakh usd in indian rupees, usd 299 convert into indian rupees, usd 299 in indian rupees, usd 415 in indian rupees, usd 279 in indian rupees, usd 349 in indian rupees, usd 405 in indian rupees, usd 232 in indian rupees

Bitcoin trades below US$30,000 as markets digest TerraUSD fallout

May 15, 2022 by www.theedgemarkets.com

- A + A LONDON (May 15): Bitcoin staged a modest recovery to trade just below US$30,000, extending a period of relative market calm after the collapse of a closely watched stablecoin roiled digital assets in the past week. The largest cryptocurrency advanced 1.1% to US$29,670 at 10.40am in London. Ether, the second-biggest token, rose 1.9% while coins like Avalanche and Cardano posted larger gains. Bitcoin dipped to a low of US$25,425 on Thursday after the TerraUSD algorithmic stablecoin unravelled, throwing the entire ecoystem that supports it into disarray. At its height, the market panic engulfed the US$76 billion stablecoin Tether, a key cog in crypto assets that briefly dipped from its dollar peg. "We have witnessed the rapid decline of a major project, which sent ripples across the industry, but also a new found resiliency in the market that did not exist during the last market downswing," Changpeng Zhao, chief executive officer of crypto exchange … [Read more...] about Bitcoin trades below US$30,000 as markets digest TerraUSD fallout

Filed Under: Uncategorized 30 000 islands cruise, 30 000 islands georgian bay, 30 000 headphones, 30 000 words, 30 000, 30 000 islands, investing 30 000, mercedes benz under 30 000, top horsepower cars under 30 000, vanessa 30 000 series butterfly valve, hillary clinton 30 000 emails, georgian bay 30 000 islands, 30 000 over 5 years, 30 000 years of art, franchises under 30 000, 30 000 yen en euro, 30 000 scholarship, best 30 000 car, borrow 30 000, toyota 30 000 mile maintenance

Sell EURINR; target of : 80.45 : ICICI Direct

May 13, 2022 by www.moneycontrol.com

Representative image ICICI Direct's currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation environment of slow growth and high prices. On top of its Russia unveiled a set of sanctions on energy companies operating on the continent threating supply • Euro is expected to trade with negative bias on the back of strong dollar, expectation of disappointing economic data from euro area and gloomy global market sentiments. Market sentiments are hurt on worries over repercussion of ongoing war in Ukraine and strict lock down in China. Further, market fears that major central banks efforts to bring inflation under control will hamper economic growth. Additionally, ECB is likely to raise interest rates gradually not at the same pace as US Fed. EURINR (May) is expected to trade in a range of 80.45-80.90. Intra-day strategy EURINR May futures … [Read more...] about Sell EURINR; target of : 80.45 : ICICI Direct

Filed Under: Uncategorized icici direct, Sell, Rupee, Brokerage Recos - Currencies, EURINR, direct selling companies, direct selling opportunities, qnet direct selling, qnet direct selling company, qnet global direct selling company, The Direct Selling Association, Direct Selling Association of Singapore, direct selling association, direct selling, sell direct, 80s t shirts target, direct selling news, direct selling clothing companies, direct selling business, direct selling top 100, sell 45 records, sell 45 vinyl records, sell 45s, Target Account Selling

Primary Sidebar

RSS Recent Stories

  • Comelec to proclaim Magic 12 Wednesday
  • No surprises as Brandon Ganuelas-Rosser goes to Blackwater Bossing
  • Unity, economic recovery top agenda of new House
  • First task: Fixing the economy
  • Gilas starts hunt for SEA Games gold that counts most
  • Carlos Yulo becomes first Filipino to win three gold medals in Hanoi
  • 3 soldiers hurt in clash with Abu Sayyaf in Sulu
  • The next role Charo Santos-Concio wants to play
  • Direk John ‘Sweet’ Lapus says goodbye to being a gay comedian
  • How Albie beats the odds against dyslexia and ADHD

Sponsored Links

  • How American stocks could continue to climb
  • Which is The Economist’s country of the year for 2021?
  • After a shocker in 2021, where might inflation go in 2022?
  • The hidden costs of cutting Russia off from SWIFT
  • Has the pandemic shown inflation to be a fiscal phenomenon?
Copyright © 2022 Business News. Power by Wordpress.
Home - About Us - Contact Us - Disclaimers - DMCA - Privacy Policy - Submit your story