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"SC has indicated...": BJP MP Bansuri Swaraj after apex court grants interim bail to Arvind Kejriwal
Supreme Court while granting interim bail to Kejriwal in the ED case observed that the Delhi Chief Minister has suffered incarceration of 90 days and it's conscious that he is an elected leader. The top court had reserved the verdict on Kejriwal's plea on May 17.
Every day is a test for Joe Biden with his presidential campaign in question
President Joe Biden faces intense global scrutiny following recent public appearances that have raised concerns about his performance, particularly after a disappointing debate in June. His upcoming solo press conference at the NATO summit on Thursday is seen as a critical test, where he will field questions from reporters for the first time since November.
Wall Street ends slightly up, trade choppy ahead of inflation data
Strategic investments like Volkswagen's $5 billion in Rivian signal a shift towards sustainable energy. The market anticipates further developments in the electric vehicle sector. Investors carefully analyze such moves, impacting stock performances and sector trends. The market remains dynamic, responding to key catalysts and economic indicators for future insights.
US PMI data triggers sharp decline in gold prices
Gold prices surged to a two-week high of $2,366 following a second rate cut by the Swiss National Bank and weaker US data. Traders anticipate a move by the US Federal Reserve, especially after the European Central Bank's rate cut.
US stocks retreat with data, Fed comments in focus
Wall Street's main indexes edged lower on Monday as investors awaited fresh economic data and comments from Federal Reserve officials throughout the week for more clarity on monetary policy.
Asian stocks build on Wall St records after US inflation data
Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed later in the day released its keenly awaited "dot plot" outlook for interest rates, which showed that decision-makers saw just one cut this year -- down from three predicted in its previous guidance in March.
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US Fed's 'dot plot' could offer glimpse of rate-cut resolve
Since raising their benchmark federal funds rate more than five percentage points starting in March 2022, the Federal Open Market Committee (FOMC) has held borrowing costs at a two-decade high since July. A host of Fed leaders have suggested in recent weeks they see no rush to cut rates, with inflation more persistent and the outlook for growth staying solid.
US Fed likely to remain on pause and pare back rate cut expectations
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data. But with the data still painting a mixed picture, he is unlikely to rock the boat too much this week, according to Oxford Economics chief US economist Ryan Sweet.
Another vote surprise! Dissent grows in RBI that has more 'elbow room'
RBI Monetary Policy: The Reserve Bank of India maintained key lending rates unchanged for an eighth consecutive time with a larger split in votes. Governor Shaktikanta Das emphasised the need for price stability in the growing economy. The unexpected vote split indicates a potential shift towards a rate cut in future policies, though 'greater elbow room' for price stability may not demand an immediate cut. The RBI's stance aligns with market expectations, with a focus on balancing inflation and growth. Despite robust economic growth, inflation remains a concern.
RBI MPC Meeting 2024 at a glance: Here's a one-stop guide to all key decisions
The Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the current interest rate at 6.5%, following a 4:2 majority decision. The panel projected real GDP growth for FY25 to be 7.2%, up from 7%. The MPC is also maintaining the Standing Deposit Facility rate at 6.25% and the Marginal Standing Facility bank rate at 6.75%.
ECB cuts rates, keeps next move under wraps
The European Central Bank cut interest rates for the first time in five years, lowering the deposit rate to 3.75%. The move came in response to inflation uncertainty following a slowdown. This move is seen as the start of an easing cycle, but future cuts may be delayed due to price and wage pressures. ECB remains data-dependent and may wait until September for further action. Fed's stance may impact ECB's decisions.
Foreigners pull money out of EM portfolios after five months of inflows
Foreigners pulled money from emerging markets in April, with outflows from Indian and Indonesian stocks leading to a -$0.7 billion net outflow. China equities also saw small outflows in April.
IMF upgrades China's 2024, 2025 GDP growth forecasts but warns of risks ahead
"China's economic growth is projected to remain resilient at five percent in 2024 and slow to 4.5 percent in 2025," the IMF said in a press release, adding the decision was "driven by strong first-quarter GDP data and recent policy measures".
Union Minister Hardeep Puri blasts Kejriwal, AAP over Maliwal 'assault'
AAP MP Swati Maliwal accuses CM Arvind Kejriwal's ex-aide Bibhav Kumar of assault. Union Minister Hardeep Puri questions incident's timing post-Kejriwal's jail release. Maliwal alleges tampered CCTV at Kejriwal's residence, amid AAP's flip-flop over assault claim. Vigilance Department terminates Kumar's service; AAP attacks Maliwal over video amid Lok Sabha elections; Delhi Police files FIR based on Maliwal's complaint.
'BJP conspiracy': Atishi denies wrongdoing in Swati Maliwal case, addresses press conference
Swati Maliwal News: Amidst the controversy surrounding AAP MP Swati Maliwal's alleged assault at Delhi CM Arvind Kejriwal's residence, Atishi, a Delhi Minister and AAP leader, dismissed Maliwal's claims as part of a "BJP conspiracy." Atishi suggested that Maliwal's actions were politically motivated, orchestrated by rival parties to discredit AAP leadership. This narrative adds political intrigue to the incident, highlighting tensions between AAP and other political factions.
Netanyahu on US threat to withhold arms: Israel will fight with its 'fingernails' if needed
Netanyahu remains resolute on Gaza offensive despite U.S. arms threat, hinting at Rafah invasion. Concerns over humanitarian catastrophe persist. Hamas seeks hostage deal guarantees, while UNRWA faces aid rationing amid Rafah crossing closure.
London's FTSE 100 hits new high after BoE signals rate cuts
Britain's FTSE 100 scaled a record high on Thursday after the Bank of England kept interest rates unchanged but investors cheered increasing indications that more policymakers are warming up to cutting borrowing costs soon.
BoE leaves key rate unchanged at 5.25%; moves closer to first rate cut since 2020
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.
S&P 500 pauses after recent gains as investors assess rate path
That dampened optimism spurred by a positive earnings season and softer-than-expected labor market data that had tempered concerns about the Federal Reserve keeping interest rates higher for longer.
S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference
The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.
Mcap of BSE-listed companies soar to all-time high of Rs 406.52 lakh cr
The market capitalisation of BSE-listed companies soared to an all-time high of Rs 406.52 lakh crore on Monday thanks to a rally in equities where the BSE Sensex climbed over 1 per cent.
RBI's rate-setting panel starts discussion on monetary policy; decision on Friday
The Reserve Bank's MPC, led by Shaktikanta Das, likely to keep the interest rate unchanged in the upcoming policy amid improving economic growth. The outcome of the MPC meet will be announced on Friday, the first of the 2024-25 bi-monthly policies.
Atishi, Raghav Chadha and more leaders to be arrested by ED soon: AAP claims
Delhi minister and Aam Aadmi Party (AAP) leader Atishi stated on Tuesday that the Enforcement Directorate (ED) is set to summon top party members Raghav Chadha, Saurabh Bhardwaj, and Durgesh Pathak before the upcoming Lok Sabha elections. Atishi also mentioned the likelihood of her house being searched by authorities soon.
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