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Forex News
Reserve Bank Of India Slows Rate Hikes On Weaker Growth Outlook
India's central bank raised its benchmark interest rates for the fifth policy meeting in a row on Wednesday due to sticky core inflation, but geared down the pace of tightening given the softness in economic growth outlook. The Monetary Policy Committee of the Reserve Bank of India voted 5-1 to hike its key interest rate, the repo, by 35 basis points to 6.25 percent with immediate effect, Govern
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894 days ago
Indian Rupee Off Near 5-week Low Against U.S. Dollar After RBI Decision
The Indian rupee erased its early losses versus the U.S. dollar in the evening session on Wednesday, as India's central bank raised its benchmark interest rates for the fifth consecutive meeting and indicated that inflation remained elevated.
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894 days ago
Lowe's Authorizes New $15 Bln Share Repurchase; Affirms FY22 Outlook
Ahead of its 2022 Analyst and Investor Conference in New York City on Wednesday, home improvement company Lowe's Companies, Inc. (LOW) the board of directors has authorized a new $15 billion common stock repurchase program.
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894 days ago
Pound Declines In Cautious Trade
The pound fell against its most major counterparts in the European session on Wednesday, amid uncertainty about further monetary policy tightening by the U.S. Federal Reserve and the prospect of a slowdown in economic growth.
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894 days ago
Sensex, Nifty End Lower As RBI Raises Inflation Forecast For Q3, Q4
Indian shares ended modestly lower on Wednesday as the Reserve Bank of India (RBI) raised its benchmark interest rates for the fifth consecutive meeting.
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894 days ago
European Shares Mixed Amid Recession Worries
European shares traded mixed on Wednesday as weak trade data from China overshadowed investor optimism over easing of COVID curbs in the country.
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894 days ago
Will Germany Avoid A Recession On Industrial Resilience?
Germany industrial production dropped only slightly in October despite the sharp weakness in energy-intensive sectors, signaling a less severe economic downturn at the end of the year. Industrial production dropped 0.1 percent on a monthly basis in October, slower than the expected fall of 0.6 percent.
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894 days ago
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FTSE 100 Edges Higher As China Eased Virus Curbs
U.K. stocks edged up slightly on Wednesday after China announced easing of its strict COVID curbs.
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894 days ago
Apple To Use US-made Microchips From TSMC's New Arizona Factory
Apple Inc. plans to start using American-made processors from the new advanced chip factory in Phoenix, Arizona operated by chip giant Taiwan Semiconductor Manufacturing Co., according to its Chief Executive Officer Tim Cook. At an event in the factory in Arizona, which was attended by U.S. President Joe Biden, it was also announced that TSMC will invest $40 billion in the new factory.
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894 days ago
CAC 40 Slips Amid Fed Uncertainty
French stocks were little changed on Wednesday amid China growth concerns and uncertainty over the path of U.S. monetary policy.
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894 days ago
DAX Dips On Growth Worries
German stocks slipped on Wednesday amid growth worries after big U.S. banks cautioned of a likely recession next year.
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894 days ago
Asian Shares Decline On US Rate Worries, Weak China Data
Asian stocks declined on Wednesday as investors reacted to mixed data out of the United States and China.
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894 days ago
UK House Prices Fall Most In Over 14 Years Amid Cost Of Living Crisis, Recession Worries
UK housing market continued to slow in November as house prices decreased for a third month in a row and at the steepest rate in over 14 years, suggesting increased market volatility as households reel under the pressures of a cost of living crisis and an economic recession.
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894 days ago
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