Bank of England to Sell 8.7 Billion Pounds of Government Bonds in Q4
On Thursday, the Bank of England said that it would sell around 8.7 billion pounds of government bonds in the fourth and final quarter of...
Category : ECONOMY
Norges Bank Raises Interest Rates to 2.25% to Tame Inflation
On Wednesday, Norges Bank raised interest rates again as it looks to keep inflation from becoming entrenched at a high level. The central bank increased...
Rupee Hits Record Low as Dollar Climbs to 20-Year High
The dollar climbed to a fresh two-year high, and the rupee fell to a record low early Thursday after the Federal Reserve raised interest rates...
Canadian Inflation Rate Slows to 7.0%
On Tuesday, Statistics Canada data showed that Canada’s annual inflation rate eased in August, and the index dropped on a month-over-month basis for the first...
Shanghai Unveils $257 Billion in Projects in Infrastructure Push
On Tuesday, Shanghai announced eight infrastructure projects with a total investment of 1.8 trillion yuan (USD 257 billion) after the city was hit hard by...
Ecuador Signs Agreement with China to Restructure Debt
On Monday, the Ecuador government reported that it has agreed to restructure its debt with Chinese banks. This is to provide relief worth some USD...
German Producer Prices Register Record Jump in August
In August, German producer prices surged at their strongest rate since the same month last year. This was primarily driven by surging energy prices, raising...
Russia Considers $50 Billion Hike in Taxes on Oil, Gas in 2023-2025
Russia is considering increasing taxes on the oil and gas sector to 3 trillion roubles (USD 50 billion) in 2023-2025, mainly to plug the budget...
Advance Tax Mop-Ups 17% Between April-September to Rs 2.95 Trillion
The advance tax collection, both corporate and personal, has grown 10.1 per cent yearly to Rs 1,92,600 crore Q2FY23. The corporation advance tax mop-up in...
FM Sitharaman Highlights Roles of Banking Sector in India’s Economic Growth
On Friday, the 75th annual meeting of the Indian Bank’s Association was held in Mumbai. The Union Finance Minister Nirmal Sitharaman was addressing and highlighted...