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2 mins read
As English players begin their premature IPL exodus, Gavaskar calls for action against England Cricket Board
While the World Cup is scheduled to commence on June 2, England will play a preparatory series agai…
2 mins read
Bitcoin's fair value is zero, and the latest boom will spark 'massive' collateral damage, ECB says
The ECB slammed bitcoin, describing the approval of spot ETFs in the US as "the naked emperor's new…
Yuheng Zhan
2 mins read
ECB hikes interest rates by 25 bps in fight against inflation
In light of the ongoing high inflation pressures, the Governing Council of the European Central Ban…
ANI
3 mins read
Indian bank deposits better protected than in US: SBI report
Analysis of insured customer deposits across multiple geographies initiated in the wake of bank run…
ANI
2 mins read
Global shares ease ahead of the ECB's rate decision, while US futures edge higher
Sentiment was cautious ahead of the European Central Bank's policy meeting at which it's expected t…
Zahra Tayeb
3 mins read
Global stocks fall as focus turns to ECB's upcoming rate hike, as US earnings optimism takes a knock
There's doubt about the size of the ECB's first interest rate hike in 11 years, while mixed earning…
Karen Friar
2 mins read
US futures climb ahead of the Federal Reserve's rate decision; the euro is soaring as the ECB calls a surprise meeting
US futures rose ahead of the FOMC's decision, while the euro shot up and eurozone bond yields fell …
Zahra Tayeb
1 min read
Credit Suisse could go bust if the ECB follows up on its rate hike promise, 'Dr. Doom' Nouriel Roubini says
Economist Nouriel Roubini said Credit Suisse needs a liquidity lifeline from central banks — and th…
Zahra Tayeb
1 min read
US stocks trade mixed as strong Tesla earnings lift Nasdaq while ECB hikes rates for first time in 11 years
Russia resumed gas flows via its key Nord Stream 1 pipeline, although at reduced flows, sending nat…
Brian Evans
2 mins read
The European Central Bank just hiked interest rates for the first time in 11 years, amid political and economic crisis
The ECB opted to hike interest rates by an outsized 50 basis points in a bid to cool red-hot inflat…
Harry Robertson
2 mins read
An economist explains how the euro could drop below the dollar after the world's top currencies reached parity - and why the ECB may not stop the fall
"I think the ECB is really not in any hurry to raise the euro, and it will let the export sector, i…
Phil Rosen
2 mins read
One Euro equals one Dollar - for the first time in 20 years
The euro and the dollar have reached parity for the first time in 20 years, signalling the market's…
3 mins read
RBI's moves to boost forex inflows could have an impact on domestic borrowing rates
Reacting to RBI's moves on Wednesday, Emkay Global in a report said: "While these measures to boost…
3 mins read
The euro is facing a deeper slide under the weight of Europe's gas crisis and the ECB's bond-rout response, says Societe Generale
The euro is sinking closer to parity with the dollar, buying $1.016 and trading at a nearly 20-year…
Carla Mozée
3 mins read
Fed Chair Powell warned that sky-high inflation could turn permanent. It's the opposite of what he said a year ago.
Thinking supply chains would quickly heal was something the Fed got wrong, Powell said Wednesday. N…
Ben Winck
2 mins read
Dow drops 317 points as US stocks fall after ECB follows the Fed in hiking interest rates
The Dow plunged as US stocks opened lower Thursday after the European Central Bank followed the Fed…
Brian Evans
3 mins read
The ECB says it's preparing a new anti-crisis tool as a surge in bond yields stirs memories of the eurozone meltdown
The ECB is back in crisis-fighting mode after Italian bond yields skyrocketed in response to potent…
Harry Robertson
2 mins read
Global stocks give up some of this week's gains as rising bond yields and oil prices fuel stagflation fears
10-year bond yields climbed back above 3% and oil held above $120 a barrel, causing US futures to s…
George Glover
3 mins read
Market expectations for rate hikes are overly hawkish and central banks will end up living with some inflation in order to keep their economies growing, BlackRock says
The ECB may have to pause rate hikes if the euro area falls into a recession spurred by an energy c…
Carla Mozée
2 mins read
Bitcoin is on the 'road to irrelevance' and its last gasp was already on the horizon before FTX's collapse, ECB officials say
Since bitcoin fails as a form of payment and investment, "it should be treated as neither in regula…