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Gold under pressure from elevated US dollar, bond yields Gold prices eased on Tuesday as the dollar benefited from elevated bond yields and China's economic concerns, with markets now looking ahead to U.S. retail sales data that could shed light on the impact of higher rates on consumer spending. Spot gold was down 0.2% at $1,905 per ounce by 0319 GMT, trading near its lowest level in 1-1/2 months hit in the previous session. U.S. gold futures dropped 0.3% to $1,937.80. Gold prices fell as the U.S. dollar and Treasury yields were pushed h...
Gold under pressure from elevated US dollar, bond yields
Gold under pressure from elevated US dollar, bond yields
Source: Reuters
15/08/2023 9:26:53 AM
Dollar, gold can strengthen as investors shift assets towards safe havens The dollar and gold can strengthen as investors shift assets towards safe havens due to the impact of US debt being downgraded by Fitch, Tata Mutual Fund said. This could also weigh on emerging-market assets due to rise in US yields. “We believe that the Fitch rating downgrade is unlikely to lead to major impact in debt, currency and commodity markets. As the previous rating downgrade for US debt came in 2011 by S&P, which had then led to steep stock market declines and rising...
Dollar, gold can strengthen as investors shift assets towards safe havens
Dollar, gold can strengthen as investors shift assets towards safe havens
Source: IANS
2/08/2023 5:36:23 PM
Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the U.S. Federal Reserve's monetary tightening path. Spot gold rose 0.3% to $1,959.54 per ounce by 0359 GMT. U.S. gold futures gained 0.4% to $1,963.70. The dollar wobbled near an over one-year low. A weaker dollar makes gold cheaper for holders of other currencies. [USD/] While the upcoming Fed m...
Gold prices tick up as traders await Fed cues
Gold prices tick up as traders await Fed cues
Source: Reuters
18/07/2023 9:46:35 AM
World Bank chief Banga unveils new plans to boost lending `firepower` World Bank President Ajay Banga unveiled new plans on Tuesday to stretch the bank's balance sheet and help countries tackle climate change and other challenges, but said a capital increase would still eventually be needed. Banga, a former Mastercard CEO who took over the helm of the World Bank on June 2, announced the new proposals to "make our balance sheet work harder" during a meeting of finance officials from the Group of 20 major economies in Gandhinagar, India. The n...
World Bank chief Banga unveils new plans to boost lending `firepower`
World Bank chief Banga unveils new plans to boost lending `firepower`
Source: Reuters
18/07/2023 9:24:13 AM
US working with India on platform to speed its energy transition - Janet Yellen The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India's energy transition, U.S. Treasury Secretary Janet Yellen said on Monday. "We are close to reaching an agreement on the global minimum tax system," said Yellen, after a bi-lateral meeting with India's finance minister Nirmala Sitharaman on the sidelines of a G20 meeting. The visit is Yellen's third to India this ...
US working with India on platform to speed its energy transition - Janet Yellen
US working with India on platform to speed its energy transition - Janet Yellen
Source: Reuters
17/07/2023 9:44:10 AM
Gold firms as US jobs data raises doubts on aggressive rate hikes Gold prices edged higher in early Asian hours on Monday after U.S. jobs data last week cast doubts over the labour market's strength, prompting investors to be more sceptical of the Federal Reserve's rate hike trajectory. FUNDAMENTALS * Spot gold was up 0.1% at $1,925.49 per ounce by 0104 GMT. U.S. gold futures were down 0.1% to $1,931.00 per ounce. * The Labor Department's closely watched employment report on Friday showed the U.S. economy added the smallest jobs in 2-1/...
Gold firms as US jobs data raises doubts on aggressive rate hikes
Gold firms as US jobs data raises doubts on aggressive rate hikes
Source: Reuters
10/07/2023 9:08:59 AM
Gold flat, investors await US data for Fed`s rate cues Gold was flat on Thursday as investors awaited a raft of U.S. economic data that could influence the Federal Reserve's policy trajectory, after minutes of its June meeting reaffirmed expectations that interest rates could remain higher for longer. Spot gold held its ground at $1,918.59 per ounce by 0241 GMT, while U.S. gold futures fell 0.1% to $1,925.00. "With the Fed having its eyes on services' sector prices to gauge inflation persistence, any progress on that front will...
Gold flat, investors await US data for Fed`s rate cues
Gold flat, investors await US data for Fed`s rate cues
Source: Reuters
6/07/2023 9:14:44 AM
Stocks slide, US yields climb amid hawkish Fed, China tensions Asia-Pacific stock markets fell on Thursday, extending a decline in global equities, after the U.S. Federal Reserve confirmed its hawkish stance, while an escalating trade battle between China and the United States also dampened sentiment. U.S. 10-year Treasury yields climbed to a fresh four-month high in Tokyo trading, and the dollar extended its rise against major peers. Japan's Nikkei share average slumped more than 1%, continuing its retreat from 33-year highs. Hong Kong'...
Stocks slide, US yields climb amid hawkish Fed, China tensions
Stocks slide, US yields climb amid hawkish Fed, China tensions
Source: Reuters
6/07/2023 8:58:10 AM
Asian shares fall on growth concerns, focus shifts to Fed minutes Asian shares fell on Wednesday after a slowdown in China's services activity dented sentiment and as markets turned their focus to the release of Federal Reserve minutes and a key U.S. jobs report later in the week. Market conditions were subdued following the Independence Day public holiday on Wall Street on Tuesday. S&P 500 futures dipped 0.1% and Nasdaq futures fell 0.2%. MSCI's broadest index of Asia-Pacific shares outside Japan skidded 0.7%. Japan's Nikkei also fell...
Asian shares fall on growth concerns, focus shifts to Fed minutes
Asian shares fall on growth concerns, focus shifts to Fed minutes
Source: Reuters
5/07/2023 8:54:59 AM
Gold climbs on softer dollar as traders weigh Fed verdict Gold prices edged higher on Thursday, supported by a softer dollar, although bullion hovered near the previous session's lows as investors awaited cues from the U.S. Federal Reserve after the Bank of Canada hiked its rates to a 22-year high. Spot gold rose 0.4% to $1,946.47 per ounce by 0307 GMT, after shedding 1% in the previous session. U.S. gold futures edged 0.1% higher to $1,961.00. Gold has support from expectations of Fed holding rates next week with prices stuck in the $1,93...
Gold climbs on softer dollar as traders weigh Fed verdict
Gold climbs on softer dollar as traders weigh Fed verdict
Source: Reuters
8/06/2023 8:58:25 AM
Yellen urges new World Bank chief to `get the most` from balance sheet U.S. Treasury Secretary Janet Yellen on Thursday told incoming World Bank Group President Ajay Banga to "get the most out of the bank's balance sheet" and mobilize more private capital for climate finance and global development objectives, the Treasury said. During a meeting with Banga a day before the former Mastercard CEO takes office at the World Bank, Yellen "conveyed her strong desire for Treasury to continue close collaboration" with him on the lender's ev...
Yellen urges new World Bank chief to `get the most` from balance sheet
Yellen urges new World Bank chief to `get the most` from balance sheet
Source: Reuters
2/06/2023 9:11:08 AM
Dollar drifts as traders weigh rocky path for US debt ceiling deal The U.S. dollar eased on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk sentiment, although the agreement could face a rocky path through Congress. The dollar index, which measures the U.S. currency against six major peers, fell 0.02% to 104.28, not far from the two-month high of 104.42 it touched on Friday. The index is set to end the month with a gain of 2.5%. A handful of hard-right Republi...
Dollar drifts as traders weigh rocky path for US debt ceiling deal
Dollar drifts as traders weigh rocky path for US debt ceiling deal
Source: Reuters
30/05/2023 11:26:27 AM
US Treasury extends debt default deadline to June 5 US Treasury Secretary Janet Yellen has extended the earliest date of default on governmental obligations from June 1 to June 5, leaving more time for the White House and congressional Republicans to hammer out a deal. "Based on the most recent available data, we now estimate that Treasury will have insufficient resources to satisfy the government's obligations if Congress has not raised or suspended the debt limit by June 5," said Yellen in an update letter to congressional l...
US Treasury extends debt default deadline to June 5
US Treasury extends debt default deadline to June 5
Source: IANS
27/05/2023 8:47:32 AM
Gold listless as debt ceiling talks show no progress Gold prices traded in a narrow range on Thursday as investors awaited further developments in the drawn-out debt ceiling negotiations, while a stronger dollar capped advances. Spot gold held steady at $1,957.49 per ounce by 0300 GMT. U.S. gold futures fell 0.3% to $1,958.60. The dollar index held firm close to the previous session's high, keeping a lid on gold prices. [USD/] Bullion has been attempting to recover from its previous sell-off, but a stronger dollar and higher U.S. T...
Gold listless as debt ceiling talks show no progress
Gold listless as debt ceiling talks show no progress
Source: Reuters
25/05/2023 9:59:36 AM
Gold set for biggest weekly fall since Feb on US debt deal hopes  Gold prices were on course for their biggest weekly drop in 3-1/2 months on Friday as hopes for a resolution in the U.S. debt ceiling negotiations and fading expectations of a rate cut by year-end took some shine off bullion. Spot gold was flat at $1,958.29 per ounce by 0231 GMT, and was set for a 2.6% weekly drop - its biggest since early February. U.S. gold futures were steady at $1,959.10. Markets see a positive end to the debt ceiling talks as recent commentary has been abo...
Gold set for biggest weekly fall since Feb on US debt deal hopes
Gold set for biggest weekly fall since Feb on US debt deal hopes
Source: Reuters
19/05/2023 8:49:51 AM
Yellen reiterates US could default on debt by early June In a letter to Congressional leaders, US Treasury Secretary Janet Yellen reiterated that the country could default on its debt obligations as early as June 1. The Department of Treasury will likely no longer be able to satisfy all of the governments' obligations if Congress has not acted to raise or suspend the debt limit by early June, and potentially as early as June 1, Yellen said in the letter sent on Monday. She made the assessment after obtaining additional information on the ...
Yellen reiterates US could default on debt by early June
Yellen reiterates US could default on debt by early June
Source: IANS
16/05/2023 10:43:55 AM
Dollar heavy amid U.S. default risks; Aussie, yuan slips on China data miss The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved. The Aussie dollar flipped from early small gains to a loss after economic data from key trading partner China fell short of analysts' forecasts, adding to evidence of a sputtering COVID recovery. The U.S. dollar index - which measures the currency against a basket of six major ...
Dollar heavy amid U.S. default risks; Aussie, yuan slips on China data miss
Dollar heavy amid U.S. default risks; Aussie, yuan slips on China data miss
Source: Reuters
16/05/2023 8:53:38 AM
Oil prices recover on short-covering, U.S. debt ceiling fears weigh Oil markets regained some ground in early Asian trade on Friday with traders engaged in short-covering ahead of the weekend, but uncertainties regarding the U.S. debt ceiling and renewed fears over a U.S. regional banking crisis capped gains. Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained 41 cents, or 0.6%, to $71.28. They recovered from losses of about 3%-4% over the past two sessions. For the week, both benchmarks were on track...
Oil prices recover on short-covering, U.S. debt ceiling fears weigh
Oil prices recover on short-covering, U.S. debt ceiling fears weigh
Source: Reuters
12/05/2023 8:59:39 AM
Asian stocks edge lower, dollar firm as US inflation data looms An index of Asian stocks eased back from more than two-week highs on Tuesday as traders squared positions heading into a key U.S. inflation report, although mainland Chinese shares and Japanese equities bucked the trend. The dollar ticked higher against major peers as U.S. yields remained elevated amid increased confidence that the banking sector is not headed for a wider crisis. MSCI's broadest index of Asia-Pacific shares outside Japan, though, slipped 0.3%, erasing part of Monday...
Asian stocks edge lower, dollar firm as US inflation data looms
Asian stocks edge lower, dollar firm as US inflation data looms
Source: Reuters
9/05/2023 9:13:45 AM
Indian-origin Ajay Banga becomes 14th President of World Bank Ajay Banga, an Indian-origin American, was on Wednesday selected as the President of the World Bank by its executive directors for a five-year term starting June 2. "The Board looks forward to working with Mr. Banga," the World Bank Board said in a statement. Banga was the nominee of President Joe Biden of the US, which has chosen every World Bank President in an unwritten agreement with Europe since 1944, according to which Europe gets to select the President of the Internati...
Indian-origin Ajay Banga becomes 14th President of World Bank
Indian-origin Ajay Banga becomes 14th President of World Bank
Source: IANS
4/05/2023 8:56:44 AM
US expects Biden`s nominee, Ajay Banga, to be elected as World Bank chief U.S. Treasury Secretary Janet Yellen on Wednesday said she expected the U.S. nominee to head the World Bank, former Mastercard CEO Ajay Banga, to be elected as president of the multilateral development bank. In testimony prepared for the State, Foreign Operations, and Related Programs subcommittee of the House Appropriations Committee, Yellen said Banga would be charged with helping evolve the institution to better address new challenges. "This evolution will help the Bank deliver ...
US expects Biden`s nominee, Ajay Banga, to be elected as World Bank chief
US expects Biden`s nominee, Ajay Banga, to be elected as World Bank chief
Source: Reuters
29/03/2023 3:49:24 PM
Gold prices dip as traders assess Fed rate-hike pause Gold prices slipped on Friday as the dollar edged higher, while investors assessed the U.S. central bank's hints at a potential pause in its rate-hike trajectory. Spot gold was down 0.4% at $1,986.40 per ounce at 0707 GMT, after two sessions of sharp gains. U.S. gold futures also fell 0.4% to $1,988.90. Non-yielding bullion, which becomes more attractive in a low-interest-rate environment, gained 2% after the Federal Reserve signalled it might pause further rate increases after the ...
Gold prices dip as traders assess Fed rate-hike pause
Gold prices dip as traders assess Fed rate-hike pause
Source: Reuters
24/03/2023 1:44:26 PM
Yellen tries to assuage investor fears as bank stocks slide U.S. Treasury Secretary Janet Yellen sought to reassure jittery investors that American bank deposits were safe and promised policymakers had more firepower to battle any crisis even as bank stocks resumed their slide on Thursday. Investors have dumped banking stocks globally over the past two weeks, with rapid interest rate hikes to rein in inflation blamed by some as the root cause of the debacle. U.S. bank stocks slid again on Thursday, pushing the S&P 500 banks index down to its lo...
Yellen tries to assuage investor fears as bank stocks slide
Yellen tries to assuage investor fears as bank stocks slide
Source: Reuters
24/03/2023 10:41:30 AM
Bank lifelines ease global financial crisis fears Multi-billion dollar lifelines for troubled U.S. and European banks shored up investor confidence on Friday and bolstered sentiment in battered stocks, although concerns now centre on whether a global financial crisis has been fully averted. Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. The package came...
Bank lifelines ease global financial crisis fears
Bank lifelines ease global financial crisis fears
Source: Reuters
17/03/2023 9:48:56 AM
Vinod Khosla, OpenAI CEO Sam Altman offer personal cash to help startups Ace venture capitalist Vinod Khosla and ChatGPT developer OpenAI's CEO Sam Altman have offered personal capital to help startups after the Silicon Valley Bank (SVB) collapse. Khosla said he is offering personal loans at borrowing cost to companies in the Khosla Ventures portfolio. "We are talking to 100+ portfolio companies assessing their critical needs and plan to bridge where we are a lead or major investor at our cost of borrowing only or under special circumstances where a...
Vinod Khosla, OpenAI CEO Sam Altman offer personal cash to help startups
Vinod Khosla, OpenAI CEO Sam Altman offer personal cash to help startups
Source: IANS
13/03/2023 11:22:39 AM
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank US Treasury Secretary Janet Yellen on Sunday said that the federal government will not provide a bailout for Silicon Valley Bank's investors after the bank was abruptly shuttered, but said financial regulators are "concerned" about the impact to depositors and working to address their needs, media reports said. "During the financial crisis, there were investors and owners of systemic large banks that were bailed out," Yellen said in an interview, CBS News reported. ...
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank
US Treasury Secretary Yellen rules out bailout for Silicon Valley Bank
Source: IANS
13/03/2023 8:58:42 AM
US bank SVB taken over in largest failure since 2008 US regulators have shut down Silicon Valley Bank (SVB) and taken control of its customer deposits in the largest failure of an American bank since 2008. The moves came as the firm, a key tech lender, was scrambling to raise money to plug a loss from the sale of assets affected by higher interest rates, BBC reported. Its troubles prompted a rush of customer withdrawals and sparked fears about the state of the banking sector. Officials said they acted to "protect insured depositor...
US bank SVB taken over in largest failure since 2008
US bank SVB taken over in largest failure since 2008
Source: IANS
11/03/2023 2:44:23 PM
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine U.S. Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financing support to Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance in coming weeks. Yellen, speaking at a news conference in India on the eve of the first anniversary of the Russian invasion, said it was critical for the International Monetary Fund to "move swiftly" towards a fully financed loan programme for Ukrai...
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine
Source: Reuters
23/02/2023 5:05:59 PM
India finance minister and U.S. Treasury's Yellen discuss debt, crypto  Indian Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen discussed strengthening multilateral development banks, global debt vulnerabilities and crypto assets on the sidelines of the G20 finance chiefs meeting on Thursday, the finance ministry said. Yellen is expected to brief reporters later in the day and take part in a meeting of Group of Seven (G7) nations on the sidelines of the G20 meet. India is hosting the first major G20 event under its year-lon...
India finance minister and U.S. Treasury's Yellen discuss debt, crypto
India finance minister and U.S. Treasury's Yellen discuss debt, crypto
Source: Reuters
23/02/2023 2:48:23 PM
Yellen to attend G20 finance ministers meet; will highlight Russia invasion fallout  US Treasury Secretary Janet Yellen is visiting India next week for the G20 finance ministers conference with a mission to hold Russia responsible for invading Ukraine and to work on mitigating its fallout, according to the Treasury Department. While she will be in Bengaluru for the meeting that runs from Wednesday to Saturday at the Nandi Hills resort, the Treasury Department said on Friday that she will also hold a roundtable with US and Indian tech executives and meet with Finance ...
Yellen to attend G20 finance ministers meet; will highlight Russia invasion fallout
Yellen to attend G20 finance ministers meet; will highlight Russia invasion fallout
Source: IANS
18/02/2023 12:40:02 PM
Gold firms as dollar inches lower; Powell's speech eyed Gold prices rose on Tuesday as the dollar pulled back slightly, with traders awaiting U.S. Federal Reserve Chair Jerome Powell's speech later in the day for hints about future rate hikes after last week's strong economic data. Spot gold was 0.4% higher at $1,874.34 per ounce, as of 0730 GMT, after hitting its lowest level since Jan. 6 in the previous session. U.S. gold futures rose 0.4% to $1,873.00. "Despite another round of upmove in the dollar and yields, the downside in...
Gold firms as dollar inches lower; Powell's speech eyed
Gold firms as dollar inches lower; Powell's speech eyed
Source: Reuters
7/02/2023 9:37:38 AM
Asian stocks rise on optimism ahead of central bank rate decisions Asian stock markets were buoyed on Tuesday by overnight optimism on Wall Street that the U.S. Federal Reserve and other central banks would ease off on the pace at which interest rates have been hiked to tackle the highest inflation levels in decades. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.17% while Japan's Nikkei and Seoul's KOSPI index were 0.32% and 0.01% higher respectively. Australian shares rose 0.34%. A key focus for traders was U.S. infla...
Asian stocks rise on optimism ahead of central bank rate decisions
Asian stocks rise on optimism ahead of central bank rate decisions
Source: Reuters
13/12/2022 8:59:36 AM
Marketmind: Hunkering down A look at the day ahead in European and global markets from Anshuman Daga Just as China faces a testing time over its dramatic COVID-19 policy pivot, financial markets are on full alert ahead of interest rate decisions coming out this week from the world's top central banks. Initial market enthusiasm over China's easing of its stringent "zero-COVID" measures has now switched to worries over a wave of infections likely disrupting the economy. European stock markets a...
Marketmind: Hunkering down
Marketmind: Hunkering down
Source: Reuters
12/12/2022 11:51:04 AM
Gold slips as dollar firms to kick start major data week Gold prices fell on Monday, dragged down by a firmer dollar, while investors readied for key U.S. inflation data and the Federal Reserve's rate-hike verdict due this week. Spot gold slipped 0.5% to $1,786.95 per ounce, as of 0510 GMT. U.S. gold futures were down 0.7% at $1,798.40. The dollar index rose 0.3%. A stronger greenback makes dollar-priced bullion more expensive for overseas buyers. "It's a big week for markets with U.S. inflation and Fed meeting... We'll se...
Gold slips as dollar firms to kick start major data week
Gold slips as dollar firms to kick start major data week
Source: Reuters
12/12/2022 9:12:05 AM
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies Oil prices rose more than 1% on Monday as a key pipeline supplying the United States remained shut while Russian President Vladimir Putin threatened to cut production in retaliation for a Western price cap on its exports. Brent crude futures were up 46 cents, or 0.6%, at $76.56 a barrel by 0500 GMT. U.S. West Texas Intermediate crude was at $71.59 a barrel, up 57 cents, or 0.8%. The price gains on Monday for Brent and WTI follow declines in both grades last week to their lowest since De...
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies
Oil gains on uncertainty over U.S. pipeline restart, Russian supplies
Source: Reuters
12/12/2022 8:50:05 AM
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike. But keeping Russian oil on the market and global prices low soon became the bigger priority as oil prices jumped, people familiar with the mechanism's evolution and energy analysts said. The $60-per-barrel price limit on seaborne crude imposed by ...
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor
Analysis-G7 Russian oil price cap evolves from revenue squeeze to market anchor
Source: Reuters
7/12/2022 9:46:20 AM
Exclusive-India can buy as much Russian oil as it wants, outside price cap, Yellen says The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap, U.S. Treasury Secretary Janet Yellen said on Friday. The cap would still drive global oil prices lower while curbing Russia's revenues, Yellen said in an interview with Reuters on the sidelines of a conference on deepening U.S.-Indian economic ties. Ru...
Exclusive-India can buy as much Russian oil as it wants, outside price cap, Yellen says
Exclusive-India can buy as much Russian oil as it wants, outside price cap, Yellen says
Source: Reuters
12/11/2022 4:10:23 PM
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment  Finance Minister Nirmala Sitharaman on Friday said that the India-US relations have developed into a global strategic partnership through 50+ bilateral dialogue mechanisms, and their cooperation is broad-based and multi-sectoral. "The strength of the India-US relationship lies in mutual understanding of each one's necessities and respecting the differences," she said while addressing the India US Business and Economic Opportunities Session Event on the sidelines of the ...
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment
India-US relations are multi-sectoral, says FM Nirmala Sitharaman; seeks greater investment
Source: IANS
12/11/2022 10:06:51 AM
India will continue to seek US support to address global challenges, says Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday said that India will continue to rely on the US to address global economic challenges. She made these comments in her opening remarks ahead of the 9th meeting of the India-US Economic Financial Partnership with US treasury secretary Janet Yellen. "We'll continue to rely on the close cooperation of the US to address the global economic challenges, in a more coordinated manner and in strengthening multilateralism," the Finance Mi...
India will continue to seek US support to address global challenges, says Finance Minister Nirmala Sitharaman
India will continue to seek US support to address global challenges, says Finance Minister Nirmala Sitharaman
Source: IANS
11/11/2022 5:33:17 PM
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary Visiting US Treasury Secretary Janet Yellen on Friday said her country is using a tactic called "friendshoring" to minimise supply chain vulnerabilities, in an era where certain countries are using trade as a geopolitical weapon. Yellen explained this approach in her address at the Microsoft's office in Noida, where she met several tech leaders. "Let me explain an approach that the United States is taking to minimise supply chainvulnerabilities. It's called friend...
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary
`Friendshoring` helping US minimise supply chain vulnerabilities: US Treasury Secretary
Source: IANS
11/11/2022 3:27:57 PM
`Debt distress, climate action to be main challenges for India as G20 President` Visiting US Treasury Secretary Janet Yellen on Friday said that India is assuming the G20 presidency at an "uncertain time for the global economy" and that addressing debt distress, promoting climate action, evolving the multilateral development banks as well as embracing and shaping the changing economy would be the main challenges the country will face. "In three weeks, India will assume the helm of the G20 at an uncertain time for the global economy. We look forward to su...
`Debt distress, climate action to be main challenges for India as G20 President`
`Debt distress, climate action to be main challenges for India as G20 President`
Source: IANS
11/11/2022 3:17:24 PM
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen US Treasury Secretary Janet Yellen on Friday described the timing of her visit to India at "a pivotal moment for the global economy" when the world is dealing with lingering effects of the Covid-19 pandemic and spillovers from Russian President Vladimir Putin's "barbaric war" in Ukraine. Speaking after visiting the Microsoft campus in Noida, Yellen said: "We are dealing with a confluence of headwinds. The lingering effects of the pandemic, spillovers from Putin...
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Visiting India at a pivotal moment for global economy: US Treasury Secretary Janet Yellen
Source: IANS
11/11/2022 1:40:55 PM
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit Janet Yellen embarks on her first trip to India as U.S. Treasury Secretary on Tuesday, focusing more on the similarities of the world's two largest democracies and opportunities for deeper ties than on past trade and geopolitical spats. Yellen is not expected to dwell on India's failure to condemn Russia's war in Ukraine, nor on India's massive increase in purchases of discounted Russian oil this year. A Treasury official said the United States was not seeking to dissuad...
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Janet Yellen heads to India to draw surging economic power closer to U.S. orbit
Source: Reuters
8/11/2022 5:02:03 PM
Wall St rallies, Treasury yields dip on hopes of easing Fed policy Wall Street closed sharply higher and benchmark Treasury yields hit pause on Friday following signals that the Federal Reserve might consider less aggressive inflation-curbing tactics after November. All three major U.S. stock surged more than 2%, and notched their biggest Friday-to-Friday percentage gains since June, closing the book on a week marked by mixed earnings, soft economic data and political turmoil in Britain. The rally gained momentum after U.S. Treasury Secretary Janet Yel...
Wall St rallies, Treasury yields dip on hopes of easing Fed policy
Wall St rallies, Treasury yields dip on hopes of easing Fed policy
Source: Reuters
22/10/2022 12:03:08 PM
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India  Union Finance Minister Nirmala Sitharaman met US Treasury Secretary Janet Yellen in Washington D.C., during which she invited the latter to visit India next month. During their meeting on Tuesday, Sitharaman and Yellen discussed current global macroeconomic situation among other issues of mutual interest, the Finance Ministry said in a tweet. "The two Ministers also discussed various issues of significance with a view towards India's upcoming G20 Presidency," it said...
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India
FM Nirmala Sitharaman meets US Treasury Secy Janet Yellen, invites her to India
Source: IANS
12/10/2022 10:19:58 AM
Yellen says Russia offering 'enormous discounts' on oil to China, India A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said on Thursday, noting that Russia was now offering China and India "enormous discounts" while looking for other outlets for its oil. In December, Europe would halt the bulk of its purchases of 3 million barrels per day, putting additional pressure on Russia to find new buyers for its oil, Yellen told a conference hosted by The Atlantic magazine. Europe was facing ...
Yellen says Russia offering 'enormous discounts' on oil to China, India
Yellen says Russia offering 'enormous discounts' on oil to China, India
Source: Reuters
23/09/2022 8:54:12 AM
Stock rally fizzles, dollar retreats as U.S. jobs glow fade A rally in world stocks flagged on Friday, while the U.S. dollar retreated from a 24-year high on the yen, after data that showed the U.S. labor market is starting to loosen failed to allay investor fears about aggressive interest rate hikes from the Federal Reserve. News that Russia has scrapped a Saturday deadline to resume flows via a major gas supply route to Germany, deepening Europe's difficulties in securing winter fuel, further soured sentiment in the United States ahead of the...
Stock rally fizzles, dollar retreats as U.S. jobs glow fade
Stock rally fizzles, dollar retreats as U.S. jobs glow fade
Source: Reuters
3/09/2022 9:23:57 AM
Yellen: U.S. talks with India on price cap on Russian oil `encouraging` U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine. Yellen, who arrived in Seoul on Monday evening, told Reuters in an interview en route to the South Korean capital that she was feeling generally positive about the initiative. “We’ll see where they come out. The conversations I’ve...
Yellen: U.S. talks with India on price cap on Russian oil `encouraging`
Yellen: U.S. talks with India on price cap on Russian oil `encouraging`
Source: IANS
18/07/2022 3:17:48 PM