SBI likely to begin issuance of Rs 10,000-cr rupee bonds soon

SBI likely to begin issuance of Rs 10,000-cr rupee bonds soon

Mumbai: State Bank of India (SBI) is likely to kick off rupee bond issuances for the current financial year towards the end of this month or early next month with a sale of additional tier-1 bonds, sources aware of the development said The bond sale could be for up to ₹10,000 crore, with a base … Read more

Nigeria reissues old banknote as cash fiasco threatens to disrupt election | CNN Business

Nigeria reissues old banknote as cash fiasco threatens to disrupt election | CNN Business

Abuja, Nigeria CNN  —  President Muhammadu Buhari on Thursday directed Nigeria’s central bank to reissue old 200-naira ($0.43) banknotes withdrawn just days ago as concerns grow that the botched introduction of new money could disrupt general elections later this month. Violent protests have erupted in recent weeks as millions of people struggled to get their … Read more

Australia’s central bank signals more tightening ahead after hiking rates to decade high | CNN Business

Australia’s central bank signals more tightening ahead after hiking rates to decade high | CNN Business

Sydney Reuters  —  Australia’s central bank raised its cash rate by 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, in a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia (RBA) also dropped previous guidance … Read more

Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year

Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year

The year 2022 had seen the indices scaling the highest record as well as volatility as the central banks of many economies raised their key policy rates in order to control the rising inflation in their respective countries. The Reserve Bank of India is also slowly hiking key policy rates to rein in inflation in … Read more

Digital Currency: Potential and challenges

Digital Currency: Potential and challenges

India is among a handful of nations to have launched the Central Bank Digital Currency (CBDC). There are some risks, primarily cyber risks, associated with CBDC, although its introduction seeks to make business transactions easier. ET takes a look at the use cases and challenges CBDC could bring. WHAT IS CBDC?CBDC is a digital form … Read more

Bank of England sets biggest rate hike in 33 years and warns of a long recession | CNN Business

Bank of England sets biggest rate hike in 33 years and warns of a long recession | CNN Business

London CNN Business  —  The Bank of England raised interest rates by three quarters of a percentage point on Thursday, the biggest hike in 33 years, as it tries to contain soaring inflation even as the UK economy slides towards a recession that could last two years. The central bank made its eighth interest rate … Read more

The econ Nobel offers a timely warning about central banks’ power | CNN Business

The econ Nobel offers a timely warning about central banks’ power | CNN Business

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business  —  The Nobel in economics is sort of the step-cousin of the Nobel family. It came about nearly 70 years after its literature and sciences counterparts, in 1969, and is technically … Read more

The UK is gripped by an economic crisis of its own making | CNN Business

The UK is gripped by an economic crisis of its own making | CNN Business

London CNN Business  —  A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn’t know the scale of the storm that was about to break. Less than 24 hours later, the government of new UK … Read more

Why inflation may become a non-issue for investors by March 2023

Why inflation may become a non-issue for investors by March 2023

For several decades, the world took inflation for granted. That’s because inflation has been under control in the last 40 years, providing great comfort to central banks worldwide. How It All Snowballed: In A Nutshell Several factors helped keep inflation down for four decades. Chief among them was due to global integration. Developed economies began … Read more

Value buys or falling knives? Traders need caution & investors may shop

Value buys or falling knives? Traders need caution & investors may shop

Mumbai: Is the recent stock market sell-off a good time to buy winners for the future? That’s the question investors are asking their investment advisors as they grapple with uncertainties such as the ongoing Russia-Ukraine conflict and large central banks‘ liquidity withdrawal plan. For traders, buying now without clarity on when the war would end … Read more