Jerome Powell signals Fed to keep buying bonds even as outlook improves

By Rich Miller Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged U.S. economy even as he voiced expectations for a return to more normal, improved activity later this year. “The economy is a long way from our employment and inflation goals, … Read more

More pain awaits market: Sensex may fall 3-4% further, fear D-St analysts

Profit booking and global cues may keep the domestic equity market under pressure despite Sensex registering over a 1,000-points fall on Thursday, breaking its 10-day gaining streak. Fundamental and technical analysts both see scope for further correction in the market going ahead. Gaurav Dua, SVP, Head Capital Market Strategy and Investments, Sharekhan by BNP Paribas … Read more

Gold prices today slip marginally but hold above Rs 50,500

NEW DELHI: Gold and silver prices were trading mixed on Tuesday as improvement in Donald Trump’s health put pressure on bullion but a lingering economic crisis kept the mood upbeat. US President Donald Trump returned to the White House on Monday after a three-night hospital stay where he was being treated for COVID-19. Gold futures … Read more

Gold prices today slip further on strong dollar, US stimulus plans

NEW DELHI: Gold and silver prices continued their decline on Thursday, following the trend in the international market, as US lawmakers prepared to come out with a massive stimulus plan while the dollar continued to gain strength. As much as $380 billion from the US Congress’ last big coronavirus aid package is unused and could … Read more

Gold set for worst week in over a month on dollar strength

Gold inched lower on Friday, pressured by a firm dollar, and was on track for its worst week in over a month, although renewed hopes of more U.S. stimulus measures limited the decline. FUNDAMENTALS Spot gold fell 0.2% to $1,864.47 per ounce by 0113 GMT. Prices are down 4.4% so far for the week. US … Read more

Fed to weigh near zero rates through 2023: Decision day guide

By Steve Matthews and Emily Barrett Federal Reserve officials, who recently unveiled a more relaxed strategy on inflation, have an opportunity Wednesday to back up the plan with details as they look to accelerate the US economic recovery. The Federal Open Market Committee is all but certain to keep its benchmark overnight rate in a … Read more

Fed minutes show FOMC backs away from September guidance shift

By Christopher Condon, Matthew Boesler and Craig Torres US central bankers appeared to back off from an earlier readiness to clarify their guidance on the future path of interest rates when they met in July. “With regard to the outlook for monetary policy beyond this meeting, a number of participants noted that providing greater clarity … Read more

View: Delhi’s dynamic Southern Indian Ocean strategy consolidates outreach in a big way

NEW DELHI: India is infusing new dynamism to its policy to expand its footprints in its Southern Indian Ocean neighbourhood with a slew of infrastructure, development and capacity building projects besides providing financial support and more recently Covid-related medical help. In the last one and a half years India-Maldives relationship has been revitalized. During this … Read more

ICICI Bank Q1 takeaways: Huge Covid provisions, lower credit growth & more

NEW DELHI: In spite of a Rs 3,000 odd crore one-off treasury gain, ICICI Bank’s June quarter earnings missed Dalal Street estimates by a wide margin, as the bank chose to utilise the funds raised from stake sales in ICICI Prudential and ICICI Lombard to create higher-than-expected Covid 19-related provisions. The bank said the provisions … Read more

Stocks generate big gains and bigger questions

By Conrad de Aenlle Consider this opportunity: You can invest in a stock market that is greatly overvalued now but that could be only slightly overvalued next year if a lot of good things happen — during a time when a lot of bad things are happening. Are you in? This isn’t a thought experiment. … Read more