Sunil Sahil
According to a finance ministry official, the rupee’s decline to below 83 to the US dollar is not unusual, and currency rate fluctuations are not unique to the Indian rupee. He expressed the hope that the RBI’s measures to control inflation will take exchange rate volatility into account. On Thursday, the rupee reached an all-time … Read more
One of the most prestigious industrial brands in the US economy might soon be swallowed by the sector. This week, US Steel (X) disclosed that the business is considering “strategic alternatives” in response to “multiple unsolicited offers,” including a $7.3 billion offer from Cleveland-Cliffs (CLF), a rival that it turned down. In addition, US Steel … Read more
Welcome to Finance Redefined, a weekly newsletter bringing you the most important developments from the previous week in decentralised finance (DeFi). The DeFi protocol has told the victims of the attack that it is evaluating each impacted user for reimbursement more than two weeks following Curve Finance’s various pool exploits. This comes after the exploiter … Read more
Pan JingPosted on Friday, August 18, 2023 at 11:38 PM GMT+5:30 Read 4 minutesThe United States dollar has been the world’s main reserve currency for many years. But this enduring supremacy, according to Lynette Zang, chief market analyst for ITM Trading, is in jeopardy. She recently told Stansberry Research that “the days of the dollar … Read more
According to Wermuth Asset Management, the potential of falling stock and real estate prices might cause disinflation in the US to eventually convert into deflation. Commercial property values are already under pressure, and an overheated stock market might experience a quick fall if things get bad. According to the business, a sharp decline in the … Read more
Robert NewmanThe Senior Columnist, Rick NewmanTuesday, August 15, 2023 at 10:10 PM GMT+5:30 minus six minutes readThe 2023 debt ceiling impasse has been resolved. However, the results are not. Every debt limit confrontation may seem to follow a similar pattern, with things returning to normal when the pointless drama is gone. The main conflict: Congress … Read more
Sebastian Mullins of Schroder Investment Management thinks that, despite the recent run of encouraging news, there are signs of deterioration in the US economy. While searching for a point of entry to purchase longer-maturity Treasuries, he is snatching up bonds from Australia and Europe. “Because items are more expensive and consumers are spending more, you … Read more
The Nasdaq 100 experienced its worst three-day decline since February, dropping 3.2%. After the minutes from the most recent meeting revealed authorities were considering tighter policy, investors began to lose faith that the Federal Reserve was done rising interest rates. Within a few basis points of its highs in 2022, the 10-year Treasury yield increased … Read more
SINGAPORE/SHANGHAI (Reuters) – On Wednesday, investors predicted that China’s central bank will loosen monetary policy further after a surprise rate cut, even though it would put the yuan under pressure. As a result, yield differentials between China and the U.S. increased to their largest level in 16 years. On Tuesday, the People’s Bank of China … Read more
The problems with China’s real estate are getting worse. Prospective homeowners are delaying purchases, which is causing lacklustre sales and highlighting the urgent need for politicians to provide industry assistance. Following double-digit increases earlier in the year, new house sales for the top 100 developers decreased by nearly a third in June and July from … Read more
