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US regulators to unveil plan to build cash reserves for banks-thumnail

US regulators to unveil plan to build cash reserves for banks

Regulators in the United States are preparing to draft a rule that will likely dramatically increase the capital requirements for larger banks, requiring them to reduce expenses and hold onto profits in an effort to protect against future losses that would affect clients and investors.

Finance

Jul 27, 2023

Insider trading charges are filed against British billionaire Joe Lewis by US-thumnail

Insider trading charges are filed against British billionaire Joe Lewis by US

The 86-year-old owner of the football team Tottenham Hotspur is accused of disclosing private information to his staff members and love interests, enabling them to negotiate deals worth millions of

Business

Jul 26, 2023

A rise in US yields may cause the Indian rupee to struggle before the Fed’s decision-thumnail

A rise in US yields may cause the Indian rupee to struggle before the Fed’s decision

On Wednesday, the Indian rupee may depreciate a little as a result of the rise in U.S. yields due to the potential for a hawkish Federal Reserve decision.

Economy

Jul 26, 2023

Asian Markets Trade Weaker Ahead of Expected Fed Rate Hike and China’s Stimulus Details-thumnail

Asian Markets Trade Weaker Ahead of Expected Fed Rate Hike and China’s Stimulus Details

Asian markets experienced a mostly weaker trading session on Wednesday as investors awaited the U.S. Federal Reserve’s decision on interest rates later in the day and sought clarity on China’s economic stimulus package.

Business

Jul 26, 2023

Australian Inflation Slows, Easing Pressure for Interest Rate Hike-thumnail

Australian Inflation Slows, Easing Pressure for Interest Rate Hike

The Australian economy witnessed a slowdown in Australian inflation during the second quarter, largely attributed to decreased costs of domestic holidays and petrol.

Economy

Jul 26, 2023

Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase-thumnail

Results for L&T’s first quarter: Potential 25% YoY increase in net profit to $2,130 crore; possible share repurchase

On Tuesday, July 25, the infrastructure juggernaut Larsen & Toubro (L&T) is scheduled to release Q1 earnings. On the strength of a large order book, the firm is anticipated to

Business

Jul 25, 2023

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis-thumnail

Argentina Nears Staff Level Agreement with IMF Amidst Financial Crisis

In the midst of a severe financial crisis, Argentina is on the verge of finalizing a staff-level agreement with the International Monetary Fund (IMF) over a review of the country’s $44 billion loan with the institution.

Economy

Jul 24, 2023

US junk loan market hits by flurry of credit downgrades-thumnail

US junk loan market hits by flurry of credit downgrades

As rising borrowing costs put pressure on companies who are heavily indebted with floating-rate debt, the $1.4 trillion hazardous corporate loan market in America has been rocked by the largest

Finance

Jul 24, 2023

US plans water heater standards that will save consumers $11 billion-thumnail

US plans water heater standards that will save consumers $11 billion

The U.S. Department of Energy proposed energy efficiency guidelines for water heaters on Friday, claiming that doing so would result in yearly consumer savings of $11.4 billion on energy and

Business

Jul 22, 2023

Russia’s Central Bank Surprises with Significant Interest Rate Hike Amid Inflation Pressure-thumnail

Russia’s Central Bank Surprises with Significant Interest Rate Hike Amid Inflation Pressure

In a surprising move, the Central Bank of Russia hiked its key interest rate by 100 basis points to 8.5% on Friday, a decision aimed at curbing inflationary pressures in

Economy

Jul 22, 2023

American Air Offers to Increase Pilot Deal by $1 Billion-thumnail

American Air Offers to Increase Pilot Deal by $1 Billion

American Airlines Group Inc. has boosted the amount of the contract offer it is making to its pilots by more than $1 billion in an effort to win their approval

Business

Jul 22, 2023

Go Airlines (India) Ltd Faces 240 Billion Rupee ($2.9 Billion) Claims Amid Ongoing Insolvency-thumnail

Go Airlines (India) Ltd Faces 240 Billion Rupee ($2.9 Billion) Claims Amid Ongoing Insolvency

Go Airlines (India) Ltd, the parent company of Go First carrier, has been dealing with a challenging situation as it faces insolvency. The airline recently received claims amounting to 240

Finance

Jul 22, 2023


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