Mortgage Rates in the US Slip for a Fourth Week, Hitting 6.09%
(Bloomberg) -- Mortgage rates in the US fell for a fourth straight week.The average for a 30-year, fixed loan was 6.09%, down from 6.13% last week, Freddie Mac (OTC:FMCC) said in a...
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WATCH LIVE: ECB President Christine Lagarde holds press conference
Investing.com -- European Central Bank President Christine Lagarde answers reporters' questions following the bank's decision on interest rates. -- Feb. 2, 2023 {{yt-NHCLe3IEiXc| ...
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ECB hikes interest rates by 50 basis points
By Scott Kanowsky Investing.com -- The European Central Bank raised interest rates by another 50 basis points on Thursday, as policymakers remain focused on corralling elevated inflation...
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Bank of England raises key rate by 50 bps to 4%; suggests peak rates by mid-year
By Geoffrey Smith Investing.com -- The Bank of England raised its key interest rate by another 50 basis points on Thursday, warning that its battle against inflation still isn’t over, but...
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Adani Stocks’ Kitty Erodes by $100 Bn As Deadly Rout Enters 6th Day
By Malvika Gurung Investing.com -- The incessant rout in Adani Group stocks continued for the sixth consecutive session on Thursday, with the market capitalization of all the listed...
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Tamil political parties MNM, NTK, MMDK disappointed with Union Budget
Chennai, Feb 2 (IANS) Makkal Needhi Maiam (MNM) leader and superstar Kamal Haasan has said that the budget presented by Union Minister Nirmala Sitharaman was a "disappointment" as there is...
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Politicians need to focus on economics not politics: KTR
Hyderabad, Feb 2 (IANS) Telangana's minister for industries, commerce and information technology K.T. Rama Rao on Thursday called for politicians to focus on economics rather than on...
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Increased allocation of Rs 10L cr to boost logistics & connectivity, says road safety body
New Delhi, Feb 2 (IANS) Road safety body International Road Federation (IRF) has said that the increased allocation of Rs 10 lakh crore as capital expenditure in the Union Budget for the...
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Living costs increase for all New Zealand household groups
Wellington, Feb 2 (IANS) Soaring prices continued to affect all household groups in New Zealand in the 12 months to December 2022, the country's statistics department said on Thursday. The...
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Inflation in Pakistan at 48-yr high
Islamabad, Feb 2 (IANS) While mired in a terrible economic crisis, Pakistans inflation created a new record in January and reached the highest level after 1975, mainly due to supply...
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Citigroup Wealth Arm Stops Accepting Adani Securities, LTV Ratio Cut to 0
By Malvika Gurung Investing.com -- In the most recent development around Adani Group’s ongoing crisis, the American multinational investment bank Citigroup 's (NYSE:C) wealth unit...
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Budget seeks to maintain balance between growth & deficit: Fitch Ratings
Chennai, Feb 2 (IANS) The Indian Budget for 2023-24 presented by Finance Minister Nirmala Sitharaman in Parliament seeks to maintain a balance of sustaining a growth focus and deficit...
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WATCH LIVE: Fed Chair Jerome Powell Holds Press Conference
Investing.com -- Federal Reserve Chairman Jerome Powell answers reporters' questions following the FOMC's decision on interest rates. -- Feb. 1,...
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Fed hikes by 0.25% in further downshift on tightening, but sees more hikes ahead
By Yasin Ebrahim Investing.com -- The Federal Reserve raised interest rates by 0.25% on Wednesday, pushing monetary policy further into restrictive territory as the central bank looks...
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Smallest US Firms Are Shedding Workers Fast as Economy Cools
(Bloomberg) -- The smallest American businesses are cutting jobs and struggling to meet financial commitments like rent payments, a sign that they’re feeling the squeeze more than most as...
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Custom Duty on Cigarettes Hiked in Budget 2023: Market Reaction in Focus
By Malvika Gurung Investing.com -- While the customs duties on items like select electronic components, shrimp feed and seeds used in the manufacture of lab-grown diamonds have been slashed,...
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Govt Slashes Customs Duty on Phone, TV Parts in Budget 2023: Why, Reaction?
By Malvika Gurung Investing.com -- In her fifth Union Budget presentation on Wednesday, finance minister Nirmala Sitharaman announced to reduce customs duty on the import of certain...
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‘Excellent Budget for Difficult Time’, ‘A 10 on 10 Budget’: Budget 2023 Reactions
By Malvika Gurung Investing.com -- Finance Minister Nirmala Sitharaman presented her fifth consecutive budget session on Wednesday, which was around a 1.5-hour-long speech, in which she...
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Budget thinks of the last person in society: Devendra Fadnavis
Mumbai, Feb 1 (IANS) Applauding the Union Budget 2023-2024 presented by Union Finance Minister Nirmal Sitharaman on Wednesday, Maharashtra Deputy Chief Minister Devendra Fadnavis said it is...
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Budget balanced, likely to boost demand in housing sector: Realty industry
New Delhi, Feb 1 (IANS) The realty industry on Wednesday termed the Union Budget 2023-24 as balanced which is likely to boost demand in the housing sector. The enhanced allocation for the...
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FTCCI hails Union Budget as growth-oriented
Hyderabad, Feb 1 (IANS) Federation of Telangana Chambers of Commerce and Industry (FTCCI) has hailed the Union Budget 2023-24 as a growth-oriented budget and termed it "very good if not...
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Budget cuts MGNREGA allocation by 30% to Rs 61,032 crore for 2023-24
New Delhi, Feb 1 (IANS) The government has slashed the budgetary allocation for rural job guarantee scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) by 30 per...
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Govt to launch Atmanirbhar Clean Plant Programme with outlay of Rs 2,200 cr
New Delhi, Feb 1 (IANS) Union Finance Minister Nirmala Sitharaman on Wednesday announced to launch Atmanirbhar Clean Plant Programme with an outlay of Rs 2,200 crore to boost availability of...
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KYC norms to be simplified, PAN to become common identifier
New Delhi, Feb 1 (IANS) For investors to reclaim unclaimed shares and unpaid dividends from the Investor Education and Protection Fund Authority with ease, an integrated IT portal is...
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Economic growth to slide to 7% in 2022-23 against 8.7% in 2021-22: Fiscal policy statement
New Delhi, Feb 1 (IANS) Economic growth is expected to slide in the current fiscal, even as India is among the bright spots in the prevailing global scenario marred by fluid geopolitical...
