South Korea’s Central Bank Vows to Stabilize Markets Amid Political Turmoil
South Korea’s central bank vowed to stabilize financial markets and highlighted the importance of “uninterrupted implementation” of key fiscal and economic measures, in its first statement since lawmakers voted to…
Lula Names Three Brazil Central Bank Directors as Key Rate Rises
(Bloomberg) — Brazil President Luiz Inacio Lula da Silva nominated three new central bank board members on Friday as investors pressure for more aggressive interest rate hikes to cool the…
RBI to take on Google, Microsoft with its first-ever cloud platform: Report
The Reserve Bank of India (RBI) plans to launch an affordable, local cloud data storage pilot programme in 2025, for financial firms, Reuters reported, citing two sources. This is a…
RBI invites applications for deputy governor post with Michael Patra set to step down in Jan
Mumbai: Michael Patra, deputy governor of the Reserve Bank of India in charge of monetary policy, is set to step down once his term ends in January 2025. In an…
A $500 Billion Pile of Household Debt Weighs on New Thai Leader
(Bloomberg) — Thailand’s 38-year-old prime minister is working on a plan to alleviate the economic drag from a household debt bill topping $500 billion — a figure that has ballooned…
Stock market today: Nifty 50, Sensex close flat amid volatility; IT stocks show resilience
The Indian market ended flat in Tuesday’s trade as investors struggled to find direction amidst mixed global cues and uncertain economic indicators. Despite some stocks experiencing minor gains, overall market…