The rupee Friday plunged 37 paise to 74.89 against the dollar as a massive sell-off in equities, amid worries over a new variant of Covid and capital outflows, hit the forex market sentiment. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.34 per cent down at 96.44. […]
Asian markets led the way, with Hong Kong’s Hang Seng Index (HSI) dropping 2.7%, while Japan’s Nikkei 225 (N225) was down 2.5%. European markets also sold off heavily, with major indexes including the FTSE100, France’s CAC40 (CAC40) and Germany’s DAX (DAX) falling between 3% and 4%.US markets, which were closed Thursday for Thanksgiving, were also […]
A share prices board in Tokyo today Photograph: Yoshio Tsunoda/AFLO/REX/Shutterstock Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Financial markets have been rattled by the emergence of the worst Covid-19 variant yet identified. Stocks have fallen sharply in Asia-Pacific markets, the oil price has […]
Australian retail sales surge in Oct as economy revives | WTVB | 1590 AM · 95.5 FM | The Voice of Branch County […]
There’s plenty of cause for concern on social, political and health issues. Covid-19 cases are up in most states, signaling yet again that the virus is here to stay. A series of court cases proved the national reckoning on issues of race is as complicated and unsolvable as ever. And looming behind every story on […]
The dollar slipped on Thursday but was still close to its highest since July 2020 against the euro, having strengthened due to market expectations that the U.S. Federal Reserve will raise rates sooner than other major central banks. Minutes from the Fed’s Nov. 2-3 meeting boosted the dollar on Wednesday as they indicated the […]
In economic data released Wednesday, Americans are shown to be spending even as inflation rises, and applying for unemployment benefits at the lowest rate in decades, but experts are still concerned, according to The Associated Press. The Commerce Department reported U.S. consumer spending rose by 1.3 percent in October, doubling the 0.6 percent gain from […]
The prophecy should come true, but I will not explain it. Then in due time it will be remembered and recovered. He who has ears to hear, let him hear. –F. M. Dostoevsky In November 2021, the world celebrates the 200th anniversary of the birth of the great Russian writer Fyodor Mikhailovich Dostoevsky. For me, […]
BERLIN—Germany’s Olaf Scholz is on course to succeed Angela Merkel as chancellor after the victors of the September election reached a policy agreement focused on overhauling the country’s economy, investing in infrastructure and combating climate change, the negotiators said Wednesday. Under the policy program—which Mr. Scholz’s center-left Social Democrats, the environmentalist Greens and the pro-business […]
Alternative data specialist QuantCube has today launched four new real-time economic indicators, which use intelligence gathered from European Space Agency (ESA) global satellite data to track environmental change. These new indicators include: The urban growth index – measuring development in cities and urban areas over time; The NO2 pollution index – tracking […]
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