Page 6 - Us Federal Agency

Softer core inflation data drives India 10-year bond yield to 4-month low

U.S. yields eased last week after December producer prices data fell unexpectedly, raising bets of an early interest rate cut by the Federal Reserve

Rupee appreciates 18 paise to 82.77 against US dollar in early trade

The rupee appreciated 18 paise to 82.77 against the US dollar in early trade on Monday, supported by bullish domestic equities wherein domestic indices touched record highs. At the interbank foreign exchange, the domestic currency opened at 82.82 and touched 82.77 against the greenback in initial trade, registering a rise of 18 paise from its previous close. On Friday, the rupee strengthened for the eighth consecutive session to settle with a gain of 6 paise to 82.95 against the US dollar. The inflows are expected to continue and will the keep the pair of USDINR on the downside as a major support at 82.80 comes up. "Keep a close watch on what the Reserve Bank of India does during the day," Anil Kumar Bhansali, the Head of Treasury and Executive Director Finrex Treasury Advisors LLP, said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 102.35. Global oil benchmark Brent crude was at USD 78.54 per barrel. "Monday's US

China's exports rise, but deflation persists as economy enters 2024

Analysts also anticipate that interest rates will drop at least 1.5 percentage points in the United States and Europe this year, which should improve demand for imported goods

At $617 bn, India's foreign exchange reserves slip from near 22-month highs

The reserves witnessed the steepest decline in nearly five months, falling $5.9 billion for the reported week, following a cumulative increase of $32.9 billion in the preceding seven weeks

Cen banks to intervene more in bond mkt; regulation needs review: ICMA

The report is based on the biggest government bond markets in Europe

Dip in US inflation expectations keeps Dollar steady, bitcoin holds gains

A reading on U.S. inflation is due later in the week, which will likely provide further clarity on how much room the Fed has to ease rates this year

2022 federal elections in US not tainted by foreign interference: Report

Foreign hackers did not change vote totals or otherwise compromise the integrity of federal elections last year in the United States, according to a declassified US government report made public on Monday. The report does identify multiple instances in which hackers linked to Iran, China and Russia connected to election infrastructure, scanned state government websites and copied voter information. But it says there is no evidence that any of the cyber activity had any impact on the election or on the vote totals. We have no evidence that any detected activity prevented voting, changed votes, or disrupted the ability to tally votes or to transmit election results in a timely manner; altered any technical aspect of the voting process; or otherwise compromised the integrity of voter registration information or any ballots cast during 2022 federal elections, the report says. The report, a joint document prepared by the Justice Department and the Department of Homeland Security, ...

Banks, Indian companies set to raise Rs 13,700 cr through bond market

HDFC Bank, Shriram Finance, Tata Projects to raise funds

Amazon, Tripadvisor partner to battle fake reviews, FTC seeks to ban them

Some of the most used platforms for travel and online shopping said Tuesday they're going to team up to battle fake reviews. Amazon, reviews site Glassdoor and Trustpilot as well as travel companies Expedia Group, Booking.com and Tripadvisor said in an announcement they're launching a coalition that aims to protect access to trustworthy consumer reviews" worldwide. The companies said the members of the group, which will be called Coalition for Trusted Reviews, will look for best practices for hosting online reviews and share methods on how to detect fake ones. That will include developing standards for what constitutes a fake review and sharing information about how bad actors operate. Phony reviews have long plagued online marketplaces despite their efforts to eradicate it. Much of the problem is fueled by brokers who solicit fake customer reviews through social media platforms, encrypted messaging apps and other channels in exchange for money, free items or other benefits. Broke

Dollar edges higher after inflation data reinforces expectations on Fed

"Traders didn't really believe in the hot PPI for September until CPI yesterday reinforced it," Helen Given, FX Trader at Monex USA, said

Fed policymakers flag high rates for 'some time' while risks shift

In forecasts issued last month, 12 of 19 officials projected one more hike this year, while the median estimate showed they expected fewer rate cuts in 2024 and 2025

On the brink of govt shutdown, US Senate tries to approve funding

The US is on the brink of a federal government shutdown after hard-right Republicans in Congress rejected a longshot effort to keep offices open as they fight for steep spending cuts and strict border security measures that Democrats and the White House say are too extreme. Come midnight Saturday with no deal in place, federal workers will face furloughs, more than 2 million active duty and reserve military troops will work without pay and programs and services that Americans rely on from coast to coast will begin to face shutdown disruptions. The Senate will be in for a rare Saturday session to advance its own bipartisan package that is supported by Democrats and Republicans and would fund the government for the short-term, through Nov. 17. But even if the Senate can rush to wrap up its work this weekend to pass the bill, which also includes money for Ukraine aid and U.S. disaster assistance, it won't prevent an almost certain shutdown amid the chaos in the House. On Friday, a ...

Federal govt headed into a shutdown; what does it mean and what's next?

The federal government is heading toward a shutdown that will disrupt many services, squeeze workers and roil politics as Republicans in the House, fuelled by hard-right demands for deep cuts, force a confrontation over federal spending. While some government entities will be exempt Social Security checks, for example, will still go out other functions will be severely curtailed. Federal agencies will stop all actions deemed non-essential, and millions of federal employees, including members of the military, won't receive paychecks. Here's a look at what's ahead if the government shuts down on October 1. WHAT IS A GOVERNMENT SHUTDOWN? A shutdown happens when Congress fails to pass some type of funding legislation that is signed into law by the president. Lawmakers are supposed to pass 12 different spending bills to fund agencies across the government, but the process is time-consuming. They often resort to passing a temporary extension, called a continuing resolution or CR, to a

Sensex caught at the crease on 12th day; investors await Fed rate decision

Index heavyweights HDFC Bank, Reliance Industries and Infosys dragged the markets lower on Monday

99% of investors expect US Federal Reserve to keep rates unchanged

According to the CME Fed Watch tool, 99 per cent of investors expect the US Federal Reserve to keep the rates unchanged at 5.25-5.50 per cent in their next meeting

Powell delivers on expected lines; Indian markets to consolidate: Analysts

The US central bank, Powell said, is prepared to hike the benchmark rates and keep the borrowing costs high until inflation comes in the target range of 2%

Shares trade in green as Fed weighs inflation risks, yields steady

Gains on Wall Street lifted global stocks, and the MSCI All Country stock index edged 0.12% higher

China's economic slowdown a 'risk factor' for US Economy: Janet Yellen

"That said, I feel very good about US prospects overall. Let's call that a risk," she said, referring to China

RBI not 'unduly concerned' about Russian investments in G-secs, says Das

Governor Shaktikanta Das on Thursday said the Reserve Bank is not "unduly concerned" about the Russian investments in Indian government bonds. Without sharing the details of the trade surplus invested by Russian entities in government securities (G-secs), Das underlined that trade relations between the two countries are for the long term and there is no reason to fear a pullout of the money. In May this year, the Indian Banks Association had said that Russia is investing the surplus it earns out of oil sales to India in G-secs, but the market's estimates on the quantum vary from USD 10-22 billion. "Its not something about which we are really unduly concerned. We are not concerned unduly because market has its estimates. So far as we are concerned, it is not going to cause any (impact)," Das told reporters at the post-policy press meet here. He added that India is "far better placed" with forex reserves of over USD 600 billion to deal with any situation. Deputy Governor T Rabi Sank

Judge sets trial date for next May in Trump's classified documents case

A federal judge in Florida has set a trial date for next May for former President Donald Trump in a case charging him with illegally retaining hundreds of classified documents. The May 20, 2024, trial date is a compromise between a request from prosecutors to set the trial for this December and a request from defense lawyers to schedule it after the 2024 presidential election.