Putin says war in Ukraine is not killing Russia's economy

Putin says war in Ukraine is not killing Russia's economy

* Putin says Russia must not let economy slip into recession * Tells officials to ensure balanced growth for cooling economy * Pressure...
June 21, 2025 at 12:28 am IST
Still early to assess tariff impact on economy, Fed report says

Still early to assess tariff impact on economy, Fed report says

The Federal Reserve's latest Monetary Policy Report to Congress, released on Friday, said U.S. inflation is somewhat elevated and the labor market is in solid shape, but suggested that President...
June 20, 2025 at 11:10 pm IST
Major brokerages retain rate cut expectations after Fed keeps rates steady

Major brokerages retain rate cut expectations after Fed keeps rates steady

Most Wall Street brokerages reaffirmed their rate cut forecasts after the U.S. Federal Reserve kept its policy rate unchanged this week. The U.S. central bank held interest rates steady...
June 20, 2025 at 06:55 pm IST
Sterling set for weekly loss as Middle East conflict overshadows domestic data

Sterling set for weekly loss as Middle East conflict overshadows domestic data

Sterling gained slightly against the dollar on Friday but was set for a loss on the week as uncertainty over the Israel-Iran conflict fuelled demand for traditional safe havens such as the...
June 20, 2025 at 04:18 pm IST
Fears of Iran Conflict Escalation Weigh on DAX

Fears of Iran Conflict Escalation Weigh on DAX

The prospect of U.S. involvement in Israeli strikes against Iran sparked unease among DAX investors on Corpus Christi, sending Germany's leading index down as much as 0.9 percent to 23,118 points...
June 20, 2025 at 02:28 pm IST
Slow rate hikes could cause wage-price spiral, BOJ paper says

Slow rate hikes could cause wage-price spiral, BOJ paper says

TOKYO -Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices, the Bank of Japan said in a research paper released...
June 20, 2025 at 09:07 am IST
BOJ board agreed to keep rate hike path, some saw need for pause, May minutes show

BOJ board agreed to keep rate hike path, some saw need for pause, May minutes show

TOKYO -Bank of Japan policymakers agreed on the need to keep raising still-low interest rates, but some saw the need to pause for the time being due to uncertainty over U.S. trade policy, minutes of...
June 20, 2025 at 06:10 am IST
Putin hosts Indonesia's Prabowo in Russia in bid to deepen ties

Putin hosts Indonesia's Prabowo in Russia in bid to deepen ties

ST PETERSBURG, Russia -Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday after which the duo signed a...
June 19, 2025 at 09:18 pm IST
Russia's flagship economic forum offers scant hope of foreign investment revival

Russia's flagship economic forum offers scant hope of foreign investment revival

ST PETERSBURG, Russia -Foreign direct investment into Russia has fallen sharply, U.N. data published on Thursday showed, and Russia's premier economic forum in St Petersburg this week is offering...
June 19, 2025 at 06:11 pm IST
Russia's Novak says no one has approached government about buying Nord Stream 2

Russia's Novak says no one has approached government about buying Nord Stream 2

ST PETERSBURG -Russian Deputy Prime Minister Alexander Novak said on Thursday that no one has approached the Russian government about buying the Nord Stream 2 gas pipeline. The Wall...
June 19, 2025 at 02:33 pm IST
Exclusive-Japan to cut super-long bond sales by 10% to calm markets, draft shows

Exclusive-Japan to cut super-long bond sales by 10% to calm markets, draft shows

TOKYO -Japan's government plans to cut sales of super-long bonds by about 10% from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond...
June 19, 2025 at 12:04 pm IST
Fed's Powell says central bank still has the needed data to do its work

Fed's Powell says central bank still has the needed data to do its work

Federal Reserve Chair Jerome Powell made a plea on Wednesday for the government not to cut back too aggressively on its efforts to collect data on the economy because the information it collects...
June 19, 2025 at 04:04 am IST
Dollar trades higher after Fed, investors focus on Israel-Iran conflict

Dollar trades higher after Fed, investors focus on Israel-Iran conflict

NEW YORK -The U.S. dollar traded higher against most major currencies on Wednesday, but remained weaker against the yen after the Federal Reserve kept interest rates unchanged as economic uncertainty...
June 19, 2025 at 02:31 am IST
Fed officials see two rate cuts in 2025, but overall turn hawkish

Fed officials see two rate cuts in 2025, but overall turn hawkish

WASHINGTON -U.S. central bankers are increasingly split over the appropriate path of policy, with the median of fresh forecasts published on Wednesday still pointing to a half percentage point of...
June 19, 2025 at 12:15 am IST
US weekly jobless claims, housing data point to softening economic activity

US weekly jobless claims, housing data point to softening economic activity

WASHINGTON -The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labor market momentum in June and...
June 19, 2025 at 12:05 am IST
EU countries reach deal on new defence funding programme

EU countries reach deal on new defence funding programme

BRUSSELS -European Union governments have reached an agreement on a 1.5 billion-euro EU scheme to fund defence investments, although some complained that its 'buy European' provisions are too...
June 18, 2025 at 10:21 pm IST
Trump knocks Fed's Powell, muses about appointing himself to lead central bank

Trump knocks Fed's Powell, muses about appointing himself to lead central bank

WASHINGTON -U.S. President Donald Trump on Wednesday knocked Federal Reserve Chair Jerome Powell for what he expected would be a decision not to lower interest rates and said the man he put in the...
June 18, 2025 at 10:03 pm IST
US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

US-Canada deal prospect offers hope but inflation a worry if tariffs remain, says BoC

The Bank of Canada Governor Tiff Macklem said on Wednesday that the prospect of a new Canada-U.S. trade deal offers hope that tariffs will be removed, but cautioned that inflation could rise if...
June 18, 2025 at 09:15 pm IST
Fed announces meeting to discuss easing bank leverage rules

Fed announces meeting to discuss easing bank leverage rules

WASHINGTON -The Federal Reserve will consider plans to ease leverage requirements on larger banks at a meeting later this month, kicking off what is expected to be a broad effort to reconsider bank...
June 18, 2025 at 03:24 pm IST
Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

Exclusive-Russia's Sberbank warns of economy overcooling, says key rate below 15% would spur growth

ST PETERSBURG -The Russian economy could cool down excessively due to high interest rates and may face difficulties returning to a growth path, Alexander Vedyakhin, First Deputy CEO of Russia's...
June 18, 2025 at 01:35 pm IST