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Powell of the Fed says that higher interest rates may be necessary, keeping the dollar unchanged.

After Federal Reserve Chair Jerome Powell stated that the central bank may need to hike interest rates further to ensure that inflation is contained, the United States dollar remained unchanged on Friday, putting it on track to finish the week in a strong position. Powell also promised to move &q...

The transition to electric vehicles will be a marathon, not a sprint, says the CEO of Mercedes-Benz.

According to the chief executive officer of Mercedes-Benz in Germany, making the transition to zero-emission mobility should be considered as a marathon, not a sprint.

In an interview with "Squawk Box Europe," Ola Kallenius attempted to draw attention to the significant obstac...

HC: Submit a report on the protective measures taken for artifacts.

Monday, the Patna high court ordered the state government to submit a report detailing the steps taken to safeguard and preserve the "artifacts" unearthed during excavations at the Naurgarh village archaeological site in the Nabinagar block of Aurangabad district.

This order w...

What you should know about the documentary about Ashley Madison

"Let's just say if you do bad things, bad things will happen to you."

So says a voiceover in the trailer for "The Ashley Madison Affair," an ABC News/Hulu documentary about the now-famous website that people who want to have secret affairs use.

The docu...

After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.

After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...

Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.

Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...

The stock market slumps as the Fed's strong stance dampens China's surge.

In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...

Mortgage applications will fall by 13.2% by the end of 2022 as interest rates rise once more.

Mortgage interest rates spiked again at the end of the year after a brief respite in the first half of December, weighing on mortgage demand. The seasonally adjusted index maintained by the Mortgage Bankers Association showed a 13.2% drop in mortgage application volume as of the end of last week ...

Fed Minutes predict a 'soon' slowdown in interest rate hikes and a 'likely' recession in 2023

According to meeting minutes disclosed Wednesday, Federal Reserve officials agreed in November that they would need to halt the pace of interest rate rises shortly.

While noting that inflation had not yet showed significant indications of abating, the minutes stated that "a strong ...

The Fed raises interest rates by 75 basis points and declares that there are "far to go" while expressing hope for a slowdown

The Federal Reserve raised interest rates by 75 basis points on Wednesday, as predicted, for the fourth time in a row, while also avoiding any explicit signal of an end to its relentless tightening.

The central bank did, however, change its phrasing to give Wall Street and economists ho...

Fed Raises Interest Rates by 75 Points, Says There's Still Work to Do, and Expresses Hope for a Slowdown

Wednesday, as expected, the Federal Reserve raised interest rates by 75 basis points, its fourth consecutive increase, but avoiding any express indication that it will cease its relentless tightening.

The central bank modified its language to offer Wall Street and economists who had ant...

The head of Germany's central bank has said that higher interest rates in the eurozone are "required"

The head of the German central bank, the Bundesbank, stated on Saturday that higher interest rates are required in the eurozone, whose central bank has joined others around the world in boosting rates to calm prices.

Some European Central Bank officials believe that the instability of t...

Formal inquiries into potential conflicts of interest involving Macron's senior adviser

On Monday, France's top financial crimes prosecutor announced that Alexis Kohler, the chief of staff to French President Emmanuel Macron, was the subject of an official inquiry into a possible conflict of interest arising from his ties to an Italian-Swiss shipping company.

In his po...

BP sells Jadestone an interest in oil-producing areas off the coast of Australia

Oil and gas company Jadestone Energy, which is listed on AIM and has its headquarters in Singapore, is growing its presence offshore Australia as a result of an agreement it reached with BP to purchase the oil major's stake in oil-producing fields that are a part of a project run by Australia...

Capralos confirms "early interest" in the 2027 European Games from Western Europe

Spyros Capralos, President of the European Olympic Committee (EOC), stated that the organisation has received "initial interest" from Western European nations in hosting the 2027 European Games, and reiterated that the continental body remains "cautiously hopeful" for Krak&oac...

JAPAN REPORTS THE LOWEST CORPORATE BANKRUPTCIES IN 2020 AMID PANDEMIC

Highlights –

Japan reports the lowest corporate bankruptcies in 2020 amid pandemic.
The decline in bankruptcies could be attributed to the government’s interest-free loans etc.
Information and communications posted a 22.1 percen...

U.S. FEDERAL RESERVE KEEP INTEREST RATES NEAR ZERO

Highlights

• “Economic activity and employment have continued to recover but remain well below their levels at the beginning of the year” said the Federal Open Market Committee (FOMC)

• No changes were made to the monthly purchases by the Fed officials an...