The Fed's aggressive approach has put Korea under duress.

The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...

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...

‘U.S. ECONOMY & FED POLICY IN A GOOD POSITION' SAYS SAN FRANCISCO FED PRESIDENT MARY DALY

Highlights

• The decision taken by the U.S. Federal Reserve to keep interest rates at zero until 2021 is appropriate for now said San Francisco Fed President Mary Daly

• The situation seems unfair and another example of Wall Street winning and Main Street losing said...

RUPEE SLUMPS BY 17 PAISE

Highlights:

• The rupee slumps by 17 paise and settled at 74.08 against the greenback.
• The US Federal Reserve stated that it will elaborate its balance sheet by at least $700 billion in the weeks to come.
• The Federal Reserve has cut the inter...

CORONAVIRUS: A DREAD THAT CRASHED THE STOCK MARKET

Highlights:

• $5 trillion clean swipe in the global stock market crash
• $1 trillion was from 5 top S&P 500 Index band

Coronavirus: A dread for life as it is for its effects on the stock market. La...

People from UAE having gold are in for an enormous shock

UAE gold customers got a shock when gem dealers opened for business today (Thursday), with the Dubai gold rates for 22-carat set at Dh156.75 a gram. Wednesdays end cost was Dh152.75 a gram. Thursdays rate is additionally the most astounding the Dubai gold rate has contacted in five years. Further...