Economy

RBI to hike repo rate by 25bps in February, ending tightening cycle: Reuters poll

BENGALURU, Jan 30 (Reuters) – The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting a week after the New Delhi budget on February 1, before leaving it at that level for the rest of the year, according to a Reuters …

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usdyen boj policy revamp 30 January 2023

Candidate for BOJ leadership group says monetary policy needs revamping | Forexlive

USD/JPY takes a hit. The head of the Japanese think tank Okina, considered among the candidates to join the new management of the BOJ. He is a candidate to become Deputy Governor. BOJ monetary policy needs revamping Doing BOJ BOJ The Bank of Japan (BOJ) is the central bank of Japan. It was established in …

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Oil soars after Iran drone attack, China’s commitment to promoting consumption

SINGAPORE, Jan 30 (Reuters) – Oil prices soared at the start of Asian trade on Monday, buoyed by tensions in the Middle East following a drone attack in Iran and as Beijing pledged this week -end to promote a recovery in consumption that would support fuel demand. Brent crude futures were up 54 cents, or …

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Mongolia reeling from Russian sanctions

Russia’s large-scale invasion of Ukraine has hurt Mongolia’s economy, its prime minister has said, citing financial damage including loss of airline revenue and difficulty importing needed supplies from Russia. Nearly a year after the full-scale invasion of Ukraine and the subsequent imposition of far-reaching sanctions by the United States and its allies in Moscow, the …

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Russian oligarchs invest in US commercial real estate, skirting sanctions as feds warn banks

The Washington Examiner’s Byron York weighs in on the controversy over classified Biden and Texas documents banning real estate purchases by citizens of specific countries on “The Evening Edit.” Wealthy Russian oligarchs are likely investing in US commercial real estate and trying to circumvent sanctions imposed after last year’s invasion of Ukraine, according to a …

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Israeli Nobel laureate says judicial overhaul plan would mark ‘end of democracy’

Nobel laureate Professor Daniel Kahneman said in an interview on Sunday that he was deeply concerned about the future of the country – even more so than he was during the Yom Kippur War in 1973. “From my point of view, it’s almost the end of the world,” he said in an interview with Channel …

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