Federal Reserve’s Waller should deliver a 75-basis-point interest rate increase later this month, the governor says. Governor Christopher Waller calls fears of a U.S. recession overblown. Fed last month raised its benchmark overnight interest rate by three-quarters of a percentage point. The Federal Reserve’s Waller ought to convey a 75-premise point loan fee increment not … Read more
Israel raises its benchmark interest rate by 0.5% in an effort to combat inflation. Increase follows similar steps by central banks in the US and Europe. Annual inflation reached 4.1% in May, exceeding the central bank’s target range of 1% to 3%. In an effort to bring inflation back within its goal range, the central … Read more
Chilean state-owned copper miner Codelco sees firm copper prices ahead despite recent falls. Comments come as copper prices posted their biggest weekly fall in a year. Pacheco said the annual production goal would be maintained at 1.7 million tonnes while he was in charge, including for this year. Chilean state-claimed copper digger Codelco, the world’s … Read more
Puget Systems provides a variety of benchmarks that use automated real-world workloads. One of them, PugetBench for Photoshop, is quite easy to use. Some of them (like Pugetbench for Premiere Pro) are more sophisticated and take a bit to set up. PugetBench for Photoshop tests your computer’s ability to do a variety of activities, such … Read more
Europe’s main stock prices opened higher on Wednesday, following choppy trade the day before as investors weighed the prospect of rising inflation. The benchmark FTSE 100 index of major companies in London rose 0.2 percent to 7,622.14 points from the previous day’s end. London will remain shut on Thursday and Friday for a long bank … Read more
European stocks markets rose barely at the open Thursday after Tokyo closed lower, as investors assess the chances of a worldwide recession in the wake of runaway inflation. London’s benchmark FTSE 100 index gained 0.1 percent to 7,527.70 points. In the eurozone, Frankfurt’s DAX index grew 0.3 percent to 14,042.51 points and the Paris CAC … Read more
Federal Reserve Chairman Jerome Powell is moving monetary tightening right into a higher gear. His intention sounds straightforward — elevate interest rates to “impartial,” a putting that neither spurs nor slows boom. Even in regular times, no one knows where this theoretical level is. And those are not regular times. There are accurate reasons to … Read more
Mainland Chinese shares closed lower on Friday, in step with subdued sentiment on trading flooring round the world as inflation and supply chain woes persist. The benchmark Shanghai Composite Index shed 0.45 percent, or 14.40 factors, to a 3,211.24,, at the same time as the Shenzhen Composite Index on China’s 2nd alternate slipped 1.01 percentage, … Read more
KARACHI: The Pakistani rupee continued its fall for the third straight day against the dollar as the global crude oil prices rose. The rupee declined 26 paisas to end at Rs176.98 against the dollar on Wednesday, against the closing of Rs176.72 on Tuesday in the interbank foreign exchange market. The dealers said that the dollar … Read more
KARACHI: The rupee fell for the third straight day against the dollar on Thursday, owing to a surge in the international oil prices. The exchange rate ended at Rs176.49 to the dollar from the previous day’s closing of Rs176.22 in the interbank foreign exchange market. The local unit recorded a decline of 57 paisas or … Read more
WASHINGTON: US inflation is “too high” and the Federal Reserve will make the issue a priority, Lael Brainard, the nominee to take the number-two position at the central bank, said Wednesday. The Fed’s “most important task” is to focus on “getting inflation back down to two per cent while sustaining a recovery that includes everyone,” Brainard … Read more
BEIJING: China’s central bank cut a benchmark interest rate on Monday for the first time in nearly two years in a bid to kick-start growth in the world’s number two economy, as it creaks under the impact of a real estate crisis and coronavirus flare-ups. The People’s Bank of China said in a statement that it … Read more
WASHINGTON: With inflation expected to remain high for some time, the US central bank is likely to raise interest rates soon after it ends its bond-buying programme in March, a Federal Reserve board member said on Friday. The Fed earlier this week announced it will accelerate the end to its stimulus programme after inflation last month … Read more
MEXICO CITY: Mexico’s central bank on Thursday raised its benchmark interest rate for the fifth consecutive time in a continuing attempt to rein in spiralling inflation. Twelve-month inflation hit 7.37 per cent in November, its highest level in 20 years due to the increase in the prices of agricultural and energy products. The bank’s governing … Read more
Oil prices dropped more than 5 per cent on Friday, falling to the lowest level in two months, as traders, already concerned about potential oversupply in the first quarter of 2022, added the emergence of a new Covid-19 variant to their list of worries, Reuters reported. Brent crude, the international benchmark, slid 5.8 per cent to $77.44 … Read more
PARIS: When Paris Saint-Germain signed Lionel Messi, the salary package included something previously unheard of for a player — a one-off payment, understood to be worth around one million euros ($1.15m), made in PSG ‘fan tokens’. It was the result of a partnership signed by the French giants in 2018 with Socios.com which sees fans … Read more
Galaxy A52s could be the new variant of Galaxy A52. However, there is not much information on it. What upgrades will it offer in the main question that needs to be answered. Today some of the information has been uncovered by GalaxyClub, who spotted Galaxy A52s with model number SM-A528B on the Geekbench database. The … Read more
The latest Samsung Exynos chipset 2100 was recently reported to compete with Snapdragon’s 888 now, new Geekbench benchmarks have revealed that this is actually the case as it outperforms the latter’s unreleased flagship processor in multi-core tests. As per reports, Samsung recently shared a screenshot of a Geekbench test. In this benchmark, the Exynos 2100 SoC undergoes … Read more
United States Oil Prices on Tuesday witnessed the fall of almost 20% amid intensifying fears about dwindling storage capacity worldwide. Media reports said West Texas Intermediate, the U.S. benchmark, slipped over 19%, or $2.5, to trade at $10.22 per barrel, while international benchmark Brent crude traded 4.5% lower at $19.09 per barrel. Economy Experts say that … Read more
