Latest business news
The US imposed sanctions on a network of individuals and companies it accuses of laundering billions of dollars from illegal activities for the Iranian government, as the Trump administration continues its “maximum pressure” campaign against Tehran. The Treasury Department said the penalties target more than 30 individuals, as well as 16 companies based in Hong…
The Indian stock market benchmark indices, Sensex and Nifty 50, traded higher on Thursday mirroring upbeat sentiment in global equities after a US federal court blocked President Donald Trump’s tariffs from going into effect. Putting on hold the country-specific reciprocal tariffs imposed by Trump on the US’s trading partners, the Manhattan-based Court of International Trade…
(Bloomberg) — The manager of the Federal Reserve’s massive portfolio of securities said the central bank’s effort to reduce the size of its balance sheet is beginning to place pressure on the market for repurchase agreements. That pressure likely means the Fed’s tools for controlling short-term interest rates will become increasingly important, Roberto Perli, manager…
(Bloomberg Opinion) — With mainstream investment products increasingly finding a second home on the blockchain, it’s a good time to ask what role central banks would play if everything they have learned while policing double-entry bookkeeping over the last 350 years becomes irrelevant. The techno-anarchist vision behind cryptocurrencies like Bitcoin was to free the financial wellbeing of individuals from the clutches of large…
Berkshire Hathaway annual shareholder meeting 2025: Ace investor Warren Buffett presided over his 60th Berkshire Hathaway shareholder meeting on Saturday, May 3, and spoke on a range of topics, including trade policies and investment opportunities for the multinational conglomerate. Buffett was joined on stage by Berkshire’s top executives, Greg Abel and Ajit Jain. The chairman…
(Bloomberg) — Municipal bonds are looking attractive as they slowly start to recover from the tariff-fueled rout that sent yields soaring earlier this month. Benchmark yields for state and local US government debt are still elevated compared to where they stood before the historic selloff. For example, the 30-year yield is at 4.5%, about 40…
MUMBAI, – India’s call money market faces risks of dwindling liquidity, posing challenges for monetary policy transmission, the nation’s central bank chief said in a speech published on Saturday. Reserve Bank of India Governor Sanjay Malhotra expressed concern about “asymmetries which arise on occasions between different money market rates – the rate at which RBI…
Gold prices on the Multi Commodity Exchange (MCX) traded lower on Thursday amid profit booking, retreating from their recent record high near the ₹96,000-mark. The MCX gold rate touched an all-time high of ₹95,935 per 10 grams before easing. Internationally, gold prices also witnessed a pullback as investors locked in gains after bullion hit a…
President Donald Trump’s ever-changing tariff onslaught is overshadowing the Philippines’ sound economic fundamentals and will likely keep banks selective in deploying funds, according to the head of the group representing fixed-income traders. “I haven’t seen this level of uncertainty,” Justin Robert Ladaban, president of the Money Market Association of the Philippines, said in an interview…
