US Market Ends Mixed as Fed Signals No Rush for Rate Cuts

February 12, 2025 6:43 PM

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US Market Ends Mixed as Fed Signals No Rush for Rate Cuts

US stocks ended mixed yesterday, as investors digested mixed corporate earnings reports. The Dow Jones Industrial Average increased by 0.28 percent, and the S&P 500 ended flat, while the Nasdaq Composite slipped over 0.3 percent.   Meanwhile, the US Federal Reserve Chair Jerome Powell, in his op...

Asian Markets Rally, European Indices Trade Mixed

February 12, 2025 6:41 PM

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Asian Markets Rally, European Indices Trade Mixed

Major Asian indices logged gains today. Hong Kong's Hang Seng surged over two and a half percent, China's Shanghai Composite index gained over 0.8 percent, Japan's Nikkei rose over 0.4 percent, and South Korea's Kospi as well as Singapore's Straits Times index both added over 0.3 percent each.   Amo...

Oil Prices Dip as US Crude Stocks Rise

February 12, 2025 6:34 PM

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Oil Prices Dip as US Crude Stocks Rise

Oil prices fell today, ending their gaining streak, after industry body data indicated a rise in US crude inventories. The traders also weighed the hawkish remarks from Fed Chair Jerome Powell that signalled slower rate cuts this year. Brent crude was trading over 0.8 percent down at 76 dollars and ...

West Bengal Budget 2025: ₹18 Lakh Crore GSDP, ₹1,500 Cr for Roads, New ‘Nadi Bandhan’ Scheme Announced
Kolkata: West Bengal Chief Minister Mamata Banerjee along with State Minister of State of Health and Family Welfare Chandrima Bhattacharya at the State Legislative Assembly in Kolkata on Wednesday, February 12, 2025. (Photo: IANS/Kuntal Chakrabarty)

February 12, 2025 6:35 PM

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West Bengal Budget 2025: ₹18 Lakh Crore GSDP, ₹1,500 Cr for Roads, New ‘Nadi Bandhan’ Scheme Announced

West Bengal Finance Minister Chandrima Bhattacharya today presented the budget in the State Assembly. According to the budget statement, West Bengal's Gross State Domestic Product (GSDP) crossed 18 lakh crore rupees. The budget has a revenue deficit of 35314 crore rupees.   1500 crore rupees have be...

India’s CPI Inflation Drops to 4.31% in January, Lowest in 5 Months
(150611) -- CAIRO, Jun. 11, 2015 (Xinhua) -- An Egyptian woman buys vegetables in an outdoor market in Cairo, Egypt, June 11, 2015. Egypt's annual headline inflation hit a five year peak in May at 13.11 percent compared to 10.96 percent in April on the back of food price hikes, Egypt's state-run Ahram Online website reported. (Xinhua/Cui Xinyu)

February 12, 2025 7:16 PM

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India’s CPI Inflation Drops to 4.31% in January, Lowest in 5 Months

India's retail inflation eased to a five-month low of 4.31 percent in January from 5.22 percent in December, as the rate of increase in food prices slowed. According to data released by the Ministry of Statistics and Programme Implementation (MoSPI), inflation in rural areas stood at 4.64 percent co...

Rupee Falls by 6 Paise to 86.89 Against US Dollar

February 12, 2025 5:29 PM

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Rupee Falls by 6 Paise to 86.89 Against US Dollar

In the Forex market, the rupee today depreciated by six paise to settle at 86 rupees and 89 paise against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, is trading at 107.88 in intraday trade.

India’s Industrial Production Growth Slows to 3.2% in December

February 12, 2025 5:27 PM

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India’s Industrial Production Growth Slows to 3.2% in December

India’s industrial production growth, measured by the Index of Industrial Production (IIP), slowed to 3.2 percent in December as compared to 5.2 percent in November, according to the data released by the Ministry of Statistics and Programme Implementation.   Among the three major components of IIP, ...

Angola Reports 3,402 Cholera Cases, 114 Deaths Amid Ongoing Outbreak

February 12, 2025 5:23 PM

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Angola Reports 3,402 Cholera Cases, 114 Deaths Amid Ongoing Outbreak

Angola has recorded 3,402 cholera cases and 114 deaths since the outbreak began in early January this year. According to the Health Ministry, since February 1, Angola has been reporting more than 100 new cholera cases daily, peaking at 295 on February 8.   Since the outbreak on January 7, the diseas...

RBI Directs Banks to Remain Open for Govt Transactions on March 31

February 12, 2025 5:21 PM

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RBI Directs Banks to Remain Open for Govt Transactions on March 31

The Reserve Bank of India (RBI) has advised all agency banks to keep all their branches dealing with government business open on March 31, 2025. RBI said that the Government of India has made a request to keep all branches of the banks dealing with government receipts and payments open for transacti...