Federal Reserve Bank of Kansas City President Esther George said Wednesday it’s important for the nation’s central bank to understand this week’s extreme stock market volatility, but cautioned that markets are focused on the near term.
Posts tagged MC
Fed’s George: Prepared for rate hike, despite selloff (28-08-2015)
Nifty likely to continue with yesterday’s rally (28-08-2015)
On the global front, US market rallied over 2 percent with the major indices out of the correction territory. Rebound in oil prices and more signs of strength in the domestic economy lift sentiment.
Bull’s Eye: Buy LIC Housing, Just Dial, JSPL, Canara Bank (28-08-2015)
Dharmesh Kant of India Nivesh Securities is of the view that one may buy LIC Housing Finance with a target of Rs 490.
Asia stocks extend recovery on China, Wall Street gains (28-08-2015)
Asian stocks extended their recovery into the final trading day of the week as investors cheered a second day of gains in Chinese and US markets.
GST would propel India’s growth: Adi Godrej (27-08-2015)
“Even if there are no other reforms, if the next government implements the GST, I firmly believe it will drive our growth to double digits,” Adi Godrej told reporters in an interaction.
Greece names top judge as caretaker PM ahead of snap vote (27-08-2015)
President Prokopis Pavlopoulos said he had chosen Vassiliki Thanou, the head of Greece’s Supreme Court and the first woman to assume the post.
Govt, RBI reach consensus on monetary policy committee (27-08-2015)
The revised draft of the Indian Financial Code (IFC), released by the Finance Ministry last month, had suggested doing away with RBI Governor’s veto power and wants a 7-member MPC to take decisions by a majority vote.
Oil prices surge 7%, US crude rises above $41 (27-08-2015)
The US economy grew faster than initially thought in the second quarter on solid domestic demand, according to government data released Thursday. Gross domestic product expanded at a 3.7 percent annual pace instead of the 2.3 percent rate reported last month, the Commerce Department said in its second GDP estimate.
Smart city exclusions expected; user charges must: Experts (27-08-2015)
As per the five-year plan, the government will allocate Rs 200 crore this year and follow up with Rs 100 crore every year for remaining four years. The cities will be developed to provide world class infrastructure, sustainable environment and smart solutions.
NITI Aayog to bring integrated energy policy: Panagariya (27-08-2015)
In 2013-14, the Planning Commission had undertaken a major exercise that led to the creation of India Energy Security Scenarios (IESS) 2047, with an eye on assessing and predicting India’s energy needs, domestic supplies and imports. IESS 2047 was launched in February last year.