PREEMPTIVE PRICING
BoE’s Pill sees scope for interest rate cuts if UK growth stalls
Bank of England chief economist Huw Pill indicated that interest rates could remain steady or decline if economic growth stalls. Recent financial market predictions suggest potential for at least two interest rate increases within the next year. Economic growth has shown surprising strength, yet households are beginning to tighten their spending due to rising energy costs. While GDP growth is projected at 1.
Trump asserts Iran war will end 'very quickly,' touts military strikes on Tehran's nuclear sites
During a rally in Kentucky, Donald Trump stated that the ongoing conflict with Iran would conclude quickly. He claimed that falling gas prices would follow the end of hostilities. Trump's earlier military actions against Iran were described as necessary to prevent nuclear armament. Meanwhile, Iran's Deputy Foreign Minister emphasized the importance of ceasefire to achieve regional peace.
Japan government bond yields fall as global markets steady
Japanese government bond yields saw a significant drop on Friday, as the 10-year yield fell to levels not recorded since mid-September. Global bond markets stabilizing and shifts in central bank policies played a key role in this decline. Even though the Bank of Japan raised rates recently, inflation in Tokyo is rising, fueling predictions of additional rate hikes.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise but underlying inflation remains contained.
Iran goes on offensive as diplomacy with US stalls
Six months into its war with the United States, Iran's military has begun signalling a shift from retaliation to offence, which analysts say could reflect Tehran's belief it holds leverage to advance its demands and break the stalemate. Ahmad Zeidabadi, a Tehran-based international relations expert, believes the shift reflects Tehran's assessment of Washington's intentions.
RBI MPC: Iran war puts Malhotra & Co in razor-edge policy bind over inflation, growth and rupee
The Reserve Bank of India faces a difficult interest-rate decision this week as rising oil prices from the Iran conflict, a record-low rupee and a weak monsoon threaten to slow growth while pushing up inflation.
Israel-Iran conflict: Tel Aviv strikes Tehran's nuclear sites, what we know so far
Israel has initiated preemptive strikes targeting Iranian nuclear and military sites, including a major attack on the Natanz facility, with Prime Minister Netanyahu vowing to continue the operation indefinitely. Iran reports explosions in Tehran and accuses the U.S. of support, while Senator Rubio denies involvement and warns against targeting American interests.
Israel strikes Iran's nuclear sites as hinted by Trump, declares state of 'emergency'
Israel has confirmed a preemptive strike on nuclear sites in Iran. This happened hours after Donald Trump acknowledged such a possibility. Iranian media reported explosions in Tehran. Tensions are high before US-Iran talks this weekend. The talks aim to halt Iran's atomic bomb material production. Israel has declared a state of emergency. They anticipate a retaliatory strike from Tehran.
'Virtually no inflation': Trump mocks Jerome Powell as 'Mr Too Late,' calls Fed chairman a 'major loser'
Donald Trump criticized Federal Reserve Chair Jerome Powell. Trump wants lower interest rates. He believes this will address economic concerns. Trump called Powell a 'major loser'. He thinks the central bank should make 'preemptive cuts'. Trump's comments come amid market reactions to his tariffs. Gold prices have soared. Nations are negotiating with Washington over trade.
Government sets up committee to monitor tur stocks to check hoarding
Earlier on August 12 last year, the government had issued an advisory to the state governments and Union Territories to enforce stock disclosure in respect of tur dal under the Essential Commodities Act, 1955. Further, in order to facilitate smooth and seamless import, the government has removed the 10 per cent duty applicable for tur imports from non-LDC countries as the duty creates procedural hurdles even for zero duty imports from the Less Developed Countries (LDCs).
Centre asks states to monitor stocks of tur dal as prices rise
The Department of Consumer Affairs on Friday, issued a directive to all the states to enforce stock disclosure by stockholders of tur under provisions of the Essential Commodities Act, 1955 and also to monitor and verify the stocks.
Make COVID-19 vaccination affordable, accessible through Jan Aushadi scheme, says IMA
Vaccination for the coronavirus infection should also be the priority of the government as vaccination not only enhances individual safety but also the community safety by paving way for herd immunity, the doctors' body said.
Saudi's surprise output cut to lift Brent to $60/bbl by mid-year - UBS
With Saudi Arabia's move, OPEC's production increase of 0.5 million barrels per day (bpd) for January is reversed in full, which will result in a tighter oil market in the first half of the year, analysts at the Swiss bank wrote in a note.
Coronavirus outbreak: Preemptive measures in place to ensure no disruption to supply chains: Sanjeev Sanyal
Steps have already been taken to identify specific goods and ensure their imports especially pharmaceuticals, he said. Certification agencies have been directed to ramp up capacity to issue certificates expeditiously.
Auditor to probe concentration of sell trades in February contract
Participants who deposited castor stocks in NCDEX accredited warehouses for delivery and arbitrageurs have been deeply distressed.
Gail India in talks with Qatar to secure 3 million tonnes of LNG
The state firm wants a price of $12.5 per unit for LNG. In return, it has offered to waive its preemptive rights on the 5% stake in Petronet.
China slowdown is stabilising, says Premier Wen Jiabao
China will intensify fine-tuning of policies as downward pressure on the economy is still "relatively large," Premier Wen Jiabao has said.
Wadias may yet derail Danone
Wadias are likely to flash ‘preemptive rights’ to block any move by the French giant to sell its 25.1% stake in Britannia Industries to an undesirable partner.
Interest rate hike may be counterproductive: RBI
The papers have been issued at a time when several commercial banks have expressed the view that there should not be any further hike in short term rates .
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