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Reuters conducted a survey in September, which was attended by 64 economists. The results of the survey showed that 35 respondents stated that they expected the rate increase by the Central Bank of India on Friday this week. In July, there were only 11 such economists. A. Prasanna, leading economist at ICICI Securities Primary Dealership, predicts that in order to reduce inflationary risks associated with rising oil prices and a weaker rupee, the regulator will raise the repo rate by 25 basis points to 6.75%. If such a scenario comes true, the rate will increase by 75 basis points from July.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
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