President Joe Biden said Monday that he’s considering a federal holiday on the gasoline tax, possibly saving Americans as much as 18.4 cents a gallon. He spoke to reporters after taking a walk along the beach in Delaware. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect […]
BENGALURU — Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the U.S. Federal Reserve tightens aggressively. Read More
SEOUL — South Korea’s central bank governor on Tuesday said the bank will look at inflation data, household debt repayment burden and the currency market before determining whether a 50 basis point hike is needed in the next few weeks. Read More
Samantha Dart, head of natural gas research at Goldman Sachs, discusses the outlook for prices and supply. European natural gas prices rose after rallying 43% last week as Russia’s steep supply cuts put governments on high alert amid a mounting possibility of rationing. Dart speaks with Vonnie Quinn and Haidi Stroud-Watts on “Bloomberg Daybreak: Asia.”
Katie Stockton, founder and managing partner of Fairlead Strategies, a research firm focused on technical analysis, discusses the outlook for bitcoin and other crypto currencies. She speaks with Vonnie Quinn and Haidi Stroud-Watts on “Bloomberg Daybreak: Australia.”
(Bloomberg) — Oil ticked higher as traders weighed the odds of a recession in the US amid Federal Reserve tightening, with President Joe Biden pushing back against the notion that the world’s largest economy faces a contraction. Read More
Prime Minister Narendra Modi on Monday said that sometimes decisions over reforms may not seem right at the first instance and that over time they pay dividends for the country. Speaking in Bengaluru, where Modi dedicated a slew of connectivity, education, healthcare and research projects, he said, “The path of start-ups and innovation is not […]
Coal India (CIL) has been given multiple tasks by the government in recent weeks: Meeting a stiffer production targets, importing coal for supplies to power plants, ensuring infrastructure for evacuation and meeting green commitments. While all these entail heavy investments and risks to profits, CIL chairman and managing director Pramod Agrawal tells FE’s Indronil Roychowdhury […]
Anil Agarwal’s Vedanta has put on sale its Sterlite copper smelting plant at Tuticorin in Tamil Nadu and has invited expression of interest (EoI) from potential buyers. The plant has been shut for the last four years (May 2018) after 13 people were killed and 102 left injured in a police firing during a protest […]
The finance ministry on Monday warned of a widening of the twin deficits potentially creating the risk of a cycle of wider deficits and weaker rupee, and said that “rationalisation” of non-capex expenditure has, therefore, become critical. “Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability,” the ministry said in the […]