HONG KONG — The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 75 basis point interest rate hike as policymakers try to rein in rampant inflation. Read More
Capitulation: Are we there yet? That was Tuesday’s question of the day posed to Jordan Jackson, J.P. Morgan asset management global market strategist. He speaks with Alix Steel and Guy Johnson on “Bloomberg Markets: Americas.”
The bear market for bitcoin is now in its darkest phase, according to industry watcher Glassnode. The leading digital coin appears to have stabilized a bit after falling about 30% this month. Su Keenan reports on Bloomberg Television.
On Bloomberg’s ‘Balance of Power’ with David Westin, Richard Haass, Council on Foreign Relations president, on Russia-Ukraine war and China-U.S. relations; Andre Dickens, Mayor of Atlanta, on gun legislation; Sarah House, Wells Fargo senior economist, on the Fed’s expected rate hike; Bharat Ramamurti, National Economic Council, deputy director, on inflation and Fed rates.
Prime Minister Narendra Modi will chair the first national conference of chief secretaries at Dharamshala on Thursday and Friday to prepare a common development agenda for higher economic growth, ahead of the Governing Council Meeting of Niti Aayog later in the year. The conference of chief secretaries will be held at the Himachal Pradesh Cricket […]
Australia’s central bank says it “will do what’s necessary” to bring inflation back down to its 2-3%. Reserve Bank Governor Philip Lowe, in an interview with Australian Broadcasting Corp., said this means the cash rate may climb to 2.5% at some point. Swati Pandey reports on Bloomberg Television.
By Karthik Ganesan, With the persisting turmoil in the global commodities supply chain due to the Ukraine invasion, India has seen a sharp rise in cost of many an imported commodity. Crude oil and other petroleum products constitute more than 20% of our annual import bill and we are dependent for nearly 85% of our […]
The Insolvency and Bankruptcy Code (IBC) has reformed the Indian insolvency law landscape greatly, its most significant contribution being making errant promoters fearful of losing control of their companies in case of defaults. Given how the sanctity of the debt contract had been eroded, Section 29A, introduced through an amendment, compelled promoters to respect the […]
By Srinath Sridharan Does society shape the concept of governance? What was unacceptable behaviour in previous human generations seems to be acceptable in the subsequent ones. Is that any sign of human behaviour to learn from for governance regulators? Conversely, do formal governance norms define societal behaviour? Can regulations attempt to play morality teachers? Does […]
Rebecca Babin, CIBC Private Wealth Group senior equity trader, says the energy sector should continue to perform well despite market volatility. She spoke with Alix Steel and Guy Johnson on “Bloomberg Markets: Americas.”