Jerome Powell interacts with other top officials during a break at the annual Kansas City Fed Economic Policy Symposium in Jackson Hole, Wyoming, US, on Friday. Reuters
Global stocks rose and the dollar dipped on Friday after US Federal Reserve officials said there would be no imminent move to tighten monetary policy in the world’s biggest economy.
The dollar rose and key US, European and global stock indexes hovered near record highs on Friday as investors embraced the easy monetary policies of major central banks and their message that rising inflation will be transitory.
Global stocks rose and the dollar retreated on Tuesday as a fall in US inflation and an improving outlook for China’s economy continued to cheer investors.
America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.
In an interview with CNN News 18, Finance Minister Nirmala Sitharaman brushed off concerns that the losses would spook global investors and said India's financial market was "very well regulated.”
DP World has been awarded a concession to build and operate a mega-container terminal at Deendayal port in Gujarat, India. The terminal will have a 1,100-meter berth and will have a capacity of 2.19 million