Emerging markets like India and China are witnessing a remarkable transformation, despite a slowdown in economic growth, lifting millions of people out of poverty, Federal Reserve Chairman Ben Bernanke has said.
Barack Obama is likely to pick a candidate to succeed Ben Bernanke sometime during the summer.
On speculative front as well, non-commercials have decreased bullish bets on COMEX silver futures and options to a three-month low.
Buffett said the economy is benefiting from improvement in areas that had not previously performed well, particularly homebuilding.
Fed move based on US economic recovery, which should boost India's exports, narrow CAD and help curb 'imported' inflation
The rupee on Thursday plunged by a whopping 130 paise to hit life-time low of 60 against the US dollar in early trade on the Interbank Foreign Exchange on strong demand for the American currency from banks and importers
Gold has dulled a lot lately but investors could still take a shine to it.
In a speech to the National Economists Club that echoed dovish comments by his nominated successor, Janet Yellen, Bernanke also said that while the economy had made significant progress, it was still far from where officials wanted it to be.
Jindal Steel top loser among the Sensex stocks, slips 10% in the intra-day deals.
Key among those would be US Federal Reserve Chairman Ben Bernanke's speech late on Monday evening, fourth-quarter earnings report by information technology major Infosys Technologies and India's industrial production data during the week.
Geithner and Bernanke held talks with India's major multinational corporations.
Dollar selling by exporters & banks, amid higher opening in domestic equity market supported rupee.
The broader markets traded higher with mid-caps and small-caps gaining 0.2-0.3 per cent on the BSE.
Markets slipped into negative terrain in late noon deals weighed down by profit taking in bank shares.
Traders said persistent selling by stockists in line with a weakening global trend after Federal Reserve Chairman Ben Bernanke signalled that the central bank may start curbing stimulus programme this year, mainly dragged gold and silver prices down.
Indian markets too saw a deep fall as a result of the Federal Reserve's shift in policy and the Nifty and Sensex ended down more then 2.5 per cent in the negative, whereas the Europe is trading in red too.
Even as rupee fell below 56-level against dollar intra-day, Chief Economic Adviser in the Finance Ministry Raghuram Rajan said, there is no need to panic, and RBI takes decisions on whether to intervene in forex markets or not to stabilise the local currency.
This is rupee's lowest closing since 55.45 on November 27, 2012.
The overall breadth is positive as 873 stocks are advancing while 425 are declining.
The Fed's interpretation of the increase in gas prices is the economist's basic mantra of supply and demand.
Observing that US' economic recovery is proceeding at a moderate pace, US Federal Reserve Board chairman Ben Bernanke said on Wednesday the central bank might need to intervene if policymakers enact short-term spending cuts that hurt growth.
The unemployment rate has edged off its recent peak, but at 9.7 per cent, it is still close to its highest level since the early 1980s.
A strong and stable dollar is both in the American interest and in the interest of the global economy, US Federal Reserve Board chairman Ben Bernanke said on Wednesday.
The world economy has been run for too long by finance enthusiasts. It is time that finance sceptics began to take over.
Taking a cue from his hero Abaraham Lincoln, US President Barack Obama should discharge his economic commanders -- Treasury head Timothy Geithner, Fed chairman Ben Bernanke and SEC chief Mary Schapiro -- for not being up to the task, media moghul Steve Forbes has said.
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
Author Ramit Sethi's advice for getting started with investing in a vexing environment: Automatically invest and rebalance, and don't time the market
From India's perspective, a decline in the dollar against the major currencies invariably means appreciation for the rupee.
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
A day after Federal Reserve Chairman Ben Bernanke announced the rate cut, FIIs bought shares worth over Rs 2,400 crore (Rs 24 billion), lifting the index up by 650 points, one of its biggest intra-day gains.
Federal Reserve chairman Ben Bernanke touched off the biggest one-day rally in US stocks this month by hinting that the Central Bank is almost done with raising interest rates. The indices had their biggest rise since June 29.
The Sensex closed with gains of 202.33 points or 1.87% at 11,014.97 above the 11000 level.
Rupee, he said, is not in shambles and "we should not be overtly pessimistic".
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
sharper-than-expected economic recovery back home, analysts say, can fuel a further rally in domestic cyclicals, industrials, and financials as global central banks continue with their easy money policy.
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