Borrowing costs in the U.K. have risen above the levels hit during Liz Truss’s stint as prime minister, despite stronger-than-expected job and salary reports, which had reinforced expectations that the Bank of England could raise interest rates.
RBI Gov. Shaktikanta Das said that India’s Monetary Policy Committee opted to maintain the benchmark repo rate for a second consecutive meeting, BQ Prime reported on June 8.
After the Reserve Bank of India decided to maintain its position focused on “withdrawal of accommodation” and keep policy rates constant, stocks in the banking sector remained mainly stable on Thursday.
Many nonprofits have started accepting donations in the form of cryptocurrency, including the Alzheimer's Association, the American Cancer Society, Autism Speaks, local chapters of Boys & Girls Clubs, CARE, Make A Wish International and Ronald McDonald House Charities.
The T. Rowe Price Global Markets Monthly Update for March 2023 reveals that equities recorded generally positive but widely divergent returns, as turmoil in the banking sector in the U.S. and Europe affected interest rate and growth expectations.
The luxury market is set to experience contrasting dynamics in the coming months, with US consumers reducing spending on non-essential goods while China's reopening offers a tailwind for the sector, according to research from J.P. Morgan.
The Congressional Budget Office (CBO) has warned of a significantly increased risk that the US Treasury will run out of funds in early June due to lower-than-anticipated tax receipts through April.
