Tag

The gold price surged by almost $40 or over 3% on Friday, at its peak and is trading only slightly weaker at around $1,135 per troy ounce as the new week gets underway.

India’s largest lender, SBI, cut its base rate by 40 basis points (bps) to 9.3 per cent from 9.7 per cent, effective from October 5.

All three major US indexes have gained since Friday when a weak U.S.jobs report led to expectations that the Federal Reserve would not raise interest rates this year, meaning the era of near-zero interest rates would continue. Stocks had trimmed a few of their gains earlier in...

But the survey suggested stronger demand from Europe and Africa, and a few economists saw it pointing to more normal growth rates rather than potential stagnation. But the weakening outlook in the United Kingdom, where the services PMI has now fallen for the third consecutive...

USA stocks climbed Friday morning after three days of losses.

Data released Friday showed U.S. non-farm payrolls rose by 142,000 in September, considerably lower than the 203,000 jobs the markets had expected.

The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

The USA has experienced soft patches in job growth before in this expansion, and officials have been expecting job growth to slow from its quick pace earlier this year and last.

The rate of United Kingdom economic growth slowed to a two-and-a-half year low in September, according to PMI survey data, suggesting that the economy sank further into a soft patch at the end of the third quarter.

In its third rate cut this fiscal (20 bps in April and 10 bps in June), Axis Bank cut its base rate to 9.50 per cent from 9.85 per cent. “The new rate will be with effect from October 5, 2015″.

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

Readings above 50 signal an improvement in business conditions from the previous month, while readings below 50 show a worsening.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

Adoption of the 17 Sustainable Development Goals, or SDGs, caps three years of brainstorming and negotiations with input from almost every corner of the world, organizers say, and provides a roadmap for countries to finance and create change.

“Labor has reported a healthy average of 212,000 job gains a month this year, but advances in August slowed moderately to 173,000 – a drop that many economists attributed to a tendency for initial payroll estimates in August to be undercounted because of seasonal...