Mumbai: The central bank is expected to keep interest rates unchanged at 5.25% for the fourth consecutive review at the upcoming Monetary Policy Committee (MPC) meeting, showed the estimates of 12 economists ET either spoke with or reviewed their forecasts. The economists surveyed also unanimously expect the Reserve Bank of India (RBI) to retain its…
Financial stocks have been among the market’s best performers this month. The Fed’s next move, however, may determine how much further the rotation can run.
Key oil chokepoints remain starved of traffic. Red Sea, Hormuz tanker traffic stays deeply depressed !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
“This upward trajectory in rates continues to significantly impact refinance borrowers, with a 10% decline in refinance applications, including a steeper drop in government refinances,” said Joel Kan, CMB, vice president and deputy chief economist at the MBA. “Despite housing inventory increasing in certain markets, higher rates have added to ongoing affordability challenges for many…
The breakout to record highs by bank stocks, plus their strong earnings and favorable valuations, suggest more good times ahead for the financial sector.
12:01 AM, 3rd August 2026, 29 minutes ago 1 The government has claimed the Renters’ Rights Act cracks down on rental discrimination in the private rented sector. In a parliamentary written answer, housing minister Matthew Pennycook claimed the act addresses overt discriminatory practices. Under the Renters’ Rights Act, it is illegal for landlords and letting…
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have launched an industry-wide taskforce to strengthen the financial sector’s cyber and technology resilience against threats posed by frontier artificial intelligence (AI) models. The AI-Driven Cyber and Technology Risk Taskforce (ACT), whose members have been working together since May 2026, brings…
As you prepare for the tax season in 2025, it is crucial to keep track of several key dates that can impact your finances. From making your fourth quarter estimated tax payments by January 15 to ensuring your federal income tax return is filed by April 15, these deadlines are critical. Missing any of these…
Total deposits held with Hong Kong’s authorized institutions rose 0.1% in June from the previous month, as growth in Hong Kong dollar deposits offset a decline in foreign currency deposits, while bank lending continued to strengthen, official data showed. Figures released by the Hong Kong Monetary Authority (HKMA) showed Hong Kong dollar deposits increased 0.9%…
The rise of Chinese open-weight artificial intelligence models has American startups racing to build counterparts. But as The Wall Street Journal (WSJ) reported Sunday (Aug. 2), these companies have begun to run into a roadblock: a lack of interest from venture capital (VC) investors. “Every tier-one VC pretty much said no,” said Mark McQuade, CEO…