Janet Yellen News

"I am eager to deepen out ties in the technology sector: United States Treasury Secretary Janet Yellen.

The move came on a day when Secretary of the Treasury Janet Yellen visited New Delhi and held talks with Finance Minister Nirmala Sitharaman

FM Nirmala Sitharaman and US Treasury Secretary Janet Yellen today met in New Delhi Yellen is on a day-long visit to India for the 9th meeting of India-US Economic Financial Partnership The Ministry said that during the meeting, both sides will discuss issues of mutual interest

Singapore and UAE have shown interest to accept the RuPay payment: N Sitharaman. N Sitharaman will attend roundtable meetings with USIBC and USISPF. FM will also hold one-on-one meetings with leaders & heads of the OECD & UNDP.

From 2000-2018, US. Companies booked half of all foreign profits in seven low-tax jurisdictions. These jurisdictions are Bermuda, the Cayman Islands, Ireland, Luxembourg, the Netherlands, Singapore and Switzerland. The next steps include more work on key details at the Paris-based Organization for Economic Cooperation and Development.

It would be the third rate hike this year, and possibly the final time Federal Reserve Chair Janet Yellen presides over a policy move since President Donald Trump has opted to replace her in February.

During Powell's time as a governor the Fed has regularly come under the criticism of Republican lawmakers worried that the central bank`s bondbuying and other crisis response programs created risks to the financial system, and that central bankers had accumulated too much discretionary power.

Yellen's decision gives Trump in his first year in office the chance to fill five positions on the Fed's seven-member board, in addition to picking Powell to be the next Fed chairman.

Since the Fed began raising rates in 2015, the difference between long- and short-term US yields has shrunk to levels not seen since before the 2008 financial crisis, reaching 67 basis points -- its flattest in a decade -- in the past week.

The dollar index, which tracks the greenback against a basket of six major rivals, slipped 0.2 percent to 94.533 as it pulled back 0.3 percent against the yen to 113.89 and $1.1655 per euro.

Rajan, who at 40 was the first non-western and the youngest to become the chief economist at the International Monetary Fund, shot to big fame three years after he predicted a financial crisis at an annual gathering of economists and bankers in the US in 2005.

Yellen walked systematically through many of the main arguments in favor of a structural change in inflation, and largely discounted them.

Market benchmarks Sensex and Nifty on Thursday closed flat after touching new all-time highs intra-day, impacted by selling pressure in the wake of July derivatives expiry and a rush to take profit by investors.

The Dow and S&P 500 hit record highs on Friday after weak economic data dulled prospects of more interest rate hikes this year.

Projecting an upbeat economic prospect for America, federal reserve chair Janet Yellen has told US lawmakers that global growth is expected to boost the country's exports.

Benchmark equity indices hit an all time high on Thursday fuelled by steep drop in retail inflation and dovish comments from the US Fed on Wednesday.

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

After yesterday's strong rally, gold prices slipped by Rs 150 to Rs 28,950 per ten grams, largely on its global weakness amid subdued demand from local jewellers.

Gold prices rose sharply by Rs 450 to regain the Rs 29,000-mark and trade at Rs 29,100 per 10 grams at the bullion market today, tracking a firm trend overseas amid fresh buying by local jewellers.

Market expectations of an interest rate hike by the US Federal Reserve later on Wednesday have heightened sharply following strong employment data released last week.