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Bank of England boss says UK closer to higher rates

Last Updated: Wednesday, July 23, 2014, 22:36

The Bank of England needs to start hiking record-low interest rates in the coming months, governor Mark Carney indicated on Wednesday, adding that the economy was rapidly gaining strength.

Indian companies raise Rs 3,300 cr via NCDs

Last Updated: Sunday, July 20, 2014, 10:43

A cumulative amount of Rs 42,383 crore had been garnered through 35 issues of NCDs in the entire 2013-14 fiscal.

Gold price dips on profit-taking, safe-haven bids support after plane crash

Last Updated: Friday, July 18, 2014, 09:21

Spot gold slipped 0.1 percent to USD 1,315.40 an ounce Friday.

Brazil keeps interest rates on hold at 11%

Last Updated: Thursday, July 17, 2014, 08:38

Traders had forecast no change prior to the decision by the central bank`s monetary policy commission (Copom) after a two-day meeting.

Fed fears risks posed by exit tools; plan almost done

Last Updated: Saturday, July 12, 2014, 12:01

U.S. Federal Reserve officials are cautiously nearing completion of a new plan for managing interest rates, concerned that some of the new tools they are likely to rely on could pose unintended risks in a crisis.

ECB holds key rate steady at 0.15%

Last Updated: Thursday, July 03, 2014, 18:18

The ECB is instead targeting loans to encourage banks to lend to households and non-financial corporations.

Indian Bank revises interest rates on FCNR (B) deposits

Last Updated: Thursday, July 03, 2014, 14:41

State-run Indian Bank has revised the interest rates on foreign currency non-resident (banking) deposits with immediate effect.

Vijaya Bank cuts interest rates on domestic term deposits

Last Updated: Wednesday, July 02, 2014, 20:28

With a view to bring down cost of deposits, the bank has reduced the interest rates on its domestic term deposits.

DDA to hike interest rate for housing registration deposits

Last Updated: Friday, June 27, 2014, 00:01

Delhi Development Authority has decided to pay simple interest at 8 percent instead of the current 5 percent on registration deposits for all its future housing schemes, the urban body said Thursday.

Canada inflation rises to 2.3%

Last Updated: Friday, June 20, 2014, 18:49

The Bank of Canada considers core inflation when setting its key lending rate, which is currently at a near-record low of one 1.0 percent.

Rupee rises to 60 vs US dollar on dovish Fed comments

Last Updated: Thursday, June 19, 2014, 09:34

The rupee strengthened to 60 per dollar on Thursday, its highest in almost a week.

Bank of England united in holding rates: Minutes

Last Updated: Wednesday, June 18, 2014, 18:12

The Bank of England was unanimous in its decision to maintain its record-low interest rates earlier this month, minutes showed on Wednesday.