Federal Reserve President John Williams told CNBC on Friday he does not see an imminent need to follow last week's interest rate cut with another reduction in borrowing costs, adding that new inflation data is being buffeted by distortions.
Indias gold consumption is projected to drop to 650700 tonnes this year as a sharp price rally hurts jewellery demand. Investment buying remains strong, with consumers preferring lightweight 22-carat jewellery and bars despite record-high prices.
The Illinois Commerce Commission sliced $25.4 million from ComEds $268.5 million rate reconciliation request Thursday, holding down increases customers will pay for electricity delivery next year.
Uday Kotak welcomed MUFG Banks Rs 39,618 crore investment in Shriram Finance, questioning whether it should remain an NBFC or eventually seek a banking licence amid regulatory trade-offs and growth opportunities.
