Dec 20, 2014 at 09:46 | Source: Reuters
Wall Street rose, and the S&P 500 came within a few points of its closing record high. The index has gained 5 percent since Wednesday for its best three-day stretch since 2011.
Dec 19, 2014 at 21:47 | Source: PTI
In-store mobile banking, which allows mobile to mobile transfer of money has a huge potential. Khan said the country is a cash-incentive economy and the objective of the central bank is to move towards a near zero cash society.
Dec 18, 2014 at 21:26 | Source: Reuters
Under pressure to show he has a plan to fix the economy, Putin told an end-of-year news conference the actions of the central bank and government had been "adequate" in a crisis he blamed on external factors.
Dec 18, 2014 at 08:30 | Source: Reuters
Closing out a two-day meeting against a backdrop of solid domestic growth but trouble overseas, the U.S. central bank ditched its long-standing vow and instead said it would take a "patient" approach in deciding when to bump borrowing costs higher
Dec 18, 2014 at 08:21 | Source: CNBC
Stocks rose after the Federal Reserve retained the phrase "considerable time" in its policy statement, and also introduced another word, "patient," as the central bank readies to raise interest rates next year.
Dec 17, 2014 at 20:22 | Source: PTI
The Reserve Bank also cautioned SBI, Axis Bank and State Bank of Patiala in the same case. "The RBI has imposed monetary penalty on the two banks for violation of its instructions, among other things, on know your customer/anti money laundering Know Your Customer (KYC) /Anti Money Laundering(AML)," the central bank said in statement.
Dec 17, 2014 at 15:41 | Source: CNBC-TV18
Wilbur Ross believes that may be the Russian Central Bank went too far with the rate increase, which in effect communicated to traders a real sense of panic on the part of the Central Bank, thus rendering the move less effective than perhaps a moderate increase in rates would have been.
Dec 17, 2014 at 14:23 | Source: Reuters
The Russian currency has come under heavy selling pressure this week, forcing the central bank to hike its key interest rate by an unexpected 650 basis points, in an emergency move that did little to buttress the currency.
Dec 17, 2014 at 13:29 | Source: CNBC
The battered currency has continued in its downward spiral despite the Central Bank of Russia's (CBR) astonishing 650 basis-point rate hike late Monday.
Dec 17, 2014 at 07:52 | Source: CNBC
Wall Street will hear from the Fed on Wednesday, with focus on whether the central bank reiterates its vow to maintain rates low for a considerable period.