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Sri Lanka Hikes Rates by 100 Basis Points to Tame Prices

Sri Lanka’s central bank raised borrowing costs in a bid to rein in record prices that have stoked Asia’s fastest inflation. 

Oil price rise boosts Saudi index; Abu Dhabi extends losses

Saudi Arabian shares outperformed other Gulf markets to close higher on Monday after the kingdom hiked prices for its crude sales in...

Iran Says It Can Double Oil Exports If Market Needs More...

Iran has capacity to double oil exports if there’s sufficient demand, a top official said, even as a deal on the country’s...

Understanding liquid assets

With rising inflation and uncertainty in the global markets, you may want to incorporate liquidity in your portfolio.  Liquidity means that you...

Coal Buyers in India Are Paying 300% Premiums to Secure Fuel

Indian coal prices have surged in auctions held by the country’s state-run miner, with domestic buyers rushing to secure supplies as global...

Euro zone bond yields rise, but markets calmer after roller-coaster ride

Sovereign borrowing costs across the euro area rose on Monday but kept recent multi-week lows in sight thanks to major central banks...

ECB’s pledges low rates for long and warns about Delta variant

The European Central Bank pledged on Thursday to keep interest rates at record lows for even longer to boost sluggish inflation and...

Gold edges up on Delta virus threat; firm dollar caps gains

* Dollar up 0.1% against its rivals * Spot gold may fall towards $1,789/oz - technicals

Dollar edges higher as market awaits clues from U.S. Fed

The dollar edged higher on Tuesday against a basket of peer currencies following the U.S. Independence Day long weekend as traders positioned...

Turkish Inflation Likely Quickened in Blow for Erdogan Rate Hope

Turkish inflation probably quickened again, reducing the likelihood of a summer interest-rate cut sought by the country’s president. Data...