Stocks drop ahead of Yellen speech
Stocks moved to the downside on Thursday with weakness in healthcare and consumer names. Fed Chair Janet Yellen is set to speak in Jackson Hole, Wyoming on Friday.
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Gabon's Port Gentil hit by oil price drop ahead of elections
Gabon's economic capital of Port Gentil is reeling from a drop in oil prices -- as the country prepares to vote in Saturday's presidential election. The city was rocked by violence when Ali Bongo took power in 2009, and is at risk of erupting again.
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Fluctuations May Happened in Banking Stocks Ahead of RBI Policy | Money Money (02-08-2017) | iNews
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Sensex zooms 250 pts ahead of RBI policy outcome, Nifty above 11,350; bank stocks gain
After falling for four straight sessions in a row, the BSE Sensex rebounded over 250 points ahead of RBI policy outcome in opening trade on Friday, led by gains in bank stocks. Likewise, the NSE gauge Nifty rose about 70 points in opening deals. All eyes are now set on the Reserve Bank of India’s monetary policy review, where the central bank is widely expected to cut repo rates. The 30-share Sensex recovered 255.45 points or 0.67 per cent to trade at 38,362.32. While the broader Nifty was up 72.30.30 points or 0.64 per cent at 11,386.30 in opening trade.
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Yellen Foresees Continued Low Borrowing Rates
Federal Reserve Chair Janet Yellen says the U.S. economy is improving but notes that the job market remains "far from satisfactory" and inflation below the Fed's target rate. (May 7)
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Yellen Details Economic Views to Senate Panel
Federal Reserve Chair Janet Yellen spent a second day on Capitol Hill, testifying before the Senate Budget Committee. Among other things, Yellen spelled out her views on the long-term decline in the labor participation rate. (May 8)
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Yellen, at NYU, Hails Bernanke's Courage
Federal Reserve Chair Janet Yellen paid tribute to Ben Bernanke at New York University's commencement, saying he demonstrated the courage and grit that were needed to stabilize the financial system and restore economic growth. (May 21)
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Yellen Says Economy Still Needs Fed Support News Video
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions. (July 15)
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Barack Obama to pick Janet Yellen as leader of Federal Reserve: Officials
President Barack Obama will nominate Janet L. Yellen as chairwoman of the Federal Reserve on Wednesday, White House officials said Tuesday night, ending an unusually prolonged and public search to fill one of the most important economic policy-making jobs in the world.
Yellen, 67, has been the Fed's vice chairwoman since 2010, when Obama nominated her to the post and she was easily confirmed on a voice vote by the Senate. She would be the first woman to run the central bank.
She is also expected to win bipartisan support for her new role in the Democratic-controlled Senate, said Sen. Charles E. Schumer of New York. But some Republicans could throw up hurdles. Sen. Bob Corker of Tennessee voted against her appointment as vice chairman because of what he called "her dovish views on monetary policy," and he was already expressing reservations on Tuesday night about her nomination for the top job.
"We will closely examine her record since that time," said Corker, who sits on the Banking Committee, which must clear her nomination before it moves to the full Senate. "But I am not aware of anything that demonstrates her views have changed."
Yellen's nomination was widely expected, but she was not thought to be Obama's first choice for the job. For months, the speculation was that the president would nominate Lawrence H. Summers, a former adviser of Obama's. But Summers dદ્વારા Annu | 353 અભિપ્રાયો
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Pilgrim, a vegan skincare brand, has announced that it is launching a lip care range, including lip serums, lip balms, lip scrubs and lip sleeping masks, in a range of fun and deliciously fragrant flavours including bubblegum, blueberry, and peppermint.
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