NEW DELHI, Feb 1 (Reuters) – India proposed on Wednesday 5.94 trillion rupees ($72.6 billion) in defence spending for the 2023-24 financial year, 13% up from the previous period’s initial […]
Category: Uncategorized
Australia set ‘to buy up to five US nuclear submarines’ under AUKUS pact
Australia is expected to buy up to five US Virginia-class nuclear-powered submarines in the 2030s under the AUKUS defence pact between Washington, Canberra and London.Earlier reports by US officials, speaking on […]
Japan approves biggest military buildup since second world war amid China fears
apan has approved its biggest military buildup since the second world war, warning that China poses the “greatest strategic challenge ever” and outlining plans to develop a counterstrike capability funded by record […]
Russia’s war in Ukraine
Russia launched one of its biggest aerial assaults Thursday with 81 missiles targeted at Ukrainian infrastructure across the country. This included six Kinzhal ballistic missiles that eluded Kyiv’s air defenses, the Ukrainian military said. […]
Bank of Canada holds key interest rate steady for first time in a year. Here’s what’s next
The Bank of Canada held its benchmark interest rate steady at 4.5 per cent Wednesday, pausing its year-long campaign to increase borrowing costs while leaving the door open to further […]
Stocks rattled as Powell comments suggest more rate hikes coming
Federal Reserve Chair Jerome Powell on Tuesday warned that larger interest rate hikes may be necessary amid stubbornly high inflation, raising fresh uncertainty about whether the central bank can tame inflation without […]
Mar 8: Oil Extends Losses On US Rate Hike Jitters
Oil prices fell further on Wednesday, after having fallen between 3.5 percent and 4 percent Tuesday on concerns that aggressive rate hikes may dent demand for fuel in the U.S.The […]
Canadian Banks’ 1Q23 Provision and Expense Growth Offset Rate Benefit
NON-RATING ACTION COMMENTARYCanadian Banks’ 1Q23 Provision and Expense Growth Offset Rate BenefitMon 06 Mar, 2023 – 12:31 PM ETFitch Ratings-New York/Toronto-06 March 2023: Canadian banks’ recently reported results reflect incremental […]