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Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicators

25 Feb 2022

Russian central bank provides banks with $23 billion at a 3-day repo auction

The Index Today

Russia's central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer at a "fine-tuning", three-day repo auction.

As Russia is seeking to maintain financial stability, the central bank started beefing up the banking sector with extra liquidity and selling foreign currency on the forex market after the rouble fell to all-time lows yesterday Thursday right after Moscow sent its troops into Ukraine.

Clay pottery with table linens
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