top of page
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

Economy

14 Dec 2021

Year-end Meeting for Major Central Banks to Assess Risks from Omicron

The Index Today

Major central banks will meet this week to assess the risks from the new coronavirus variant, Omicron; as they consider limiting the emergency measures put in place nearly two years ago to fight the pandemic's effect to the global economy.

The global balancing act are reported to begin on Tuesday when the Federal Reserve gathered for its latest two-day meeting, the said meeting will tackle the new monetary policy statements by the U.S. central bank on Wednesday, the European Central Bank and the Bank of England on Thursday, and the Bank of Japan on Friday.

Talks about the inflation, labor markets, and the effect of the virus to the economic performance are behaving distinctively across the major economies, setting up a potentially sharp divide over how central banks manage the coming stage of the pandemic. That stands in contrast to the synchronized and massive wave of support approved at the outset of the health crisis in the spring of 2020.

Clay pottery with table linens
bottom of page