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The uncertain wheat crop in China raises concerns about the global economy
Floods and severe lockdowns in China have hampered farming to the point where the country’s winter wheat harvest, which begins next month, remains one of the biggest unknowns in a global economy already beset by high commodity prices. According to the New York Times, if the Chinese harvest is poor
On dismal Q4 results, Punjab National Bank drops 10% and reaches a 52-week low
Punjab National Bank (PNB) shares hit a 52-week low of Rs 29.90 on the BSE on Thursday at 09:32 a.m., frozen at the 10% lower circuit, as the state-owned lender’s standalone net profit fell 66 percent year on year (YoY) to Rs 201 crore in the January-March quarter (Q4FY22) after
To protect the rupee, the RBI may be cautious about spending FX reserves
When the Federal Reserve tightens, the Reserve Bank of India tries to defend its currency once more. Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are
Oil prices have dropped over 1% due to global economic concerns and a strong dollar
On Tuesday, oil prices fell more than 1%, continuing the previous day’s severe drop, as coronavirus lockdowns in China’s main oil importer, a strong dollar, and mounting recession threats fueled concerns about global demand. After falling as low as $103.19, Brent crude slid $1.31, or 1.2 percent, to $104.63 at
