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Banks may continue raising interest rates this fiscal year; deposits now playing catch-up with lending rates
19/08/2022

Banks may continue raising interest rates this fiscal year; deposits now playing catch-up with lending rates

Reserve Bank of India (RBI) continuing to tighten the repo rate to suck out excess liquidity and tame inflation, interest rates are expected to continue upward march, analysts at CareEdge said.

China unexpectedly cuts 2 key rates, withdraws cash from banking system
17/08/2022

China unexpectedly cuts 2 key rates, withdraws cash from banking system

China's central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from the banking system on Monday, to try to revive credit demand to support the COVID-hit economy.

Elon Musk says Tesla has produced more than three million vehicles
15/08/2022

Elon Musk says Tesla has produced more than three million vehicles

Elon Musk announced on Sunday that Tesla has produced more than three million vehicles, a third of which were made at Giga Shanghai in China.

Wall Street, Like the Climate Bill, Bets on Both Green Energy and Fossil Fuels
15/08/2022

Wall Street, Like the Climate Bill, Bets on Both Green Energy and Fossil Fuels

Many investors have continued backing oil-and-gas companies, predicting they will make money for years to come and will control emerging energy technologies.

Saudi Aramco’s Profit Jumps 90 Percent on High Oil Prices
15/08/2022

Saudi Aramco’s Profit Jumps 90 Percent on High Oil Prices

The giant oil producer said it earned nearly $50 billion last quarter, the latest energy company to record outsize profits after the surge in crude prices since Russia’s invasion of Ukraine in February.

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