Dollar Soars to New 20-Year High; Risk Sentiment Retreats

By Peter Nurse – The safe-haven U.S. dollar soared to a new 20-year high in early European trading Wednesday, as more hawkish Fed speak and rising Treasury yields spurred fresh recession fears. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, rose 0.5% to 114.597, … Read more

Ruble Surges to Two-Month High as Demand for Cash Explodes

By Geoffrey Smith — The Russian surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of Wednesday’s mobilization call by President Vladimir Putin. The ruble rose 3% to trade at 57.08 against the dollar amid reports of a nine-fold … Read more

Bank of England says UK in recession as it raises interest rates to 14-year high

London, Sep 22 (IANS) The Bank of England has raised UK interest rates by 0.5 percentage points to 2.25 per cent in an attempt to combat soaring inflation amid the cost of living crisis, the media reported. That’s the seventh consecutive increase in Bank Rate in a row, but a smaller rise than many investors … Read more

Dollar Surges to Fresh 20-Year High on Hawkish Fed

By Ambar Warrick– The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than expected tone in its latest meeting. The rose as much as 1% to 111.47, its highest level since June 2002, while … Read more

Swaraj Engines Tops Over 2-Yr Peak, Hits New High As M&M Sets to Hike Stake

By Malvika Gurung — Shares of the diesel engines and components manufacturer Swaraj Engines (NS:) (SEL) zoomed 11.88% to Rs 1,897 apiece and rallied almost 14% to hit a new 52-week high of Rs 1,962 apiece on Wednesday. The scrip has jumped the most since June 2020. The stock rallied after the mega-cap auto manufacturer … Read more

Tata Group Multibagger Stock Hits New 6-Yr High, Soars 103% Since Sept 5

By Malvika Gurung — Shares of the machinery industry company TRF (NS:) hit an upper circuit of 5% on Tuesday and recorded a fresh 52-week high of Rs 340.55 apiece for the sixth consecutive session. During this period, the Tata Group scrip rallied 101.7% and hit its highest level in more than six years in … Read more

Dollar Edges Lower; Remains Near 20-Year High Ahead of Fed Meeting

By Peter Nurse – The U.S. dollar edged lower in early European trading Tuesday, but remained near a 20-year high as the market geared up for another aggressive rate increase by the Federal Reserve. At 02:50 ET (06:50 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% … Read more

German PPI Hits New All-Time High as Electricity Prices Soar

By Geoffrey Smith — The pressure on the European Central Bank to keep raising interest rates increased again on Tuesday as the Eurozone’s largest economy recorded a new all-time high for factory gate inflation.  rose by 7.9% in August, and were up 45.8% from a year earlier, statistics office Destatis said. Both figures were … Read more

Multibagger Bharat Dynamics Hits Lifetime High, Up 140% YTD: Order Book & More

By Malvika Gurung — Shares of the state-owned defence company Bharat Dynamics (NS:) (BDL) jumped 6% on Monday, recording a new lifetime high of Rs 979.1 apiece in the session. The scrip has been on an upward streak for the past five consecutive days and has surged nearly 20% in the period, including Monday’s rally, … Read more

Rise in retail inflation due to high food prices, adverse base effect: Centre

New Delhi, Sep 12 (IANS) As retail inflation rose to 7 per cent in August from 6.71 per cent in July, the Finance Ministry said late on Monday that consumer price index (CPI) based inflation “recorded a moderate increase”, adding that it could be attributed to “both an adverse base effect and an increase in … Read more