“Monetary expansion has to be curbed”

The Reserve Bank of India , still sounding a fairly hawkish note after five rate increases since June last year, raised the proportion of cash banks have to keep with it on deposit to mop up funds that could … via Daily Times

Original post by Daily Times

In the foreign exchange market, large surplus conditions in the spot market were accompanied by a sharp increase in average daily turnover in the foreign exchange market to US $ 38.2 billion from a level of US $ 23.6 billion a year ago. …

Original post by Howard

“I didn’t sleep for two months, and I thought he would sleep, probably, on a steel mattress in jail, but I guess it doesn’t happen”

At 74, Jack Kindermann still has to head into work every morning with his 77-year-old wife to run his electrical contracting company. via Sympatico Finance

Original post by Sympatico Finance

Treasury bond prices, which were lower, turned up slightly on Tuesday morning as the market absorbed on-target labor cost data and better-than-expected inflation data. via Fox News

Original post by Fox News

Business Sensex zooms 290 points as banking, capital good shares rally Mumbai, July. via The Hindu

Original post by The Hindu

“Concerns about the US economy growth spooked investors”

As stocks fell for a fourth day, China Steel Corp led declines on concern a deepening US housing slump will dampen the world’s biggest economy and prompt investors to shun riskier assets. via Taipei Times

Original post by Taipei Times

“I think all the data is very important, especially with the market speculating that the RBA could hike rates next week as well”

The Australian dollar has opened stronger this morning, with a rise in US stocks overnight quelling risk aversion and enticing money back into the carry trades. via The Sydney Morning Herald

Original post by The Sydney Morning Herald