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Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Gold and Silver Ran 5% Despite a Hawkish Fed. Are Markets Repricing Fiscal Risk?
Macro Snapshot: The week ending August 21 was defined by two opposing forces. On Tuesday the 30-year Treasury yield touched 5.34%, its highest reading since 2007. On Wednesday the Treasury Department announced it would at least double its liquidity-support buybacks of 10 to 30-year securities; hours later, FOMC minutes from July 28 to 29 showed many participants judged further tightening would likely be necessary if inflation did not decline. On the same day, US federal debt crossed $40 trillion, only
Top News
India Tightens Noose Round Black Money
New Delhi: In order to check the generation of black money, the Central Board of Direct Taxes (CBDT) of India has notified new rules under which cash receipts and high value transactions by individuals beyond a certain threshold will have to be reported by banks and companies issuing shares or bonds to the Income Tax authorities with effect from April
Argyle Mine in Australia will exhaust by 2020
Perth: The Argyle mine in Australia, which accounts for over 90% of world production of pink diamonds, will be exhausted by 2020, online resource Businesswire reported. According to the assessment carried out by the resource, the price of pink diamonds in the past 10 years increased annually by an average of 20%. As for the cost of yellow diamonds, over
India’s E-Commerce Ind. to Cross $38 Bln. in 2016
Mumbai: India’s e-commerce market is likely to touch $38-billion-mark in 2016, a 67 per cent jump over the $23 billion revenue it clocked last year, according to the Associated Chambers of Commerce and Industry (Assocham). “Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies
PAN Provision Becomes Effective in India
New Delhi: According to a newly imposed rule by India’s Finance Ministry, any transaction exceeding the two lakh INR barrier will require one to show the Permanent Account Number (PAN) card, starting from 1st Jan, 2016. Mr. Arun Jaitley, India’s Finance Ministry had earlier said during a Parliamentary session that it is a move to curb down India’s black money.
India Tightens Noose Round Black Money
New Delhi: In order to check the generation of black money, the Central Board of Direct Taxes (CBDT) of India has notified new rules under which cash receipts and high value transactions by individuals beyond a certain threshold will have to be reported by banks and companies issuing shares or bonds to the Income Tax authorities with effect from April
Argyle Mine in Australia will exhaust by 2020
Perth: The Argyle mine in Australia, which accounts for over 90% of world production of pink diamonds, will be exhausted by 2020, online resource Businesswire reported. According to the assessment carried out by the resource, the price of pink diamonds in the past 10 years increased annually by an average of 20%. As for the cost of yellow diamonds, over
India’s E-Commerce Ind. to Cross $38 Bln. in 2016
Mumbai: India’s e-commerce market is likely to touch $38-billion-mark in 2016, a 67 per cent jump over the $23 billion revenue it clocked last year, according to the Associated Chambers of Commerce and Industry (Assocham). “Increasing internet and mobile penetration, growing acceptability of online payments and favourable demographics has provided the e-commerce sector in India the unique opportunity to companies
PAN Provision Becomes Effective in India
New Delhi: According to a newly imposed rule by India’s Finance Ministry, any transaction exceeding the two lakh INR barrier will require one to show the Permanent Account Number (PAN) card, starting from 1st Jan, 2016. Mr. Arun Jaitley, India’s Finance Ministry had earlier said during a Parliamentary session that it is a move to curb down India’s black money.
