The United States faces a default sometime between Dec. 21 and Jan. 28 if Congress does not act to raise or suspend the debt ceiling, a Washington think tank warned on Friday. The projection from the think tank, the Bipartisan Policy Center, was a narrower window than it provided last […]
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ImageThe future of Jerome H. Powell as the Fed chair is being debated within the Biden administration, complicating the decision on rates.Credit…Stefani Reynolds for The New York Times The Federal Reserve’s November policy statement, which will be released on Wednesday afternoon, is expected to include plenty of news about the […]
Morning agenda: Oil extends gains in Asian trading after rising for seven weeks. A global energy crunch due to shortage of coal and gas ahead of winter is pushing the price of crude oil. Brent futures rose by over $1 to $85.89 a barrel. China’s September oil processing rate fell […]
Today’s agenda: Investment activity in India rebounded in the September ending quarter, but growth was not spread across all sectors or states. Gujarat secured the highest amount of fresh investment commitments among the top 5 states, which included Maharashtra, Telangana, Karnataka and Odisha. Manufacturing led the pack among industries, and irrigation […]
ImageA Nobel Prize medal in 2020.Credit history…Jacquelyn Martin/Associated Push David Card, Joshua D. Angrist and Guido W. Imbens have produced a job of studying unintended experiments — Mr. Card in labor economics and Mr. Angrist and Mr. Imbens in analyzing cause and result. On Monday, their operate earned them the […]
12:10 P.M. B C Patnaik takes charge as MD of LIC nsurance behemoth LIC on Friday said B C Patnaik has taken charge as the managing director (MD) of the company, PTI reported. He was appointed as Managing Director vide a government notification dated July 5, 2021, LIC said in […]