Gold Silver Reports (GSR) – The euro climbed higher against the U.S. dollar on Thursday, after the European Central Bank (ECB) said it would delay its first post-crisis interest rate hike until at least the middle of next year. In a move that was well-flagged, ECB President Mario Draghi also offered to pay banks if they borrow cash from the central bank and pass it on to households and firms.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Reserve Bank of India (RBI) is Expected to Deliver a 25 bp Rate Cut Amid india’s benign inflation, aim to stimulate nation’s economic growth: ScotiaBank
The Reserve Bank of India (RBI) is expected to deliver a 25 bp rate cut amid India’s benign inflation on Thursday afternoon, with the aim of stimulating the nation’s economic growth that slowed to 5.8% yoy in the January-March quarter from 6.6% the previous three months. Lower crude oil prices also boosted the prospects of a cut in interest rates, according to the latest research report from Scotiabank.
India’s Central Bank Faces Calls for Rate Cuts – Gold Silver Reports
Gold Silver Reports (GSR) – Growth cooled to 5.8% in the first three months of the year, the slowest pace in several quarters, according to a government report on Friday. That took the expansion in the fiscal year to March 2019 to 6.8%, lower than the 6.9% median estimate in a Bloomberg survey.
Brexit Latest Update: Game over or Not?
The end of May
The British Prime Minister Theresa May announced on Friday 24 May she will resign from her function on June 7. The final blow to her premiership was her speech a few days earlier; a speech in which she announced her proposal for revamping the EU-UK deal and bringing it forward for a vote in Parliament as part of the Withdrawal Agreement Bill (WAB) at the beginning of June.
US-China Trade Talks Reportedly Hit a Snag Because US ‘Kept Adding New Demands’ to Negotiations – Latest Report by The SCMP
The report cites two separate sources in saying that the breakdown in US-China trade talks arose as China’s Liu He met up with US’ Lighthizer and Mnuchin only for the US side to make additional demands in the late stages of the negotiations.
Brexit Results: European Elections Results 2019
Europe’s traditional centrist coalition lost its majority in the European Union’s parliamentary elections Sunday, with far-right populist parties and liberal, pro-European Union parties both gaining ground. The results suggest a complicated future for the EU, as voters look for new ways forward.
Brexit पास न करा पाने पर UK की पीएम टेरिसा ने अपने पद से इस्तीफा दिया
Theresa May to Resign as Prime Minister
Gold Silver Reports (GSR) – Theresa May has said she will quit as Conservative leader on 7 June, paving the way for a contest to decide a new prime minister.