APEuropean Central Bank President Christine Lagarde warned earlier in the day that the euro zone faced a lengthy fight against inflation, while U.S. consumer confidence data beat expectations just before two-year gilt yields peaked.
The two-year gilt yield rose as high as 5.220%, its highest since July 2008, up 8 bps on the day, while 10-year gilt yields were 5 bps higher at 4.35%.
Financial markets on Tuesday were pricing in a 70% chance that Bank of England interest rates would reach at least 6.25% by the central bank's December meeting, up from 5% now...
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India to Remain Fastest-Growing Big Economy for Next 3 Yrs: S&PIndia is projected to grow at an average 6.7% for the next three years, retaining the fastest-growing major economy tag, said S&P Global Ratings in its latest report.
Digital India Bill Draft Likely within 15 DaysThe draft of the much-anticipated Digital India Bill to govern emerging technologies such as artificial intelligence (AI) and quantum computing is likely to be opened for public consultation within the next fortnight, senior officials told ET.
ICICI Prudential Gets Notice for Alleged GST Liability of ₹492 crA central agency tasked with preventing the leakage of Goods and Services Tax (GST) revenue has completed its probe into at least six of the 30 insurance firms it is investigating over alleged malpractices regarding commission payments to their agents, and is in the process of sending them show-cause notices (SCNs), official sources aware of the ongoing scrutiny told ET.
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