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Unemployment Claims Show Further Economic Strain: Live Updates

Here’s what you need to know:The Congressional Budget Office says extending benefits would help now but hurt later.Extending the additional benefits that Congress has given to unemployed workers, which end in July, would help the economy this year but hurt it next year, the Congressional Bud...

Is This the Next Big Deal to Fall Apart?

Want this in your inbox each morning?Sign up here.The Tiffany deal loses its lusterThe French luxury giant LVMH agreed to buy Tiffany for $16.2 billion last November, at a price many thought at the time to be high for the storied jeweler. It looks even more expensive after the pandemic, and ...

Corporate Hashtag Activism

Want this in your inbox each morning? Sign up here.Brands on #blackouttuesdayInstagram was filled yesterday with users’ posts featuring black squares, meant to convey solidarity with the protests that have erupted after the death of George Floyd in Minneapolis. Companies joined, too, refle...

Live Stock Market Tracker and Updates

Here’s what you need to know:Wall Street added to its string of gains.Stocks on Tuesday mostly shrugged off increasingly chaotic scenes throughout the United States, as protesters and the police faced off across the country and President Trump threatened to use the military to quell widespread u...

Office Towers Are Still Going Up, but Who Will Fill Them?

Before the pandemic shut down businesses, a robust economy had powered a building boom, sending office towers skyward in urban areas across the United States. The coronavirus outbreak, though, has scrambled plans and sent jitters through the real estate industry.Skyscrapers scheduled to open...

Mark Zuckerberg’s Biggest Challenge Yet

What’s next for Big Tech? Kara Swisher, one of the most plugged-in reporters in the tech industry, will join us this Thursday at 11 a.m. Eastern for our next DealBook Debrief conference call. She will discuss how the tech giants are dealing with the political and cultural storm over free spee...

Facebook Employees Stage Virtual Walkout to Protest Trump Posts

OAKLAND, Calif. — Dozens of Facebook employees, in rare public criticism on Monday of their own company, protested executives’ decision not to do anything about inflammatory posts that President Trump had placed on the giant social media platform over the past week. The employees, who said t...

‘A Heartbreaking and Painful Week’

Want this in your inbox each morning? Sign up here.‘We have work to do’Protests against police brutality are continuing around the U.S., with a number of states imposing curfews and mobilizing the National Guard. It has been one week since the death of George Floyd in police custody in Minneapol...

Poor Countries Face a Debt Crisis ‘Unlike Anything We Have Seen’

From Angola to Jamaica to Ecuador to Zambia, the world’s poor countries have had their finances shredded by the global pandemic.The president of Tanzania has called on “our rich brothers” to cancel his country’s debt. Belarus veered toward a default when a promised $600 million loan from Russia ...

Wealthy Fliers Worried About Coronavirus Turn to Private Jet Service

Commercial air travel has plummeted in the pandemic, but interest in private jet service is surging, particularly among people who have not paid to fly privately before.For years, jet service providers have ferried corporate executives and wealthy leisure travelers who paid high fees for the p...
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YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy