Business News
Home > Business News
Asian markets tumble to 15 month lows, Fed expected to raise interest rates 6 times this year
TIWN
TIWN
PHOTO : TIWN
New Delhi, Jan 30 (TIWN) Stock markets in Asia have tumbled to their lowest in nearly 15 months after Americ's central bank chief confirmed widely expected plans to increase interest rates this year, beginning in March, The Guardian reported.
With investors also concerned about political tensions between Russia and Ukraine, supply chain problems and rising oil prices, the prospect of sustained increases in the cost of borrowing by the world's most powerful economy sent a spasm of anxiety through financial markets on Thursday.
Add your Comment
Comments (0)
More Business News
- Sri Lanka green lights Elon Musk's Starlink satellite service
- Startups in India raise over $97 million in election result week
- Space infrastructure, geo-intelligence vital for national security: Experts
- Investors gain Rs 28 lakh crore in just 3 trading sessions as PM Modi set to begin 3rd term
- India embarks on clean energy journey amid billions of dollars investments opportunity