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Trump nominates Kevin Warsh as Fed chair

​President Donald Trump ​on Wednesday sent the U.S. Senate his nomination ​of former Federal Reserve governor Kevin Warsh to be the U.S. central bank's next chair, ticking off an early step in what ‌promises to ⁠be ⁠a contentious path toward his long-held goal of installing a rate-cut ​friendly Fed chief. Warsh, who would take over from Jerome Powell after ​his leadership term ends May 15, would serve a four-year-term that began February 1, according to a notice on ​the White House website. That's the ⁠seat currently ‌occupied by Fed Governor Stephen Miran, another ​rate-cut advocate ​whom Trump nominated in September.The next public ⁠step in the process is a hearing ​by the Senate Banking committee; a spokesman for ​the panel did not immediately respond to a request for information on the timing.One of the committee's members, Republican Senator Thom Tillis, has promised to block any Fed nomination as long as a Department of ‌Justice investigation into Powell regarding his...
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Maersk halts India-Upper Gulf bookings

from Economic Times https://ift.tt/SjKuRFp
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ECI may begin polls; Bengal 6–7 phases

from Economic Times https://ift.tt/pDOCayi
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India macro view by RBI Guv Sanjay Malhotra

Reserve Bank of India governor Sanjay Malhotra told Sangita Mehta and Sruthijith KK in an interview that India's Goldilocks phase can be sustained as macroeconomic fundamentals have strengthened over the decades while cautioning that global uncertainty, climate risk and technology disruptions continue to pose challenges. Policy rates are likely to stay at current levels or even go lower for an extended period, he said, provided there are no shocks. Malhotra also touched upon the economy, inflation, electronic payments, non-bank lenders, artificial intelligence and the insolvency code among other matters. The interview took place before the West Asian conflict began. Edited excerpts:Given the change in tariff assumptions and the latest inflation and GDP data, have you revised your growth and inflation outlook?In the recent MPC (monetary policy committee) statement, we mentioned that in view of the forthcoming revision in the base year and methodology, we will be giving the full-year...
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Vijayan-Mohanlal show draws poll gimmick charge

from Economic Times https://ift.tt/uUvnfdz
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PM to inaugurate Micron facility in Sanand

Chennai: Prime minister Narendra Modi will inaugurate American memory chip maker Micron's Assembly, Test and Packaging (ATMP) facility in Sanand on Saturday, as per a government press release. Union minister for electronics and information technology Ashwini Vaishnaw is also expected to be present at the event. The project, which had its ground-breaking ceremony in September 2023, was the first one approved under India Semiconductor Mission. With a total outlay of over ₹22,500 crore, once the facility is fully ramped up, it will feature around 500,000 square feet of cleanroom space. from Economic Times https://ift.tt/7SHUOL4
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Arshdeep India's top wicket-taker in T20WC

Chennai: Indian pacer Arshdeep Singh surpassed Jasprit Bumrah to become the country's highest wicket-taker in ICC T20 World Cup history on Thursday. Arshdeep achieved this milestone (35 wickets) during his side's do-or-die match against Zimbabwe at Chennai and brought his absolute best in this crucial match, taking 3/24 in four overs.In 19 matches since his debut in the 2022 T20 World Cup, Arshdeep has taken 35 wickets at an average of 14.25 and an economy rate of 7.33, with a four-fer to his name. Bumrah was previously the leading wicket-taker for India, with 33 scalps in 23 matches at an average of 14.00, with best figures of 3/7. Bangladesh's Shakib al Hasan (50 wickets) is the top wicket-taker in the tournament's history. So far in the five matches, Arshdeep has taken eight wickets at an average of 16.00, with best figures of 3/24 coming today. In the previous edition back in 2024, Arshdeep was the joint-highest wicket-taker with 17 wickets in eight matches at an av...
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