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12+ min ago (348+ words) New Delhi: The State Bank of India (SBI) has announced marginal reductions in key lending benchmarks and select term deposit rates, effective from December 15. The bank reduced the rate on 2 to less than 3 years tenor to 6.40 per cent from 6.45 per cent. Senior citizens will receive a 50 bps premium over it, and their rate was cut to 6.90 per cent from 6.95 per cent. Other retail term deposit slabs were kept unchanged, a statement said. The changes affect domestic retail term deposits below Rs 3 crore, the Marginal Cost of Funds'based Lending Rate (MCLR), the External Benchmark Linked Rate (EBLR) and the Base Rate. The bank reduced the popular 444'day "Amrit Vrishti" deposit rate to 6.45 per cent from 6.60 per cent. The SBI also eased borrowing costs of home, auto and MSME loans by reducing or Marginal Cost of Funds based Lending Rate (MCLR) rates…...

26+ min ago (118+ words) NEW YORK, Dec. 12 (Xinhua) -- U.S. stocks ended lower on Friday. Read full story U.S. stocks close lower Saturday, 13 Dec 2025 NEW YORK, Dec. 12 (Xinhua) -- U.S. stocks ended lower on Friday. The Dow Jones Industrial Average fell by 245.96 points, or 0.51 percent, to 48,458.05. The S&P 500 sank 73.59 points, or 1.07 percent, to 6,827.41. The Nasdaq Composite Index shed 398.69 points, or 1.69 percent, to 23,195.17. Six of the 11 primary S&P 500 sectors ended in red, with technology and energy leading the laggards by dropping 2.87 percent and 0.93 percent, respectively. Meanwhile, consumer staples and health led the gainers by adding 0.93 percent and 0.3 percent, respectively....

42+ min ago (259+ words) Home > CryptoCurrency News > After December Rate Cut, Fed Hints at Deeper Cuts Next Year In summary, the Fed's December rate cut and forward guidance indicate a softer monetary environment heading into 2026. Bitcoin, Ethereum Stall After Fed's Third Rate Cut TL;DR: Bitcoin and Ethereum stalled or fell slightly following the Fed's third consecutive 25 basis point rate cut. The Fed did not commit to further Fed Slashes 25bps as Economic Risks Mount TL;DR: The Federal Reserve cut the interest rate by 25 basis points, setting it between 3.50% and 3.75%. The decision responds to slow job growth, Fed Meeting: Interest Rates Cut for the 3rd Time in a Row " How Crypto Markets Reacted? The Federal Reserve surprised markets by cutting interest rates by 25 basis points for the third consecutive meeting, highlighting a rare split among policymakers. Three What Will Happen to the Crypto Market Following…...

42+ min ago (1676+ words) HMRC could owe you serious cash in overpaid taxes - find out how to check if you're eligible for a refund YOU could get yourself a cash boost in time for Christmas by claiming back tax you're owed by HMRC. Millions of workers claim back hundreds of pounds of overpaid tax each year. The Sun previously revealed over eight million workers got back money in the 2022/23 tax year, receiving "943 on average. Here are six ways you can claim back cash from the taxman" Many workers end up overpaying as they're on the wrong tax code. Anyone employed or paid via PAYE is given a'tax code'by their employer via HMRC, which shows up on your payslip. Read more on money Mums could be "85k worse off due to hidden Budget raid - check if YOU are affected The 3.9% budgeting rule YOU need to know…...

43+ min ago (1046+ words) SBI has confirmed a set of rate changes that will kick in from December 15, 2025: On the MCLR side (often relevant for a wide set of retail and corporate loans), SBI has cut rates across tenors. The one-year MCLR'a widely watched benchmark'has been revised to 8.70% (from 8.75%), with comparable 5 bps cuts across the curve. [3] SBI also updated its retail deposit offerings: for example, the widely tracked "Amrit Vrishti" (444 days) rate has been revised from 6.60% to 6.45%, and the 2 years to less than 3 years bucket for deposits below "3 crore has been revised from 6.45% to 6.40% (with similar reductions for senior citizens). [4] Mainstream coverage on December 13 has focused on how this will likely reduce EMIs for borrowers while trimming yields for some depositors. [5] From a stock-market lens, rate moves matter because they affect the two levers that drive bank earnings: 1) Credit growth and demand (potential positive)…...

45+ min ago (479+ words) The reduction in goods and services tax (GST) is expected to cut consumer price index (CPI) inflation by roughly 25 basis points in the September'November 2025 period and could reduce 35 basis points this fiscal (FY26), a new report has said. The report added that the RBI has left the door open on future rate moves but expects the repo rate at 5.25 per cent will be lower for longer. GST Reduction To Cut Consumer Price Index Inflation By 25 Basis Points, Could Reduce 35 BSP: SBI Report The reduction in goods and services tax (GST) is expected to cut consumer price index (CPI) inflation by roughly 25 basis points in the September'November 2025 period and could reduce 35 basis points this fiscal (FY26), a new report has said. The report added that the RBI has left the door open on future rate moves but expects the repo rate at 5.25 per…...

46+ min ago (371+ words) 1. The dollar strengthened as U.S. risk appetite cooled, with tech-heavy selling and higher yields lifting the greenback broadly. 2. A deeply split Fed cut kept markets focused on inflation risk, reinforcing the "higher-for-longer" feel behind the dollar. 3. Brazil's high-rate carry and resilient services data still support the real, but global sentiment is doing the steering. The dollar ended Friday firmer against the real, closing near R$5.4108, as investors leaned defensive after a sour turn in U.S. markets and fresh uncertainty over the Federal Reserve's next steps. It was a modest daily move, but it captured the mood: when Wall Street gets nervous, emerging-market currencies often take the hit first, even when local fundamentals look steady. The external trigger was a clear deterioration in risk sentiment. Technology stocks led a broad pullback as investors revisited worries about stretched valuations tied to artificial-intelligence themes. As…...

51+ min ago (351+ words) 1. Brazilian stocks rose even as U.S. equities softened, led by banks after Washington reversed a high-profile sanctions move. 2. A resilient services reading and easing rate expectations supported "long duration" names like retail and healthcare. 3. The tape looked domestic, not global: Brazil's index climbed while tech-led risk appetite wobbled abroad. Brazil's Ibovespa ended Friday higher, resisting a weaker tone overseas and closing at 160,766.37, up 0.99% on the day and about 2.15% on the week. Turnover reached R$23.1 billion ($4.3 billion), suggesting real participation rather than a thin, year-end drift. The immediate catalyst was political risk relief. The U.S. removed Supreme Court Justice Alexandre de Moraes, his wife, and related entities from the Global Magnitsky sanctions list. For markets, the issue was less courtroom drama than financial plumbing: compliance filters, correspondent banking caution, and the chance of unintended spillovers into Brazilian institutions. With that tail risk suddenly…...

51+ min ago (241+ words) The recently notified four labour Codes, effective from November 21, 2025, have the potential to meaningfully expand women's participation in the workforce by making employment safer, more secure and more accessible, according to a white paper released by the All India Organisation of Employers (AIOE) in collaboration with law firm Shardul Amarchand Mangaldas. Titled "Breaking the Glass Ceiling: How the Labour Codes Boost Women's Participation in India's Workforce", the white paper noted that India's legal framework has evolved alongside social change, reflected in the rise in the female labour force participation rate from 23.3 per cent in 2017-18 to 41.7 per cent in 2023-24. The white paper also highlighted that measures such as nursing breaks, medical support and simplified proof requirements for pregnancy and delivery are critical in reducing the economic and health disruptions that often force women to permanently exit the workforce. The white paper…...

1+ hour ago (1108+ words) European equities head into the week of Monday, December 15, 2025 with a familiar mix of optimism and unease: relief that the U.S. Federal Reserve has delivered another rate cut, but fresh nerves about whether the global AI trade is overheating and whether central banks are actually done easing. For the Euronext complex'spanning Paris, Amsterdam, Brussels, Dublin, Lisbon, Milan and Oslo'the next few sessions are shaped by three forces converging at once: Below is a detailed, publication-ready "week ahead" guide, drawing on the main news, forecasts, and analysis published Dec 813, 2025. The pan-European mood into the weekend is best described as "two steps forward, one step back." On Friday, December 12, European shares ended lower, with the STOXX 600 down 0.53% on the day and flat on the week, after Wall Street-linked jitters resurfaced around the durability of the AI-led rally. Reuters linked the risk-off turn to…...