The government nominees to the MPC have been shortlisted by a Search-cum-Selection Committee headed by the Cabinet Secretary with RBI Governor and Economic Affairs Secretary and three experts in the field of economics or banking or finance or monetary policy as its members.
Prices remain more than 20 percent higher than a six-week low hit earlier in August, supported by the potential freeze or even cut in output following next month's meeting in Algeria between the Organization of the Petroleum Exporting Countries (OPEC) and other major producers like Russian Federation.
The shakeup announced Wednesday means about seven per cent of Cisco's roughly 74,000 workers will lose their jobs beginning this summer. For the entire fiscal year, Cisco reported revenue of $48.7 billion, a growth of 3 percent from $47.3 billion during the previous fiscal.
Members of the Fed's rate-setting federal open market committee were generally upbeat about the United States economy and labour market, but several said any slowdown in future hiring would augur against a near-term rate hike. United States stocks eked out gains on Thursday following upbeat earnings and forecasts from Wal-Mart and as higher oil lifted energy shares. Fed officials were divided on the timing of raising interest rates this year, with some urging to go soon given the ...
The choice of the city as one of the best places to live in and do business by multinationals like Lockheed and IBM was confirmed anew when a business magazine named Melbourne for the sixth straight year the most liveable city in the world.
Low rates have pushed up stock prices and any change might cool investor enthusiasm. ANALYST'S TAKE: "There is clearly strong disagreement within the Fed with regards to the timing of further rate hikes", Angus Nicholson of IG said in a report.