India kicks off $11.5 bln spectrum auction; analysts expect lacklustre bidding
India has offered telecom spectrum worth around 962.38 billion rupees ($11.53 billion) for auction on Tuesday, it said in a release, even as analysts expect lacklustre participation from players as they shore up their existing spectrum. A total of 10 GHz of radiowaves is up for sale in this auction, ranging between 800 MHz to 26 GHz. […]
ECB’s Knot backs one or two more rate cuts this year
European Central Bank policymaker Klaas Knot on Thursday backed market expectations for one or two more interest rate cuts this year as inflation appeared to be headed towards the ECB’s 2% target. The ECB began undoing its steepest ever streak of rate hikes earlier this month but left options open as to what it would […]