The widely expected move comes after a steady rise in yields since the start of the year that has mostly mirrored a similar move in US Treasuries rather than reflecting improved economic prospects

The Swiss-based BIS also noted how wild retail trading-driven swings in stocks such as GameStop recently had helped whip up volatility

The Davos Agenda Summit will be held from January 25-29, with several heads of state scheduled to deliver special addresses and engage with business leaders

U.S. Treasuries rose while the dollar slightly eased after a volatile overnight session in currency markets, with traders now looking ahead to a European Central Bank monetary policy meeting

On the sectoral front, barring FMCG and PSU Banks, all the indices ended in green, with metal and realty registering over 2% gains

Gold, Silver prices today: Silver September Futures traded at Rs 61,837 per kg today, falling Rs 258 over the last close of Rs 62,095 per kg.

India Stock Market Highlights Today: HCL Tech, followed by L&T, M&M, Tech Mahindra, Maruti, TCS, Asian Paints, Infosys and HDFC Bank were among the top gainers today. On the other hand, ONGC, Nestle India, SBI, ICICI Bank and IndusInd Bank were among the laggards

Raising women's participation in the Indian labour force to that of men can boost India's GDP by 27 per cent according to a joint paper by then IMF chief Christine Lagarde and Norway's Prime Minister Erna Solberg

Global coronavirus news: Cases in Pakistan surged past 25,000 on Friday, just hours before the government was due to lift lockdown steps

Global markets latest: Federal Reserve moved to provide $1.5 trillion in short-term liquidity and changed the durations of Treasuries it buys

The recent Indian inter-ministerial committee report (which went as far as to recommend an outright ban on crypto-asset activity) recognised that global standard-setting bodies would drive the way forward and that a standing committee in India should accordingly re-visit the issues in its report

The spread of the novel Coronavirus in China and beyond presents \"a new layer of uncertainty\" for the European economy, European Central Bank chief Christine Lagarde said Wednesday; The United States Senate Wednesday acquitted President Donald Trump on two articles of impeachment -- abuse of power and obstruction to Congress -- giving him a major political and moral victory in an election year; Pakistan Prime Minister Imran Khan said on Wednesday that his Indian counterpart Narendra Modi has committed a \"fatal mistake\" by revoking the special status of Jammu and Kashmir; Watch this and more on News Blast.Also read: RBI announces tweaks in liquidity management frameworkAlso watch: MG Motor India unveils Marvel X at Auto Expo 2020

LinkedIn's CEO Jeff Weiner resigns from CEO post; passes the buck to Ryan RoslanskyLinkedIn's  Chief Executive Officer (CEO) Jeff Weiner has resigned from his post after 11 years at the helm of the company. He will become executive chairman while Ryan Roslansky who is currently the senior vice-president of product will become CEO as of June 1, Microsoft said in a statement on Wednesday.Over 5 crore farmers yet to get third installment of money under PM-Kisan schemeOver fift...

The World Economic Forum will be marking its 50th anniversary this year. The event will be held from January 21-24, 2020, in Davos, Switzerland. Its foremost aim is to engage world's top leaders in collaborative activities to shape the global, regional and industry agendas at the beginning of each year. This year, the theme of the annual meeting would revolve around the role of stakeholders for a cohesive and sustainable world. Every year, the world waits for eminent speakers to share their thoughts and plans for the coming year on critical issues. Here are some of the important speakers from this year's line-up. Watch the video for more.Also Read: WEF summit 2020: The yearly jamboree to host over 3,000 climate heroes this week

Forbes most powerful women list: Other Indian women who made it to the list are Roshni Nadar Malhotra, who has been placed on the 54th spot and Kiran Mazumdar Shaw at 65th spot

European Union leaders confirmed on Friday the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1

Georgieva, on a leave of absence from her post as chief executive officer of the World Bank during the IMF nomination process, told reporters she was in high gear with her sleeves rolled.