Why Wall Street's Worried About the End of Rajan's Reign (News: 20/06/16)

Today's Press

• 'Brexit' vote tops Yellen as week's main event

  Also on Wall Street's what-to-watch list is Janet Yellen. The Federal Reserve chair gets another shot — this time in her semiannual testimony to Congress Tuesday and Wednesday— to explain the U.S. central bank’s revised, updated and less sanguine view on the pace of U.S. economic growth and interest-rate hikes.

• India makes it easier for foreign firms to invest in many industries

  India announced a slew of far-reaching measures on Monday to ease foreign investment in defense, civil aviation, pharmaceuticals, retail, food trade and broadcasting, a move that officials say will strengthen the country’s efforts to be a global “manufacturing hub.”

• Why Wall Street's Worried About the End of Rajan's Reign

  At India's central bank, the former International Monetary Fund chief economist not only oversaw a revolution in the conduct of monetary policy but also pushed for structural reforms and commented on fiscal policy, often drawing the ire of lawmakers in the process.