Economy Financial News

18.11 / 15:35
UPS CEO economy Trade President International Xi seizes role as global defender of free trade against Trump
As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.
18.11 / 11:27
markets UPS CEO economy wellness trends reports Goldman Sachs: Trump tax cuts, deregulation will boost growth; tariffs could be a drag
Consumer Technology Association CEO Gary Shapiro discusses how tariffs impact the prices of laptops on The Claman Countdown.
18.11 / 10:43
COST Citizens economy Universities country Equality politician The Indian economy is yet to fully escape the state’s shackles
Subscribe to enjoy similar stories. Indian citizens are hesitatingly capitalist. Perhaps because of this, Indian politicians are unhesitatingly statist.
18.11 / 09:37
economy Election Trade President country Relationships International Indonesia will need to walk a fine line once Trump is back in the White House
Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.
18.11 / 08:29
markets Provident Digital economy Trade PAM reports Trump, rupee and economic growth: What's in store for India in 2025?
Indian economy in 2025. While the outlook remains optimistic, the report, authored by Radhika Rao Senior Economist, DBS Bank and Philip Wee, Senior FX Strategist, DBS Group, highlights both structural strengths and cyclical headwinds.
18.11 / 07:43
security economy President War country peace The terrifying perils of appeasing a warlike Russia
Subscribe to enjoy similar stories. IN BARRACKS SQUARE in old Helsinki stands an unusual monument to a war. A towering sculpture of a soldier’s winter snowsuit, its polished steel body is pierced with large round holes, as if still standing after a strafing by cannon fire.
18.11 / 07:23
markets economy students reports Department International India surpasses China as top source of international students in the US, first time in 15 years
international students in the United States, according to the latest Open Doors Report on International Educational Exchange. During the 2023-2024 academic year, over 331,602 Indian students pursued higher education at US institutions, representing a significant 23% jump from the previous year. This increase was primarily driven by graduate student enrollment, which saw a 19% rise to reach 196,567 students. The report also highlights a significant 41% increase in Indian students participating in Optional Practical Training (OPT) after graduation, reaching a total of 97,556. “The experience of studying in the United States not only shapes the lives of individuals, but the future of our interconnected world,” said Scott Weinhold, senior bureau official for the Department of State Bureau of Educational and Cultural Affairs. “The ties formed between US and international students today are the basis of relationships for future business and trade, science and innovation, and government relations.”
18.11 / 06:35
markets UPS economy Election Trade show electronic Stock market today: Asian shares are mixed after Wall Street suffers worst loss since Election Day
Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day
18.11 / 04:49
markets COST Progressive Action economy country COP29 week one ends in deadlock as divisions stall climate action progress
COP29 summit concluded in Baku without significant breakthroughs, as deep divisions between developed and developing nations stalled progress on key issues like climate finance, trade measures, and equitable responsibility for climate action. India, representing the G-77/China and BASIC blocs, demanded accountability from wealthier countries on unmet financial commitments. The G-77/China bloc reiterated the call for $1.3 trillion annually in climate finance, with an emphasis on grants and concessional funding to avoid burdening vulnerable economies already grappling with the impacts of climate change. «Loans make up nearly 70 per cent of climate finance provided so far. This is unacceptable and places undue pressure on developing economies,» an Indian negotiator had asserted, urging developed nations to move away from debt-inducing mechanisms.
18.11 / 03:25
markets FIVE economy Trade performer rights Why should one buy into banking when the economy is slowing down? A Balasubramanian explains
A Balasubramanian, MD & CEO, Aditya Birla Sun Life AMC, says historically, if you want to build a portfolio, the best time to buy in the market is when the worst of possible news keeps coming in. That is when the market starts pricing in the news. Therefore, you will be able to get a price that you want to buy. Second, when economic growth comes in, the reward could be high. Given that our ambition of becoming a $10-trillion economy has not been taken away in the last three-four months, and nothing has changed, as long as that remains strong and credit growth is a driver of economic growth, banking sector remains a bet. Are there any opportunities arising at this point in time because everyone is worried about going ahead and catching the falling knife? A Balasubramanian: Yes, of course, if you take the fundamentals of some of these sectors, whether it is capital goods or auto sector, fundamentally, nothing is changing except cyclical nature. Even metal sectors have fallen.
18.11 / 03:25
markets Strategy Analysis economy MSCI Trade recommendations Goldman Sachs downgrades Hong Kong stocks to underweight
Hong Kong stocks are cheap but may miss out on the benefits of China's efforts to support its economy, analysts at Goldman Sachs said, while downgrading their recommendation on the market. «Although valuations are not demanding, Hong Kong does not offer much economic or earnings growth,» Goldman analysts said in an Asia-Pacific portfolio strategy note published on Sunday, which recommended an underweight allocation to Hong Kong.
18.11 / 03:17
markets Target Cooper Action economy Food Actor Economic growth shouldn’t have to suffer for want of a market solution
Subscribe to enjoy similar stories. There is an old ditty that India’s struggle with inflation brings to mind: For want of a nail the shoe was lost / For want of a shoe the horse was lost / For want of a horse the rider was lost / For want of a rider the message was lost / For want of a message the battle was lost / For want of a battle the kingdom was lost / And all for the want of a horseshoe nail. It illuminates the country’s plight, with its central bank constrained by high inflation from easing interest rates in response to signs of a slowing economy. Inflation is high because vegetable prices are high, onion and tomatoes leading the charge.
18.11 / 01:15
markets Manufacturing Strategy economy Research Trade Experts Trump administration With the Trump administration for next four years, should Indian investors rethink their strategies?
Volatility, stronger dollar Trump 2.0 is largely expected to play out in a similar vein as his previous stint at the helm. The US is likely to break away from traditional ways of governance and policy-making, charting a different path than the rest of the world. Vinit Bolinjkar, Head of Research at Ventura Securities, points out, “Trump’s administration has previously shown a willingness to shake up existing norms. So we might see economic indicators like inflation and interest rates in the US diverge more sharply from global trends.” This divergent path will clearly bring elevated uncertainty to global financial markets. Prashant Tandon, Executive Director, Investment Advisory, Waterfield Advisors, insists, “The Trump sweep will ensure that macro volatility will remain elevated in the foreseeable future.”
18.11 / 00:27
markets COST UPS Strategy economy Hero Motocorp’s ride may be easy
Subscribe to enjoy similar stories. Hero MotoCorp Ltd’s shares are down 26% from its 52-week high of ₹6,246.25 per share on 24 September. It appears that the stock, too, has been suffering due to the general downturn in the stock market as there is no other apparent reason.
18.11 / 00:27
COST UPS Target Action economy wellness reports How India plans to push green steel with production, purchase mandates
Subscribe to enjoy similar stories. New Delhi: The Centre is working on green steel mandates for the local steel industry, supported by government procurement and financial incentives, as the world's second-largest maker of the alloy works to prepare the sector for the future. The upcoming National Green Steel Mission is likely to mandate steelmakers to make a fixed share of their overall output green, the people cited above said on the condition of anonymity.
18.11 / 00:27
markets UPS economy Election trends recommendations rights ‘High valuations won’t stop investors from buying Indian equities’
Subscribe to enjoy similar stories. India stands out as a compelling growth and transformation story, largely driven by infrastructure, with GDP growth projected at 6.5% or higher in 2024 and 2025—one of the highest growth rates of any peer economy in the world, said Stefan Hofer, managing director and chief investment strategist at LGT Bank Asia. “So, we want to buy that growth." Though, “the natural caution is the valuation," he warned.
17.11 / 22:21
UPS economy President consequences Canada Post, union gear up for renewed bargaining with special mediator
Canada Post and the union representing striking postal workers will head back to the bargaining table on Monday, this time with a special mediator appointed by the federal government.Members of the Canadian Union of Postal Workers (CUPW) took to the picket lines Friday in a nationwide strike that has halted all mail and parcel service by the Crown corporation.Jan Simpson, president of CUPW, told Global News’s Amandalina Letterio on Sunday that talks between the union and employer are set to resume on Monday.Peter Simpson, a special mediator appointed by the federal government on Thursday, will guide the renewed negotiations.Jan Simpson said the union “looks forward to working with the new mediator,” adding that “the best collective agreements are those negotiated at the bargaining table.”A spokesperson for Canada Post told Global News on Sunday that the Crown corporation also supports the appointment of a special mediator, but added that “the parties remain far apart at the table.”“We remain committed to reaching new agreements at the bargaining table, and not through arbitration and discussions continue,” the spokesperson said.Labour Minister Steve MacKinnon said on Friday he “is not looking at any other solution other than negotiation” to end the Canada Post strike, which business groups have charged will have damaging consequences for the Canadian economy and small businesses.MacKinnon intervened this past week in port shutdowns across British Columbia and Quebec, ordering binding arbitration to get goods flowing again through maritime channels.Postal workers are seeking improvements in wages, benefits and health and safety conditions after years of stagnant pay through the COVID-19 pandemic and recovery.Canada Post
17.11 / 17:29
markets Strategy economy country audience innovations peace India has embarked on new journey and goal is to build 'Viksit Bharat': PM Modi
Viksit Bharat' as he outlined his government's achievements during the last ten years. Addressing the Indian diaspora in the Nigerian capital, Modi also said that India has emerged as a new hope for the world, embodying growth, peace, prosperity, and democracy. Modi, who began his speech with «Sannu, Nigeria», which translates to «Hello», said this was his first visit to Nigeria as Prime Minister, but he did not come alone. «I have brought with me the fragrance of Indian soil and many good wishes for all of you on behalf of crores of Indians,» Modi said.
17.11 / 15:59
COST Aware economy Research Universities Department International India adopts CubeSat standard for global satellite play
Subscribe to enjoy similar stories. New Delhi: India has adopted the global standard for CubeSat—a class of small satellites—as part of the Union government’s efforts to expand the country’s share in the global space economy, two people aware of the development said.
17.11 / 12:47
markets Compilation security Analysis economy Trade International UAE-listed stocks top $1 trillion in value for the first time
That makes the combined UAE market, which includes exchanges in Dubai and Abu Dhabi, bigger than Milan or Madrid. While dwarfed by the nearly $3 trillion Saudi Arabian bourse, the UAE is larger than most emerging markets, barring a few like India and China, according to data compiled by Bloomberg.
17.11 / 10:49
Provident Platform Action economy Nov Research blues Global maritime forum 'Sagarmanthan' to kick off on Nov 18
Observer Research Foundation (ORF), the maiden edition of 'Sagarmanthan — The Great Oceans Dialogue' aims to foster knowledge on maritime sector and provide a premier global platform for global leaders, policy makers, business moguls, thought leaders and visionaries to share, learn and shape actionable insights towards effective decisions for a future ready, sustainable and efficient marine sector, the statement said. Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal said, «Sagarmanthan is an attempt at celebrating the best available knowledge in maritime sector from global experts with deep understanding, wisdom and insights on upcoming trends.» Sonowal further said as India's role as an important and key maritime player has increased manifold, this platform offers a premier platform for everyone to seek knowledge, share wisdom, chalk out pathways and set the course for maritime sector's collective journey onwards.

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