Economy Financial News

Goods and services tax (GST) collections recovered from record lows in September to post a healthy 8.9% rise in October from a year earlier to Rs 1.87 lakh crore. Several auto companies such as Maruti Suzuki, Tata Motors, Mahindra & Mahindra and JSW MG Motor India reported record sales last month.

jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end of a presidential race that has pivoted heavily on voters' feelings about the economy. Last month's hiring gain was down significantly from the 223,000 jobs that were added in September.

Total nonfarm payrolls published by the US Bureau of Labor Statistics today (1 November) came in significantly below market expectations, with economists polled by Reuters expecting the figure to stand at 113,000. At the same time country's unemployment rate remained unchanged at 4.1% from September and slightly lower than the 4.2% recorded in August. The figures for October were also below the downwardly-revised 223,000 jobs created in September. US economy adds 254,000 jobs in September as unemployment rate softens The largest increase last month came via the healthcare sector...

Bill Clinton may have done more damage to the Democrats than he can imagine, after his sudden statement that the US economy was in a better condition under Donald Trump. However, he also urged Michigan voters to vote for Kamala Harris in the upcoming US elections.

Amazon is leading a rally for U.S. stock indexes, while a surprisingly weak jobs report marred by some unusual occurrences is cementing bets on Wall Street for another cut to interest rates next week

The third quarter has been a real thorn in the side of the Bank of Canada when it comes to trying to pin down gross domestic product, and the latest data is only causing policymakers more grief.

US manufacturing activity slumped to a 15-month low in October and factories faced higher prices for inputs. The Institute for Supply Management (ISM) said on Friday its manufacturing PMI fell to 46.5 last month, the lowest level since July 2023, from 47.2 in September. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. The decline in the PMI could be reflecting a strike by factory workers at planemaker Boeing, which has halted the production of its best-selling 737 MAX as well as 767 and 777 wide-body programs. The labor strife contributed to depressing industrial production in September.

FOX Business Stuart Varney examined why most Americans are unhappy with their financial position as the U.S. economy thrives.

Growth in the Canadian economy remained unchanged in August, putting gross domestic product on track to grow at an annualized rate of just one per cent in the third quarter, Statistics Canada said on Thursday, paving the way for another cut by the Bank of Canada in December.

Buy low, sell high, they say. Well, it looks like condo sellers in some towns (looking at you, Toronto) are about to give buyers a windfall chance at low prices.

Pierre Poilievre says Canada is broken. Polls say 70 per cent of Canadians agree. But what does that claim really mean?

TORONTO — The Canadian dollar is trading against the U.S. dollar at levels not seen since 2020 as the combined pressures of economic outlooks, elections, and energy prices weigh. Here’s what you need to know.

Samsung Electronics Co. is poised to account for about half of South Korea’s economic growth this year, making its biggest contribution on record, Bloomberg Economics said, in commentary that underscores the company’s significance in an economy that ebbs and flows with the global semiconductor industry. Samsung is South Korea’s largest company, accounting for about 8% of manufacturing output and 17% of the main stock index’s total market capitalization. Based on the gross profit its South Korea-based units generates, the company will likely be responsible for 1.1 percentage points of the 2.2% growth that the economy is expected to post this year, BE economist Hyosung Kwon said Friday in an analysis based on a series of data available since 2008. The report underscores the importance of Samsung’s efforts to secure orders for high-bandwidth memory from Nvidia Corp. and other developers of computer processors that power artificial intelligence development. It also highlights the concentration of clout that Samsung has over Asia’s fourth-largest economy after global demand for memory chips increased.

LONDON — British tech bosses and venture capitalists are questioning whether the country can deliver on its bid to become a global artificial intelligence hub after the government set out plans to increase taxes on businesses.

Donald Trump and Vice President Kamala Harris are locked in a fierce battle as the US will vote on November 5, set to be one of the most important economic and political events in recent history. These elections are a pivotal moment in US history which could have massive implications for how the country is governed and for the future of the post-war order that Washington has helped build. The biggest question now remains- Will Kamala Harris become the first woman President of the United States or would Trump win? What if Trump becomes the President once again after US election results next month? ALSO READ: US election result date: Donald Trump or Kamala Harris? When will we know the winner?

India's economy has been a shining star when it comes to growth. Even as IMF lowered expectations for the world, including China's, it bumped up India's. So, there's little debate about the direction of the economy.

A Lebanese judge has charged the country’s detained former central bank governor with illicit enrichment and issued an arrest warrant

Former Bank of America Vice Chair Keith Banks on the state of inflation, the earnings period and the September PCE release on ‘Mornings with Maria.’

A study by the Asian Development Bank shows that countries in Asia will suffer worse damage from the climate crisis than other regions and they are not spending enough to limit the damage and adapt to changing weather patterns and natural disasters

The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning to its highest level since early August

Israeli cabinet ministers were to start voting later on Thursday on a long-awaited wartime budget for 2025 that will rein in spending and raise a host of taxes to pay for the military conflicts that have engulfed the country. The wars in Gaza and Lebanon have cost Israeli coffers tens of billions of shekels on spending for defence — equipment and in manpower after hundreds of thousands of citizens were called into reserve duty — and in compensation for those impacted. «Our security also depends on the economy. We cannot have a strong military if we have no way of financing it,» Prime Minister Benjamin Netanyahu said at the outset of the cabinet meeting before the budget vote, which could run into the night.