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European shares inched higher on Wednesday, led by automobiles and utilities stocks, as investors analysed a slew of mixed corporate earnings from heavyweights such as Deutsche Bank and Roche. The pan-European STOXX 600 index ticked 0.1% higher as of 0712 GMT. Eurozone bank stocks held back some gains as Deutsche Bank's shares fell 2.7%.

World Economic Outlook (WEO) and expected India to grow at 7 per cent in the current fiscal year ending March 31, 2025 and 6.5 per cent in the next fiscal year (FY2025-26). «In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted, as the economy reconnects with its potential,» the IMF said in the World Economic Outlook. Looking beyond the one-year outlook, the global economy faces a feeble period of medium-term growth, the IMF said as it called for a slate of reforms in its latest WEO during the annual meetings of the fund and the World Bank in Washington.

Subscribe to enjoy similar stories. Chinese residents have been illicitly moving billions of dollars out of the country under authorities’ noses as a cratering property market and economic uncertainties push people to find safer places to park their wealth overseas. Moving fortunes out of China is hard: The country imposes strict capital controls that cap individual purchases of foreign exchange at $50,000 a year.

corporate bond funds in October 2024. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

United Nations agencies have long warned that it could take decades to rebuild Gaza after Israel's offensive against Hamas, one of the deadliest and most destructive military campaigns since World War II. Now, more than a year into the war, a new report speaks in terms of centuries. The U.N. Conference on Trade and Development said in a report released Monday that if the war ends tomorrow and Gaza returns to the status quo before Hamas' Oct. 7, 2023, attack on Israel, it could take 350 years for its battered economy to return to its precarious prewar level.

inflation falling below the central bank's 2% target, signalling a change in their focus after years of excessive price growth. Inflation in the euro zone dipped to 1.7% last month and could be back at 2% on a durable basis in the first months of 2025, ending three years of excessive price growth, when inflation even briefly rose into double digits.

interest rate cuts. Stocks moved between losses and gains in Japan and South Korea, with those in Australia modestly higher. Futures pointed to gains in Hong Kong. US contracts were flat after the S&P 500 closed little changed. Treasury 10-year yields hovered near 4.2% after topping that level for the first time since July.

Europe was a bright spot for the Indian IT industry's growth when its chips were down. But as North America has started gaining traction for the IT services industry, the other side of the pond has begun to show signs of softness for many of the top IT companies. Experts also say Europe is facing a decelerating economy which is unlikely to improve in the near future and, hence, clients are pulling back hard on discretionary spends and looking to delay large projects. While IT leaders' commentaries on Europe didn't reflect on their Q2 numbers, analysts say they are largely reflective of deal pipelines and will show in coming quarters. Infosys in its Q2 earnings call said that in Europe, the automotive sector was challenged recently while discretionary spend remains under pressure.

Making Money host Charles Payne reveals how much the top 1% actually pay in taxes.

According to a Business Insider report, there is a chance of a 'no landing' scenario, where things would be bullish for US stocks. Under these circumstances, high-dividend yielding sectors will be benefited since short-term rates will collapse first. This scenario also includes a major run for hot economic data and growth which will end up in boosting the US markets but will also witness a steep rate cut cycle from the US Federal Reserve, says Business Insider. Institutions like the Bank of America and UBS could be one of the primary once affected in this no landing outcome but it must also be noted that under these estimated circumstances, the growth of the US markets remains stronger than ever, with a deflation of inflation fears along with an elevation of interest rates. Also Read: What is the Golden Visa that Prince Harry and Meghan Markle are eyeing by buying a house in Portugal? <div data-placement=«Mid Article Thumbnails» data-

Venezuela’s top prosecutor has announced the arrest of a former oil minister and accused him of working with the U.S. government to undermine the industry that drives the country’s economy

national economy and JP Morgan CEO Jamie Dimon is of the opinion that the 'Buffett rule' could help in clamping down US debt for now. According to the top bank executive, the United States could actively bring down run away boring without eliminating its spending spree, if the government keeps investing in the right initiatives.

In its biannual World Economic Outlook, the Washington-based organisation revised its UK growth forecast for 2024 to 1.1%, up from the 0.7% predicted in July. However, its projection for 1.5% growth in 2025 remained unchanged.  This change in the UK's economic outlook was the second largest uptick in projections since July among advanced economies, with only Spain receiving a larger predicted increase of 0.5%.  IMF urges Reeves to temper debt levels to avoid triggering 'adverse market reaction' Ahead of her first major fiscal event next week, Reeves embraced the IMF's predictions: ...

The global war against inflation has largely been won — and at surprisingly little cost to economic growth, the International Monetary Fund has declared

Subscribe to enjoy similar stories. The U.S. is increasingly pulling ahead of the world’s advanced economies, with a surge of investment paying off in higher productivity and wages.

Subscribe to enjoy similar stories. Thiruvananthapuram/Chennai: After decades of planning and years of delay, the Vizhinjam International Transhipment Deepwater Multipurpose Seaport, India’s deepest natural port and its only container transshipment hub, located 25 kilometres from Kerala’s capital Thiruvananthapuram, is ready for operation. Developed by Adani Ports and Logistics, the port’s trial run began in July this year.

IMF) has maintained India’s growth forecast at 7% for FY25, consistent with its July prediction, highlighting that the "pent-up demand" during the pandemic is diminishing as the economy returns to its potential. It is 0.2 percentage points up from the April outlook. For FY26, the forecast stands at 6.5%. The projection is higher compared to both advanced and emerging economies. The global economy is expected to slow to 3.2% in 2024 from 3.3% in the year before.

West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday. Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape. «There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components,» Pant said. He reaffirmed the government's commitment to fostering industrial growth and attracting investments while emphasising ongoing efforts to improve infrastructure and streamline policies to create a business-friendly environment.

Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks...

China’s Xi Jinping, India’s Narendra Modi and other global leaders have arrived in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying the Western liberal order

Global shares are mostly lower in cautious trading ahead of earnings reports around the globe