Economy Financial News

Subscribe to enjoy similar stories. China’s central bank took more steps to boost its flagging economy, after a slew of downbeat indicators recently sparked concerns that Beijing’s official annual growth target of around 5% might be out of reach. China will cut its reserve requirement ratio, or the amount of cash banks must hold as reserve, by 50 basis points, Pan Gongsheng, governor of the People’s Bank of China, said in a press briefing on Tuesday.

Donald Trump will pledge to personally recruit foreign companies and outline new incentives — including an offer of federal land — designed to lure operations to the US during an economic address on Tuesday in Savannah, Georgia. The Republican presidential nominee will outline a carrot-and-stick approach, according to a senior Trump adviser who requested anonymity to detail the proposal, luring those who sell into the US with a more favorable business climate while also threatening harsh tariffs on imports. The speech is the latest effort by Trump to cast himself as the best steward of the economy, seeking to seize on a top issue for voters with less than 50 days before the election. Trump’s Democratic opponent, Kamala Harris, is expected to outline her own economic vision during a campaign appearance in Pittsburgh on Wednesday.

Subscribe to enjoy similar stories. Bajaj Housing Finance recently entered the primary market with an initial public offering (IPO), aiming to raise ₹6,560 crore, but it drew bids exceeding ₹3.2 trillion. Similarly, PN Gadgil Jewellers sought to raise ₹1,100 crore and received bids of over ₹48,000 crore.

Deutsche Post AG, which trades as DHL Group, announced a new strategy aimed at boosting revenue by 50% by 2030 through a raft of growth initiatives. The German logistics company said it would pivot its businesses toward areas such as specialised delivery of scientific and new energy goods, markets that are expected to grow faster than the economy. The company said it also plans to simplify its structure, putting its e-commerce and postal businesses on an independent legal footing. The company will focus on “fast-growing” business areas, company Chief Executive Officer Tobias Meyer said in a statement.

property sector. People's Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and that the central bank would follow up with further cuts. That would free up more money for lending.

Officials from nine southern European Union member countries are focused on harnessing offshore wind and solar energy

U.S. stock indexes reached new heights after drifting higher in a quiet day of trading

Immigration Minister Marc Miller had a clear response about a year ago when asked if he would lower Canada’s immigration targets amidst concerns that the rising numbers could further exacerbate the country’s housing crisis.

retail sector grew at a modest 2% year-on-year in August 2024, as per the Retailers Association of India’s (RAI) 54th Retail Business Survey. Kumar Rajagopalan, chief executive of the Retailers Association of India (RAI), said, “Retail business for the month of August has not shown robust growth over last year. Many retailers have maintained that they have witnessed negative growth on a like-for-like basis. All expectations are that the festive season could bring positive growth since the situation of the economy overall is positive”. The north and south India reported a 3% year-on-year growth, while the east and west parts of the country posted 1% each.

Supply Chain Council, set up under an agreement of the 14-member IPEF, will be held in December, the commerce ministry said on Monday. The IPEF (Indo-Pacific Economic Framework for Prosperity) bloc was launched jointly by the US and other partner countries of the Indo-Pacific region on May 23, 2022, in Tokyo. Together, they account for 40 per cent of the world's economic output and 28 per cent of trade.

Anura Kumara Dissanayake as the country's new president, giving the Marxist-leaning politician a key role in deciding the future of reforms in the debt-ridden nation that is slowly emerging from a crushing financial crisis. Below are the key challenges for Dissanayake, who was sworn-in as the Indian Ocean country's head of state on Monday: ECONOMY AND GROWTH

The Conference Board issues its monthly index of U.S. consumer confidence Tuesday

With its larger-than-usual half-point cut to its key interest rate last week, the Federal Reserve underscored its belief that it’s all but conquered inflation after three long years

tax benefits are the significant factors influencing the post Covid investment decisions, said a study jointly conducted by the PHD Research Bureau, PHD Chamber of Commerce and Industry, and Jagan Institute of Management Studies (JIIMS), Rohini. The industry body conducted a study with the objectives to analyse the factors influencing the individual investments across various financial instruments and to compare the investor behaviors towards selected financial instruments in pre and post Covid years. The time period considered for the analysis includes two years of pre-pandemic (FY 2018-2020) and two years of post-pandemic (FY 2021-23).

Subscribe to enjoy similar stories. Earlier this month, the ₹9,300 crore Raymond Group announced plans to demerge into three separate entities: Raymond Ltd, Raymond Lifestyle, and Raymond Realty. As part of the demerger plan, the company intends to list all three companies over time.

BEIJING — More economists are calling for China to stimulate growth, including those based inside the country.

Subscribe to enjoy similar stories. India is experiencing a flight of the wealthy, and that is not a great feeling. As the fastest growing large economy in the world, with its ease of doing business improving—strike-prone Kerala recently won the Centre’s prize for the best-in-class business reforms—India should be not just retaining its rich and talented, but also luring to its shores entrepreneurs from around the world.

Subscribe to enjoy similar stories. The Indian stock market hit new highs on Friday, driven by the US Federal Reserve’s decision to cut interest rates. This fuelled optimism in the market, with both the frontline indices Nifty 50 and Sensex recording healthy gains.

Kamala Harris plans to roll out a new set of economic policies this week that aim to help Americans build wealth and set economic incentives for businesses to aid that goal, three sources with knowledge of the matter said. The new policies, which have not been previously reported and could be announced in Pittsburgh on Wednesday, come as undecided voters continue to ask for more information about how Harris would help them economically if she were elected president in November, including those in critical swing states, the sources said. Harris, speaking to reporters on Sunday after Reuters reported the expected rollout, said she would outline her vision for the economy in a speech this week.

Marxist lawmaker Anura Kumara Dissanayake has won Sri Lanka’s presidential election as voters rejected the old political guard that has been widely accused of pushing the nation into economic ruin