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Libertarian President Javier Milei of Argentina has presented the 2025 budget to Congress, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers

Germany’s opposition center-right Christian Democratic Union has chosen its leader Friedrich Merz to be its candidate for chancellor in next year’s national election

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak

Shares are mostly higher in Europe and Asia as world markets await an expected interest rate cut by the Federal Reserve

Vinit Sambre, Head-Equities, DSP Mutual Fund, says although the price moves have been pretty fast and we did not anticipate the quick up move, nowadays, the narratives take over significantly, and hence, at any point in time, the room or the margin of safety becomes very low. The momentum should be sustained as far as the IT sector is concerned. Specialty chemicals is not a homogeneous sector, and for each company, the metrics are different and we are still seeing challenges with some companies. Some companies are emerging slightly better where they have been able to crack new clients and I think we are being very stock-specific out here. What about the liquidity flow that we have seen because the FIIs have decidedly either not participated or been on the fence for the most part? It has been a domestic-driven rally for our markets. Is that going to continue? Vinit Sambre: This is one of the important facts where markets should not see big declines because the dips are going to be used by all sorts of investors to build positions. You are right FIIs have been on the sidelines. Even our interaction with a lot of them suggests that they are pretty much sold on the India macro story. They all understand the story. They want to participate, but just that some of them are a bit cautious around the valuations, and the moment we have some bit of easing out on valuations, investors will want to come into and participate in the long-term growth story out here.

The figures further highlight the slow-burning demographic crisis gripping the world's fourth-biggest economy as its population ages and shrinks. As of September 1, Japan had 95,119 centenarians, up 2,980 year-on-year, with 83,958 of them women and 11,161 men, the health ministry said in a statement.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Subscribe to enjoy similar stories. The Federal Reserve is set to cut borrowing costs at its two-day meeting that ends Wednesday. The goal: preserve a solid job market now that price pressures have cooled.

Sensex and Nifty opened on a muted note with buying seen in FMCG stocks. Britannia, Tata Consumer and HUL were trading 1% higher each while Tata Motors fell over 2% after 1.9 crore shares of the bluechip were trade in a large block deal.

Subscribe to enjoy similar stories. The longed-for moment is almost here. For two and a half years, ever since America’s Federal Reserve embarked on its fastest series of interest-rate rises since the 1980s, investors have been desperate for any hint of when it would reverse course.

Subscribe to enjoy similar stories. The war in Gaza that started on 7 October 2023 is nearly a year old and shows no signs of ending anytime soon. That the war broke out is not a surprise to veteran market watchers, its continuation is.

Subscribe to enjoy similar stories. The Competition Commission of India’s (CCI) recent easing of a company takeover rule marks a welcome shift in a country where hostile acquisitions have long been viewed with alarm. Under the CCI’s revised rule, companies will no longer need its approval to acquire up to 25% of a target’s shares in the secondary market before making a formal bid.

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US elections 2024 has been mostly about the current economic scenario of the country and his visions of making it progress further and also strengthen it over his Presidential tenure, if elected to the White House.

That vulnerability has also been increased by the fact much of the money comes in through mutual funds and exchange-traded funds, the bank said in a report published Monday. «These funds display a greater sensitivity to the dollar than other investors,» analysts Gaston Gelos, Pietro Patelli and Ilhyock Shim wrote. Developing countries should broaden their investor base to avoid an «overreliance on mutual funds.»

Narendra Modi on Monday said India's leap in the renewable energy segment offers tremendous opportunities for investors not only in energy generation but also in the manufacturing sector. «India is striving for complete made in India solutions and creating many possibilities. It is truly a guarantee of expansion and better returns,» Modi said at Global Renewable Energy Investors Meet and Expo organised by the ministry of new and renewable energy and CII. India's renewable energy demand is rising and the government is making new policies to support it, he said. Efforts are being made for 'Make in India' in the sector and the growth in the segment presents a good opportunity for the same, he said.

In the world of finance, gravity can serve as a metaphor for the intrinsic forces that pull asset prices towards their fundamental values.

The Commerce Department delivers its latest snapshot of U.S. retail sales Tuesday

European shares started a data-packed week on a lower note as traders maintained a cautious stance ahead of a long-awaited monetary easing cycle by the U.S. Federal Reserve, with many leaning towards a bigger-than-expected rate reduction. The pan-European STOXX 600 index was down 0.3%, as of 0710 GMT on Monday, with all major European markets lower and most of the sub-indexes trading in the red.

«The forex has been relatively stable. So, we have got to see how this navigates. For us, we have got a very clear, focused strategy to deliver growth and be in the top two in incremental growth, as you have seen in the quarter that went by,» says Rajiv Rajgopal, MD, Akzo Nobel India. Given that crude is such a crucial raw material for you, tell me the dip below 70, how is that impacting your life? Rajiv Rajgopal: Look, as far as the crude is concerned, the dip had gone down to almost $68. It has come back to 70, so it is a little unpredictable at this point of time. Firstly, whatever little benefits that come, you would see it more accrue in the next quarter and more likely in the fourth quarter if this continues.