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Three interest rate cuts in, the Bank of Canada is now firmly entrenched in an easing cycle that has major implications for where Canadians’ money can earn them the best returns.

BEIJING — China's retail sales, industrial production and urban investment in August all grew slower than expected, according to National Bureau of Statistics data released Saturday.

Former Bank of Canada governor Stephen Poloz sees recession conditions in many parts of the Canadian economy, as growth fails to keep pace with an increasing population.

Chinese banks extended 900 billion yuan ($126.86 billion) in new yuan loans in August, up 246% from July but short of analyst expectations, data released by the People's Bank of China (PBOC) showed on Friday. Analysts polled by Reuters had predicted new yuan loans would reach 1.02 trillion yuan last month, versus 260 billion yuan the previous month, but lower than the 1.36 trillion yuan a year earlier. «Both broad credit and bank loan growth slowed in August, coming in below expectations,» Leah Fahy at Capital Economics said in a note. «While stronger government spending should give the economy a boost over the coming months, that doesn't seem likely to be helped by any pickup in private credit demand.»

The Biden administration is cracking down on the cheap products sold out of China by companies such as Temu and Shein

U.S. stocks are rising closer to their records as they close out their fourth winning week in the last five

Hedge fund billionaire John Paulson, who made a name for himself by betting against the housing market during the financial crisis and who is today a prominent supporter of former President Donald Trump, said there could be a collapse in the financial markets and a recession if Vice President Kamala Harris' proposed tax plans become a reality.

Russia’s central bank has raised its key interest rate by a full percentage point to 19% to combat high inflation as government spending on the military strains the economy’s capacity to produce goods and services and drives up workers’ wages

Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture

digital public infrastructure to 50 countries in five years and currently it is being used in 15 countries, said Nandan Nilekani, non-executive chairman of Infosys, in response to a question from Werner Vogels, CTO, Amazon, here in Bengaluru, on Friday. They were addressing an event organised by e-commerce platform for artisans, Zwende, in which Vogels is an investor and advisor. Nilekani was giving a quick reckoner on digital public infrastructure that India has in identity, and payments, and was recounting his journey from 2009, from becoming the founding chairman of Unique Identification Authority of India (UIDAI) to Aadhaar-enabled KYC to opening of Jan Dhan bank accounts.

China is raising its retirement age for workers, which is now among the youngest in the world’s major economies

international students and the U.S. economy—especially for students from India, who have long faced uncertainty about their post-graduation status in the United States. This proposal should be viewed not just as a policy shift but as a strategic move to retain top global talent. The U.S. has long benefitted from the influx of international students, particularly from India, who excel in high-demand sectors such as technology, finance, and engineering. However, the current visa process is fraught with uncertainty, leaving many graduates in limbo. Trump’s plan could potentially change that narrative, offering a pathway to stability for thousands of students who have invested heavily in their American education. Vice President Kamala Harris, a staunch advocate for international students, has also worked tirelessly to streamline the visa process and support pathways to citizenship. Her initiatives, rooted in her personal understanding as a child of immigrants, aim to create a more inclusive environment where international students can contribute to the American economy and society without the fear of being forced to leave. Harris’s advocacy, coupled with Trump’s proposal, could mark a turning point in how the U.S. approaches immigration and talent retention.

The asset manager has proposed combining the JPM UK Equity Value and JPM UK Equity Income funds due to perceived «limited growth» in the former, according to a letter sent to shareholders dated 29 August. According to the authorised corporate director (ACD), shareholders in the value fund will «benefit from investing in a fund with better prospects for stronger growth in assets in the future». «This growth can lead to economies of scale with the potential for lower fund expenses,» it said. JP Morgan AM slashes fees across four funds and flags several poor performing strategies T...

Sovereign Green Bonds (SGrB) through the International Financial Services Centre (IFSC) was announced by the Reserve Bank of India (RBI) on August 29, 2024. IFSC is located in GIFTY city in Gandhinagar, Gujarat. Non-resident Indians (NRIs) wishing to invest in long-term Indian government bonds can now do so through the IFSC route in SGrB. Read below to find out if SGrBs are worth investing in for NRIs and what their advantages and disadvantages are, including the tax implications.

equity valuations from lower interest rates. Following the 2001 rate cuts, the Nifty fell by 35% over a one-year period. In the 2007-08 cycle, it initially gained 30% but later plunged by 60%. After the 2019 rate cuts, Nifty returns were flat, ranging between 0% and 5%, according to a note by Nuvama Institutional Equities.

Subscribe to enjoy similar stories. (Bloomberg) -- India’s central bank governor signaled he’s in no hurry to cut interest rates despite recent softening in inflation in the world’s fastest-growing major economy.

extreme weather this summer. As pressure builds on policymakers to roll out more stimulus, data due Saturday will show growth in industrial production slipped in August for a fourth straight month, in what would be its longest deceleration in almost three years. A slower expansion in activity also extended to retail sales and investment, according to analysts surveyed by Bloomberg. The widespread weakness would be a signal of how little traction the $17 trillion economy has generated in recovering from its worst stretch in five quarters. Heat waves — coupled with torrential rains that snarled travel and flooded farmland and mines — have added to setbacks for Beijing and its pursuit of growth around 5%, a goal most global banks now believe might be out of reach.

U.S. wholesale price increases mostly slowed last month, the latest evidence that inflation pressures are cooling enough for the Federal Reserve to begin cutting interest rates next week

Federal Reserve to begin policy easing. Stocks fluctuated in the region, with the yen’s rise to around 141 per dollar pressuring those in Japan, an export-oriented economy. Australian and South Korea shares rose, following a fourth day of gains on Wall Street. Hong Kong futures were higher.

interest rates, Goldman Sachs has jumped on the opportunity of predicting a handful of stocks that could end up giving brilliant returns right after the Fed comes to the implementation stage.

JP Morgan chief Jamie Dimon, if the US economy heads towards a stagflation. There is a lot of hope of an economic recovery towards the end of the year, after the US markets having facing a downslide over the past few weeks due to various market forces in play, and a fear of an impending recession among US investors.