Economy Financial News

A European business group says China must reprioritize economic growth and reforms and boost investor confidence by leveling the playing field for all companies in the country

ODI World Cup in India created an «economic impact» of USD 1.39 billion with tourism among the biggest beneficiaries, according to a report released by the International Cricket Council (ICC) on Wednesday. The Economic Impact Assessment conducted by Nielsen for the ICC, claimed that the mega-event held in October-November last year was the biggest ever ODI World Cup. «The ICC Men's Cricket World Cup 2023 has demonstrated the significant economic power of cricket, generating economic benefit of USD 1.39 billion (Rs 11,637 crore) for India,» ICC Chief Executive, Geoff Allardice said in a statement. Australia ended India's unbeaten run in the tournament to win the trophy for a record-extending sixth time.

Since 1997, Grand Theft Auto (GTA) has set the gold standard for open-world, crime-action RPGs. From the chaotic streets of Liberty City to the towering skyline of Los Santos, GTA has delivered action-packed, free-roam adventures that define the genre. Now, OMERTA, an upcoming blockchain-powered crime-action RPG, is poised to bring this beloved genre into the world of Web3.

The announcement that the New Democratic Party is splintering from its coalition with the Liberals served as a reminder of what a colossal mess the government has left the national economy. The imbalances are shocking and numerous.

Canada has to get “in sync” with the United States and do a better job of plugging into its larger neighbour’s economic system in order to improve struggling productivity at home, says the head of this country’s biggest bank.

Former Treasury Secretary Steven Mnuchin reacts to the former presidents address to the Economic Club of New York on Kudlow.

presidential debate between Vice President Kamala Harris and former President Donald Trump in Philadelphia showcased both their strengths and weaknesses. While Harris appeared composed and on point during most exchanges, Trump had a rougher night with some statements that drew skepticism. Hosted by ABC News, the debate was fact-checked more rigorously than previous ones, adding to Trump’s challenge. Even though Harris seemed to dominate, each candidate had their standout moments—both good and bad, as per the reports of MSN.

Morgan Stanley analysts have stated that any misstep could end up being bad for the stock markets.

According to Siddiq, the UK economy and markets have performed well, with the amount of equity capital raised so far this year reaching £20bn in London alone – a figure over three times higher than what the next three European exchanges raised in total. She said the Labour government, elected in July, will continue its work on «a number of industry-driven initiatives». This includes collaborating closely with the government's industry technical group led by Andrew Douglas, pushing for faster settlement of securities trades, as well as moving on with the new Private Intermittent Securi...

British Prime Minister Keir Starmer has won a parliamentary vote on a contentious decision to cut a payment that helps millions of pensioners pay winter heating bills

According to data from the US Bureau of Labor Statistics today (11 September), the Consumer Price index (CPI) rose 0.2% on a monthly basis, similar to July's reading. US economy adds 142,000 jobs in August as unemployment rate softens Core inflation, however, remained over the 3% mark at 3.2%, meeting market expectations. On a monthly basis, core CPI increased by 0.3% compared with 0.2% in July. Shelter was the biggest contributor to the inflation figures, adding 5.2%, while energy was the biggest detractor at 10.1%. According to Lindsay James, investment strategist at Quilter I...

4G stack will be rolled out by middle of next year and the country is also aiming to achieve a 10% share in 6G patents, communications minister Jyotiraditya Scindia said Wednesday. Speaking during an industry event, Scindia said India has emerged as a beacon of hope and stability amid tremendous amounts of global economic and social turbulence. He said India is rising on the world stage and the country is no longer an embodiment of a struggling economy, but an economy that is on the rise, an economy that is rising like a phoenix in the comity of the nations.

China’s exports grew for a fifth consecutive month

U.S. stocks drifted to a mixed close following several weeks of sharp swings

Indian automobile industry is at the cusp of a revolution and it needs to focus on customer service, after-sales and quality assurance, Union Minister Nitin Gadkari said on Wednesday. In a video message to the Auto Retail Conclave organised by Federation of Automobile Dealers Associations (FADA), Gadkari, the Minister for Road Transport and Highways acknowledged that automotive dealers play a key role in realising the government's mission of a self-reliant India. «The automotive industry is at the cusp of the revolution, and as we look to the future, it is critical that the sector continues to innovate, especially in areas like customer service, after-sales and quality assurance,» Gadkari said. The minister further said, «As a distributor of automobiles, you play a pivotal role in the government mission of 'make in India' and contribute significantly to realising our vision of self reliant India.»

Britain’s government has unveiled details of a new support package for workers who face losing their jobs at the country’s biggest steel plant ahead of its transition to a greener way of production

The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week

Kamala Harris on Tuesday night took on Republican rival Donald Trump in what was their first official face-off during the US Presidential Debate 2024 in Philadelphia. In contrast to outgoing President Joe Biden's disasastrous, and what critics called a sure-short failure of a debate for Democrats, Harris' fight against Trump appeared to be a visual treat. Harris, who identifies as an American born to Jamaican-Indian immigrant parents, was tough on the former US President, launching sharp attacks and significant verbal punches, often taking the Republican by surprise.

Why are September and October historically weak for stocks? For answers, I turned to Mark Higgins, senior vice president at Index Fund Advisors and author of the book, Investing in U.S. Financial History: Understanding the Past to Forecast the Future.