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European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronized easing. Euro-zone officials have signalled that they'll deliver a second reduction in borrowing costs, following up on July's move, which will be scrutinized by investors looking for policymakers' intentions for any further steps later this year. At least one more cut is seen likely in 2024.

Asian stocks slipped on Monday after US jobs data added to concerns that the Federal Reserve may have waited too long to cut interest rates. Equities in Australia, Japan and South Korea racked up losses in early trading, while US futures were little changed. The dollar was steady against peers, with traders split on the size of the Fed’s easing next week. Iron ore fell below $90 a ton for the first time since late 2022.

₹25,000-crore Maritime Development Fund this month for providing long-term and low-cost financial support for indigenous ship-building and other blue water infrastructure projects, two persons in the know of the mater said. According to them, the new fund will take a corporate structure with the government holding a minority shareholding of at least 26% and the majority shareholding offered to multilateral financial institutions and global funds, among others.

Canada can’t find work or aren’t looking, as businesses hire at a slower pace while the population continues to balloon. The number of working-age people in the country rose by 96,400 in August, Statistics Canada reported Friday, a result of the country’s rapid population growth, which is among the fastest in the world. Over 82,000 people joined the country’s labor force last month, but net employment rose just 22,100. In the last three months, Canada’s economy has created one new job for every six workers who joined the labor force on net, the lowest rate in over a year. It’s a stark deceleration from the start of the year, when the number of jobs was actually growing faster than the number of available workers.

TeamLease Services. Among the others, 17% will trim their employee count while 21% will keep it unchanged in the six months through September, the staffing firm said in a report. It noted a 5.62% net employment growth in these sectors. Among locations, Delhi led at 57% for employers expanding their workforce in existing job locations, followed closely by Bengaluru and Chennai at 53% each. Hyderabad and Bhopal topped the hiring list for new job locations with 20% each, followed by Bengaluru, Vadodara, and Jaipur at 19% each, TeamLease said.

Pakistan is teetering on the brink of bankruptcy, it has got new hope. It has reportedly found a substantial deposit of petroleum and natural gas in its territorial waters. It's said to be so large that it can change the country's destiny. DawnNewsTV has reported that a three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves. Pakistan has been struggling with mounting debt and rising inflation for quite some time and has been depending substantially on foreign aid, which is often elusive. To make matters worse, political instability and rising terrorism in some provinces only add to Pakistan's economic plight. Can the new discovery save Pakistan? The news of the discovery of oil and gas reserves sure offers hope to Pakistan, but that hope lies buried at the bottom of the sea. It can't help Pakistan tide over its economic crisis in the near future.

Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits President Nayib Bukele's decision to bank on bitcoin three years ago with changing his life. «Before I was unemployed… and now I have my own business,» said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company.

FPIs) invested a total of Rs 9,642 crores in equity through exchanges and an additional Rs 1,388 crores in the 'primary market and others' category in early September. The FPIs showed strong interest in the Indian market, reflecting its resilience amid global uncertainties.

A three-year survey was undertaken in collaboration with a friendly country to verify the presence of the oil and gas reserves, DawnNewsTV quoted a senior security official as saying on Friday. The geographic survey has allowed Pakistan to identify the location of the deposits, and the relevant departments have informed the government of the resources found in Pakistani waters.

India is projected to become a USD $5 trillion economy by 2047. This growth is expected to be driven by a few major factors, key amongst which is a stronger, more robust, streamlined, organised, and efficient logistics and transport infrastructure. The recently announced Union Budget and the broader Amrit Kaal 2047 vision — the government’s active effort to make India an export-led, aatmanirbhar economy — all seek to lay a strong foundation for an organised logistics sector in India. Why? Because the logistics sector, one way or another, will be a significant economic driver for the country in coming years. Consider this: India’s current contribution to global exports stands below 2%. By undertaking strategic capacity building for the logistics sector, the government can, not just boost the economy in the short and medium terms but also supercharge long-term development and economic activity with a massive headroom for growth. Increasing the country’s participation in international value chains through a more organised logistics sector has, therefore, emerged as a clear policy priority — and key players in the space can contribute significantly to this nation building project.

Another rout hit Wall Street, leaving the market with its worst week in 18 months, after a jobs report billed as the most important of the year came in weak enough to keep worries high about the economy

U.S. economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight U.S. election and worries over stretched valuations. U.S. stocks tumbled on Friday after closely watched jobs data showed labor market momentum slowing more than expected, suggesting a narrower path for the U.S. to achieve a soft landing, in which the Fed is able to cool inflation without badly damaging economic growth.

investors are on edge ahead of more key macro events that could shape the tone for trading in the weeks ahead. Here's your look at the week ahead for markets from Kevin Buckland in Tokyo, Ira Iosebashvili in New York, Yoruk Bahceli in Amsterdam and Naomi Rovnick and Amanda Cooper in London.

Over the past two weeks, long-standing China bulls UBS Global Wealth Management, Nomura Holdings Inc., and JPMorgan Chase & Co. have all downgraded the country’s equities, citing concerns ranging from the property-led demand slump to piecemeal stimulus measures and geopolitical tensions ahead of the US elections.

capital gains. This will only be applicable to individuals whose net worth is above $100 million, meaning that the state will tax rich individuals if the value of their assets increase, even if they don't sell anything.

The U.S. job market is cooling at a worrisome rate but not to an extent that warrants panic — at least, not yet, according to economists.

Strategas Chairman and CEO Jason Trennert discusses the common man CPI, real wages, the jobs data revisions and Harris tax hike plan.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

labour ministry on Friday urged states to undertake labour reforms and expedite two-way integration of data for unorganised workers with the e-Shram portal for enabling easier access to central social protection and welfare schemes to them. Chairing the second regional meeting with states in Chandigarh, Shobha Karandlaje, minister of state for labour and employment, highlighted the critical need for labour reforms to make India the world’s largest economy by 2047, the ministry said in a statement issued after the meeting. “Our nation should transcend the colonial legacy in the existing labour laws which have originated in the pre-independence era. Therefore, the government has modernized, simplified and harmonized 29 labour laws into four Labour Codes,” she said.

Foreign business chambers have been warning for weeks that a proposed, sweeping overhaul of Mexico’s judiciary that would make judges stand for election, would endanger foreign investment in Mexico

survey, Kamala Harris did not see an increase in popularity after her nomination speech. She did, however, extend the gender disparity to her advantage. As the race moves into its final two months, it is becoming increasingly divisive; neither Harris nor Donald Trump experienced any discernible improvement from their respective conventions, as per the reports of Yahoo news.