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oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT.

What makes you so bullish on India?

Home prices in India are set to rise steadily over the next few years, driven by demand for luxury properties from cash-rich individuals, according to a Reuters poll of housing experts who forecast rent increases will outpace consumer inflation. While economic growth in Asia's third-largest economy is likely to outpace its major peers, policy experts warn the benefits are increasingly being funnelled to a select few, leaving millions of job-seekers, especially young people, out of the growth story. With a supply of affordable homes dwindling and those with cash cornering the property market, many aspiring first-time buyers are being forced to keep renting.

China is currently in a major economic fix, and the biggest problem in their kitbag is youth unemployment, which needs to be addresses at the earliest in order to combat any other related pressing issue around the Chinese economy. New unproductive forces play a major role in the unemployment rise of the country, that has the potential to push the country on the brink of recession, feel experts.

Mint earlier reported about India considering imposing retaliatory tariffs on EU exports in response to the bloc’s proposed carbon tax that could disrupt over $8 billion worth of Indian metal exports to the EU. As the EU’s CBAM has been in discussion, Yadav said, “until a proposal comes, we cannot take a call. Our stand on this will be protecting the larger interests of all developing nations." “Before COP29, pre-consultations are taking place.

Kamala Harris and Donald Trump are engaged in a tight race for US Presidential election 2024. The close contest means a few states will prove to be pivotal. Psephologists in the US have identified seven battleground states which are critical for both Republicans and Democrats for the White House Race. These seven battleground states are Georgia, Arizona, Michigan, North Carolina, Pennsylvania, Nevada, and Wisconsin. Meanwhile, November 5 is the key date in US election 2024, a few states will witness early polls for eligible voters. Mail-in voting will commence in North Carolina on September 6. Early voting will start in Pennsylvania on September 16, and in Michigan on September 26.

Gen Z men endorsing Trump is a sign of the ongoing culture shock in US politics. With fresh polls revealing a stark difference in preference between young male and female voters that could play a major role in the presidential election, all eyes are on Generation Z. According to polls conducted earlier this month by the New York Times and Siena College, there is a significant gender difference in the political preferences of voters between the ages of 18 and 29, with more women supporting Vice President Kamala Harris for president while men in the same age range prefer former President Trump. According to polling, the difference of 51 points between Gen Z male and female voters is by far the greatest of any previous generation. Also Read: Parish Season 2: When will new episodes release? Here’s what creators say

Higgins is of the opinion that the recession in the US can be long-drawn and the effects of the same can be pretty severe and sharp. The Americans have big records of debt and unemployment, that can prove to be a contributing factor, leading to the recession, feels Higgins.

₹51 crore from the previous quarter, while write-offs themselves rose by ₹105 crore over the same period. Abhijit Chakravorty, chief executive of SBI Cards, told analysts in a conference call: “The primary reasons for the increase in credit cost…is that customers obtained multiple trade lines from other lenders after taking a card, and this over-leveraging has impacted their repayment capacity." The credit card business is a tough one and can be highly cyclical. Importantly, the business in general is the canary in a coal mine for economic conditions.

Asia’s latest factory activity data showed some loss of momentum midway through the third quarter, but a broad continuation of growth in output and orders. Views among manufacturers on the sector’s outlook were mixed amid uneven price and demand developments through the region, though many were cautiously upbeat. S&P Global’s manufacturing purchasing managers index readings for Japan and South Korea signaled improvement in August, while those for India, Thailand, Taiwan and Malaysia indicated expansions in manufacturing, though at a slower pace.

The Economic Survey for 2023-24 questioned the merits of India’s inflation targeting regime, which aims at a headline inflation rate of 4% with a band of 2% on either side. It mused aloud whether a regime that targets inflation, excluding food prices, would be more appropriate in the Indian context, especially given the unintended effect it has on farmers’ terms of trade. Some have opined that it is a settled issue and there is no point in opening it up.

capital on Monday due to tepid demand from local jewellers and retailers. The precious metal of 99.9 per cent purity had closed at Rs 74,350 per 10 grams in the previous session on Friday. Silver also tumbled by Rs 1,700 to Rs 85,500 per kg due to reduced offtake by industrial units and coin makers, according to the All India Sarafa Association.

Nilesh Shah, MD, Kotak AMC, says investors can’t go to Russia because of Ukraine; to China because of Taiwan; to South Africa because of social strife, or to Brazil because of the communist government. In the emerging market, there are very limited choices and India is one bright option. So with Triveni Sangam of flows, fundamentals, and sentiment, the downside is limited but expect volatility over the next 3, 6, 9, and 12 months. Shah also says this is the time when you should be long duration because rates are going to be cut. You should be long gold because central banks are buying gold. And you should be neutral weight to equity with some bias towards large caps. Sensex and Nifty are once again hitting record highs every day, even when there are worries about not-so-great Q1 earnings. Where do you think we are headed? Nilesh Shah: If we take a 5-year, 10-year view, no doubt the only direction is up. The economy will do well and markets will do well. If you are taking a 3, 6, 9, or 12-month view, I have no idea where we are headed. On one side, we believe the correction in the market will be shallow and short-term because there is Triveni Sangam of fundamentals, flows, and sentiment.

While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company's head of Asian sovereign debt.

Worries of being uprooted from their jobs have returned for Laura Dodson and other federal workers, who have long been the economic backbone of the nation’s capital and its suburbs

Raamdeo Agrawal, Chairman & Co-Founder, Motilal Oswal Group, says there is no quick and easy money in the market. There is a very patient money and there are tonnes of it. But it is not quick money. If you want to turn your Rs 1 crore into Rs 10 crore in 10 years, it is possible. But if you want to turn Rs 1 crore to Rs 2 crore in the next year, that is very tough. You might even lose your 1 crore. Buffett has given a template to the world. Buy a good business run by a decent manager at a fair price. Let us take Raamdeo Agrawal’s portfolio versus Rakesh Jhunjhunwala’s portfolio versus Nemish Shah's portfolio versus Prashant Jain’s portfolio – the big investors. All of them endorse Buffett’s philosophy. But there is nothing in common as far as selection of stocks is concerned. Raamdeo Agrawal: Of course. There are so many good companies. So, everybody approaches good stock portfolios. If there are 100 good stocks, some 20-25 will go to Rakesh, another 25 will go to Nemish bhai, and some 15-20 will come to me or like that. It will get distributed. Some overlap is always there.

Asian shares are mixed in cautious trading ahead of the Labor Day holiday in the U.S., when stock exchanges will be closed

markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs report that could decide whether a rate cut expected this month will be regular or super-sized. A holiday in the United States and Canada made for thin liquidity, while wins for far-right parties in German state elections added a fresh layer of political uncertainty.

without deep recessions. The Federal Reserve will probably soon join central banks in Europe in cutting interest rates, bond yields have fallen sharply since the summer and stockmarkets have shrugged off a growth scare that struck at the beginning of August. America’s economy was in fact bigger in the second quarter of 2024 than had been forecast before the covid-19 pandemic struck.

MUFG), Japan's largest mega bank with close to $3 trillion in assets, last week placed its biggest bet in India: It doubled an existing investment with a further commitment of ₹4,712 crore on DMI Finance. Masakazu Osawa, Asia Pacific CEO for the bank, tells Joel Rebello the group has only started its investment journey in India and would increase exposure in the economy tipped to be the world's third biggest soon. Edited excerpts: You doubled down on your investment in DMI Finance last week. What is the strategy for investments in India?

Marc-Andre Blanchard, executive vice president and global head of sustainability at CDPQ, one of the biggest global investors in infra-related assets in India. «When we talk about ESG and sustainability, we're really talking about good management and value creation,» Blanchard said. «As a pension fund, we are driven by the desire to build businesses that drive performance and progress. For us, capital takes on its full value when it generates positive change.» The Canadian leader stated that CDPQ is a global investment group with over $452 billion in assets under management, including 12% in the Asia-Pacific region. What sets CDPQ apart is its dual mandate: generating returns for its depositors-representing over 6 million Quebecers-while contributing to Quebec's economic development. CDPQ is also Canada's second-largest pension fund, he said.