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Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

Shares are mixed in Asia ahead of a decision by the Federal Reserve on interest rates

«The economy right now has buffers to offset some of the global headwinds that could take place. And from here we do see economy slowing a bit because the central bank has been raising rates and the purpose behind raising rates is to tame inflation and the route to taming inflation is via growth,» says DK Joshi, Chief Economist, CRISIL. Just wanted to get in your take as to what, according to you, have been some of the key highlights, especially when it comes to the overall GDP growth at 8.2% under her tenure and how do you see that now given that there is stability, there is continuity with Nirmala Sitharaman at the helm? Well, the economy has done much better than expected. The GDP growth from the first advance estimates till the provisional estimates got revised from 7.3% to 8.2%. It is not only the GDP, the other factors such as the sustainability of this growth, it critically hinges on the infrastructure build-out that government has carried out. One of the key factors behind growth has been investment. Consumption is relatively weak, which we expect will pick up in 2024-2025 as the monsoons become normal. So, the supply side of the economy has got focus in the last five years and that is creating an upside potential to the economy.

China warned Wednesday that expected additional EU tariffs on imports of Chinese electric vehicles would «harm Europe's own interests» and condemned the bloc's «protectionism.»

An extreme weather phenomenon known as the dzud has killed more than 7.1 million animals in Mongolia, endangering herders' livelihoods and way of life

Nvidia's recent performance, which saw its shares surpass $1,000 after a 10-for-1 stock split, marking an all-time high.Also Read | Wall Street’s favorite recession indicator is in a slump of its own"In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new.

Modi 3.0: After the portfolio allocation in Modi cabinet 2024, the market is expecting the power theme to work in the Indian stock market in the next five years. As Anil Ambanni's Reliance Power share price has been skyrocketing for the last five straight sessions, some observers are guessing whether Anil Ambani's Reliance Power shares would emerge as market leader in Modi 3.0. They are upbeat about Anil Ambani's Reliance Power shares as the company has become entirely debt-free.

Artificial intelligence is sweeping across the economy. It’s showing up in the stock market with Nvidia’s meteoric rise, and the marketing blitz around AI is inescapable, whether from software providers peddling the promise of harnessed data to golf-club makers trumpeting an AI design. Narrow AI is now a real tool, and companies are figuring out how to deploy it.

Federal Reserve's updated interest rate projections due later in the day. Ahead of those crucial events, markets got a fresh check on the state of China's economy.

₹2.11 trillion Reserve Bank of India dividend, up 141% from the previous year. The Centre had set a fiscal deficit target of 5.9% in FY24, 5.1% in FY25 and 4.5% in FY26. It revised the target for FY24 in the interim budget in February, only to beat it thanks to higher-than-anticipated receipts and lower-than-estimated revenue spending.

The Indian rupee hit a record closing low of 83.5650 against the US dollar on Tuesday. That most of its Asian peers also weakened against a rising greenback would offer strong-rupee advocates some consolation, but not much.

₹6,535 per barrel on the multi-commodity exchange (MCX). The Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year.OPEC and allies earlier this month agreed to extend most of its deep oil output cuts well into 2025."We're now at least considering the idea that maybe demand will pick up in the second half, and the market may actually need some additional OPEC supply," said Tim Evans, an independent energy analyst.Meanwhile, the World Bank on Tuesday said the U.S.

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Production has started at Senegal's first offshore oil project

The World Bank has upgraded its outlook for the global economy, estimating that it will expand 2.6% this year on the strength of sustained growth in the United States

Wall Street is losing ground ahead of several key inflation reports this week and the Federal Reserve’s latest interest rate policy decision

In a webinar held on Tuesday (11 June), Atkinson said the blue bonds sector is a relatively small part of the sustainable debt environment, but «it is growing relatively rapidly». The assets provide opportunities to support the ocean-based economy, but only 26 bonds of this type  have been issued since 2018 worldwide, Atkinson noted. Meanwhile, the total of green, social, sustainable and sustainability-linked (GSSS) bonds reached $4.7trn in value as of September 2023, according to data from the World Bank. Candriam launches Article 9 sustainable equity water fund «Most of these ...

economic survey showed on Tuesday, a day before the country's federal budget is unveiled.

industry expects the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government and the compulsion of coalition politics will not be a speedbreaker, Mahindra Group CEO and MD Anish Shah said on Tuesday. Apart from the continuation of the growth agenda, the industry expects the government to focus on four key areas — manufacturing for the world; women-led development; farm-led prosperity; and sustainability.

Modi 3.0 Cabinet: Nirmala Sitharaman retains finance ministryMany experts rate Sitharaman's first term as remarkable as she managed to keep the Indian economy firmly on the growth path amid a testing time."The Finance Minister's first term can definitely be rated 8/10 given the challenges faced on the macroeconomic front, both at the domestic and the global front, in terms of tackling inflationary pressures while, at the same time, ensuring growth remains a priority," said Aamar Deo Singh, Sr. Vice President, Research, Angel One.Also Read: Mint Explainer: Key policy changes in Nirmala Sitharaman’s first stint as FMMacro stability is what the market wants, and Sitharaman can deliver on that, say experts."Nirmala Sitharaman's first term as Finance Minister demonstrated a commendable balance between fiscal prudence and economic stimulus, especially amidst the unprecedented challenges of the COVID-19 pandemic.

This was an increase on the 4.3% reported in the previous period and the highest reading since the three months to September 2021, according to the Office for National Statistics. It said: «This month's figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong.» Fed rate cut 'off the table' as US economy adds 272,000 jobs The number of UK payrolled employees decreased by 36,000 (0.1%) between March and April 2024 but increased by 201,000 (0.7%) in the las...