Economy Financial News

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...

Among its pension policies was an aim to implement measures to «end the gender pension gap in private pensions» as well as a target to «ensure working-age carers can save properly for retirement». The Lib Dems also included measures to improve employment rights, including a target to review pension rules «so that those in the gig economy don't lose out, and portability between roles is protected». Among other measures to improve pensions was an aim to improve the «processing system and providing proper receipts» so that «the scandal of lost top-up payments» for pensions is resolved. ...

A Suriname Presidential hopeful says she wants to follow El Salvador’s Bitcoin (BTC) lead, and will grant the token legal tender status if she is elected.

Late last weekend, I happened to meet someone who makes his money by managing other people’s money (OPM). He asked: “Why did the Bharatiya Janata Party not get a majority in the Lok Sabha, despite the economy growing by more than 8%?" A simplistic answer to this would be that many voters don’t take economic data into account before voting. A slight improvement would be that India’s 2023-24 growth figure was declared only on 31 May, and by then, six of the seven electoral phases were over.

gold in the last one week has been 0.27% whereas in the last month it has been 0.14%.The cost of silver is Rs.89110.0 per kg down by Rs.1610.0 per kg. Gold Price Today in Delhi is ₹73027.0/10 grams. Yesterday’s Gold Price on 10-06-2024 was ₹73998.0/10 grams.

employment data in the US weakens the case for monetary policymakers in the world's biggest economy to begin the cycle of easing, said a report by ICICI Securities Primary Dealership. Reserve Bank of India (RBI) Governor, Shaktikanta Das, Friday said that the rate-setting panel will look at domestic conditions while taking rate cut decisions and will not be following the Fed. Other central banks are also diverging from the Fed, as the Bank of Canada and European Central Bank cut rates last week.

MSCI'S global equities index edged higher on Monday while investors waited for key U.S. inflation data and central bank policy meetings but the euro fell after French President Emmanuel Macron called a snap election. U.S. Treasury yields rose as investors digested Friday's labor market data and looked toward consumer price data and a Federal Reserve policy announcement this week. Investors are also waiting on Bank of Japan policy news.

Nirmala Sitharaman, in her second term as finance minister, hit the ground running on Monday. Instead of one, she released two tax devolution instalments — totalling ₹1,39,751 crore — to 28 states, for bolstering their development and capital spending. The minister earlier reviewed the economic and fiscal situation of states with finance secretary TV Somanathan and economic affairs secretary Ajay Seth, soon after the first meeting of the newly formed Cabinet on Monday evening.

Confederation of Indian Industry Monday said continuity in policy reforms under the leadership of Prime Minister Narendra Modi is likely to drive India towards the goal of becoming a developed nation

Narendra Modi preferring continuity in policy, Finance Minister Nirmala Sitharaman is likely to lay out the government's economic agenda when she presents the first annual budget of Modi 3.0 next month. Her task is cut out as she will have to look at measures to boost growth without hurting inflation as well as look for resources to meet the coalition government's compulsion.

Modi 3.0 Government- who gets what – LIVE UpdatesPrime Minister Narendra Modi's top four ministers -- Amit Shah, Rajnath Singh, Nirmala Sitharaman and S Jaishankar – retained their respective home, defence, finance and external affairs portfolios, according to an official statement.Modi's newly formed coalition government has reinstated Nirmala Sitharaman as India's Finance Minister, ensuring policy consistency in one of the globe's rapidly advancing economies. Additionally, Sitharaman will assume responsibility for the Corporate Affairs Ministry, as per an announcement from the President's office on Monday.Senior BJP leader Nitin Gadkari, popularly referred to as the 'Highway Man of India', has been appointed the Road Transport and Highways Minister for the third consecutive term in the newly formed Union Cabinet of the Prime Minister Narendra Modi-led NDA government, an official statement said on Friday.S.

The Japanese economy shrank at an annual rate of 1.8% in the first quarter of this year

On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America

Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday

UEFA has a two-step financial mission to refill its pandemic-hit cash reserves

Diesel price in Malaysia have jumped by more than 50%, as part of a revamp of decades-old fuel subsidies to tighten government spending and save billions of ringgit annually

The Fitch agency says it has raised Cyprus’ credit rating by a notch to BBB+

U.S. stocks are mixed in quiet trading ahead of a week with several top-tier reports on inflation due, as well as the Federal Reserve’s latest meeting on interest rates

Domino's plans to double its store count to 4,000 in India in the next 5-6 years, a top company official said. Domino's, which started operations here in 1996, has launched its 2,000th store.

PM Narendra Modi and his new council of ministers, speculation is rife about who will be the next finance minister. Will Nirmala Sitharaman retain her position in the finance ministry for a consecutive second term, or will she move to a different ministry this time?

Pakistan's central bank cut its key interest rate by 150 basis points on Monday in a widely expected move, marking its first rate reduction in nearly four years in its effort to boost growth amid a sharp decline in retail inflation.