Economy Financial News

Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a «Clean Economy» investor forum to boost infrastructure and climate investments across the region.

«But if you are an investor, then you have to take a three- to five-year view. What I like is that if Prime Minister Modi wins then that is just a validation of the political stability, which is a precursor to economic growth,» says Manish Singh, Market Expert. Do you think the fundamentals are strong enough to kind of take these markets further ahead, what is your opinion? I do agree with Mr Subramanyam that it depends upon what sort of investor you are. And with any trade, the key thing is your investment horizon and that pretty much dictates your risk reward that you are going to look at. If you are of trader mentality, you believe that there is going to be a volatile outcome either way, then you benefit from it, so that is one trade one can think of. I do not recommend that because I am a more medium-term investor. But again, if you are a trader, then you can put those trades and benefit from that.

Host Jack Otter and «Barron’s Roundtable» senior writer Nicholas Jasinski discuss how rate cuts are looking unlikely for 2024.

Rising uncertainty around the US election could endanger some of this year’s most popular macro trades as investors rush to cut exposures, according to Morgan Stanley.

This Wednesday’s rate-setting announcement will be closely watched for the obvious reason that some expect the Bank of Canada to cut rates for the first time since it began cranking them up in March 2022.

The Bank of Canada and Federal Reserve are likely to part ways soon — whether it is this week or next month — and that could mean trouble for the Canadian dollar.

airlines can offer in one of the world’s biggest markets for outbound travel, Emirates president Tim Clark said.

Oil prices edged lower on Monday as investors digested the complex deal brokered by producer group OPEC+ to extend various layers of output cuts, much of them into 2025. Brent crude futures for August delivery were down 42 cents at $80.69 a barrel by 1318 GMT. U.S. West Texas Intermediate (WTI) crude futures for July delivery slipped 45 cents to $76.54.

Israeli tourists are warmly welcomed and treated with utmost hospitality," the Israeli Embassy in India said in a post on X and also shared a list of recommendations.The posts mentioned the beautiful beaches of Goa, Kerala, Lakshadweep, Andaman & Nicobar Islands as alternative tourist destinations to Maldives, primarily known for its serene beaches. Israeli Embassy's promotion comes as India and Maldives relations took a nose dive after the election of President Mohamed Muizzu, who came to power on the backs of the ‘India OUT’ campaign. Mohamed Muizzu has displayed close proximity to China and forced India to withdraw its troops from the island nation.

OPEC+ extended its production cuts as it seeks to bolster a fragile market, but also set a date to begin bringing some oil back online later this year.

Donald Trump and other Republicans say President Joe Biden’s policy to promote electric vehicles is unfair for consumers and amounts to government overreach

CEOs got rewarded as the economy showed remarkable resilience, underpinning strong profits and boosting stock prices. After navigating the pandemic, companies faced challenges from persistent inflation and higher interest rates. About two dozen CEOs in the AP's annual survey received a pay bump of 50% or more.

withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at bank branches was over.

Bullseye American Ingenuity Fund portfolio manager Adam Johnson discusses whether the stock market sell-off will last on Varney & Co.

Business in India," Jonathan Hymer, the Minister Counsellor for Commercial Affairs at the United States Embassy in New Delhi, welcomed Alexander Slater, the Managing Director of the US India Business Council, to discuss the evolving business landscape in India post-pandemic.

Joyce Fleming and Greg Piazza discuss being forced to return to the workforce due to rising costs.

Coal India, HAL, BRL, UltraTech Cement, SBI, DLF, BHEL, NTPC, and PFC, among others.Meanwhile, in its structural picks (long-term for 2-3 years), it likes stocks including TVS Motor, L&T, Thermax, Bharat Forge, Trent, Indian Hotels, Sunteck Realty, BPCL, HPCL, etc.The brokerage noted that over the past 10 years, the BJP-led government under Prime Minister Narendra Modi has introduced numerous policy reforms to elevate the Indian economy. Key initiatives include the introduction of RERA and the Insolvency and Bankruptcy Code in 2016, promoting transparency in the real estate sector and streamlining insolvency processes.

State Bank of India (SBI), the nation's largest public sector bank, rose 9.8% to reach an all-time high of ₹911.30 apiece in today's intraday session. This pushed the bank's market capitalisation beyond ₹8 lakh crore for the first time, making it the first PSU company to achieve this milestone.SBI has now entered the ₹8 lakh crore market capital club, becoming the fourth listed company to achieve this milestone.

«We have been very bullish for railway for actually right from September 2020 when we have a very sizeable exposure in some of the companies, we are a very meaningful stakeholder in most of the government companies, actually we are the largest shareholder in some of the government companies itself, so that level of exposure we already have, maybe closer to this event we have partially pruned down in some of the expensive names particularly in defence space,» says Sandeep Tandon, CIO, Quant Mutual Fund. We are pinching ourselves. We are telling us that this is unreal, but it is real. The markets are up 4%, it is the biggest gap up for Indian markets in its life. So, magical things are happening today. Now as a money manager, what changes in the way you have invested in the past and the way you will invest in future post-election certainty and uncertainty going away? First of all, now it is endorsements of the policies which was followed by the previous government, so which clearly means that infra as a theme, manufacturing as a theme, PSU as a theme will continue.

Asian manufacturers seem to be on firmer ground, with the latest survey data signaling stronger output and orders, but building cost pressures could stoke concerns about inflation. Purchasing managers index data from S&P Global showed improvements in industrial powerhouses like South Korea and China midway through the second quarter. “Asia’s manufacturing recovery looks to be firming by the month," said Maybank economist Erica Tay.

Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsThe Indian stock market experienced high volatility last month due to the Lok Sabha election. While most experts expected the NDA to retain power at the Centre, the market was nervous amid speculations that the ruling alliance might not secure a strong majority. With exit polls indicating a solid majority win for the NDA, the stock market appears to have shrugged off election-related jitters.Also Read: Exit Poll 2024: How to trade keeping Lok Sabha Election results in mind?Experts are optimistic about the Indian stock market's medium—and long-term prospects.