Economy Financial News

stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver at least two rate cuts this year. The dollar remained on a downtrend, sagging to fresh multi-week lows against peers including the euro and sterling.

The first month of 2024-25 has been a mixed bag for India’s trade. Exports edged up 1.1% from a year earlier to nearly $35 billion in April, but imports grew faster at 10.3% to $54.1 billion, widening the trade deficit to a four-month high of $19.1 billion. It’s clearly a relief that exports have held up despite geopolitical tensions and trade disruptions globally.

Government data in Argentina says the country’s monthly inflation rate has eased sharply to a single-digit rate in April for the first time in half a year

Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York

Slovakia’s government approved a plan to build another nuclear reactor in a country that relies heavily on nuclear electricity generation

Natural gas producer CNX Resources says it plans to build a $1.5 billion facility at Pittsburgh’s airport to make hydrogen-based fuels

U.S. stocks rallied to records on hopes that inflation is heading back in the right direction

Nirmala Sitharaman Wednesday said the government significantly increased the outlay for capital expenditure (capex) over the last 10 years to build quality infrastructure in the country, which had a significant multiplier effect on economy and investment, besides improving ease of living. She said the share of capex in overall expenditure went up to over 21% in 2023-24 as against just 12% in 2013-14 during the UPA regime, when infrastructure development remained grossly neglected. «Since 2014, our govt has allocated a total of ₹43.53 lakh crore in Gross Budgetary Support (GBS) capital expenditure, an increase of 3.72 times compared to 2004-14,» she said in a long post on social media platform X.

₹43.5 trillion for building infrastructure in the last 10 years, which boosted the economy through a multiplier effect, while lowering logistics cost for businesses, finance minister Nirmala Sitharaman said on Wednesday. The minister said in a social media post that better road connectivity attracts investments and boosts local businesses by improving market access and reducing logistics costs.

A 'Mornings with Maria' panel discusses the U.S. economy and markets after the January year-over-year CPI comes in at 3.1%.

Home Depot co-founder Ken Langone joins 'The Ingraham Angle' to dish on the economy and presidential prospects.

India's monsoon rains, essential for the country's economy, are expected to hit the Kerala coast in the southwest on May 31, IMD said in a statement. «This year, the southwest monsoon is likely to set in over Kerala on May 31 with a model error of ± 4 days,» said the weather agency in a statement. «Advance of the southwest monsoon over Indian main land is marked by monsoon onset over Kerala and is an important indicator characterizing the transition from hot and dry season to a rainy season. As the monsoon progresses northward, relief from scorching summer temperatures is experienced over the areas,» added IMD in the statement.

WhiteOak Capital Mutual Fund on May 14 announced the launch of their new fund offer (NFO) – WhiteOak Capital Special Opportunities Fund.

Gone are the days when businesses operated in silos, today the concept of symbiotic relationship between retail and workspace, which is largely called Shop-Cum-Office, is gaining momentum. The rising trend of Shop-Cum-Offices is not a blip on the radar, rather it has changed the dynamics of the commercial real estate market which is expected to clock 7-8 percent growth in 2024 as industry experts suggest.

China will allow visa-free entry for foreign tour groups that come to the country via cruise ships in a further bid to attract international visitors and boost its sluggish inbound travel market. Overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days, according to the National Immigration Administration. The new policy will be effective from May 15. Tour groups can enter China from 13 ports including Shanghai, Qingdao, Dalian and Haikou, Mao Xu, a senior official with the immigration administration, said at a press conference in Beijing on Wednesday. Qualifying tour groups need to be received and handled by domestic travel agencies and will be allowed to travel to coastal provinces as well as the capital, Beijing, while they are in China, Mao said.

₹996.65 apiece on Wednesday. Earlier this week, the company reported a 14% quarter-on-quarter drop in its consolidated Ebitda (earnings before interest, tax, depreciation, and amortization) to ₹2,444 crore during the three months ended March (Q4FY24). A decline in steel prices and an increase in some cost items weighed on profitability despite higher volumes.

“Not very sure how GDP numbers are coming," Syngle said pointing out that that the numbers being talked about “do not seem to correlate to core sectors". He was answering investor questions on May 9. “You are correct that the GDP correlation has really gone for a toss, in the current year.

BEIJING — As China's economy moves into the second quarter of the year, a few indicators are pointing to sluggish growth ahead if things don't turn around, raising expectations for monetary policy easing.

Wells Fargo CIO for Wealth & Investment Management Darrell Cronk says the April labor data was exactly what the Fed wanted to see on 'Making Money.'

Brookfield Asset Management Ltd. and Qatar’s sovereign wealth fund continue to explore investment opportunities in China even as some other investors pull back from the world’s second-largest economy.

President Joe Biden says in defending his new tariffs on Chinese products that China's government subsidies ensure its companies don’t have to turn a profit, giving them an unfair advantage in global trade