Economy Financial News

A prominent Canadian technology investor joined the chorus of Canadian businesses criticizing Prime Minister Justin Trudeau’s decision to raise the capital-gains tax, arguing it will cause capital flight from the country.

ERShares CEO Joel Shulman discusses tech earnings and the upcoming economic data reports.

Japan is benefiting from India's growth story. Japanese companies and investors are showing heightened interest in India finds an anchor report by Nomura. Japan's FDI in India has been gaining a growing presence, and Japanese investments in foreign equities (as of end-2022) showed India at the top of the list for developing countries although trade ties between Japan and India are currently weak. Japanese individual investors are also investing more aggressively in Indian stocks by way of investment trusts India at the top of the list among emerging market economies, the report said. With the Indian economy maintaining high growth, Japanese corporations are showing more interest regarding investment in India, according to Nomura. “In the ranking of countries seen as promising for the medium term in the Japan Bank for International Cooperation (JBIC)'s FY23 Survey on Overseas Business Operations by Japanese Manufacturing Companies, India took the top spot for a second consecutive year, even as China fell to number three” the report, an collaborative effort by India’s and Japan’s economists and equity strategists.

BJP era, Union Home Minister Amit Shah declared on Wednesday. Speaking in Alappuzha, Kerala, on the last day of campaigning before the state goes to LS polls on Friday, he said the Communist party was finished in India, just as it had been ended all over the world, and so was the Congress. “This Lok Sabha election is the one to make India the world’s third-largest economy. Giving Narendra Modi and the BJP a third time will make India number one in the world in the fields of agriculture, manufacturing and technology,” he said. With a dismal performance in the 2019 general elections where the party was unable to win even a single seat in the state, the BJP is sparing no effort to turn people’s opinions in its favour in Kerala this year, an uphill task in a state that has historically swung ideologically left.

The yen has become stuck around a 34-year low against the dollar after months of declines, increasing concern the currency is becoming a liability for Japan’s economy and stocks.

BEIJING — China's state-directed economy may be creating the conditions for a new wave of bond defaults that could come as soon as next year, according to an S&P Global Ratings report released Tuesday.

A few hours after the Bitcoin (BTC) event on April 20, 2024, the broader markets began a price recovery. After weeks of negative activity, Dogecoin (DOGE) and NEO (NEO) finally broke out of resistance points.

«There is nothing like a divide for two wheelers between rural and urban. Some of the most low-priced vehicles, two wheelers are bought in urban areas and some of the more expensive motorcycles are bought also in rural areas,» says Rakesh Sharma, ED, Bajaj Auto. Things are looking good. Growth is back. Margins are 20% and market share is intact. Well, market share has improved. But yes, for the moment, things are looking good. I hope they stay this way.

360 ONE Wam, formerly known as IIFL Wealth Management, saw its share price surge by 13.60% during today's early morning trading session, reaching ₹870 per share. This increase followed the company's release of strong financial results for both the March quarter and the full fiscal year FY 24. The stock's surge today marks a remarkable gain of 101.50% over the past year and an impressive nearly 200% increase over the span of three years.

U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency, though the rule is sure to be challenged in court

Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April

Gold prices edged lower on Wednesday, as fears of an escalation in the Middle East conflict eased, while investors waited for crucial U.S. economic data that could shed more light on the timing of interest rate cuts.

With questions swirling around the US economy and corporate earnings, Morgan Stanley’s Mike Wilson is avoiding the kinds of big market calls he became known for the past couple years to focus instead on finding opportunities beneath the surface.

The wealth gap has widened in Canada, as inflation, higher interest rates and lower property prices put the squeeze on middle-income families, a key engine of the economy.

China’s finance ministry has said it is in favor of the central bank resuming trading Treasury bonds, a move that would see the monetary authority dust off a rarely used tool in its policy kit. Officials at the ministry said that they would support the People’s Bank of China gradually restarting to trade Treasury bonds in open-market operations as they look to better coordinate the country’s fiscal and monetary policies.

defence spending is concerning given its economy is «failing», the head of the U.S. Indo-Pacific Command said on Tuesday. Speaking to reporters in Tokyo, Admiral John Aquilino said China's economy had been battered by turmoil in its real estate sector and asserted that its official growth rates were «not real». He also said China was spending «drastically more» on its military than the 7.2% increase it declared last month.

Morgan Stanley, a global investment banking firm, has expressed optimism about India's economic growth prospects, citing robust domestic demand. The firm remains positive about the growth outlook, expecting India's GDP to grow at 6.8% in the current financial year 2024-25 and 6.5% in 2025-26. Inflation and Current Account Deficit Morgan Stanley predicts that inflation will remain around 5% in the second quarter, before easing to 4.1% in the second half of 2024. For the next financial year, it anticipates retail inflation to average 4.5%. The firm expects the current account deficit to stay within 1-1.5% of GDP in 2025-26, supported by strong service exports.

It seemed to be a great deal at the time: Swap an aging townhouse and a small piece of farmland for five apartments and two stores. Bella Zhao’s family grabbed that offer in 2009, when property developers led by Wanda Group moved into their sparse, snow-capped village in China’s northeastern Jilin province. Wanda planned to spend $2.8 billion to turn the area into a high-end resort replete with ski slopes, golf courses, hunting spots and five-star hotels.

The Indian startup ecosystem within the space sector stands out as a remarkable success story, where technology innovators harness their expertise to craft solutions aimed at not only fostering self-sufficiency, but also positioning India as a global front-runner. From ambitious ventures to celestial bodies like the Moon and Mars, and even to an observation post for the Sun, India’s space endeavours have renewed enthusiasm among aspiring spacefarers.

Employbridge’s Joanie Bily explains what the March jobs report says about the state of the U.S. economy on 'Making Money.'

Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank.