Economy Financial News

According to Grayscale, recent inflation figures may have a short-term negative impact on crypto, but continuous inflation will ultimately increase sentiment towards cryptocurrency.

India’s finances wouldn’t look that pretty if fuel-stoked infl ation rearers its ugly head. A Morgan Stanley study showed if global crude oil prices rise to $110-120 a barrel in the next 3-4 months due to supply or geopolitical concerns, India’s infl ation fi ght could stretch.

Billionaires and Senator Bernie Sanders agree on at least one thing: They see a four-day work week in America’s future. Hedge fund manager Steve Cohen is investing in golf courses because he anticipates a big increase in leisure time, and IAC founder Barry Diller is expecting people to be in the office only four days a week. Sanders has even proposed legislation to reset the work week to 32 hours.

Union officials say steelworkers at Britain’s largest steel production plant have voted to go on strike for the first time in 40 years

Hungary’s government will add new restrictions on the import of Ukrainian agricultural products to protect Hungarian farmers from market fluctuations caused by cheaper Ukrainian imports

Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it

U.S. markets are far outpacing their global counterparts in 2024, continuing a decade-long trend of strong growth compared with the rest of the world

The European Central Bank has opened the door for an interest rate cut as early as its June meeting

U.S. stocks are drifting, a day after tumbling on worries that interest rates may stay high for a while

China has announced rare sanctions against two U.S. defense companies over what it calls their support for arms sales to Taiwan

MI vs RCB 2024 IPL: Hardik Pandya must brace for some fresh criticism for his captaincy decisions as Royal Challengers Bengaluru (RCB) finisher Dinesh Karthik slammed another explosive half-century to power his team's score to 196/8 after 20 overs. India's veteran player Mohammad Kaif made an interesting observation while sitting in the commentary box as he observed that Rohit Sharma asked Hardik Pandya multiple times to keep a third man against Dinesh Karthik, but the Mumbai Indians skipper didn't listen, and the RCB finisher slammed three boundaries in the same area.

Tucked away in the depths of last year’s federal budget, the federal government outlined bold plans to crack down on payday lenders — but instead, they’ve gone after Canada’s non-prime lenders.

New Delhi: India can maintain a consistent 8-9% GDP growth in the coming years, and even reach double-digit annual growth between FY29 and FY31 fuelled by government spending on infrastructure, and private investment, which is expected to increase significantly in the coming years, industry body Confederation of Indian Industry's (CII) President R Dinesh said. Big-ticket land and labour reforms, as well as higher spending on health and education, apart from keeping its focus on inclusive growth in the medium to long term will also propel India as one of the fastest-growing major economies, registering a consistent high growth, Dinesh said in an interview. "We believe that the economy will register over 7.5% growth in FY25.

GBP 29,000, up from GBP 18,600. By early next year, this will have increased two more times to match the Skilled Worker visa salary threshold of GBP 38,700. The UK Home Office said it marks the final measure in Prime Minister Rishi Sunak and Home Secretary James Cleverly's package to reduce legal migration and «ensure those arriving here do not burden the taxpayer». «We have reached a tipping point with mass migration. There is no simple solution or easy decision which cuts numbers to levels acceptable to the British people,» said Cleverly.

Rajnath Singh on Thursday said that the BJP does not discriminate between Hindus and Muslims and that the respect of women is of paramount importance to it, citing the ban on triple talaq. Addressing public meetings in Madhya Pradesh's Rewa and Satna districts to drum up support for BJP's Lok Sabha candidates, he also batted for the 'one nation, one election' idea, and called his party «24-carat gold» and Congress «rusted iron». The BJP has renominated sitting MP Janardhan Mishra in the Rewa Lok Sabha seat. He will take on Congress' Neelam Singh. In Satna, BJP sitting MP Ganesh Singh is pitted against local Congress MLA Siddharth Kushwaha. The 29 Lok Sabha seats in MP will go to polls in four phases between April 19 and May 13 and votes will be counted on June 4. Polling will be held in Rewa and Satna seats on April 26.

Former White House chief economist Joe LaVorgna and JP Morgan's Kelsey Berro discuss whether strong consumer spending is a concern for the Fed on 'Making Money.'

New Delhi: Rising prices of raw materials for manufacturing plastic products could further burden the Indian economy lead to a hike in the prices of plastic goods in the near future, said Sribash Dasmohapatra, executive director of the Plastic Export Promotion Council (PLEXCONCIL), a body under the ministry of commerce. Raw materials used for manufacturing plastics, such as ethylene and propylene, are primarily sourced from countries with abundant petrochemical resources like Russia, Iran, the United Arab Emirates and Saudi Arabia.

equity markets through mutual funds, investors can choose from a wide variety of schemes like the smallcap, midcap fund or largecap fund, or choose a combination of the same under the flexicap fund. The capital market regulator has defined the top 100 companies by market value as largecap companies, the next 150 companies as midcap companies, and beyond the top 250 companies by market value are called smallcap companies. An investor can allocate funds across these different market cap companies either by choosing the amount to be allocated to each fund category individually or leaving the decision to a fund manager who would allocate across different categories of market caps dynamically depending on various factors like current market conditions, future growth outlook and relative valuations. It appears a large number of investors prefer to leave the judgment of allocation across the different market caps to the fund manager, as evidenced by the fact that the flexicap category is the largest category among all equity mutual fund schemes today commanding almost close to Rs 3.5 lakh crores worth of assets, which is larger than any category of mutual fund schemes.

Switzerland's tough new banking regulations create a «lose-lose situation» for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors.

yen is at three-decade lows and under enough pressure to prompt strong official warnings of intervention to prop it up. The yen has fallen despite Japan's first interest rate hike since 2007 and optimism about the economy. It traded at 153.24 per dollar on April 10, its weakest since 1990 and in real terms it is at its weakest since at least the 1970s.

‘India's map will change': Sitharaman's husband warns against Modi's re-election "All that a political party needs to do to remain out of the tax net is to file an assessment...You have not followed the rule of law or the law of the land, and you expect to be treated differently," she said. Sitharaman also responded to questions about AAP supremo Arvind Kejriwal's arrest. "Didn’t the Prime Minister, then the Chief Minister, appear before the CBI just before the Gujarat elections? He went and answered all the questions.