Economy Financial News
26.03 / 15:53
26.03 / 15:53
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Deal to end German rail strikes features a 35-hour work week with an option to work longer
Train drivers and some crew for Germany’s main railway operator will see their working week reduced from 38 hours to 35 by 2029 without having their pay cut, but they will have an option to work longer for more money
26.03 / 14:45
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Will Chinese Stocks Finally Break Out in 2024?
China remains a major player in the global economy despite the economy facing headwinds of late.
26.03 / 14:45
26.03 / 14:45
26.03 / 13:39
markets
Provident
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country
India sets out to determine year of peak oil demand, world watches
ICRA said: "India is a large consumer accounting for about 4-5% of the global consumption. Accordingly, India along with China and other large economies would impact overall demand and demand growth and Opec would be watching out for demand growth of the country." "However even considering global peak oil demand there is still a long way to go, so capacity and production increases by Opec are being done.
26.03 / 07:23
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Reuters
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German consumer sentiment stays on slow recovery path, finds GfK
BERLIN (Reuters) — German consumer sentiment is expected to stay on its path of slow recovery in April, helped by fewer households seeing the need to save even as uncertainty about Germany's economic development still abounds, a survey showed on Tuesday.
26.03 / 06:53
26.03 / 06:53
UPS
economy
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Taiwan central bank to apply moderate tightening against inflation
TAIPEI (Reuters) — Taiwan's central bank said on Tuesday it would continue moderate tightening of monetary policy to curb rising inflation expectations after unexpectedly raising its benchmark rate last week.
26.03 / 04:21
26.03 / 03:43
26.03 / 03:43
26.03 / 02:05
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Japan says it won't rule out any steps to stem weak yen
By Tetsushi Kajimoto
26.03 / 01:17
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Capital markets in India have seen steady domestic flows: BoA's Balakrishnan
Edited excerpts: This year is looking quite good. We got off to a good start with an mergers and acquisitions (M&A) announcement, the Lodha qualified institutional placement (QIP) and British American Tobacco Plc (BAT) sell down in ITC. We also have a couple of initial public offerings (IPOs) which are filed out there.
25.03 / 21:37
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Gold Prices
Gold prices inch higher as dollar slips ahead of Fed speak, inflation data
Investing.com-- Gold prices rose Monday, attempting to steady following a recent wobble as dollar strength eased and gold exchange-traded-funds recorded a first inflow ahead of a slew of remarks from Federal Reserve members and key inflation report later this week.
25.03 / 20:05
UPS
Racing
Strategy
economy
Tesla
Luxury EV maker Lucid to raise $1 billion from Saudi's PIF affiliate
(Reuters) -Lucid said on Monday it is raising $1 billion in capital from an affiliate of Saudi Arabia's Public Investment Fund (PIF), sending the shares of the luxury electric carmaker up about 8%.
25.03 / 19:23
25.03 / 15:23
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Posthaste: Why Canada may need deeper interest rate cuts than other major economies
There was a sense the tide had turned when Swiss National Bank surprised markets and cut its interest rate on Thursday — the first of the central banks in the developed world to do so.
25.03 / 13:57
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Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength
The US dollar has been back in vogue over the past two weeks as the latest economic data has shown that the US economy remains buoyant.
25.03 / 13:05
markets
IPO
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Remark
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IPO Review: 25 companies hit Dalal Street in March with two more set to list; a look at the top performers
Also Read: Explained | Upside risk on inflation to export woes—here's how the Red Sea crisis will impact Indian economy in FY25 Among the top performers in the SME category entered in March, Owais Metal and Mineral Processing leads the pack, currently trading at ₹407 per share, marking a remarkable 368% increase from its IPO price of ₹87. Following closely are Purv Flexipack, Signoria Creation, and Royal Sense, all recording gains ranging from 65% to 125% from their respective issue prices. Conversely, MVK Agro Food Product emerged as the top underperformer, trading 52% below its IPO price of ₹79 per share.
25.03 / 13:05
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Rate Cut
Fed rate cut plans may boost Joe Biden's prospects for US Presidential Polls 2024
WASHINGTON : The US Federal Reserve looks on track to cut interest rates as the presidential campaign season heats up, potentially delivering President Joe Biden a boost as polls show Americans dislike his handling of the economy. The Fed could play an outsized - and potentially uncomfortable - election-year role by helping shape attitudes about stubbornly high inflation and mounting housing costs that have been a drag on Biden's reelection efforts.
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