Economy Financial News

22.03 / 11:13

COST UPS economy Food wellness Trade reports Robust investment activity to boost growth but inflation a concern: FinMin

NEW DELHI : Robust investment activity and strong private consumption demand will drive the Indian economy in FY25 amid sluggish global growth, the finance ministry on Friday said in its economic review for February. However, challenges such as the impact of the ongoing crisis in the Red Sea and rising crude oil prices loom over the outlook. "Sustained increases in shipping costs due to disruption can drive up inflation.

22.03 / 11:13

markets Provident security economy wellness cover innovations Riding the Rise: Long-term investment ideas to capitalise on India's promising future

Production linked incentive (PLI)’ schemes as well as the drive towards capital expenditure, are measures that have contributed to our growth agenda. Other factors that are driving this momentum include: With continued momentum, India is widely expected to ascend to the ranks of the world's top three economies by 2030, underscoring its emergence as a major player in the global economic landscape. The government’s commitment to reform measures has boosted business confidence among India Inc., which could function as a catalyst to stimulate private investment.

22.03 / 09:05

Progressive economy Food trends Trade country reports Domestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry Eco Review

domestic household savings in order to finance private sector's capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. «The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account balance in the ongoing financial year,» the report said. However, the current account deficit will bear watching in FY25, it cautioned. The ministry has a positive outlook when it comes to retail inflation in the country.

22.03 / 08:25

Provident Reuters economy pandemic Trade 2020 UK retail sales hold steady in February - ONS

LONDON (Reuters) — British retail sales unexpectedly held steady in February despite wet weather hitting in-store sales, according to figures from the Office for National Statistics on Friday that added to signs the economy is recovering from last year's mild recession.

22.03 / 08:25

economy Boeing reports rights Interviews play BoE's Bailey says rate cuts in play, FT reports

(Reuters) — Bank of England Governor Andrew Bailey said expectations of interest rate cuts this year were not «unreasonable» and he struck an optimistic tone about the UK economy, the Financial Times reported on Friday.

22.03 / 04:51

markets UPS Reuters economy Nov Trade China yuan falls to four-month low, state banks step in

SHANGHAI (Reuters) -China's yuan declined to a four-month low against the dollar on Friday, breaching a key threshold and prompting state-owned banks to step in to defend the currency.

22.03 / 04:45

UPS economy pandemic Trade Cycling Rate Cut Asia FX sinks as dollar surges to 3-week high after SNB rate cut

Investing.com-- Most Asian currencies fell sharply on Friday, coming under pressure from a rebound in the dollar as an unexpected interest rate cut by the Swiss National Bank pushed currency traders squarely into the greenback.

22.03 / 04:45

markets Provident economy Nikkei Trade show Asian stocks Asian stocks slide with China in the lead; Nikkei loses steam

Investing.com-- Most Asian stocks sank on Friday with Chinese markets leading losses on resurgent concerns over a slowing economy, while a rally in Japan’s Nikkei 225 ran dry after strong inflation data.

22.03 / 03:49

security economy Food President country medicines International IMF says the economic situation in debt-stricken Sri Lanka is gradually improving

The International Monetary Fund says the economic situation in debt-stricken Sri Lanka is improving gradually from the country's worst economic crisis two years ago

22.03 / 01:57

Blockchain Provident Mobile economy Sustainability innovations Features Affyn Redefines Web3 Gaming with Buddy Arena’s Multi-Chain Global Launch

Leading Singapore-based Web3 gaming company, Affyn, has unveiled Buddy Arena, the highly anticipated MOBA game with Web3 functionality. The mobile version of Buddy Arena is now available globally, alongside the introduction of their groundbreaking multi-chain ecosystem and innovative Omnia Sync Technology , significantly enhancing the gaming experience for players worldwide.

22.03 / 01:49

Citi economy Nikkei Trade electronic reports Japan’s Nikkei hits record high above 41,000 as post-BOJ rally continues

Investing.com-- Japan’s Nikkei 225 index rose in morning trade on Friday, notching a record high above key levels as investors remained largely upbeat over the Bank of Japan remaining accommodative in the near-term.

22.03 / 01:49

markets UPS economy War shock International Egypt raises wide range of fuel prices, official gazette says

CAIRO (Reuters) — Egypt raised prices on a wide range of fuel products on Friday, the official gazette said, pressing ahead with a promise it made to the International Monetary Fund (IMF) more than a year ago as part of a $3 billion financial support agreement.

21.03 / 23:27

economy President shooting show Department Courts Sixteen Republican-led US states sue federal government over ban on LNG permits

By Clark Mindock

21.03 / 21:59

UPS economy Uncharted Trade Cycling Wall Street extends overnight record setting after SNB cut, steady Fed

By Alden Bentley, Alun John and Tom Westbrook

21.03 / 19:55

UPS Progressive Fighting economy trends show Inflation drop is ‘very encouraging’ but ‘it’s one number’: BoC official

Signs of progress in the Bank of Canada’s inflation fight are “very encouraging” to monetary policymakers, a deputy governor at the central bank says, but that’s not the only thing officials are looking at when gauging their interest rate path.

21.03 / 19:55

markets COST UPS Target economy show rowing Rate cuts could be in the cards for 2024, but BoC sees housing market as a risk

The Bank of Canada’s governing council seems to be growing in confidence that the central bank will be able to lower its benchmark interest rate sometime this year, but newly released documents show there’s concern among monetary policymakers about risks to their outlook.

21.03 / 19:55

markets COST UPS Target economy reports U.S. Federal Reserve says 3 interest rate cuts still expected despite high inflation

Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year.

21.03 / 19:27

Extreme Gap economy show country reports inequality Mint Primer | Mind the income gap: Is India becoming a plutocracy?

Income and wealth inequality in India are at a historical peak with the share of the richest 1% higher than in countries like China and Brazil, finds a new study by the World Inequality Lab. Left unattended, India could slide into a plutocracy, the authors warn. Mint takes a look.

21.03 / 19:27

Citi economy Remark musician orchestra Traffic The economic consequences of legal behaviour: Letter or spirit?

The way people navigate traffic can tell us a lot about their respective cultures. Recently, while walking to my office in midtown Manhattan, New York City, I stopped at a red light when an elderly woman with a walking stick caught my attention as she cautiously looked both left and right. When she saw that no car was close enough to hit her—assuming they adhered to New York’s speed-limit laws—she gave me a puzzled look and crossed the street.

21.03 / 17:15

UPS economy pandemic Trade show reports Japan’s exports rise nearly 8% in February on strong shipments of cars and machinery

Japan has reported its exports rose 7.8% in February from a year earlier on strong shipments of cars and electrical machinery

21.03 / 17:15

markets UPS security economy reports Department Applications for U.S. unemployment benefits dip to 210,000, another sign the job market is strong

The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security

what you should know about economy

What is economy and why is it relevant?

Economy is a trending topic that interests a wide audience. On our site, we regularly publish updates related to this subject.

Where can I find the latest updates on economy?

All latest articles about economy can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on economy?

We rely on trusted sources to ensure that the information about economy is well-supported and valuable for our readers.