Economy Financial News

WASHINGTON (Reuters) — The U.S. Energy Department (DOE) on Tuesday is set to unveil final rules that will significantly soften its proposal that would have slashed electric vehicles' (EV) mileage ratings to meet government fuel economy requirements in 2027, sources said.

By Herbert Lash and Harry Robertson

More than 80 per cent of newcomers who arrived in the past decade say Canada is too expensive to live in as they try to establish themselves amidst rising costs and employment-related obstacles, according to a new survey.

NEW DELHI : Odisha has set an ambitious target of attracting an investment of ₹10,000 crore for its textiles sector over the next five years, with the aim to bolster the state's economy by creating more than 100,000 job opportunities. In a conversation with Mint, Bhupendra Singh Poonia, managing director, Industrial Promotion & Investment Corporation of Odisha (IPICOL), said, “The state government has approved projects in the textiles sector under the revised Industrial Policy Regulation (IPR) that offers a 30% reimbursement facility to investors in the textiles sector." Investors can expect this incentive to be disbursed in five equal annual installments, translating to a 6% reimbursement each year, starting after the commencement of commercial production.

Stocks and US equity futures rose as investors awaited policy decisions from the US and Japan this week for near-term trading cues.

– By Ashwini Kumar

Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing

China has reported its manufacturing and investment improved in the first two months of the year, while weakness in the property sector weighed on the economy

Asian stocks are higher ahead of policy decisions this week by Japan's central bank and the Federal Reserve

Lyft and Uber have said they will halt operations in Minneapolis because of a new city ordinance that increases wages for app-based drivers

Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates

Asian stocks have advanced and European markets started the day with gains ahead of policy decisions this week by Japan’s central bank and the Federal Reserve

US inflation rises to 3.2%, dampens hope of Fed's interest-rate cut until June However, Powell in his comments to US lawmakers earlier this month said the central bank expects to reduce its benchmark interest rate later this year even though the continued progress on lowering inflation to the two per cent target “is not assured". Read more: US Fed signals rate cuts in 2024; Powell says progress towards 2% inflation target ‘not assured’ Mint talked to several analysts on what they expect from the Fed policy outcome this time and how it can impact market sentiment.

monetarist ideas; the global financial crisis of 2007-09 spurred interest in credit and banking. Sure enough, the recovery from the covid-19 pandemic has given economists another chance to learn from their mistakes. Papers presented at the recent conference of the American Economic Association (AEA) offer clues as to the theories that might eventually become the received wisdom of the next generation.

By Leika Kihara

(Reuters) -The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. 

marriages in China jumped 12.4% in 2023 from a year earlier, reversing a downtrend that has lasted for almost a decade as more youth tied the knot after delaying their nuptials due to the COVID-19 pandemic. The number of newlyweds rose to 7.68 million last year, according to data released by the Ministry of Civil Affairs last week. This was up 845,000 couples from 2022 but still far below the peak of 13.47 million couples hit in 2013.

Jeevan Ghorpode, Nashik, Maharashtra Before we understand what logistics mutual funds are, it is important to understand sectoral/thematic mutual funds since logistics mutual funds are a subcategory of sectoral/thematic mutual funds. Thematic/sectoral funds invest in stocks tied to a specific theme or a sector. These funds invest in companies and sectors united by a common idea or concept.

The Russian crypto mining industry could be set for a $4 billion boost, representatives claimed at a media event in Irkutsk, Siberia.

Panama Canal has avoided the worst of a shipping crunch that threatened to upend the global economy — but at a cost to marine life and the Latin American country’s supplies of drinking water. After imposing strict limits on vessel traffic last year as drought left water levels languishing, the Panama Canal Authority is increasing the number of ships that can cross. Thanks to conservation measures, water levels fell just over a foot for the year through March 12, compared with three feet during the same period of 2023. Those measures, though, come with side effects. The canal recycles water from locks that vessels pass through, instead of simply flushing it into the ocean. This reused water gets saltier, and some of it infiltrates Lake Gatún, an artificial lake that forms part of the channel and is also Panama’s largest source of potable supply.

Investing.com-- Most Asian stocks were on Monday as caution prevailed before a barrage of key central bank meetings this week, most notably from the Federal Reserve and the Bank of Japan.