Economy Financial News

oil markets have been largely quiescent. In fact, however, a new phase is beginning—one in which oil demand, not supply, will be the primary influence on energy markets. This shift will bring with it profound geopolitical consequences.

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for a set of nowcasts compiled by CapitalSpectator.com.

Signals that Ottawa wants more domestic investment from Canadian public pension funds are being amplified by some members of the business community who argue there’s more these large pools of capital can do to boost Canada’s economy.

Forty per cent of Canadian industries are “highly vulnerable” to external demand and supply shocks, Statistics Canada says.

By Gertrude Chavez-Dreyfuss and Iain Withers

Gold and silver prices Today on 15-03-2024 : Check latest rates in your city Now, the prices of the yellow metal will now depend to next week's Fed meeting, where there will be an updated dot plot, and the market is going into the meeting with expectations of a hawkish Fed, as reflected in rising bond yields and a rising dollar index. “Apart from the inflation print the other data's have been indicating a mixed picture of the U.S. economy with manufacturing/ services activity slowing down, unemployment rate ticking up to rising retail sales and lower unemployment claims - keeping sentiments subdued.

Investors are dismissing the risk of stagflation, sending record flows into US equities, according to Bank of America Corp.

Treasury Secretary Janet Yellen discusses inflation risks, taxes and credit card debt in an exclusive interview with FOX Business.

inflation within tolerable limits, finance minister Nirmala Sitharaman, said on Friday at ET Awards 2023. «Inspite of Covid, and value chain disruptions, droughts, and floods, this government has been very focused on keeping inflation within tolerable limits,» she said. While talking about the labour market, the FM added that it is going through a massive transformation with formalisation of the economy, including women participation in labour force.

Rajnath Singh on Friday asserted that the days were not far when 'Ram Rajya' will be established in India, which would be among the top three economies in the world by 2027. He also hit out at those branding the BJP communal over the implementation of the Citizenship (Amendment) Act or CAA and demanded to know under what circumstances the population of Hindus in Pakistan dwindled to about 3 per cent from about 23 per cent. Addressing a rally at Itkhori, around 160 km from state capital Ranchi, Singh said, «Ram Rajya will be established in India with the consecration of Ayodhya temple… Ram Lalla has reached his palace from his hut.» «India will be 'vishwaguru' (world leader) under Prime Minister Narendra Modi on the back of development work undertaken by him and it is God's wish that he remains the PM not only for the third time but for the fourth time as well,» he said.

Wholesale prices in the United States accelerated again in February, the latest sign that inflation pressures in the economy remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like

The number of Americans applying for jobless benefits last week inched up but largely stayed at historically low levels as the labor market continues to thrive despite elevated interest rates

Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway

Shares have retreated in Europe and Asia after a mixed batch of data on the U.S. economy dashed hopes that easier interest rates are coming soon

American shoppers picked up their spending a bit in February after pulling back the previous month

Going into this election year, the United States is slogging through a housing affordability crisis

Official data shows Germany’s greenhouse gas emissions dropped by one-tenth last year as renewable energy grew in importance, the use of coal and gas diminished and economic pressures weighed on businesses and consumers

investment of Rs 4,150 crore or around $500 million. and allowing investors three years to set up local manufacturing for EVs with domestic value addition (DVA) of 25% by the third year and 50% by the fifth year. “The policy is designed to attract investments in the e-vehicle space by reputed global EV manufacturers,” the commerce and industry ministry said in a statement. The customs duty of 15% (as applicable to CKD units) would be applicable on vehicle of minimum CIF value of $35,000 and above for five years subject to the manufacturer setting up manufacturing facilities in India within a 3-year period.

China published a set of rules on Friday that would tighten scrutiny over stock listings, public companies and underwriters, as regulators ramp up efforts to revive investor confidence. Regulators will vet initial public offerings (IPOs) more closely, crack down hard on securities fraud, and encourage listed firms to increase dividend payouts and buy back shares.

Russian lawmakers have criticized Moscow over its “failure” to regulate the crypto sector, claiming that inaction harms the nation’s economy.

Investment to outperform consumption: The brokerage observed that Gross fixed capital formation (GFCF) growth in India accelerated sharply from 8.2 percent in 2002 to 17.5 percent in 2004, and the pace of growth held firm at 16.2 percent in 2005-07. In that cycle, the fiscal deficit was already consolidated, the banking system’s non-performing loan issues were cleaned up and the economy was poised for a capex upswing, it added. This cycle too, investment growth has been stronger, said the brokerage.