Economy Financial News
29.02 / 03:03
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Gold Prices
Gold prices steady as traders brace for US inflation data
Gold prices held ground on Thursday as traders awaited the Federal Reserve's preferred inflation gauge due later in the day that could provide a fresh perspective into when the U.S. central bank could start cutting interest rates. FUNDAMENTALS
29.02 / 01:25
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Q3 GDP data today: India's FY24 GDP pegged at 7.3%, H2FY24 growth to ease on lower capex, says NSE Report
repo rate steady at 6.5 per cent for the sixth straight meeting this month and decided to focus on the withdrawal of accommodation. RBI Governor Shaktikanta Das has reiterated that the policy imperative at the current juncture is to remain focused on achieving the four per cent inflation target on a durable basis, keeping in mind the objective of growth.
29.02 / 00:11
28.02 / 22:07
markets
DOW
economy
reports
inflation data
Stock Market Today: S&P 500 slips as tech struggles ahead of key inflation data
Investing.com-- The S&P 500 slipped Wednesday, but the broadening out of the rally beyond tech kept losses in check ahead of key inflation data that will likely influence the Federal Reserve interest rate outlook.
28.02 / 20:01
markets
FIVE
Progressive
Action
economy
Citigroup
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Soft data bolstering Bank of Canada interest rate cuts in April, some analysts say
Analysts who expect the Bank of Canada’s first interest rate cut in April are rare — but they believe economic data may soon prove there’s enough disinflationary pressure to spur policymakers into action.
28.02 / 19:45
markets
UPS
Analysis
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reports
TSX declines as sentiment turns risk-off; National Bank and RBC earnings beat
Investing.com — Canada’s main stock index, the S&P/TSX Composite index, tracked Wall Street’s main indices lower today as sentiment turned risk-off following the second revision of U.S. fourth-quarter GDP data.
28.02 / 19:23
economy
Southern
wellness
country
reports
International
Sri Lanka may be back on the tourism map but its recovery is fragile
Sri Lanka’s bustling Colombo airport is busier than it has been in the past few years. Last year, the country welcomed 1.5 million tourists, a fifth of them from India. Long-stay Russians number 300,000 and have transformed some of the country’s southern resort towns, not always for the better.
28.02 / 16:53
economy
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Department
Oil prices pull back on delayed US Fed rate cuts, OPEC output hopes; Brent down 1% to $82/bbl
₹6,495 per bbl, having swung between ₹6,456 and ₹6,598 per bbl during the session, against a previous close of ₹6,514 per barrel. -Analysts attributed the price falls to profit-taking plus a combined response to a surge in US crude stocks and continuing hopes of a Gaza ceasefire deal in coming days.
28.02 / 16:48
Booking
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International
Airfares were already dropping. Here’s why they could go even lower in 2024
U.S. airfares are, on average, 15% lower now than they were a decade ago, and 6% lower than this time last year
28.02 / 16:45
markets
economy
Bitcoin
reports
Stock market today: Wall Street drifts as bitcoin bounces again
Stocks are drifting on Wall Street, and the S&P 500 is edging down by 0.1%
28.02 / 16:11
UPS
Reuters
Analysis
economy
reports
Department
US fourth-quarter economic growth revised slightly lower
'Kudlow' panelists Steve Forbes and Sandra Smith discuss preserving the U.S. dollar.
28.02 / 15:47
economy
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concert
rights
Headlines
Moldovan breakaway region asks Russia to protect its economy from pressure
CHISINAU (Reuters) — Officials of the Russian-backed Moldovan breakaway region of Transdniestria asked Russia on Wednesday to help protect it from what it what described as concerted economic pressure by the Moldovan government.
28.02 / 14:53
28.02 / 14:53
Action
Strategy
economy
Bill
students
US can orchestrate soft landing through fiscal stimulus - Piper Sandler
Analysts at Piper Sandler said in a Monday note that the US could orchestrate a soft landing through fiscal stimulus measures such as student loan forgiveness, tax cuts, and more defense spending, among other things.
28.02 / 14:41
UPS
Manufacturing
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inflation data
Wall St opens lower on caution ahead of inflation data
By Amruta Khandekar and Bansari Mayur Kamdar
28.02 / 14:19
UPS
ETF
SUN
economy
country
International
Top 5 global funds gain up to 87% in just a year. Do you own any?
Global equity funds are those that invest in the stocks of foreign companies. These overseas funds could be the country funds that invest in the economy of a specific country like the US or the regional funds that invest in companies from a specific geographical region anywhere in the world. Furthermore, these funds can take the form of global sector funds, which invest in companies worldwide within a specific sector, or sector-agnostic funds, which offer geographical diversification by investing across various sectors. Top global funds are those that deliver higher returns within the international funds category. Here are the top global funds.
28.02 / 13:36
UPS
Provident
Compilation
economy
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wellness
The surprising gap in India’s capex binge
₹11 trillion in 2024-25—almost 4.5 times the level in 2014-15. It represents 3.4% of projected GDP, up from 2% nine years ago. Capital expenditure is seen as the building of assets that yield social and economic benefits over time—for example, road, bridges and ports.
28.02 / 12:09
UPS
Extreme
economy
Food
country
social
Joe Oliver: Liberals need to ditch Steven Guilbeault’s radical activism
Asked how he went bankrupt, a character in Ernest Hemingway’s The Sun Also Rises answers, “Two ways. Gradually and then suddenly.” He was talking about how financial collapse happens but he was also foretelling Canada’s economic future if Steven Guilbeault, minister of environment and climate change, continues to foist his destructive lunacy on Canadians. Not only does his environmental extremism impoverish us, it undermines our democratic freedoms.
28.02 / 11:37
COST
Target
economy
Trade
country
inclusion
WTO backs India's proposal to cut remittance cost: Developing countries to benefit most; vantage for UPI, say economists
The Economic Times. Except the US, most WTO members have backed India's proposal. A cost reduction can not only increase the inflow of remittance to developing countries like India, but also create vantage for the country's Unified Payments Interface (UPI) for global penetration, economists told Livemint, while speaking on its impact on the Indian economy.
28.02 / 09:01
Digital
Mobile
economy
inclusion
Features
Updates
Sporting
2024 Pulsar NS200, NS160 and NS 125 debut in India: Details on prices and upgrades new
₹1,57,427 for the Pulsar NS200, ₹1,45,792 for the Pulsar NS160, and ₹1,04,922 for the Pulsar NS125, all based in Delhi. One of the standout features of the 2024 Pulsar NS range is the updated lighting system. The motorcycles now boast a new LED headlamp with integrated LED Daytime Running Lamps, replacing the halogen turn indicators with modern LED units.
28.02 / 08:39
Digital
economy
country
reports
Schools
rights
International
India’s position unchanged at 42 on International IP Index 2024
India’s position remained unchanged at 42 at the International IP Index 2024 compared to 2023, with no change even on the index score which stood at 38.64% since 2022, the US Chamber of Commerce said in a report released on Wednesday. The index ranks 55 countries on their intellectual property (IP) regime. The top countries on the index were the USA (95.48%), UK (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).
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