Economy Financial News
24.02 / 05:07
markets
Compilation
economy
NVIDIA
Nikkei
show
Record-high Nikkei’s rise just getting started on foreign demand
Nikkei 225 Stock Average past a record that stood for more than three decades looks set for further advances as foreigners rush back in. That’s the view of investors and strategists, who are also watching for a potential broadening of equities gains that may take the wider Topix index to an all-time high this year. Fund flow data indicate there’s scope for trillions of yen to return to Japan’s stock market based on figures compiled by Bloomberg.
24.02 / 05:07
markets
UPS
economy
Enterprise
wellness
Trade
performer
Mantra
China stock traders’ new mantra is enjoy the rally while it lasts
Chinese stocks from world’s worst to best performers is stoking cautious optimism that the rally will continue as long as favorable market policies remain in place. Rarely has a week gone by in 2024 without Beijing unleashing new measures to buttress the market or the economy. That policy resolve has pushed an index of Chinese shares listed in Hong Kong up more than 10% this month, topping the 90-strong list of major global equity gauges. The CSI 300 Index of onshore shares has risen for nine days, its longest winning run since 2018.
24.02 / 05:07
markets
Manufacturing
economy
PwC
track
electronic
reports
India on track to surpass US as second-largest economy by 2040: Report
Emphasising an ecosystem approach for value chain resilience, the report highlights India's ascendancy in the global electronics market, particularly in mobile phones, consumer electronics, IT hardware, and electronic components, which account for over 70% of the nation’s domestic manufacturing output. Sanjeev Krishan, Chairperson, PwC in India said,As the global landscape evolves, India stands at a pivotal juncture to redefine its role in the global electronics supply chain. Through strategic collaboration, innovation, and conducive policy environment that focuses on inclusive growth, India can seize the immense opportunities ahead to become a resilient and competitive electronics manufacturing powerhouse."
24.02 / 03:21
CEO
economy
Pool
awards
wellness
President
This American CEO earned mind-boggling $900 million in one year. All you need to know about the deal
Steve Schwarzman took home $896.7 million last year, a 30% drop from a year earlier, yet still one of the biggest annual payouts on record in high finance. Schwarzman, 77, collected $777 million in dividends alone from his roughly 20% stake in the alternative-asset manager, according to a regulatory filing Friday. He earned an additional $120 million mostly through incentive fees and the share of fund profits known as carried interest.
24.02 / 03:03
Digital
economy
Election
social
exclusive
innovations
Interviews
India-Indonesia can collaborate between digital infrastructure systems to push economic growth: Minister
startup ecosystems and Indonesia's startup ecosystem has been rapidly growing, fueled by a large young population and increasing internet penetration. There is immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange, Indonesia’s Creative Economy and Tourism Minister Sandiaga Salahuddin Uno has told ET. By sharing best practices and expertise, India and Indonesia can empower entrepreneurs, startups, and creative professionals to harness the full potential of digital technologies for innovation, growth, and social impact, Sandiaga who is in Delhi to participate in the Raisina Dialogue (India’s premier foreign policy dialogue) told ET in an exclusive interview. “There is great potential for partnership between Indian and Indonesian startups across-sectors — technology, e-commerce, fintech, healthcare, agriculture, and renewable energy,” the visiting Minister pointed out. “I recognize the immense potential for collaboration between India's public digital infrastructure and Indonesia's digital infrastructure to drive innovation, economic growth, and cultural exchange.”
24.02 / 02:31
Gap
security
economy
President
students
country
Profiles
The scramble for CAs is becoming a mad rush
₹20-25 lakh for just a few years of audit experience and are hiring from multiple channels," said Manu Saigal, director, general staffing at Adecco India, which is a recruitment firm. Also contributing to the attrition is a big gap between demand and supply. According to The Institute of Chartered Accountants of India (ICAI), there are about 400,000 members who are registered with ICAI.
24.02 / 02:31
Target
Action
economy
Food
cover
Jayanth Varma, MPC's sole dissenter, on inflation, interest rate and MSP
Mint a day after the release of the MPC minutes, Varma said that he expects normalization of interest rates and that his views regarding a rate cut will remain unchanged even if there is the possibility of a hike in minimum support price (MSP) in future. He was the only MPC member to have voted for a rate cut in the February policy meeting. Edited excerpts I think that India has sufficient monetary autonomy to base its monetary actions on the needs of the domestic economy.
23.02 / 21:31
23.02 / 18:51
markets
Progressive
economy
President
track
Interviews
Fed's Williams says rate cuts likely to happen 'later this year'
(Reuters) -New York Federal Reserve President John Williams sees the U.S. central bank on track to cut interest rates «later this year,» despite stronger-than-expected inflation and labor market data in January, according to an interview with Axios.
23.02 / 18:49
markets
UPS
FIVE
security
economy
Trade
Canada's Big Five banks pile into hot risk-transfer trade
A little-watched corner of Canada’s credit market is being shaken up by the country’s largest lenders as they pile into securities that shift credit risks to other investors — a play likely to be copied by their counterparts on Wall Street.
23.02 / 18:49
markets
UPS
Target
economy
wellness
Experts
reports
Posthaste: Bank of Canada a lot closer to inflation target — and rate cuts — than it thinks, strategist says
Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.
23.02 / 18:33
UPS
Art
Booking
economy
Discover
love
cover
Behind the Byline | Vivek Kaul and the art of Easynomics
How to explain the budget to an engineer" is a testament to his explanatory approach towards financial news. Some of his other pieces include the likes of “Explaining inflation to your boyfriend", “How to explain the Budget to your grandma", and “How to explain the budget to a teenager". The 2008 global financial crisis was a pivotal moment for many around the world.
23.02 / 17:41
23.02 / 16:45
23.02 / 15:47
23.02 / 15:09
Target
security
economy
President
Experts
reports
rights
German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the entirety of its provisions to break even.
23.02 / 14:55
UPS
Citi
Digital
Platform
economy
reports
place
Metaverse to place new demands on payment services - BIS
A 2022 Citi report predicted that the Metaverse economy could be worth up to $13 trillion by 2030. While the buzz has since subsided, the BIS says that if the metaverse does succeed there will be important implications for the digital economy that will see new demands on payment services, "for instance that they be fast, programmable and cross-border". Metaverse promotors such as Meta have talked up the role of cryptocurrencies and stablecoins. However, the BIS paper argues for the importance of competition, interoperability, consumer protection and data privacy. With this in mind, CBDCs and interlinked domestic fast payment systems could prove better options.
23.02 / 14:35
markets
IPO
economy
Reddit
social
reports
travelers
Travel company Viking Holdings confidentially files for US IPO
(Reuters) -Travel company Viking Holdings said on Friday it has confidentially filed paperwork for an initial public offering in the United States, the latest to take advantage of recovering investor appetite for new stocks.
23.02 / 12:47
Target
Progressive
CEO
economy
Intuit
wellness
Intuitive Machines stock explodes after historic moon landing. Analysts see more room for gains
Intuitive Machines Inc (NASDAQ:LUNR) said Friday it has successfully landed its Odysseus cargo lander on the Moon, marking the first time a commercial company has accomplished such a feat. LUNR stock surged 50% on the news.
23.02 / 11:21
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