Economy Financial News

15.02 / 09:17

Reuters economy Boeing Election show reports UK economy falls into recession, adding to Sunak's election challenge

By Suban Abdulla and Andy Bruce

15.02 / 09:17

Target economy Trade President reports European shares climb as positive corporate earnings lift risk appetite

(Reuters) — European shares rose on Thursday as investors digested a slew of better-than-expected corporate earnings and UK's GDP data, while comments by European Central Bank President Christine Lagarde on disinflation process in the euro zone lifted sentiment.

15.02 / 09:17

Reuters JPMorgan economy show information travelers Oil slips after large US crude stock build

By Emily Chow

15.02 / 06:48

markets economy trends Trade President show Asia FX stems losses as dollar consolidates; yen digests Q4 recession

Investing.com-- Most Asian currencies moved little on Thursday as mild consolidation in the dollar offered some relief, while the Japanese yen firmed as expectations of government intervention offset data indicating an economic recession.

15.02 / 06:48

markets economy Nikkei trends show track Asian stocks Asian stocks buoyed by tech; Japan coasts past Q4 recession

Investing.com-- Most Asian stocks rose on Thursday as major technology shares tracked a rebound in their U.S. peers, while Japan’s Nikkei 225 neared record highs even as the economy unexpectedly entered a recession.

15.02 / 06:48

Target economy Sustainability show shock Destinations Japan enters technical recession in Q4, muddling BOJ's pivot plans

Investing.com-- The Japanese economy unexpectedly shrank in the fourth quarter of 2023, entering a technical recession as sticky inflation and a weak yen weighed on private spending, which largely offset improved export demand.

15.02 / 06:29

Progressive Action economy country voice Department International NOT CEA flags carbon tax, says developing countries must not be penalised

Chief economic advisor V Anantha Nageswaran on Thursday voiced concerns against the imposition of tariffs by select advanced economies on high-carbon goods coming from other sources, arguing that developing countries must not be penalised in such a manner when they also contribute to the economic activities in the developed world. He also stressed that the developing countries that are progressing towards renewable energy have become more vulnerable now than before when they were consuming fossil fuels, especially in the wake of geopolitical tension. The CEA highlighted that in a globalised world, developing countries also help preserve the lives and businesses in developed nations.

15.02 / 06:15

markets COST UPS economy Pool wellness prevention Capital inflows: Balancing market gains with economic risks

The Economist while examining the Netherlands’ loss of export competitiveness and rise in unemployment subsequent to the discovery of oil and gas in the North Sea in 1959. The export of hydrocarbons brought in so much of foreign exchange that the Dutch guilder (this was before the EU was formed and most EU members adopted the euro as their currency) became overvalued, rendering non-gas Dutch exports less competitive.

15.02 / 05:09

markets UPS CEO economy Election Trade rights Tractor industry in a rough spot; Mahindra expects sales to drop 10% in Q4

Mint. However, group CEO Anish Shah said the tractor market was coming off its best-ever volumes in the past three years, and though several positive and negative factors were affecting rural demand, "the rural economy is doing reasonably well". Jejurikar said, "We expect the tractor industry to be more negative than what we'd thought, based on what we've seen over the past few months.

15.02 / 04:07

UPS economy Election Opinion Research Our youth don’t favour all elections held in sync

There are some things the Bharatiya Janata Party (BJP) can take for granted. Such as its hold on the so-called Hindu vote, no matter how defined, and its poll prospects bumped up by the popularity of Prime Minister Narendra Modi.

15.02 / 03:59

markets UPS Strategy economy Election wellness performer asset allocation Investors must opt for an asset allocation strategy, says Palka Arora Chopra of Master Capital Services

MintGenie, Chopra said that when analysing fund performance, investors should consider not only point-to-point performance but also the fund's rolling returns relative to its benchmark, as well as risk-adjusted performance. 6.5% economic growth is expected in Fiscal year 2024-25 making India one of the fastest-growing economies in the world. The Indian Economy is expected to outgrow China’s economic growth because of the high foreign investments expected in 2024.

15.02 / 03:35

Provident Target CEO economy NVIDIA Trade Schools Cisco to lay off more than 4,000 employees, lowers annual revenue forecast

Cisco Systems said it would cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy that has led to thousands of layoffs by tech firms this year. Shares of the networking equipment maker fell more than 5% in extended trading on Wednesday, after Cisco cut the forecast to $51.5 billion to $52.5 billion from $53.8 billion to $55 billion, it projected earlier.

15.02 / 03:35

Manufacturing economy Microchip show 2020 reports record high Chip giant TSMC helps power Taiwan's stock index to record high

Taiwan's stock index hit a record high Thursday, fuelled by a surge in tech titan TSMC after it reported strong sales that lifted optimism for the sector and demand for chips used for artificial intelligence. The Taiex jumped as much as 3.5 percent at the opening, surpassing a January 2022 peak, as traders returned from their Lunar New Year holiday.

15.02 / 01:37

markets UPS Reuters economy Nikkei show performer Japan's economy slips into recession, raises BOJ policy uncertainty

Japan's economy slipped into a recession as it unexpectedly shrank for a second straight quarter on weak domestic demand, data showed on Thursday, raising uncertainty about the central bank's plans to exit its ultra-easy policy sometime this year. The surprisingly weak performance saw Japan lose its title as the world's third-largest economy, replaced by Germany.

15.02 / 01:37

COST Manufacturing Fighting economy show Germany overtakes Japan as third-biggest economy

economy, Japan slipped below Germany last year to fourth place, official data showed Thursday, although India is projected to leapfrog both later this decade. Despite growing 1.9 percent, Japan's nominal 2023 gross domestic product in dollar terms was $4.2 trillion, government data showed, compared with $4.5 trillion for Germany, according to figures released there last month.

15.02 / 01:33

Reuters economy Trade show information Singapore's Q4 economy grows slower than first estimates

By Xinghui Kok

15.02 / 01:33

economy Trade show country travelers Colleges Some Chinese youth spurn corporate jobs for 'me time' as economy slows

By Nicoco Chan

15.02 / 00:31

Blockchain Digital Platform economy innovations rights Param Labs and Animoca Brands partner to innovate and advance gaming industry in MENA and beyond

14 February 2024 –Param Labs, a leader in game and technology development, and Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, today announced a strategic partnership to leverage Animoca Brands’ expertise to bolster Param Labs’ go-to-market strategy, particularly in the area of launching innovative Web3 products, and to refine Param Labs’ blockchain and token economy design.

14.02 / 23:53

Provident Waves Google economy Splunk trends Cisco Systems to lay off more than 4,000 workers

Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees

14.02 / 20:39

Provident economy wellness IFO country reports Courts Slash Exclusive-Germany to slash 2024 economic growth forecast to 0.2%, source says

By Christian Kraemer and Rene Wagner

14.02 / 20:39

COST CEO economy Eaton Trade reports Morgan Stanley laying off hundreds in wealth management unit, source says

By Mehnaz Yasmin

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