Economy Financial News

Canadians are stressed out about the economy and have little faith in politicians or governments to fix big problems, a new survey suggests.

Walmart has sourced goods worth over USD 30 billion from the Indian market in the last two decades for its global operations, a company official said on Tuesday. Now the Bentonville-headquartered firm has a goal to triple its sourcing of goods from India up to worth USD 10 billion per year by 2027, said Walmart Inc Executive Vice President, Sourcing Andrea Albright. Walmart is encouraging MSMEs (Micro, Small and Medium Enterprises) and entrepreneurs with proper training and believes that there is a tremendous opportunity to continue to contribute to India's growing economy, she said.

Mutual Fund announced the launch of the Union Business Cycle Fund. The scheme opened for public subscription on February 13, 2024, and will close on February 27, 2024.

SIDBI ET MSME Conclave is now set to enter Gujarat. The fifth session is scheduled to be held in Rajkot on February 15. The conclave is a series of events being held across the country with the aim to bring together micro, small & medium enterprises (MSMEs), policymakers and ecosystem enablers. To register for the Rajkot conclave, click here.

Creator Festival — Creators United 2024. The event, set for 15 March 2024, is the festival's second edition. The event will be organised collaboratively by Mad Influence in association with the Government of Maharashtra. The festival, which will be held at NESCO, Mumbai, is an exclusive, invite-only event, designed to offer a unique and engaging experience to over 1,000 influencers in addition to brands, agencies, and industry experts who will all come together for a celebration of creativity, innovation, and collaboration. «Celebrating innovation and creativity is essential to Maharashtra's values. As we embrace digital transformation, initiatives like Creators United 2024 play a pivotal role in fostering collaboration and driving economic growth,» Chief Minister of Maharashtra, Eknath Shinde, said in a statement.

Israel's war on Hamas in Gaza has also wreaked havoc on the Palestinian economy in the West Bank

Asian shares are mostly rising in morning trading, as investors watched for the latest indicators on inflation

Israel's finance minister has slammed a decision by the financial ratings agency Moody’s to downgrade Israel’s credit rating

Asian shares have gained in morning trading, as investors awaited an update on U.S. consumer inflation that might help set the Federal Reserve's policy on interest rates

Inflation may have fallen below a 3% annual rate last month, which would be the lowest level in nearly three years and a potentially significant milestone as the Biden administration seeks to bolster Americans’ views of the economy before the November ...

Just a quarter of business economists and analysts expect the United States to fall into recession this year

Diamondback Energy will attempt to buy rival Endeavor Energy Resources to create an energy giant in the Southwestern United States worth more than $50 billion

«It is a very big call, we believe, all power companies should be given the shot. Now, only challenge comes into picture is that we have to see up to what extent it has been priced in and to what extent it is not,» says Sandeep Tandon, CIO, Quant Mutual Fund. At the recently concluded GBS, you also had the Power and Renewable Energy Minister talking about how the sector is really gearing up for capacities to meet the growing electricity demand given that there has been a huge surge as well in economic growth. As a space as well, a lot of stocks within the sector have fired up. What is your take on the power stocks? So power or energy as a thesis, we remain very constructive for a while. We have been talking about it for more than a year now. This is the opportunity which we talk about both not only in public sector, even in the private sector. And again, this also, if I look at much larger thesis about renewables coming into picture or new age energy, I think then this thesis can last even again for a decadal perspective.

SpaceX rocket on Wednesday, following recent completed touchdowns by China, India and Japan. So why entrust such tasks to the commercial sector, especially after an attempt by another company with similar goals, Astrobotic, failed just last month? The answer lies in the way NASA has fundamentally reorganized itself for Artemis, the agency's flagship Moon-to-Mars program.

₹1,063.40 apiece on the BSE. On Monday, Bharat Forge stock price plunged over 14% after the forging company reported its December quarter results. In two days, the stock has fallen over 19%.

Investing.com-- Oil prices moved little in Asian trade on Tuesday as traders turned cautious ahead of key U.S. inflation data that is expected to factor into the path of interest rates, while an OPEC monthly report was also in focus. 

“SIPs have seen a consistent rise for almost a decade now. They are up nearly 10x over the last decade and have significantly helped lower the market volatility and aided in wealth creation of retail investors” says Shiv Sehgal, President & Head, Nuvama Capital Markets. In an interview with ETMarkets, Sehgal said: “I wouldn’t be surprised if this number rose by another 10-15% from hereon,” Edited excerpts: The India investor conference has been 19th year in a row now? What has been the outcome of your discussions with the FIIs congregated for the same? Shiv Sehgal: The Nuvama India conference is a flagship conference that we have been running it for 2 decades and is the second under the Nuvama umbrella.

₹6.72 trillion were higher than last year’s ₹6.37 trillion. While this looks encouraging, 80% has been raised by financial companies, compared with 74% last year. So non-financial firms have raised just ₹1.34 trillion.

The S&P 500 rose 1.4% last week to deliver its first ever weekly close above the 5000 handle. Stocks managed to navigate through a barrage of commentary from Federal Reserve officials, which predominantly emphasized the ongoing need for disinflation before any potential interest rate reductions.

SYDNEY (Reuters) — Australia's central bank on Tuesday reiterated that while inflation was slowing, it was still too high and would take time to return to target, with much depending on whether productivity revived as hoped.

SYDNEY (Reuters) — Australian consumer sentiment rebounded to a 20-month high in February as a slowdown in inflation fuelled hopes interest rates had finally peaked and boosted spending intentions, a survey showed on Tuesday.