Economy Financial News

According to the OECD, Canada was the third largest recipient of foreign direct investment (FDI) inflows in the first three quarters of 2023 (at US$42 billion), behind only the United States and Brazil. Does that mean Canada is doing well attracting capital, as the federal government has argued? Not really. Not if you consider outflows, too.

Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready yet to start lowering interest rates.

The bull market rages on, so far undeterred by the likely delay in interest rate cuts and hawkish statements from Fed officials.

Federal Reserve Chair Jerome Powell vowed in an interview aired Sunday that the central bank will proceed carefully with interest rate cuts this year and likely will move at a considerably slower pace than the market expects.

Property developers welcomed the Reserve Bank of India’s decision to keep the repo rate unchanged on Thusday (February 8), a move that is likely to resonate positively within the real estate sector. This decision creates a conducive environment for both individuals and businesses, and will stimulate demand momentum.

The Reserve Bank of India (RBI) on Thursday decided to maintain the status quo on the repo rate, leaving it unchanged at its current level of 6.5%. This decision, announced after the Monetary Policy Committee (MPC) meeting, comes as no surprise to many economists and market analysts who had anticipated such a move amidst the prevailing economic conditions. While this decision holds implications for various sectors of the economy, it particularly impacts the real estate market, prompting home buyers to reevaluate their strategies and decisions.

Not only is CPKC lagging the trend of major freight railroads agreeing to provide paid sick time to most of their workers

PM Modi said, "As a distinguished scholar and statesman, Narasimha Rao Garu served India extensively in various capacities. He is equally remembered for the work he did as Chief Minister of Andhra Pradesh, Union Minister, and a Member of Parliament and Legislative Assembly for many years.

KKR's Henry McVey joins 'Barron's Roundtable' to discuss GDP data showing the economy is growing and inflation cooling.

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

Checking a bag at the airport has gotten pricier for travelers — and harder to avoid.

The U.S. stock market is in a «very dangerous» spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve's interest rate hikes have not had the desired effect, according to Cole Smead, CEO of Smead Capital Management.

Turkey's new central bank chief says the work to tame inflation — namely through interest rate hikes — will continue “with determination.”

Gurgaon is undergoing rapid development, and the city positions itself for significant growth and transformation. Several areas within Gurgaon are transforming into lucrative hubs, offering opportunities and holding immense potential for investors and residents. As the city experiences economic growth, sector 89 and the other sectors in the vicinity especially have emerged as the prime location, presenting compelling investment opportunities. This area is coupled with well-connected infrastructure, positioning the region as an ideal choice for investment. The skyscrapers, rapid urbanization, and strategic location attract businesses, professionals, and residents. The strategic development emerging in this city makes it an appealing prospect for those seeking to capitalize on its upward trajectory.

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Raymond James Investment Management chief market strategist Matt Orton looks ahead to earnings reports, future of the AI sector and the Fed's rate trajectory.

The Bank of Canada is expecting the housing market will “rebound” this year amid expectations for interest rate cuts sometime in 2024.

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.

NEW DELHI : The ruling National Democratic Alliance (NDA) government and the opposition Congress party locked horns on Thursday, over a paper tabled in the Lok Sabha by finance minister Nirmala Sitharaman accusing the previous United Progressive Alliance regime of undermining the country’s macroeconomic fundamentals, and the Congress hitting back at the government citing price rice and unemployment. The debate over the economic track record before and after 2014 highlighted major shocks that India’s economy underwent under both regimes, how the respective governments dealt with them, the effectiveness of the fiscal stimulus, given as well as the persisting issues of price rice and job creation not being commensurate with the demand from a large working age population.

The Czech Republic’s central bank has cut its key interest rate for the second straight time in an effort to help the struggling economy

₹300 billion) to 5.8% of gross domestic product (GDP), despite weaker-than-expected nominal GDP growth. Further, by targeting a fiscal deficit of 5.1% of GDP for the next year (lower than the 5.2% recommended by very few, including us), the government clearly signalled that achieving a fiscal deficit of 4.5% in 2025-26 is now a feasible goal. This is a clear and emphatic message from the government that it prioritizes long-term macroeconomic stability, even if it involves sacrificing some short-term growth.