Economy Financial News

(This Jan. 25 story has been refiled to add the missing word 'Central,' in paragraph 1)

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(Reuters) — Remy Cointreau's shares had their best day in over two decades on Friday, surging as much as 17% after the French spirits maker's commentary on China and the United States helped to lift some of the investor gloom over these two key markets.

TAIPEI (Reuters) — Taiwan's defence ministry said it detected 23 Chinese air force planes operating around Taiwan and carrying out «joint combat readiness patrols» with Chinese warships on Friday, ahead of high-level China-U.S. talks in Thailand.

Investing.com — U.S. stock futures edge down on Friday, as investors gauge a disappointing revenue outlook from chipmaker Intel (NASDAQ:INTC) and look ahead to fresh inflation data. Payments processor Visa (NYSE:V) forecasts a slowdown in quarterly revenue growth in its current quarter due in part to a recent cold snap in much of the U.S. that hit spending activity.

Voters in New Hampshire shared whether the state of the economy was a concern for them ahead of the 2024 election, with some citing continued high costs.

Investing.com — U.S. stock futures traded lower Friday, with sentiment hit by disappointing guidance from chip manufacturer Intel as investors awaited the release of key inflation data.

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BEIJING — China and the U.S. are working toward creating a more stable and predictable environment for businesses, Chinese Commerce Minister Wang Wentao said Friday.

Ajay Lakhotia: Nahi, aisa nahi hai (No, it’s not true). Think about this – what are the three most important things in our life – first, roti (food), second, kapda (clothes), and third, makaan (shelter). And then there are more important things – Instagram profile, number of followers, number of likes.

ties and Taiwan will be topics raised at a meeting between U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi in Bangkok, building on a pledge by the leaders of the world's two largest economies to deepen dialogue. «During the new round of meetings, (Wang) will state China's position on China-U.S. relations, including the Taiwan issue, and exchange views with the U.S. side on international and regional issues of common interest,» a ministry spokesperson told reporters at a regular press conference.

winter destinations of Kashmir, Himachal Pradesh, and Uttarakhand are reevaluating their travel plans due to an uncommon absence of snowfall. These regions, traditionally bustling with visitors during the winter season, are now facing a decline in tourism activity.

₹4,389 crore allocation for the current fiscal year. This increase, though modest, aligns with the government's commitment to establish India as a key global player in the textile industry. However, the limited hike could present challenges for the ministry in utilizing its funds efficiently.

US Federal Reserve should start cutting interest rates soon, says Bill Gross In the beginning of 2023, the US was widely tipped to fall into a recession as the Federal Reserve jacked up interest rates to combat an inflation scourge not seen in decades. On the other hand, China was expected to experience a rip-roaring recovery as it reopened its economy fully to commerce after the Covid-19 lockdown. Mint Explainer | How China fumbled the bag with its economy post-Covid However, this week's GDP data showed that the US economy ended the year with a bang, growing 3.3% in real, inflation-adjusted terms in the fourth quarter after expanding 4.9% in the third.

MSCI's broadest index of Asia-Pacific shares outside Japan held broadly steady and was on track for a weekly gain of 2%. Trading was thinned with Australia out on a holiday. Chinese stocks looked set to end the week on a strong footing as a wave of policy support from Beijing restored fragile investor confidence and put a floor under its sliding stock market. The blue-chip index rose 0.03% and was eyeing a 2% weekly gain, while the Shanghai Composite edged 0.3% higher, putting it on track for a 3% weekly rise, its largest since July 2023. Hong Kong's Hang Seng Index eased 0.41%, but was still more than 5% higher for the week, also its best performance since last July. In an attempt to shore up its fragile economic recovery, China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system. Those came a day after Bloomberg News reported Chinese authorities are seeking to mobilise about 2 trillion yuan ($278.98 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to buy shares. «We remain cautious on China, in line with our view for several years,» said John Pinkel, a partner and portfolio manager at Indus Capital. «We see evidence of selling induced by structured 'snowball' products, especially from onshore China sources.

The United States is expressing concerns over Sri Lanka's controversial online regulation bill a day after it was passed in Parliament over protests by the media, opposition and rights activists

If Donald Trump wins the White House again, financial advisors predict it will lead to the renewal of tax cuts at the heart of his signature tax legislation during his first term.

Investing.com — The S&P 500 closed at record levels for the fifth-straight session Thursday as investors mulled mostly upbeat corporate earnings, while stronger-than-expected economic growth and slowing inflation bolstered expectations for a soft landing, pushing Treasury yields lower.

Investing.com — Oil prices settled at eight-week highs on Thursday as stronger U.S. economic data eased worries about slowing global growth, boosting the demand outlook just a day after China rolled out monetary policy stimulus to prop up its economy.

The nation’s economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households.

urban transformation will play a critical role in realizing its ambition of becoming a developed country by 2047, the 100th year of Independence. Indeed, building the necessary infrastructure will be key for creating livable, climate-resilient, and inclusive cities that drive the economy forward. Since nearly 70 % of the urban infrastructure needed by 2047 is yet to be built, sizeable investments will be required. By 2036, India will need to invest $840 billion in infrastructure — an average of $55 billion or 1.2 % of GDP per annum.