Economy Financial News

By Jonathan Cable

JSW Steel and Jindal Steel and Power gained up to 4% while Steel Authority of India Ltd saw its share price rise almost 6% on news flow around China Central Bank to cut reserve ratio requirement and boost economic growth. The People's Bank of China (PBOC) has decided to cut the reserve requirement ratio (RRR) for all banks by 50 basis points (bps) in February to boost the economic growth.

Banks should be setting aside recent bumper profits to provision for clients defaulting on loans as the impact of higher interest rates feeds into the economy, according to the president of the country's regulator.

The final compromise strengthened the main goal to “well below 2°C" and advocated “pursuing efforts" towards 1.5°C. To sweeten things for the 1.5°C brigade, the agreement also asked the Intergovernmental Panel on Climate Change to go and work out how much better the lower target would be. The IPCC reported back three years later: it would be a great deal better—but also much harder.

By Joe Cash

By Summer Zhen

Investing.com — European stock markets rose Wednesday, as investors digested a deluge of corporate earnings ahead of the release of the latest regional business activity data.

Investing.com — The U.S. dollar retreated from six-week highs in early European trade Wednesday amid rising risk appetite, while the euro struggled to push higher ahead of this week’s European Central Bank policy meeting.

Interim Budget have been robust, but in view of the current global headwinds the govt would need to continue its thrust on public capex, Ficci said in a note on January 24. There is a need for an «Indian Taxonomy» comparable and interoperable with global taxonomies, frameworks and principles, it said, adding that evaluating exposure to sustainable versus non-sustainable activities is difficult for banks and other financial institutions without a taxonomy. China plus one: Given the current global business dynamics and most advanced economies looking at China plus one strategy, India has a big manufacturing opportunity knocking at its doors. India must keep making efforts to become a global manufacturing hub by incentivising and attracting large investments from global manufacturing companies, Ficci said in its budget recommendations. PLI scheme: While the Production Linked Incentive (PLI) schemes have worked well, the government could look at extending the concessional tax regime for manufacturing operations for at least five years, Ficci recommended. Given that many global investors are lookingn to put money to work in India, extending these concessions will boost investor confidence further, it said.

Budget 2024 expectations: Nirmal Bang highlights 6 major themes that could dominate the Interim Budget 2024 Mint gathered insights from five experts on the trading strategy for Budget Day. Here's their advice: Traders would be aware of the trend in the markets around Budget time. The near-term move before the Budget will also influence the trader's strategy.

Hedge fund billionaire Bill Ackman and his wife Neri Oxman are buying a nearly 5% stake in the Tel Aviv Stock Exchange, the exchange reported in a press release Wednesday.

By Colleen Howe and Muyu Xu

(Corrects «next year» to «this year» in paragraph 2)

Prime Minister Narendra Modi's government spending in recent years has gone into building infrastructure. Private investment and job creation have lagged, suggesting New Delhi will continue to play an outsized role in India's economic growth. The Jan.

OLeary Ventures chairman Kevin OLeary joins ‘The Big Money Show’ to discuss the ongoing push for electric vehicles and California’s decision to raise the minimum wage.

In a commanding display of support, former President Donald Trump clinched victory in the Republican presidential contest in New Hampshire on Tuesday, solidifying his position as the frontrunner for the party’s nomination. With 57% of the expected vote tallied, Trump held a comfortable lead of 54.4% to 43.6%, leaving his only remaining rival, former UN Ambassador Nikki Haley, facing an uphill battle. The back-to-back wins put Trump on track to deliver a knockout blow to Haley next month in her home state of South Carolina and turn his attention to an all-but-certain rematch with President Joe Biden.

Federal Reserve would be in no rush to cut interest rates in the face of a resilient U.S. economy.

₹4,949 crore, whereas the small and mid-cap categories combined received a total inflow of ₹51,442 crore ( ₹17,339 crore for mid-cap and ₹34,301 crore for small cap). In the hybrid category, the aggressive hybrid category saw an outflow of ₹1,337 crore, while the dynamic (balanced advantage) and multi-asset allocation categories received ₹6,446 crore and ₹19,249 crore, respectively. These flows are reflecting positive sentiments for riskier category and negative to neutral sentiments for conservative categories.

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.

By Marc Frank

As the stock market hit all-time highs this past week, there remains an interesting disconnect from the more dour economic concerns of the average American. A recent survey by Axios, a left-leaning website that supports the current Administration, addressed this issue: