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BBC, the visa scheme was severely criticised in the country for increasing corruption and allowing wealthy foreign nationals to park illegal funds in Australia. Moreover, the dominance of Chinese investors was visible on the list of successful applicants as the Australian government data revealed that 85% of the SIVs were granted to people from China.

NatWest Markets U.S. head Michelle Girard breaks down the December jobs reports and discusses the impact of the Fed's next rate decision on 'Making Money.'

The benefits of monetary easing by the People’s Bank of China have already been priced in and “punchier” policies are needed to revive the country’s equities, according to the global wealth management arm of UBS Group AG.

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Gold finished lower last week, and remains in the red for the month of January and therefore the year as well. The metal had risen in the last three months of 2023, boosted by speculation that the Fed is going to start cutting interest rates sooner than it had projected in its previous dot plots.

BEIJING (Reuters) — China will take more forceful and effective measures to support market confidence, state media CCTV reported on Monday, citing a cabinet meeting, following a plunge in Chinese shares.

Air India on Monday commenced the commercial operations of its first wide-body A350 aircraft with a flight taking off for Chennai from the Mumbai airport. The 316-seater A350-900 aircraft has a three-class cabin configuration with 28 private business suites with full-flat beds, 24 premium economy and 264 economy seats.

By Karthik B V

By Susheel Tejuja

Budget 2024: Besides being the annual financial statement of the government and a projection of its revenue and expenditure in the coming year, the budget is also an eloquent device that speaks of a government's priorities in general. In its banner announcements as well as fine prints, a budget will tell you a lot about what the government wants.

tax incentives, production linked incentive schemes, and the mandatory provision of charging infrastructure, a top government official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that the development and adoption of Electric Vehicles (EVs) play a pivotal role in India's transition to a low-carbon economy.

NAM Presidency Azerbaijan, has hailed India's role in creating and sustaining NAM and has lauded India's priorities for the Global South and G20.

Nitin Raheja, ED,Julius Baer Wealth Advisors, says “some of the defence stocks are getting valued based on order books. We forget that these kinds of businesses tend to be lumpy and from quarter to quarter, there could be big variances. Some of these valuations do not leave too much margin for error. In Railways stocks, again, we are seeing something similar taking place in terms of valuations. We will probably see some amount of lull in the next three, six months as we get into elections.” What is your take on the entire FMCG basket because for the bulk of last year, there was underperformance from this sector though in the last couple of months, there was a bit of an uptick. Is the worst over? Has the rural demand scheme bottomed out? Nitin Raheja: Anecdotally, two-wheeler companies are talking about at least initial signs of revival. So, while we do not have full-fledged data to support the fact that there is a revival, clearly there are early signs of a revival in the rural economy. If that were to subsist and also as we generally get into the election zone, some amount of spending will be taking place in the rural economies, more to do with infrastructure.

Donald Trump's surprise victory in the 2016 presidential election delivered a shock to financial markets. If he manages to secure a second one, traders will — if anything — be far more prepared.

stocks, with investors expecting the yuan and government bonds to underperform in a year when the Federal Reserve's dovish pivot is set to buoy emerging markets. Bearish sentiment toward China has intensified as the latest data confirmed the world's second largest economy remains in the doldrums. While the gloom adds impetus for the People's Bank of China to lower interest rates, investors say the monetary authority has less room to cut than its major global peers, whose borrowing costs are now at multi-year highs.

Vincent Mortier, Group CIO of France's Amundi, Europe's largest asset manager, said the US Federal Reserve may not cut rates in March as the market is expecting. In an interview with Nishanth Vasudevan, Mortier, who oversees global assets under management worth over $2 trillion, spoke on a range of topics. Edited excerpts: The market is expecting the US Fed to cut rates as early as March. What are your thoughts?

India boasts of vast production capacity in one industry. The country is the world’s third largest exporter of its industrial products, which are essential for any economy to function. This is a distinction that no other sector in India can claim.

₹330 trillion. In FY24, nominal GDP size was ₹296.6 trillion, as per the first advance estimate released in December. An email sent to a finance ministry spokesperson on Friday seeking comment was unanswered till press time.

By Jamie McGeever

Investing.com — Earnings season ramps up, big central banks kick off their first meetings of 2024 and PMI data is set to show how the global economy is faring at the start of the year. Here's what you need to know to start your week.