Economy Financial News
05.12 / 02:01
economy
country
Oil prices inch up from near 5-mth lows as Middle East risks persist
Investing.com-- Oil prices rose in Asian trade on Tuesday as focus remained on a potential escalation in the Israel-Hamas conflict, although disappointing OPEC+ cuts and strength in the dollar kept crude trading near five-month lows.
05.12 / 01:59
Target
FIVE
Waters
Extreme
economy
Remark
Department
Fed needs to cut rates at least five times next year, portfolio manager says
The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles.
05.12 / 01:37
Provident
economy
Remark
Experts
show
country
To beat red tape, FPIs keen to buy India debt tap supranational bonds
investors, whose enthusiasm for purchasing Indian sovereign debt is sapped by the procedures associated with the exercise, have found a novel instrument to tap into the credit market in the world's fastest-expanding major economy: Supranational bonds. Issuers of these instruments include entities such as the European Bank for Reconstruction and Development, International Finance Corp, and the Inter-American Development Bank. Investors include major global players such as Capital Group Cos, Bank of New York Mellon Corp, Mizuho Financial Group and Union Investment Luxembourg, among others, Bloomberg data showed.
05.12 / 00:09
Target
Reuters
Williams
Progressive
Fox
economy
reports
Underlying inflation pressures eased in October, NY Fed says
TJM Institutional Services Director James Iuorio analyzes Q3 earnings and the Fed's ability to control inflation and future rate decisions.
04.12 / 22:21
Reuters
CEO
Platform
Apple
economy
Bitcoin
reports
Stock Market Today: Dow ends lower on tech weakness as rising Treasury yields bite
Investing.com — The Dow ended lower Monday, though cut some losses into close despite weakness in tech amid rising Treasury yields ahead of the monthly jobs report later this week.
04.12 / 22:21
04.12 / 20:13
economy
Remark
ICE
Experts
Bitcoin
show
performer
Wall Street's Bull Market Hits a Bump: Interest Rate Fears and Market Realit
Quiver Quantitative — The euphoria on Wall Street encountered a reality check this week, with stocks and bonds retreating and raising questions about the sustainability of the recent market rally. The focus now shifts to upcoming key jobs data, which is anticipated to significantly influence the Federal Reserve's policy decisions. This turn of events follows a remarkable period of gains, with the S&P 500 and Nasdaq 100 experiencing robust growth last month. However, experts like Morgan Stanley’s (MS) Michael Wilson and JPMorgan’s (JPM) Mislav Matejka suggest that this rally might be treading on thin ice, with potential volatility looming on the horizon.
04.12 / 19:29
FIVE
Manufacturing
CEO
Strategy
economy
Celebrity
show
Bulls celebrate saffron sweep in state assembly elections
₹5.8 trillion overnight as Indian benchmark indices rose the most in 14 months on Monday, following the Bharatiya Janata Party’s (BJP) thumping victory in three heartland states. According to market veterans, the rally underscores investor belief in the ‘Modi premium’ that could see the government win comfortably at next year’s Lok Sabha election. However, in the first sign of caution in a blistering rally, retail and wealthy investors initiated cumulative short positions of 11,738 contracts on Nifty and Bank Nifty futures on Monday, after being net buyers for over two months.
04.12 / 19:25
04.12 / 19:09
Provident
Fox
economy
track
reports
Department
Economist predicts 'deflation is coming,' which will cause the Fed to 'scramble'
TrendMacro CIO Donald Luskin shares his economic outlook on ‘Mornings with Maria.’
04.12 / 18:03
Target
FIVE
Strategy
economy
Deloitte
country
Cotton pilot scheme a hit, govt to extend it by a year
Arvind Fashion. “Currently, the prices are remaining benign. So, we are not expecting any major rise in the next [few] quarters." On the production front, though, India has witnessed a sharp decline in recent years.
04.12 / 18:02
Citi
Digital
CEO
Platform
economy
country
reports
Paytm eyes to bring 10 million merchants on ONDC platform in next two years: Vijay Shekhar Sharma
Vijay Shekhar Sharma, CEO and founder of Paytm parent One97 Communications, Monday said the company is considering bringing 10 million merchants by 2025 on the government-backed Open Network for Digital Commerce platform, adding that the firm has seen close to 11.8 million customers routed to its product from the platform, news agency PTI reported. "Paytm's ecosystem is built around small merchants and the mission that we are on is to help small merchants and small businesses become part of the mainstream economy. We did it by payments.
04.12 / 18:02
Citi
Manufacturing
CEO
economy
Metro
country
Department
‘India markets similar to those in France’
NEW DELHI : Albeit small, India has long been seen as a promising market for luxury goods. But the market has been a challenge to navigate for many companies looking to enter.
04.12 / 18:01
Fighting
Strategy
economy
show
shock
end
Poll rout: Is this the end of Congress’ welfare politics?
CHENNAI : While the result of the state assembly elections in Madhya Pradesh, Rajasthan and Chhattisgarh has surprised many, it will calm the markets. Fears of fiscal profligacy or a rickety coalition government at the Centre in 2024 have eased. Mint explains: Not many expected the Bharatiya Janata Party (BJP) to do well in Madhya Pradesh and Chhattisgarh and pre-poll surveys showed a close fight in Rajasthan.
04.12 / 17:19
Strategy
economy
Experts
show
Gold retreats from record peak as dollar bounces back
Gold fell more than 2% after hitting an all-time high on Monday as the dollar rebounded, but expectations of a cut in US interest rates in 2024 stemmed zero-yield bullion's retreat. Spot gold slipped 2.3% to $2,022.99 per ounce by 10:52 a.m. ET (1552 GMT). U.S.
04.12 / 17:09
04.12 / 16:27
Target
Williams
Fighting
economy
President
track
Department
Is the Federal Reserve done raising interest rates?
TJM Institutional Services director James Iuorio analyzes Q3 earnings and the Fed's ability to control inflation and future rate decisions.
04.12 / 15:45
Provident
Target
Manufacturing
economy
shootings
show
track
RBI’s December policy review: Status quo to continue
Bank of India is likely to hold the key interest rates in its December monetary policy review and continue with its emphasis on containing inflation, which has shown encouraging trends the past two months. Macroeconomic indicators remain healthy, with GDP growing at 7.6% in Q2, exceeding expectations. With economic growth continuing to be strong, the central bank will focus mainly on inflation, liquidity, and currency management.
04.12 / 15:45
Progressive
economy
Remark
country
information
reports
week
Narayana Murthy's 70-hour work week advice reaches Parliament, Govt tells MPs…
Lok Sabha MPs asked the Narendra Modi government whether it is evaluating the suggestion posed by the Infosys co-founder. Narayana Murthy's 70-hpour work week had triggered debates and met with brick-bats and flowers, wherein several business owners agreed with the need for increased productivity and some debated with adequate compensation.
04.12 / 15:01
economy
show
voice
Tough month for stocks? Morgan Stanley bear says so
US stocks are headed for a rocky end to the year after rallying in November as bond yields fluctuate, according to Morgan Stanley’s Michael Wilson.
04.12 / 14:56
CEO
Action
economy
President
voice
Department
MHADA reduces interest on delayed payments of development charges to 12%
MHADA from the existing 18% to 12% annually. The decision comes into effect following the directions issued by Maharashtra's Deputy Chief Minister Devendra Fadnavis. The minister had recently, at a NAREDCO conference, voiced concern over the level of interest charged by the state government's housing body from realty developers and had stated the need to lower the same to bring it at par with that of the Municipal Corporation of Greater Mumbai (MCGM). As per the instructions issued by Fadnavis and directives given by Minister of Housing Development Atul Save, MHADA's Vice President & CEO Sanjeev Jaiswal had asked the officers concerned to review and take necessary action in this matter.
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