Economy Financial News

02.12 / 04:19

FIVE Reuters economy Remark Nov Patrick President Fed hawks, doves, and centrists: How US central bankers' views are changing

Fed policymakers note improvement on inflation and some cooling in the labor market, the risks are seen as more balanced and the choices more nuanced. All 12 regional Fed presidents discuss and debate monetary policy at Federal Open Market Committee (FOMC) meetings that are held eight times a year, but only five cast votes at any given meeting, including the New York Fed president and four others who vote for one year at a time on a rotating schedule.

02.12 / 04:19

Reuters economy Death performer reports testing week 5 world market themes for the week ahead

For sure, key U.S. jobs data will test the exuberance, while Australia's central bank could reinforce a view that rates have peaked. Here's your week ahead in financial markets from Ira Iosebashvili in New York, Kevin Buckland in Tokyo, Naomi Rovnick and Marc Jones in London and Yoruk Bahceli in Amsterdam. SANTA'S BEEN Christmas has come early with global stocks posting their best monthly performance in three years in November and global investment-grade bonds returning almost 4% — the best month on record going back to 1997. Now, the early Santa rally risks running into a central bank Grinch. Markets price rate cuts as early as the first half of 2024.

02.12 / 03:37

Progressive economy Experts Bulls set new records on one-way Dalal Street

equity gauges Friday towered above shrinking benchmarks in export-focused Asian economies to leap to a record, with higher-than-expected economic growth, softer energy prices and subdued US bond yields drawing both overseas and local funds to domestic risk assets. Traders have factored in victories for the BJP in the latest round of state polls and their results, to be announced Sunday, may have a bearing on the short-term directional trend for stocks, although most analysts believe the indices will climb through December. The Nifty gained 134.75 points, or 0.67%, to close at 20,267.90, after an intraday high of 20,291.55. The Sensex climbed 492.75 points, or 0.74%, to close at 67481.19.

02.12 / 02:25

Extreme JPMorgan economy WhatsApp show US markets surge in November on soft landing hopes; Fed's shifting narratives raise caution

Also Read: US stock market ends higher as Powell raises peak rate hopes; S&P logs highest close of year Could this time be different? Perhaps. While Fed Chair Jerome Powell pushed back Friday on the prospects for interest-rate cuts, the central bank’s historic tightening campaign is seen as game over across markets. At the same time, the risk-on exuberance is working against Powell’s goal of tightening financial conditions, a back-and-forth dynamic that has contributed to the demise of past rallies.

02.12 / 02:13

Aviat Manufacturing economy Interface show performer A strong third quarter on the cards for the Indian economy

economy is set for a strong third quarter after a stellar show in the July-September period, showed a series of high-frequency indicators released on Friday. Manufacturing picked up pace in November, goods and services tax (GST) collections posted another month of robust growth, while auto companies dispatched record-high vehicles to dealers for November. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) showed manufacturing activity regaining momentum in November, rising to 56 from the eight-month low of 55.5 in the previous month.

02.12 / 02:13

IPO Provident Digital CEO economy Drone scheme for women SHGs in agriculture will boost industry, executives say

drone scheme for women’s self-help groups (SHGs) will boost opportunities and growth for the drone industry and create a win-win situation for both industry and agriculture, senior executives said. “I think this is the biggest news that the drone industry has ever received, because such amounts of funds have never been allocated (in relation to the drone industry),” Agnishwar Jayaprakash, founder and CEO of drone-maker Garuda Aerospace, told ET.

01.12 / 21:58

FIVE Reuters economy performer reports testing Take Five: That most wonderful time of the year

LONDON (Reuters) — Festive cheer has come early to world markets (bar those dollar bulls) on growing certainty that central banks will start slashing interest rates next year.

01.12 / 21:58

Apple economy Citigroup NVIDIA Nov show performer 500 Resurgent S&P 500 crests new 2023 closing high after roller-coaster year

By Lewis Krauskopf

01.12 / 21:13

Platform Action Fighting economy Nov Bill country Costs Posthaste: 70% of Canadians don't understand what the carbon tax costs them

The federal government appears to have a perception problem: Most Canadians don’t understand what the carbon tax is costing them while others believe they are paying more than they receive in rebates, a new poll suggests.

01.12 / 19:13

IPO Fighting economy show Nifty hits a new record, F&O rollovers signal momentum

₹7,378 crore attracted bids worth a whopping ₹2.6 trillion. The Indian economy expanded 7.6% in the second quarter, Thursday’s data showed, beating expectations by a wide margin.

01.12 / 19:11

FIVE economy Nov pandemic CIBC performer reports safe Are Canada's big banks just playing it safe or is there more trouble ahead?

Are Canada’s big banks just taking their usual conservative approach or are there signs of more trouble ahead in the sector?

01.12 / 17:59

Reuters Manufacturing economy show electronic reports US manufacturing mired in weakness; factory employment declines

By Lucia Mutikani

01.12 / 17:59

Manufacturing economy show Low Canadian factory downturn deepens as new orders hit 15-month low

By Fergal Smith

01.12 / 17:59

Provident Action economy Experts show track No-Recession Predictions Begin to Look More Plausible, but Risks Remain Too High

I previously discussed a slate of recessionary indicators with high correlations to recessionary onsets. However, as we head into 2024, many Wall Street economists predict a “soft landing” or “no recession” outcome for the economy.

01.12 / 17:59

Manufacturing economy show UK factory downturn shows more signs of easing- PMI

LONDON (Reuters) — Britain's manufacturing sector showed further signs that it might be turning a corner in its long-running downturn but companies remained cautious and pushed up their prices, according to a survey published on Friday.

01.12 / 17:45

Target Manufacturing economy show performer track travelers Bright lights of a global bright spot

economy grew by 7.6% year-on-year in real terms in the July-September quarter of FY2024, surpassing projections by all domestic and international agencies. This follows the 7.8% expansion registered in the first quarter. The fact that this has been achieved amid a weak and uncertain global backdrop shows the resilience of the economy. Importantly, this growth performance was driven by construction and industry.

01.12 / 17:03

Fighting economy Remark President track Department Jerome Powell says Fed 'won't hesitate' to raise interest rates again if warranted

Federal Reserve Chair Jerome Powell participates in a fireside chat with Spelman College President.

01.12 / 16:52

Target economy Remark pandemic show audience Department Fed Chair Powell calls talk of cutting rates 'premature' and says more hikes could happen

Federal Reserve Chairman Jerome Powell on Friday pushed back on market expectations for aggressive interest rate cuts ahead, calling it too early to declare victory over inflation.

01.12 / 16:21

FIVE Manufacturing economy performer shock FIIs make a stellar comeback! Turn net buyers in last 6 sessions with net inflow of ₹13,474 crore; DIIs left behind

₹10,522.36 crore of Indian equities, while they sold ₹8,932.75 crore --- resulting in an inflow of ₹1,589.61 crore on Friday. Meanwhile, DIIs invested ₹11,173.05 crore and offloaded ₹9,724.97 crore, registering an inflow of ₹1,448.08 crore. ‘’Indian equities gained for the fifth consecutive week driven by strong economic data, healthy corporate earnings and cheerful festive season.

01.12 / 15:33

Target Progressive Action economy President country reports UN chief, COP28 president clash over future of fossil fuels

Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future without fossil fuels, saying there was no other way to curb global warming. Speaking a day after COP28 president Sultan Ahmed al-Jaber proposed embracing the continued use of fossil fuels, Guterres said: «We cannot save a burning planet with a fire hose of fossil fuels.» «The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. Not reduce.

01.12 / 15:17

Provident Digital Manufacturing economy Pool electronic Karnataka launches advanced certification program in VLSI design and verification

Karnataka IT minister Priyank Kharge launched the state’s first K-VLSI (very large-scale integration) program to boost skilled talent for the Electronics System Design and Manufacturing (ESDM) sector at the Bengaluru Tech Summit. The initiative, launched in collaboration with Karnataka Digital Economy Mission (KDEM) and India Electronics and Semiconductor Association (IESA), Semiconductor Fabless Accelerator Lab (SFAL), will offer an advanced certification program in VLSI design and verification.

what you should know about economy

What is economy and why is it relevant?

Economy is a high-demand area that draws public attention. On our site, we regularly publish news related to this subject.

Where can I find the latest updates on economy?

All recent news about economy can be found in the dedicated section. We publish information in a timely manner.

How can I verify the accuracy of information on economy?

We use verified data to ensure that the information about economy is well-supported and informative for our readers.