Economy Financial News

Emerging-market borrowers are piling back into global bond markets, selling about $20 billion in dollar notes in just a few days, all too aware that the window of opportunity may snap shut as suddenly as it opened. 

Morgan Stanley economists forecast the Federal Reserve to make deep interest-rate cuts over the next two years as inflation cools, while Goldman Sachs Group Inc. analysts expect fewer reductions and a later start.

By Kylie Madry

By Uditha Jayasinghe

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Gresham’s law has historically influenced the circulation of currency and continues to impact economic behavior by addressing how individuals prioritize different forms of money.

Also Read: Diwali 2023: New growth cycle on horizon for small, midcaps, says Amar Ambani of Yes Securities, lists out 5 stock picks In the commodity segment, trading at the Multi Commodity Exchange (MCX) will remain closed in the first half on Tuesday, resuming in the second half at around 5 p.m. (evening session). Tomorrow marks the first holiday for markets in November and there going to be one more on 27 of this month on account of Gurunanak Jayanti.

BEIJING (Reuters) — New bank lending in China fell less than expected in October from the previous month, even after policymakers ramped up measures including cutting banks' reserve requirement ratios to get the shaky economy back on more solid footing.

Also Read: China's spending on green energy is causing a global glut The Wall Street brokerage expects India's real economic growth to be 6.5% in 2023 and 6.3% in 2024 - the highest among large economies in the region, but slightly below the Indian central bank's target of 6.5% for fiscal 2024. The benchmark Nifty 50 jumped about 31% between March 2021 and October 2023, a period during which domestic investors remained net buyers each month, helping tide over sustained sales by foreign investors.

Investing.com — The U.S. dollar edged lower in early European trade Monday, with traders wary ahead of the release of key U.S. inflation data that could offer further clues on future Federal Reserve policies. 

Investing.com — European stock markets edged higher Monday, helped by the positive close on Wall Street last week but investors continue to fret about the global growth outlook amid restrictive monetary policies.

By Ankika Biswas

By Dhara Ranasinghe

Rising interest rates are damaging investment sentiment, curtailing the number of infrastructure assets auctions, leading to some investors to say that they are “taking a breather” from dealmaking.

AustralianSuper, already Origin Energy’s largest shareholder, has upped its stake in the electricity and gas giant ahead of a crucial shareholder vote.

Mihir Vora, CIO, Trust Mutual Fund, says “there have been times where I have been ruthless in selling when the markets turned. Probably I did not catch the top. But even 10% below or 15% below, I do not mind selling. Once I believe that the trend has turned. So, that discipline I always had because I always believe there is no point looking back. So, just because a stock was 15-20% higher 5 days ago, does not mean you cannot sell it now.” Other than the new role and a new leadership position that you have taken up, what else is new? It is a new beginning for me. I am starting a new venture or job whatever you call it and it is very exciting looking forward to the next many years in this. Second, we do not realise but from the stock market point of view, we are in the middle of a dream run.

Bloomberg reported that Mobius plans to step back from the namesake investment firm he co-founded five years ago. "London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statement from the trust on Friday. The fund had $250 million in assets under management as of February," according to the Bloomberg report.

President Biden turns 81 on Nov. 20, and polls show that Democrats are increasingly worried about his mental and physical decline. But the incumbent has another age problem: Donald Trump is running on par with him among young voters.

recession, but getting inflation back to normal levels may take several years, according to the International Monetary Fund. The growth outlook in Asia looks sour as China struggles to lure foreign investment, Hong Kong growth lags behind and Indonesian exports deteriorate. In the US, inflation expectations continued to climb as consumers anticipated higher gas prices. Separate data from the Census Bureau show how inflation is still inflicting significant financial stress for many Americans. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: Europe Europe’s economy is unlikely to crash — even as a more-than yearlong bout of interest-rate increases tames inflation, according to the IMF.

auto sector has witnessed a series of technological advancements and shifts in customer preferences over the years. From the dominance of geared scooters to the rise of automatic scooters, the industry has been evolving. Now, with the emergence of electric vehicles (EVs), there's a notable shift toward sustainable and eco-friendly transportation.

By Libby George and Bansari Mayur Kamdar