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Taiwan with a plan to send tens of thousands of workers to the island as early as next month, according to senior officials familiar with the matter, potentially angering neighbor China. Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private. The two sides are expected to sign an employment mobility agreement by as early as December, the people said. Taiwan’s aging society means it needs more workers, while in India, the economy isn’t growing fast enough to create enough jobs for the millions of young people who enter the labor market every year.

Reserve Bank of India Governor Raghuram Rajan said. “We should be going at 8%-8.5% given the needs of the population and the need for jobs,” Rajan said via video link at an event in Beijing on Friday. Economic growth at 6%-6.5% is strong compared with other countries, “but relative to our need for jobs I think it’s still somewhat slow because we have a lot of young people who need to be employed.” While India’s expansion has outpaced that of other major economies, the country isn’t creating enough jobs for the millions of people joining the workforce every year.

Palestinian economy after a month of war and Israel’s near-total siege of Gaza. The gross domestic product shrank 4% in the West Bank and Gaza in the war’s first month, sending over 400,000 people into poverty — an economic impact unseen in the conflicts Syria and Ukraine, or any previous Israel-Hamas war, the U.N. said. Hamas militants, who rule Gaza, launched a surprise attack on Israel on Oct.

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes.

SHANGHAI (Reuters) — Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrive through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

Investing.com-- Most Asian stocks fell on Friday tracking hawkish signals on U.S. interest rates, while weak earnings from industry majors including  Softbank and SMIC weighed on broader technology stocks.

Federal Reserve will not hesitate to raise interest rates further, if necessary, to achieve its 2% inflation target, took some sheen out of the yellow metal on Friday as bullion traded in the red in the early trade. At 9:30 am, MCX December gold futures were trading at Rs 60,218 per 10 gram, down by Rs 64 or 0.11% from the Thursday closing price. Meanwhile, the December Silver futures were trading at Rs 71,120 per kg, lower by Rs 93 or 0.13%. On Comex, gold futures were trading at $1,951.30 per troy ounce on Friday, down by $6.50 or 0.33% while silver futures were trading at $22.545, lower by $0.183 or 0.810%. The dollar index was trading flat at 105.89 against a basket of top six currencies, down by 0.02 points or 0.02%. The December gold futures ended at Rs 60,327 on the MCX on Thursday, up by Rs 318 or 0.53% while the December Silver futures settled at Rs 71,390, higher by Rs 177 or 0.25%. «Spot gold was able to find support at the crucial level of $1945.

Raamdeo Agrawal, Chairman, Motilal Oswal Group, says “there is a long-term trend to allocate more for defence, and these defence companies are monopolistic, though they are public sector. So there is a little bit of challenge but there are well-run public sector, monopolistic, high return on capital companies and all and their dividend policy is better than private sector’s. You have an opportunity there. But you have to be a little bit more careful where the action is. So, you have to decide company-wise.” This year our theme for Diwali is Yeh Diwali Muskaan Wali. Looking back, do you have a smile on your face on how the year has been? Yes, we have forgotten Covid because there is so much smile.

Sunish Sharma, Managing Partner, Kedaara Capital, says: “I feel India is in a very good position. We feel very strongly about their position and that is why in the last one year, we have invested in six companies right from incremental investment in Lenskart, ASG, Oasis, Avanse, Oliva, Perfios and K-12. We have invested in a bunch of these companies. We believe this is a great time to start investing in India and be more aggressive in India.” On the global slowdown and PE & VCs vis-a-vis India Globally, there has been a slowdown and we are well aware of that. A little bit of that rub-off is happening in India. Having said that, today India is in a very strong position. This is driven by strong fundamentals where the underlying performance of the economy is good. You see a geopolitical position where India is in a very strong position and the youngest population and which is leading to a very strong consuming class. This is leading to India being in a strong position.

gold allocation has benefited investors. With returns on gold mutual funds as of October-end close to 20% y-o-y, many of us might have missed the gold rally. But don’t let that dampen the Diwali spirit. Prospects for gold are looking good in the long term, giving you more reason than just the festivities to invest in the precious metal. International gold prices bottomed out in October last year and started moving up slowly over the next six months as the Federal Reserve became less aggressive with its rate hikes. Prices moved up sharply in March 2023 as a regional banking crisis erupted in the US and drove risk assets down. Risk aversion and expectations of Fed cutting rates in response to the crisis were the drivers. But the crisis did not spread to other parts of the economy and gold cooled off in the subsequent months. Meanwhile, inflation remained more than double the Fed's 2% target and US economic indicators were showing resilience, meaning there was more requirement and more room to hike rates. Fed began indicating a hawkish stance again. US yields and US dollar moved up and gold moved lower till September.

An economic grouping that includes several ex-Soviet nations along with Afghanistan, Iran, Pakistan and Turkey has held a summit in Uzbekistan, and leaders of member countries have vowed to further expand trade and economic ties

“Despite robust macro and healthy earnings trajectory India cannot stay fully immune to global factors,” says Kedar Kadam, Director — Listed Investments, Waterfield Advisors. In an interview with ETMarkets, Kadam said: “In our view, one should stay put and use the market declines to add more in a staggered manner from a 3-4 years perspective” Edited excerpts: We have seen some correction from the highs in both Sensex and Nifty. What is fueling the fall – is it the combination of rise in US Yields and geopolitical concerns? I reiterate my earlier stance, despite robust macro and healthy earnings trajectory India cannot stay fully immune to global factors.

Asian stocks fell to their lowest in a week on Friday, while the dollar was firm as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell extinguished expectations of a peak in interest rates. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1% to a one-week low of 486.39, while Japan's Nikkei was 0.50% lower.

maintain strong accounting departments. In order to maintain a track of all aspects of business’ operations, the discipline of accounting underwent a sharp rise in necessity and demand in the fields of business and finance beginning from the mid-19th century.

The New Yorker wrote about the consultancy firm recently. “Escape from accountability is the most valuable service" the management consultancy provides, went on the article, referring to a former McKinsey employee’s description of it as “capital’s willing executioners".

companies listed on the National Stock Exchange surged to an all-time high of 7.62% in the September quarter, underscoring their growing appetite for equities in one of the fastest -growing economies in the region. Retail investors — classified as individuals with less than shareholding worth ₹2 lakh in a company — made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market The country's rich also mounted their bets on stocks here.

BEIJING/HONG KONG (Reuters) — When China's largest developer Country Garden first skipped debt payments in August, its shares tumbled 14%, marking a reversal of fortunes: from industry poster child to another troubled property company struggling to pay its creditors.

Climate protesters delay the start of Federal Reserve Chairman Jerome Powell's speech at the Economic Club of New York.

Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners.

The federal government will give an update on the country’s finances later this month, with Finance Minister Chrystia Freeland set to deliver the fall economic statement as Canadians face difficulties amid high interest rates and ongoing cost of living concerns.

By Howard Schneider and Ann Saphir