Economy Financial News

By Alun John

Paying for health care is increasingly straining US adults as escalating medical costs converge with rising prices throughout the economy.

New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors, according to Lombard Odier.

ecommerce licences in Indonesia after Southeast Asia's largest economy banned online shopping on social media platforms, people familiar with the discussions said. Indonesia's trade ministry banned ecommerce transactions on social media a month ago, saying it sought to protect small and midsize offline merchants and marketplaces, and to ensure users' data was protected.

Shares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold

© 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

There’s no shortage of risks to keep bankers up at night: Rising interest rates, wars, commercial real estate, a weakening Chinese economy. Yet financial regulators want banks to focus on—drum roll, please—climate change.

The European Central Bank is likely taking a break from interest rate increases

Adani Enterprises (down 3.2%), Tech Mahindra (down 2.8%), Mahindra & Mahindra (down 2.6%), Bajaj Finserv (down 2.5%), Hindalco Industries (down 2.1%), Bajaj Finance (down 1.9%), LTIMindtree (down 1.7%), and Eicher Motors (down 1.7%) were the top losers in the pack. On the flip side, Axis Bank and HCL Technologies are trading in the green with a marginal gain of 0.8% and 0.1%, respectively. Among sectoral indices, Nifty Realty was the biggest laggard in today's trade, dropping as much as 3.17%, followed by Nifty Media (down 2.6%), and Nifty PSU Bank (down 2.31%).

Crude oil deficit to high inflation: How can the Israel-Hamas war impact Indian economy? — Explained (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The market is expected to remain on a bumpy track in the near term even though the long-term outlook remains strong because of India's strong economic growth potential.

Economic crises are rippling through the countries bordering Israel

Russia's deadly attack on a beloved pizzeria in eastern Ukraine in June was painful for residents

The government is expected to report stellar growth for the U.S. economy during the July-September quarter, highlighting the durability of consumer and business spending despite the Federal Reserve’s efforts to cool the expansion with high interest rates

BSE Sensex today opened lower at 63,774 levels and went on to hit intraday low of 63,403 within few minutes of stock market's opening bell today. The 30-stock index has been under sell of heat for the last six days and it has fallen from 66,428 levels to 63,403 levels, losing over 3,000 points in this time. Nifty 50 today opened lower for sixth day in a row and hit intraday low of 18,920 levels, losing around 890 points in this time.

defence spending would boost the economy. “We can reap a genuine peace dividend this year and then year after year, in the form of permanently reduced defence budgets," he declared in 1992. The world took note.

Ravi Dharamshi, CIO, ValueQuest Investment Advisors, says “in the older portfolios, we are sitting on probably 10-15% kind of cash. In the newer portfolios, we are sitting on almost 60-70% kind of cash. So again, this just coincides with the market's overall kind of exuberance level. So we will probably end up deploying when the market corrects itself or if the outlook changes.” Traditional investors always shied away from investing in the IPO market, but you have not done that. You bought into recent IPOs and this is public information. In Zaggle, the bulk deal data did indicate that you bought into it. You have bought into Kaynes, another stock. How come now you are saying do not buy, invest in IPOs? I have learned from Rakesh Jhunjhunwala that there is one rule in the market and that is there are no exceptions in this market. You have to understand in an early IPO cycle, there are some companies that come to the market which provide you that opportunity. The IPO market had dried up for almost two years. This was the first lot of the companies that are coming to the market. Yes, we understand the acronym, it is probably overpriced. No doubt about it.

“My first investor, who is very close to me, indeed had faith in our fund. She invested Rs 55 L with us on the inception date of October 8, 2020. When I last checked her investment at the end of September, it had grown to approximately Rs 2.05 cr,” says Anirudh Garg, Partner & Fund Manager, INVasset LLP. In an interview with ETMarkets, Garg said: “Our fund house, INVasset, manages the INVasset Growth Fund, which operates on a unique algorithm known as the INVasset Aaid Shifter” Edited excerpts: Second straight month of consistent performance with gains of more than 9% compared to over 1% rise seen in the Nifty50. Please take us through the performance of your fund ‘Growth Pro Max Fund’ in September. As we delve into past returns, there are a couple of important disclaimers to keep in mind. Firstly, any discussion of past returns should not be construed as a guarantee of future performance.

Bill Ackman, who traditionally invests in stocks, earned roughly $200 million from a bet against U.S. 30-year Treasury bonds, a person familiar with the trade said on Wednesday. Ackman said on Monday on X, «we covered our bond short» some 12 weeks after he announced the bet on the messaging platform formerly known as Twitter. «The economy is slowing faster than recent data suggests,» Ackman said in the post, adding «There is too much risk in the world to remain short bonds at current long-term rates.» The Financial Times first reported news of the gain. Stocks including Chipotle Mexican Grill, Alphabet Inc, Restaurant Brands International, and Canadian Pacific Kansas City Limited make up the bulk of the Pershing Square portfolio, which is mainly set up to benefit from equities moving higher.

London | IFM Investors has shrugged off a Europe-wide squeeze on infrastructure projects, winning a Polish tender to build and run a passenger and cargo airport at the centre of a $12 billion regional transport hub.

(Corrects paragraphs 1 and 2 after the Nuevo Leon Economy Ministry said an Oct. 18 statement had incorrectly named Hesai Technology (O:HSAI) as the second company instead of Shenzhen. Removes references to Hesai Technology in paragraphs 6 and 7.)

NEW DELHI : The government has hired Boston Consulting Group (BCG) to help prepare the Vision 2047 document that will set India’s medium-term goals and priorities for becoming a developed economy in the next quarter of a century, two people aware of the development said. The vision document, expected to be unveiled by the Prime Minister Narendra Modi, will outline an economic strategy towards becoming a middle-income nation by leveraging India’s strengths in industry, services, agriculture, trade and human capital while improving the governance systems and access to public goods. Making economic progress inclusive will be a key element of the vision document.