Economy Financial News

25.10 / 00:46

Digital VISA Manufacturing economy country electronic travelers Goa going beyond beaches to become a 'workation' spot

Goa government is working on attracting more 'digital nomads' and technology investment to the state by bolstering its electronics and accommodation infrastructure. This quarter, co-working shacks called 'sea hubs' will be set up along the beach, the state's minister of tourism and IT, Rohan Khaunte, told ET. «They can go and surf in the water, they can go to the shack and have some good Goan food, and then go and work at a workstation,» he said. High-speed internet connectivity in rural areas is crucial for both 'digital nomads' and the success of Goa's homestay policy, which the state government plans to roll out next month to take tourism to the hinterland.

24.10 / 23:33

Digital ETF economy Bitcoin show information reports TradFi TradFi Continued Interest in Crypto Shows It Is No Longer a Fad: CFTC Commissioner

Cryptocurrency investing is rapidly breaking into mainstream financial consciousness, according to pro-crypto Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger.

24.10 / 21:05

Microsoft Google Platform economy show reports Google-parent Alphabet's cloud division misses revenue estimates

By Max A. Cherney and Akash Sriram

24.10 / 20:21

COST CEO JPMorgan economy President travelers Wall Street outlook sours for global economy

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment.

24.10 / 20:21

COST CEO JPMorgan economy President travelers Wall Street outlook on global economy sours

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the U.S., monetary policies and escalating Middle East tensions weighing on sentiment.

24.10 / 20:21

FIVE Microsoft NASDAQ economy Bitcoin Bonds rebound, equity traders await tech earnings

Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp. and Alphabet Inc.

24.10 / 19:31

ETF Microsoft SEC Manufacturing economy Bitcoin reports Global Markets Rebound Ahead of Key Reports, But Fundamentals Still Look Iffy

Sentiment was a little more cheerful during Tuesday’s session, following Monday’s recovery in stock and bond markets, and the return of the selling in precious metals and oil markets. European indices and US futures were trading higher as yields dipped further lower after the US 10-year could not hold above the key 5% level for long on Monday.

24.10 / 18:41

UPS economy UBS show cover Some big Wall Street investors call top in Treasury yields after 5% hit

By David Randall

24.10 / 18:29

COST UPS Digital economy TCS pandemic Mint Primer: Could FY24 turn out to be a bleak year for IT hiring?

Mint explains. The headcount in India’s IT sector this fiscal year is expected to grow only 2.4%, as per recruitment firm Xpheno. This is in sharp contrast to the years just after the pandemic when it saw the phenomenon of the ‘Great Resignation’—engineers resigning in huge numbers, sending firms into a hiring frenzy as demand shot up.

24.10 / 17:01

UPS Coca-Cola NASDAQ economy Verizon reports Wall Street rises as upbeat earnings, forecasts lift sentiment

By Shubham Batra and Shashwat Chauhan

24.10 / 16:59

UPS Mobile economy WhatsApp pandemic reports The fast growth in non-housing personal loans ought to worry us

Shaktikanta Das, governor of the Reserve Bank of India (RBI), recently raised concerns over the “very high growth" of “certain components of personal loans." Loans referred to as retail loans in common parlance are termed personal loans by RBI. They comprise housing loans, advances against fixed deposits, credit card outstandings, vehicle loans, education loans, loans against gold jewellery, other personal loans, etc. Outstanding personal loans were up 30.8% as of end-August in comparison with August 2022.

24.10 / 16:37

UPS Target economy President reports Support China signals more support for struggling local governments

BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties.

24.10 / 15:56

Manufacturing Apple economy country reports Apple Risks Getting Caught in Taiwan Tensions With iPhone Supplier Probes

For decades, Apple has navigated an escalating series of challenges in China, from fake stores and factory protests to tightening censorship and app rules. Now, the iPhone maker risks getting dragged into the most volatile issue in U.S.-China relations: the future of Taiwan. On Sunday, Taiwanese contract manufacturer Foxconn Technology—one of Apple’s largest suppliers—said it is cooperating with Chinese authorities after state media reported China had opened tax and land-use probes into the company.

24.10 / 15:56

ETF economy MSCI show performer track reports Chinese funds are struggling. Is there hidden value in them?

What went wrong? Chinese funds were seeing a sharp recovery between November 2022 and January 2023 as mentioned earlier. The recovery was triggered as China eventually started to ease covid-related restrictions in November. But, since then, the performance of Chinese funds has been weak.

24.10 / 15:55

UPS FIVE economy hospital SOLIDARITY safe Quest for safe future keeps Manipur students away from home during Durga Puja

They are among a group of about 13 students from Manipur who are studying at the North East Institute of Management Science (NEIMS) in Jorhat. «It's not safe back home. Moreover, we don't have much money to travel,» Sanathoi told PTI.

24.10 / 15:25

COST economy pandemic love CIBC show Posthaste: Bank of Canada expected to hold interest rates, but be prepared for surprises

Signs are growing that Canada’s economy is slowing under the weight of higher interest rates, but is it enough for the Bank of Canada?

24.10 / 14:57

UPS CEO JPMorgan economy Chase track Jamie Dimon rips central banks for being '100% dead wrong' on economic forecasts

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24.10 / 14:51

Provident Digital economy Enterprise country innovations reports Support Policy and data support can boost MSMEs’ role as drivers of future growth: ADB report

Policies for MSMEs: Providing policy and data support to micro, small and medium enterprises can boost their role as drivers of growth in the economy, according to Asia Small and Medium-sized Enterprise Monitor 2023, published today by the Asian Development Bank. Further, it states that the MSME sector played a vital role in the recovery of the economies of Asia and the Pacific region.

24.10 / 14:51

UPS Target CEO Mobile economy Experts Gold rate jumped during Navratri. Will it continue to rise after Dussehra? Here’s what experts say

Amid the ongoing Navratri festival in India, there has been a surge in Gold prices. At the time of writing today (October 23), 24-carat gold was selling at Rs 6145 per gram in Mumbai, up by around Rs 1350 per gram since October 17. The eruption of a fresh conflict in West Asia is being seen as the prime reason behind the recent surge in Gold prices.

24.10 / 13:13

COST Lowe's FIVE economy tax breaks Japan's Prime Minister Kishida plans an income tax cut for households and corporate tax breaks

Japan’s Prime Minister Fumio Kishida says he is preparing to take bold economic measures, including an income tax cut for households hit by inflation and tax breaks for companies to promote investment

24.10 / 13:13

Assurant economy Nov travelers evacuation Mayor says West Maui to reopen to tourism on Nov. 1 after fire

Maui County's mayor says all of West Maui except for burned-out sections of historic Lahaina will reopen to tourism on Nov. 1

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