Economy Financial News

14.10 / 21:03

UPS Provident economy country voice shock IMF closes Morocco meetings without consensus on funding terms, conflict language

By David Lawder and Andrea Shalal

14.10 / 21:03

economy voice committee IMF steering committee calls for new funds, share plan by June 2025

MARRAKECH, Morocco (Reuters) — International Monetary Fund members on Saturday pledged to complete a review of quota funding by Dec. 15, voicing support for an increase that at least maintains the IMF's overall lending resources as bilateral borrowing arrangements expire.

14.10 / 17:45

UPS Provident economy track fun New Small Cap Fund from Quantum AMC: Know how it plans to make money, address liquidity challenge

Quantum AMC has announced the launch of a new fund offer (NFO) – Quantum Small Cap Fun, which is an open-ended equity scheme predominantly investing in Small Cap Stocks. The scheme will open for subscription on Monday, October 16 and close on Friday, October 27, 2023. It will be co-managed by Chirag Mehta – Chief Investment Officer and Abhilasha Satale.

14.10 / 16:31

Citi economy film show track concert travelers Taylor Swift's 'Eras Tour' set to make $4.1 billion earnings

Taylor Swift's record-breaking Eras Tour is on track to earn the artist an astonishing $4.1 billion, making it the highest-grossing solo tour in history. Swift's tour has not only filled her coffers but has also significantly boosted the US economy, with its expansive production leading to increased travel, ticket sales, and merchandise sales for her dedicated fanbase known as 'Swifties.' Swift's substantial income is expected to grow as the Eras Tour film premieres in theatres, having already generated over $80 million in advanced ticket sales.

14.10 / 13:27

UPS Reuters economy CAD country surges Indian crude basket to average $87/bbl, OMCs to bear the brunt as oil surges 6% on Israel-Hamas war

Also Read: Global oil market sensitive to Israel-Hamas war; Russia ready to boost supplies to Saudi Arabia: Novak Brent futures settled up $4.89, or 5.7 per cent, at $90.89 per barrel. US West Texas Intermediate (WTI) crude gained $4.78, or 5.8 per cent, to $87.69 a barrel. Both benchmarks posted their highest daily percentage gains since April.

14.10 / 13:27

economy NIFTY WhatsApp FPIs offload ₹9,784 crore in Indian equities, extend selling streak into October; Will they miss a potential rally?

₹9,784 crore worth of Indian equities and offloaded a total of ₹5,867 crore as of October 13, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL ) data. The ₹9,784 crore-figure also includes bulk deals and investment in primary market. According to NSDL data, FPIs sold equity for ₹13,652 crore through the stock exchanges till Friday.

14.10 / 12:59

UPS Target economy Remark President stage Will Powell join fellow fed members in endorsing a less hawkish stance?

By Yasin Ebrahim

14.10 / 12:17

Provident Cooper Action economy country Sitharaman pitches for strong, quota-based and adequately resourced IMF

Sitharaman on Saturday made a case for a strong, quota-based and adequately resourced IMF at the centre of the global financial safety net and climate action. The 16th General Review of Quotas (GRQ) is expected to provide greater say to developing economies in the International Monetary Fund (IMF).

14.10 / 08:49

MET economy reports Borrell says EU takes China seriously, expects same in return

By Laurie Chen

14.10 / 08:49

UPS Digital Cooper Progressive economy President Singapore hopes for substantial IPEF progress by APEC

WASHINGTON (Reuters) — Singapore's deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic Framework for Prosperity (IPEF) discussions in time for next month's Asia Pacific Economic Cooperation (APEC) summit.

14.10 / 06:29

UPS Provident economy NIFTY 9 things to consider before investing in bonds in high interest rate scenario

In a high-interest rate environment, investing in corporate bonds or non-convertible debentures (NCDs) or government bonds (also called G-sec or sovereign bonds) with good yield and credit rating can be a smart move.

14.10 / 05:09

Provident Cooper economy Align President country reports Israel-Hamas war: Petrol, diesel price concerns back, says Finance Minister Nirmala Sitharaman

Follow our LIVE coverage of the Israel-Hamas war here "With the recent crisis in the Middle-East, concerns on fuel are back again, the worries that many countries expressed. Concerns and uncertainties are about peace as a positive factor. Fuel concerns affecting food security aspects and impact on inflation, fragmentation of supply chains were the three major worries in the near future," she stated.

14.10 / 02:37

COST DOW economy MSCI show reports Global market update: Wall Street, European Stoxx 600 weighed down by inflation jitters

Global market update: Following a bruising session in Asian stock market, US stock market feel the heat of US inflation jitters. Dow Jones index added 0.12 per cent, S&P 500 indeex lost 0.50 per cent whereas tech heaby weight Nasdaq crashed 1.23 per cent on Friday. European Stoxx 600 index nosedived 0.98 per cent whereas MSCI's broadest index of global equities fell 0.3 per cent.

14.10 / 01:49

COST UPS economy Netflix reports Investors zero in on health of consumer with retail sales, earnings

By Lewis Krauskopf

14.10 / 00:25

UPS Progressive Manufacturing economy IKEA Harmonic country ‘Ikea entering next India growth phase’

NEW DELHI : Ingka Group, the owner and operator of Ikea stores, wants to invest in Indian startups and the country’s energy sector via its investment arm, said Juvencio Maeztu, deputy chief executive officer of Ingka Group. After investing ₹10,500 crore in India’s retail market over the past decade, the company is now entering its next phase of expansion in the country, said Maeztu, who is also its board member and chief financial officer . The group is also preparing investment plans to open more stores in India and step up local manufacturing.

13.10 / 21:42

UPS Lowe's FIVE economy show Canada is in for a cooler winter in real estate as sales slow: CREA

Home sales in Canada were down again in September as listings rose, the Canadian Real Estate Association (CREA) said Friday, also lowering its sales and price forecast.

13.10 / 19:09

UPS Manufacturing economy Pool Align country Global downturn may hurt India too: KPMG

NEW DELHI : India may not escape the impact of a global economic downturn particularly at a time elections are coming up, KPMG India chief executive officer (CEO) Yezdi Nagporewalla said. He also highlighted the opportunities thrown up by India’s large talent pool. “We are at a juncture where the global trends are not very positive.

13.10 / 19:03

Lowe's economy country electronic reports Sept goods exports dip 2.6%, growth seen in H2

exports fell 2.6% year on year to $34.5 billion in September even as the government revised upwards the export growth in August to 3.88% from a 6.8% contraction reported earlier. A sharper decline of 15% in imports narrowed the trade deficit to a five-month low of $19.4 billion in September from the revised $21.6 billion in August. Sequentially, the outbound shipments shrank 10% in September. «Green shoots are confirmed by the September data. The October weekly trend data is also positive.

13.10 / 18:31

UPS CEO JPMorgan economy Citigroup show Major US banks show profit boost, but some caution from consumers

NEW YORK (Reuters) -Major U.S. banks said on Friday higher interest rates boosted profits, sending shares sharply up, even though they said the economy was slowing and saw signs of some caution in consumer behavior.

13.10 / 18:31

COST UPS Action economy show Fed’s Higher-For-Longer Policy Makes Another Crisis Inevitable

As the soft landing narrative grows, the risk of a 'crisis event in the economy increases. Will the Fed trigger another crisis event? While unknown, the risk seems likely as the Fed’s “higher for longer” narrative is compromised by lagging economic data.

13.10 / 18:25

Provident Cooper Manufacturing Platform economy country blues Tech transfer, joint exercises will take defence ties to new levels

India visit. The African nation is seeking to qualitatively upgrade its defence ties with India, Hassan told Dipanjan Roy Chaudhury in an interview.

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