Economy Financial News

By Selena Li and Summer Zhen

By Tetsushi Kajimoto

Pramod Gubbi, Co-Founder, Marcellus Investment Managers, says “like always the credit cycles will peak out either because there is an event in the economy or lenders have gone overboard in terms of lending but at this stage, It looks like a Goldilocks situation where demand is pretty strong, asset quality concerns are not that grave. Therefore, we should continue to see this sort of growth in retail credit.” I would like to talk to you about the small ticket loan space. After Q2 updates, Poonawalla Finance was 150% higher YOY. Today, U GRO came out. Five Star Business also recently hiked their guidance. One is getting a sense that after GST, Jan dhan, Aadhaar and mobile phones, small ticket loans for enterprises, SMEs or even individuals, are getting deeper into the country. It is like a satirisation of what happened in the consumer space a few years back with Rs 2 shampoo sachets, Rs 5 biscuit packets. Or do you see this as a risk also because in this business, collection is a bigger issue and not giving loans? A lot of people are scratching their heads around this.

A prolonged war between Israel & Hamas is like... moreA prolonged war between Israel & Hamas is likely to impact the global economy adversely.

dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data. The dollar index, which measures the U.S.

Gold held firm near two-week highs on Thursday, as the U.S. dollar and Treasury yields stumbled on the Federal Reserve's cautious approach on interest rates and ahead of a key inflation report that could offer more clarity on future policy path. FUNDAMENTALS * Spot gold was up 0.1% at $1,874.49 per ounce by 0110 GMT, hovering near Wednesday's highest level since Sept. 29.

TOKYO (Reuters) — Japan core machinery orders fell for a second straight month in August, suggesting worries about a global economic slowdown and China's wobbly recovery may be hurting companies' appetite to make fresh investments.

By Valentine Hilaire

By Tim Kelly

With Israeli airstrikes marking thefifth day of escalating conflict between Israel and Hamas on Wednesday, experts are warning of rising oil prices and inflationary pressure as a potential consequence of the ongoing hostilities.

Argentina’s firebrand populist presidential candidate Javier Milei is coming under fire from his rivals who are blaming him for a sharp depreciation of the local currency in the parallel market

U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates

New Zealand’s immigration numbers have hit an all-time high

Germany's government says it expects the country’s economy to shrink by 0.4% this year

Federal Reserve officials regarded the U.S. economy’s outlook as particularly uncertain last month, according to minutes released Wednesday, and said they would “proceed carefully” in deciding whether to further raise their benchmark interest rate

From auto production lines to Hollywood, the power of labor unions is back in the national spotlight

Belgium’s prime minister says his country, which has the biggest interest in the global diamond trade in the European Union, is supporting a ban on Russian diamonds as part of sanctions targeting President Vladimir Putin’s government for its war agains...

Most U.S. stocks ticked higher amid mixed yields in the bond market, which has been the main driver of Wall Street’s moves recently

The Honda Pilot has become a byword for the affordable midsize SUV

Investing.com — Stocks were heading higher in the last 30 minutes of trading on Wednesday after the release of the minutes from the Federal Reserve's meeting in September.

By Howard Schneider