Economy Financial News

27.02 / 00:49
markets COST Strategy economy Highways country hospital American hospitality giant Wyndham sees big opportunity in India’s new hoteliers
Subscribe to enjoy similar stories. American hospitality chain Wyndham Hotels & Resorts is betting on India’s next generation of hotel developers to drive its future growth. As younger, first-time owners enter the industry with a preference for greater control, the world’s largest hotel franchisor sees a chance to expand without the traditional costs of managing or owning properties.
27.02 / 00:43
markets economy Opinion President RAI innovations EU's AI policy pivot due to overall sense of overregulation: Michael McNamara
European Commission to simplify the EU AI Act, said Michael McNamara, co-chair of European Parliament's AI Working Group.
26.02 / 16:31
markets FIVE economy Sustainability Trade performer Quebec pension giant hit by commercial real estate headwinds, braces for tariff turmoil
The Caisse de dépôt et placement du Québec posted a weighted average return of 9.4 per cent last year, which was below its benchmark portfolio’s 11.8 per cent return, with net assets rising to $473 billion.
26.02 / 09:13
markets UPS security Analysis economy Trade show Most Asian markets rebound as Hong Kong tech rally resumes
stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China. The rally led gains across most of Asia's markets, with investors shifting back to buy mode following a poor start to the week sparked by fresh US tariff concerns.
26.02 / 01:13
UPS IPO Booking economy reports Axis Bank plans to sell NBFC business for up to $1 billion
Subscribe to enjoy similar stories. In a bid to be in line with proposed Reserve Bank of India (RBI) norms regarding business overlaps and holding limits of banks in their subsidiaries, Axis Bank Ltd has begun exploring a possible sale of Axis Finance Ltd, two persons familiar with the development said on the condition of anonymity. Further, the two people added that a planned public listing of Axis Finance has been set aside in favour of a private selloff because of potential higher valuations.
25.02 / 18:58
markets UPS economy Tesla Trade reports Why is U.S. consumer confidence plunging to its lowest since 2021? Inflation fears, tariffs, and economic uncertainty raise concerns
economic uncertainty. The report suggests that consumers are becoming more cautious about spending as they anticipate higher prices and financial strain in the coming months.
25.02 / 16:11
markets COST economy Trade President War performer Posthaste: Four things that would be 'kryptonite' to Donald Trump's tariff threats
Donald Trump doubled down on threats to impose punishing tariffs on Canada and Mexico Monday, saying the 25-per-cent levies were “on schedule” to go ahead March 4.
25.02 / 13:31
markets UPS economy War country International Russia’s withering economy is a tricky place to do deals—even for Trump
Subscribe to enjoy similar stories. President Trump has said he wants to see major economic deals with Moscow and is in advanced talks to put some together. But how viable a partner is Vladimir Putin’s Russia, its economy weakened by years of Western sanctions, its population falling and the prospect of aggressive state intervention rarely far away? Optimists in the White House point toward a new era of cooperation between the two countries if a deal can be made to end the war in Ukraine.
25.02 / 12:15
markets Progressive Strategy economy President Latin International Scotiabank beats expectations despite higher provisions for credit losses
The Bank of Nova Scotia beat analysts’ expectations despite higher provisions for credit losses and posting a $1.35-billion loss related to the sale of its operations in Colombia, Costa Rica and Panama during the first quarter.
25.02 / 12:15
markets UPS security economy wellness President dance Aluminum keeps flowing from Canada to U.S. with buyers set to bear Trump tariffs
Looming aluminum tariffs have put U.S. makers of everything from cans to cars on edge. But as long as they’re willing to pay enough of a premium, the metal is likely to continue flowing across the northern border.
25.02 / 10:21
markets security economy MSCI Trade President country Trumped: FIIs abandon Asian equities, unnerved by potential US reciprocal tariffs, strengthening dollar
Subscribe to enjoy similar stories. Foreign institutional investors have called it quits on Asian equities after US President Donald Trump’s America First policy triggered global trade policy uncertainty. A likely shift in world trade dynamics due to potential reciprocal tariffs could hurt the economic prospects of Asian economies.
25.02 / 09:27
Provident Target FIVE economy Trade Experts performer India’s GDP growth likely improved to 6.3% in December quarter: Mint poll
Subscribe to enjoy similar stories. India’s economic growth likely rose to 6.3% in the December quarter from 5.4% the previous quarter after a rise in government spending and a revival in consumption, especially in rural areas, provided support, according to a median estimate of 23 economists polled by Mint. Despite the rise, growth will be more than two percentage points lower than the rise seen in the same quarter a year ago.

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