Economy Financial News

Mint delves into the specifics of the monetary policy report in five charts: Despite the recent rise in crude oil prices, the central bank retained its baseline assumption of $85 a barrel for the Indian basket for the second half of the fiscal year. While Brent crude prices had risen to as much as $98 a barrel in September, they fell below $90 on Friday. However, oil prices are known to be volatile and if they settle above $90 for longer, the RBI's inflation projections could prove to be an underestimate.

Russian President Vladimir Putin is preparing the country’s economy for a long war in Ukraine. Military spending and war-related expenditures have already fueled much of Russia’s economic growth this year, helping the country weather the impact of Western sanctions. Next year, the government plans to increase military spending even more.

More companies are borrowing against their assets, including inventory and receivables, as finance chiefs look to bolster liquidity amid financial stress from inflation and high interest rates. Asset-based loans have a particular appeal for chief financial officers during periods of economic uncertainty. The draw: Companies don’t need to meet the same types of leverage and performance requirements included in loans based on a company’s cash flow.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

Investing.com -- The U.S. economy added far more jobs in September than expected, while the unemployment rate and wage growth held steady, pointing to lingering tightness in the labor market at the end of the third quarter.

Saudi Energy Minister Abdulaziz bin Salman isn’t short of fans. One of them is Eric Nuttall, a Canadian who invests in oil equities.

OTTAWA (Reuters) — Canada's economy added a net 63,800 jobs in September, more than tripling expectations, while the jobless rate stayed at 5.5%, Statistics Canada data showed on Friday.

FDI) in the Space sector is allowed up to 100 per cent in the area of Satellites-Establishment and Operations through government route only. While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) Secretary Rajesh Kumar Singh said, the government may liberalise FDI norms for the country's Space sector.

Investing.com -- U.S. stock futures hold firm as traders gear up for a crucial monthly jobs report that could add clarity to the outlook for Federal Reserve policy decisions over the rest of 2023. Elsewhere, San Francisco Fed President Mary Daly suggests that a recent spike in bond yields may diminish the need for the central bank to further hike borrowing costs this year, while ExxonMobil (NYSE:XOM) is reportedly in negotiations over a blockbuster takeover of Texas shale group Pioneer.

Stocks finished yesterday flat after being down earlier for most of the session. A sell-off in the dollar ahead of today's Job report was the main catalyst for the bounce. The S&P 500, for the most part, has consolidated the last two trading sessions and failed for a second day at 4,270.

Just when you thought it was safe to assume that the soft-landing fix was in, the bond market has thrown a wrench into the machine. So it goes with the constantly shape-shifting risk profile for the US business cycle. Most of the time the changes are relatively trivial. Is this time different?

read that management book you have been meaning to for months. Corporate dress codes may have relaxed but opt for transatlantic athleisure only if you have time to change before heading to your meeting after you land. Boarding the red-eye in pyjama bottoms is not OK.

Ajit Dayal, Founder, Quantum Advisors, says “unlike China, India has a one-to-one correlation between stock market returns and GDP. When GDP grows, stock market returns grow. In China, that correlation broke about eight-nine years ago and it is not likely to go back given that strong leadership and strong governments who think too much of themselves are dangers to stock market returns. They may not be dangerous to GDP growth rate because strong governments or strong leaders can encourage crony capitalism. We have seen that in Russia and China. Therefore, we pray for coalition governments in some sense because then you have automatic risk management.” Today is an interesting day because the Nifty after going to almost 19,200 or thereabout has come back to 19,600-19,700. There was a fear in the market that this change in global narrative of higher for longer which our Governor Das also alluded to today, is likely to dislocate markets globally. Since India has relatively outperformed the world, it was thought that we are likely to fall a lot. But that narrative has not played out entirely in India. How scary is this higher for longer in your view for risky assets overall? If you look at the way the global interest rates have been, since 1980, you have had basically a one-way bet on interest rates that they will be declining and that is what has happened.

Congress president Mallikarjun Kharge on Friday said people in rural India are forced to wander from door-to-door in search of work under MGNREGA while the prime minister was «hiding his failures» by criticising the Congress in poll-bound states. Kharge's remarks come a day after Prime Minister Narendra Modi slammed the Ashok Gehlot government in Rajasthan over exam paper leaks, corruption and law and order, saying it cared only for its «vote bank» and not the people of Rajasthan.

urbanisation, infrastructure development and housing affordability is expected to push growth of real estate development across key tier II cities including Bhubaneswar, Coimbatore, Indore, Jaipur, Kochi, Lucknow, Nagpur, Surat, Thiruvananthapuram, and Visakhapatnam. A joint study conducted by Cushman & Wakefield and the Confederation of Real Estate Developers' Associations of India (CREDAI), has identified 17 cities across India based on healthy traction in overall real estate development, organised retail penetration, and mature residential market development. Of these cities, the cities mentioned above have been identified as the 10 emerging cities that hold the highest potential for growth in the foreseeable future. The cities have been selected based on indicators pertaining to population, infrastructure, talent pool, income, and ease of living, among several factors. While Delhi NCR, Mumbai, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad continue to be the key 8 real estate markets, the study anticipates that these 10 tier-II are soon going to add more power to the India-growth-story. “As India continues its remarkable journey of economic growth and witnesses a higher rate of urbanization, we anticipate newer cities to fuel the future growth of the commercial real estate market.

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Kaustubh Pawaskar, DVP, Fundamental Research, BNP Paribas, says “prior to election years, we see the government increasing spending in the rural markets or agri economy and that should augur well for rural demand and to see a good bit of recovery in the quarters ahead. Urban consumption demand is quite stable over there. Once rural is back on track, we should see volume growth gradually recovering and that is expected from Q2 with a bit of help from the festive demand which is going to be there in October and November.” In the FMCG pack, Marico consolidated revenue is marginally lower on a year-on-year basis. GCPL is also a bit weak-ish in terms of volumes. What is your view on the FMCG pack as a whole for Q2? Q2 is going to be a weak quarter for the consumer good companies.

(Reuters) — Citigroup (NYSE:C) on Friday upgraded its recommendation on Japanese stocks to «neutral» as the country's economy and earnings look resilient, but downgraded British equities to «underweight» due to high exposure to fluctuations in oil prices.

In a major relief to homebuyers, the Reserve Bank of India (RBI) on Friday unanimously decided to keep the repo rate unchanged at 6.5 per cent in its monetary policy meeting. The apex bank continues to keep its focus on controlling inflation as external factors continue to keep the pressure on the internal economic situation in the country.

UK Home Secretary Suella Braverman's hard line speech that tough action needs to be taken to stop migration. “It's likely that Braverman is aware of the role immigration plays in sustaining the UK economy and fulfilling skill gaps, making her remarks noteworthy for not only political observers; but also stakeholders concerned with immigration's role in the UK's future. This is considering the country is grappling with with a labour shortfall in various sectors, " said Yash Dubal, A Y & J Solicitors, London, United Kingdom.

Retail space leasing is currently experiencing a notable surge driven by positive sentiments and promising trends. With a robust supply pipeline, influx of international brands in various categories, and the upcoming festive season, the retail sector seems buoyant. Besides, the resurgence of consumer sentiment, an increase in consumption appetite, and the widespread adoption of omnichannel strategies by retailers are likely to further propel the growth graph.