Economy Financial News

Urbanization, in the Indian context, is the rapid migration of people from rural areas to urban centers, fueled by various socio-economic factors and the allure of better opportunities. The Indian real estate sector, an essential pillar of our nation’s economy, stands at a crucial juncture as it grapples with the transformative effects of urbanization.

The wine, beer and cheese that Anthony D’Anna imports from Italy gets sold everywhere from his family’s store in suburban Melbourne to Bondi Beach’s famous Icebergs and Rockpool Bar & Grill in Perth.

The global minimum tax is arguably the most important topic in the much talked-about international tax reform, with implications for both developed and developing countries. While taxing the digital economy has taken the limelight in the headlines, the global minimum tax has the potential to have a significant impact, especially on developing nations.

The Reserve Bank of India on Friday maintained the pause in the repo rate for the fourth consecutive time, which is good news for homebuyers.

“homeland economics", a protectionist, high-subsidy, intervention-heavy ideology administered by an ambitious state. Fragile supply chains, growing threats to national security, the energy transition and the cost-of-living crisis have each demanded action by governments—and for good reason. But when you lump them all together, it becomes clear just how systematically the presumption of open markets and limited government has been left in the dust.

(Reuters) — Still punchy after a bond market rout and forex market gyrations, financial markets are bracing for U.S. inflation numbers and the start of earnings season.

(Reuters) — The Russian rouble weakened on Friday, dropping to a more than seven-week low past 101 against the dollar, under pressure from lower oil prices and the reduced supply of foreign currency from exporters at the start of the month.

MANILA (Reuters) -The Philippines economics minister cautioned on Friday against further raising interest rates, which could hurt consumers already suffering from high inflation.

By Maria Martinez

By Jamie McGeever

Tokyo | When 300 Japanese business titans and the country’s trade minister descend on Melbourne this weekend, it will be a reminder that not a lot has changed in half a century.

By Howard Schneider

By Saqib Iqbal Ahmed

The Reserve Bank of India's (RBI) Monetary Policy Committee unanimously decided to keep the repo rate- key lending rate- unchanged at 6.5 per cent for the fourth time in a row. The rate-setting panel also left the policy stance unchanged with focus on withdrawal of accommodation. The central bank now sees inflation for Q2, Q3 and Q4 at 6.4%, 5.6% and 5.2%, respectively.

India's Monetary Policy Committee (MPC) on Friday that it expects India's GDP growth for FY24 to come in at 6.5%, in line with its previous predictions. «Risks are evenly balanced, with real GDP growth at 6.5% with Q2 at 6.5%, Q3 at 6% and Q4 at 5.7%,» Governor Shaktikanta Das said during his address post the meet.

the economy, consider the tractor. Historians disagree about who invented the humble machine. Some say it was Richard Trevithick, a British engineer, in 1812.

“Over the medium and long term is indeed constructive and India is at the cusp of a multi-year growth cycle led by capex, credit growth, consumption & corporate profitability,” says Devang Mehta, Director – Equity Advisory, Spark Capital Private Wealth Management. In an interview with ETMarkets, Mehta said: “We like themes & sectors related to Credit growth, financials and Capital expenditure as well as Consumption could lead next leg of rally on D-St,” Edited excerpts: Nifty hit 20200 levels and then we saw some bit of healthy profit-taking amid muted global cues. What is your take on markets for the medium to long term? A bit of shake-out, when money-making becomes extremely easy, is a usual phenomenon in the markets. That said, such ebbs & corrections always act as cautionary notes and bring gravity to the proceedings.

TAIPEI (Reuters) — Taiwan's government has opened an investigation into four companies named in a media report as conducting business with firms linked to U.S.-sanctioned Huawei in China, and is considering tighter rules on key technologies.

By Sudarshan Varadhan

TOKYO (Reuters) — Japan's real wages in August declined for a 17th month, government data showed on Friday, as persistent price hikes continued to outpace salary growth.

Pascal Gauthier, CEO and chair of hardware crypto wallet manufacturer Ledger, has announced the firm will be reducing its staff by 12%.