Economy Financial News

Violent moves in the bond market this week have hammered investors and renewed fears of a recession, as well as concerns about housing, banks and even the fiscal sustainability of the U.S. government.

Billionaire investor Ken Griffin's flagship hedge fund rallied last month when the broader market was rattled by tight monetary policy as well as rising recession fears, according to a person familiar with the returns.

The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul Pal.

₹1.62 trillion in goods and services tax (GST) in the month of September, marking the fourth highest monthly collection since the inception of the tax regime. The BSE Sensex gained just 1.7% during the July-September 2023, recording its worst returns for the second quarter in four years. At ₹1.62 trillion, the GST collections in September were the fourth highest since the new indirect tax regime began in 2017.

India a USD 5 trillion economy and itself aims to become a USD 1 trillion economy by 2030. Patel, addressing the FICCI's National Executive Committee Meeting (NECM), said Gujarat is recognised as the growth engine of India.

Bangladesh has received the first uranium shipment from Russia to fuel the country’s only nuclear power plant, still under construction by Moscow

Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession

President Joe Biden has directed federal agencies to use all available authorities and resources to restore “healthy and abundant” salmon runs in the Columbia River Basin, a move that conservationists and tribes call a potential breakthrough

South Africa’s overall mining profits slipped by more than $5 billion in the last financial year

Treasury yields surged in September and sapped the energy from a strong stock market as investors came to terms with the likelihood that interest rates will remain high well into next year

Wall Street is slipping Thursday as pressure from the bond market remains high due to worries about a too-hot U.S. job market

The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion

The Philippines has a long history of trying to attract Filipino American citizens and their families to come and add to the economy

The global economy has shown remarkable resilience but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates

Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession

NEW DELHI : India’s ₹6,000-crore quantum mission, announced in April this year, will be put in motion “very soon", with the Department of Science and Technology (DST) putting “an appropriate structure for it in place", said Ajay Kumar Sood, principal scientific advisor (PSA) to the Centre. He also said his office is also involved in “making the framework of the mission, and running it." Sood was speaking at industry body Assocham’s Quantum Technology Conclave. The mission, and all the development work around it, will be “crucial in geopolitical strategies," Sood said.

New Delhi: The first unmanned trial spaceflight of India’s manned space mission, Gaganyaan, “may be ready for takeoff next month," said Union minister of state for science and space, Jitendra Singh. The first test flight is scheduled to be undertaken by the Indian Space Research Organisation (Isro) by the end of this year—with a second trial, carrying a homegrown humanoid robot, set to take flight next year.

WASHINGTON—The Pentagon is poised to make controversial cuts to the Army’s storied special-operations forces, amid recruiting struggles and a shift in focus from Middle East counterterrorism operations to a threat from China. The Army is cutting about 3,000 troops, or about 10% from its special-operations ranks, which could include so-called trigger-pullers from the Green Beret commando units who have conducted some of the nation’s most dangerous and sensitive missions around the world, from the jungles of Vietnam to the back alleys of Baghdad. The reductions would enable the Army to rebalance toward the large conventional ground forces needed in a potential fight in Asia.

Treasury yields fell and the yield curve steepened on Thursday ahead of a much-anticipated jobs report on Friday which will be watched for new clues on whether the economy is strong enough for the Federal Reserve to keep hiking interest rates. Longer-dated yields have surged to 16-year highs as investors adjust for the likelihood that the U.S. central bank will hold rates higher for longer, and potentially raise them again as the labor market remains solid and inflation stays above the Fed’s 2% annual target. “The market is conceding that the Fed not only will be more likely to hike again before the end of the year, but also the likelihood of them cutting any time for the foreseeable future is very low,” said Ian Lyngen, head of U.S.

Also Read: RBI Monetary Policy: Rate-pause may continue on CPI inflation, GDP print: Key indicators to watch Today, OPEC nations produce around 30 per cent of the world's crude oil. Saudi Arabia is the largest oil producer within the cartel, producing more than 10 million barrels a day.

China is spending billions of dollars annually on foreign information manipulation efforts including through China-Pakistan Media Corridor and Beijing uses false or biased information to promote positive views of the country and the Chinese Communist Party (CCP) alleged a newly released US State Department Report. At the same time, China suppresses critical information that contradicts its desired narratives on issues such as Taiwan, its human rights practices, the South China Sea, its domestic economy, and international economic engagement, alleged the report titled ‘How the People’s Republic of China Seeks to Reshape the Global Information Environment.’ “More broadly, the PRC (People’s Republic of China) seeks to cultivate and uphold a global incentive structure that encourages foreign governments, elites, journalists, and civil society to accept its preferred narratives and avoid criticizing its conduct,” the State Department report claimed.