Economy Financial News

BEIJING — Asia's competitive advantage was once cheap labor. Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note.

Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three to six months,” analysts including Sunil Koul and Amorita Goel wrote in a note. While this year’s surge in equity markets makes for a great backdrop for Prime Minister Narendra Modi — who is seeking a third term in office — a sense of caution is building. Goldman’s view comes as overseas investors sold $2.3 billion worth of Indian stocks on a net basis in September, following six months of inflows. The polls are likely to have a bearing on economic policy and reforms at a time the world’s fastest-growing major economy is increasingly seen as an alternative to China. Goldman retained its market-weight stance on India in early July, from where the Nifty 50 Index has remained little changed.

By Maggie Fick

Crossmark CIO Bob Doll joins ‘Mornings with Maria’ to discuss a number of investment topics including slowing Treasury yields and the Federal Reserve's inflation fight.

Two decades back, the merger of a development financial institution and a bank--ICICI and ICICI Bank--faced significant challenges, expected given the size of the entities involved . Strict regulatory demands, including the cash reserve ratio (CRR) and statutory liquidity requirements (SLR), posed complications and the banking regulator was not willing to grant any forbearances. The economic landscape and corporate finances were also undergoing recovery.

Also Read: RBI begins three-day monetary policy meeting, outcome on Oct 6; rate sensitive sectors down According to majority of economists on D-Street, the RBI would keep its key repo rate unchanged at 6.50 per cent at the conclusion of the October 4-6 MPC meeting, with only a few expecting a 25 basis point hike. Analysts also do not expect the central bank to change its stance from ‘withdrawal of accommodation’.

By Leika Kihara

The global chief executive of French power sockets and light switches group Legrand says demand has been “flattish” in the past six months in Australia as the housing construction market sags, but he’s hopeful of a rebound by the second half of 2024.

much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S.

MPC) meeting is being held in a tough global economic environment. The US treasury yields have shot up to a 16-year high even as the US Fed has signalled that it won't be backing down against its inflation fight.

By Uditha Jayasinghe and Swati Bhat

Investing.com — Crude prices rose cautiously Thursday as longs hammered in the previous session tried to cover some of their losses by buying in at the lower levels.

Despite public reassurances about the robustness of the U.S. economy, the Federal Reserve is preparing to downsize its workforce, according to Reuters. The central bank has confirmed plans to eliminate approximately 300 positions by the end of this year. This decision marks the institution's first notable personnel reduction since 2010. Currently, the Federal Reserve system, which consists of 12 regional reserve banks, employs around 21,000 individuals.

market to raise fresh capital through qualified institutional placements (QIPs), a trend being viewed as a clear indicator of the rejuvenation of the private capex cycle. During the first-half of FY24, 20 companies have together raised ₹18,500 crore through QIPs, while another dozen have already announced plans to raise up to ₹25,000 crore through this route. The Bajaj Finance board will meet Thursday to consider a proposal to raise funds. Market analysts anticipate that the company may seek to secure as much as ₹8,000-9,000 crore via QIP and an additional ₹2,000-3,000 crore through a preferential issue.

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

WASHINGTON (Reuters) — New orders for U.S.-made goods increased more than expected in August and shipments accelerated, supporting views that economic growth strengthened in the third quarter.

Digital platforms fundamentally alter how business is conducted. This is particularly true for small businesses because platforms help them find potential buyers worldwide. No wonder recent unicorns like Nykaa have emerged from these online businesses. A fundamental challenge that small businesses face is that potential customers need to know that the business exists and how it is different from its competitors.

By Steve Holland

The new vehicle market remained hot in September, according to DesRosiers Automotive Consultants Inc., with vehicle sales jumping 19 per cent in the month on an annualized basis.

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

Investing.com — The oil trade seems to have woken up to the fact that there’s something bigger after all than OPEC: The economy.