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strategic pact between America, Israel and Saudi Arabia. In a rare television interview on September 20th, Saudi Arabia’s crown prince and the country’s de facto ruler acknowledged with a smile that an agreement is on the cards. “Every day we get closer.

Bloomberg News. In its latest data, the Reserve Bank of India stated household financial assets, including bank deposits, cash, and equity investments, after deducting debt servicing and consumption, eased to 5.1% of gross domestic product in the fiscal year ended March from 7.2% in the previous year. This level is the lowest since the fiscal year ended March 2007 and will crimp resources for the rest of the economy, as per calculations done by IndusInd Bank Ltd.'s Chief Economist Gaurav Kapur.

Hollywood writers reached a tentative labor agreement with major studios on Sunday, the Writers Guild of America said, a deal expected to end one of two strikes that have halted most film and television production and cost the California economy billions. The three-year contract must be approved by members of the WGA, which represents 11,500 film and television scribes, before it can take effect. In a brief statement, the WGA said the agreement was «made possible by the enduring solidarity of WGA members and extraordinary support of our union siblings who joined us on the picket lines for over 146 days.» The WGA settlement, while a milestone, will not return Hollywood to work.

Gold steadied on Monday after eking out a narrow 0.1% gain last week, as investors assessed U.S. Federal Reserve officials' warning of further interest rate hikes ahead of a consumer inflation gauge due later this week.FUNDAMENTALS * Spot gold was mostly unchanged at $1,924.54 per ounce by 0051 GMT, while U.S.

Shares of China Evergrande plunged as much as 24% on Monday after the embattled developer said it was unable to issue new debt due to an ongoing investigation into one of its subsidiaries, dealing a fresh blow to its restructuring plans.

Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.Markets will also be looking for further clues on whether China's economy is regaining traction. The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows.

Bloomberg Barclays Emerging Markets bond index to advance a scheduled review to early October so that a decision on India, now featuring on the competing JP Morgan gauge, can be brought forward by a quarter to give bulge-bracket investors tracking the benchmark an option to incrementally buy about $25 billion of bonds issued by one of the least indebted major economies. A couple of large US-based firms are at the forefront of the group of investors that made the review rescheduling demand as JP Morgan's decision last week threatens to reduce competitiveness of the Bloomberg Barclays Global Aggregate index, sources aware of the development told ET. Furthermore, these investors haven't even linked the potential inclusion to trade settlement on an international platform, reflecting India's increasing relevance for global indices that must recast themselves to reflect exclusion of Russia and tepid growth in China.Tax Talks «The investors have communicated to Bloomberg Barclays that they do not have a problem with the domestic delivery and payment system of settlement and that the Euroclear settlement is not a hurdle either,» a source said. Usually, managers of the Bloomberg Barclays index review the constituents and weights in the first quarter of a calendar year. Typically, overseas investments into instruments featuring on the gauge begin around nine months after the index inclusion is announced.AUM Nearly Equals GDP If included, India could be given a 0.8% weightage in the Bloomberg Barclays EM index, which has assets under management (AUM) of around $3 trillion.

Crude oil prices have shot up since June... Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in the past year.

The worlds of Lucy Jackson and Nikki Westcott from We the Wild Ones and Blue Mountains artist Stephen Travers couldn’t be further apart at first glance.

Hardeep Singh Nijjar, it is perhaps time for Canada to implement a 'foreign policy reset', shedding off its 'middle-power approach' and focussing more on 'Indo-Pacific diplomacy', Japan Times reported. Prime Minister Trudeau's allegation of an Indian role in the assassination of Khalistleader Nijjar on Canadian soil, triggered a broader deterioration in relations between Ottawa and New Delhi, the report noted. Notably, a similar episode also led to a deteriorating trend in China-Canada relations, the report stated, adding that Michael Spavor, a businessman, and Michael Kovrig, a former diplomat, were arrested by Beijing on espionage charges.

NEW DELHI : Domestic markets are not far ahead of fundamentals, and there is opportunity for strong earnings growth for several years, Nirav Sheth, chief executive officer, institutional equities at Emkay Global Financial Services Ltd, said in an interview. Barring consumer staples and commodities, he is positive about most sectors including banks, but with varying levels of confidence. Edited excerpts: Does the valuation comfort persist in the markets or is it time to book profits? Markets are not far ahead of fundamentals.

Reuters quoted PBOC adviser Liu Shijin, saying the Asian country has limited room for further monetary policy easing. Shijin, a member of the People's Bank of China's (PBOC) monetary policy committee, opined that Beijing's room for monetary policy easing was limited by widening interest rate differentials with the US.

With all eyes fixated on the recent stock market decline in the aftermath of the Federal Reserve's indication that it will keep interest rates higher for longer, there's another facet of the financial landscape certainly worth investors' consideration.

Quincy Krosby, Financial Chief Global strategist, discusses consumer spending, the labor market and inflation data.

It is a well-known fact that real estate is an appreciating asset. Historically, average real estate prices have multiplied and given healthy and robust returns to investors, despite multiple cycles of recession.

Piper Sandler Chief Global Economist Nancy Lazar explains why the economy will get worse before it gets better on ‘Maria Bartiromo’s Wall Street.’

Congress on Sunday alleged that the government has mismanaged the economy across all sectors and since it is «too inept» in fixing issues such as unemployment and price rise, it is distorting the data instead. Congress general secretary Jairam Ramesh said now that the special session of Parliament is over, it is clear that the Modi government was trying to «distract and divert» the nation from some critical issues — «the Adani scam, the caste census and especially the rising unemployment, growing inequality and the economic distress». In a statement, he said no matter how much the Modi government hides the data, the reality is that the vast majority of people are suffering. He claimed that some of the facts reported last week are being «brushed under the carpet». He said RBI's latest bulletin of September 2023 shows the «complete failure» of the Modi government to execute a recovery from the COVID-19 pandemic. «Forty-three per cent of people were in the labour force in February 2020.

India’s image as a leading space technology player and reaffirming its position as an attractive investment destination. India is just the fourth country after the US, Russia, and China to achieve a soft landing on the moon, and at a reasonable cost of $75 million. India’s space economy is expected to grow to $12.5 billion by 2025. The multiplier effects of space technology expertise will spill over into component manufacturing, satellite systems, telecom, and assembly, and most importantly, it will create highly skilled and high-paying jobs. India is making its entry into another high-skill Industry — semiconductors.

Also Read: ‘Crude’ impact on economy: $10 rise in Brent widens India's CAD by 0.5%, say analysts as oil sizzles to 10-month high Oil prices are expected to trade higher and can touch above $95, but market analysts reckon that prices sustaining above $100 is questionable. ‘’Markets fear that this trend could spur more cooling in the US economy, potentially denting crude demand,'' said domestic brokerage firm Motilal Oswal. US fuel demand is also expected to cool in the coming months, with the end of the travel-heavy summer season.

Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level in view of the stubbornly high retail inflation and certain global factors including elevated crude oil prices in the international market. The Reserve Bank Governor-headed six-member Monetary Policy Committee (MPC) meeting is scheduled for October 4-6, 2023. The last meeting of the MPC, the highest rating-setting panel, was in August. «We do expect the RBI to hold on to a status quo position this time as inflation is still high and liquidity tight.

Rising oil prices are, generally speaking, wonderful for companies that pump it out of the ground. But only up to a point. Crude near $100 a barrel might be an unattractive price for everyone involved.