Economy Financial News

21.09 / 02:23

Target economy show Reserve US Fed Meeting: FOMC keeps interest rates unchanged; here are 10 key takeaways from Federal Reserve monetary policy

US Federal Reserve on Wednesday kept the benchmark interest rates unchanged, in line with the street estimates. The Fed Chair Jerome Powell-led Federal Open Market Committee (FOMC) unanimously voted to leave the Fed funds rate at a 22-year high of 5.25% to 5.5% after the two-day meeting held on September 19 and 20.

21.09 / 02:13

UPS Lowe's economy Boeing reports Yen worries increase as dollar strengthens after Fed

By Brigid Riley

21.09 / 00:39

UPS Compilation economy President show Private debt placement by India Inc hits a high in FY23

debt by India Inc hit a record high in the last financial year as a recovery in economic growth and surging interest rates abroad prompted companies to flock to the local market to raise capital. Resource mobilisation in the private placement market was at ₹8.83 lakh crore in FY23, the highest on record, provisional data in the Reserve Bank of India's latest Handbook of Statistics on Indian Economy showed. In 2021-22, funds raised through private placement were at ₹6.32 lakh crore, the data showed.

21.09 / 00:17

COST UPS economy show country New Zealand second-quarter GDP expands faster than expected

By Lucy Craymer

21.09 / 00:15

Target Williams economy rock Fed holds rates steady, but leans hawkish with fewer rate cuts expected next year

By Yasin Ebrahim

21.09 / 00:15

NASDAQ DOW Platform economy Stock Market Today: Dow falls as Fed's hawkish pause puts big dent in big tech

Investing.com — The Dow closed lower Wednesday, as surging Treasury yields put the squeeze on big tech after the Federal Reserve left interest rates unchanged, but leaned into higher-for-longer rate regime.

20.09 / 23:29

COST UPS Fighting economy President prevention Power Deal Biden uses executive power to create a New Deal-style American Climate Corps

Environmental activists are praising President Joe Biden's New Deal-style American Climate Corps

20.09 / 23:29

BLOCK economy Experts country travelers rights Vietnam detains energy policy think-tank chief, human rights group says

Vietnam has detained the director of a think tank that works on energy issues in the country

20.09 / 19:39

Provident Aware economy President show country reports Premium Saudi cuts Asian Premium after India taps Russian oil

NEW DELHI : Saudi Arabia, the world’s second largest oil producer, has slashed the premium charged on exports to India while many others have discontinued it altogether, a person aware of the matter said, after India began sourcing the bulk of its energy requirements from Russia. Asian premium is an extra amount levied by the Organization of the Petroleum Exporting Countries (Opec) from Asian countries above the actual selling price. India has repeatedly pressed oil producers to eliminate this premium and even asked for an ‘Asian discount’ instead.

20.09 / 19:39

UPS Target Progressive Fighting economy show Fed Holds Rates Steady but Pencils in One More Hike This Year

WASHINGTON—Federal Reserve officials voted to hold interest rates steady at a 22-year high but signaled they were prepared to raise rates once more this year to combat inflation. With economic activity stronger than anticipated, a majority of officials also expected they would need to maintain interest rates near their current level through next year, according to projections released Wednesday at the conclusion of their two-day policy meeting. Fed officials raised their benchmark federal-funds rate at their previous meeting in July to a range between 5.25% and 5.5%.

20.09 / 19:07

COST UPS Target economy show Fed reveals latest rate decision, signals one more hike this year

The Federal Reserve left its benchmark interest rate unchanged while signaling borrowing costs will likely stay higher for longer after one more hike this year.

20.09 / 18:39

UPS Provident Target Progressive economy show Fed declines to hike, but points to rates staying higher for longer

The Federal Reserve held interest rates steady in a decision released Wednesday, while also indicating it still expects one more hike before the end of the year and fewer cuts than previously indicated next year.

20.09 / 18:35

Progressive economy pandemic country reports patient NOT It's not yet glorious to be just rich

G20 summit reported fair progress on some of the most nettlesome challenges confronting the world economy, such as debt relief to low-income countries, restructuring multilateral funding agencies and securing finance commitments for climate change. G20 itself has become a more inclusive forum with the inclusion of the African Union (AU).

20.09 / 18:19

UPS Digital economy Fallout love The artificial intelligence era needs its own Karl Marx

reality. By all indications, AI will hit white-collar jobs hardest. Job losses are not the only problem that AI could create in an economy.

20.09 / 18:19

COST UPS Progressive economy social Rice fortification can help tackle our problem of hidden hunger

₹35-40 lakh, while a high-quality one can cost up to ₹13.5 crore. Additional costs for fortified rice range from 1% to 10% of the retail price, with an approximate additional cost of ₹0.45 per kg to the consumer, depending on the nutrients added. As production and distribution expand, economies of scale could further reduce costs.

20.09 / 18:19

Provident Platform Strategy economy country social recommendations Omkarm Capital gets SEBI nod for category 2 AIF related to infrastructure logistics strategy

₹300 crore investment for the infrastructure logistics space. The investment strategy blends periodic income distribution alongside capital growth. “High quality physical infrastructure logistics is a critical backbone for a country.

20.09 / 18:19

Manufacturing Gap economy pandemic information reports 42% graduates under 25 years remained jobless post-covid

NEW DELHI : As many as 42% of graduates under the age of 25 remained unemployed after the covid-19 pandemic, while the pace of job creation decreased following the global economic slowdown, a report on the labour market released on Wednesday said. The report, ‘State of Working India 2023: Social Identities and Labour Market Outcomes’ by Bengaluru-based Azim Premji University, said that a large variation in the rate of unemployment exists even among people with higher education, though post-covid figures remain below the pre-covid levels. It cited data from the Periodic Labour Force Survey (2021-22), which is carried out by the National Statistical Office (NSO).

20.09 / 17:31

Provident Strategy economy show information recommendations Fed Expected to Confirm Rate Hike Pause Today - But What About November?

Last week, I wrote about a noteworthy divergence in inflation data, with the headline CPI on the rise while Core CPI was declining. This divergence occurred alongside a 25 basis point hike by the ECB.

20.09 / 15:45

economy recommendations Sizzling oil worldwide, rising worries in India

Bloomberg data. To be sure, India is considered relatively better placed than other Asian economies with a firmer macro-economic position.

20.09 / 14:03

UPS Manufacturing economy Healthcare show reports India Ratings revises India's FY24 GDP growth estimates to 6.2%

industrial growth, especially manufacturing growth continues to be tepid," the report said. The Indian economy grew at 7.8% in the first quarter of the current fiscal year on higher government and private capital expenditure, and strong services growth. “All these risks will continue to weigh and restrict India’s GDP growth to 6.2% in FY24 (FY23: 7.2%), and the quarterly GDP growth, which came in at 7.8% in 1QFY24, is slated to slow down sequentially in the remaining three quarters of FY24," said Sunil Kumar Sinha, Principal Economist, India Ratings and Research.

20.09 / 13:05

UPS Provident NASDAQ economy show interest rate hikes Futures inch up on hopes Fed may pause interest rate hikes

By Ankika Biswas and Shristi Achar A

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