Economy Financial News

15.12 / 23:49

markets COST Platform Strategy economy performer Self-made millionaire shares biggest investing regret: How a poorly planned strategy almost cost her Rs 8 crores

15.12 / 17:19

markets economy Enterprise wellness country Interviews inequality Time we re-evaluate real value of wealth

Jeff Bezos' suggestion in a recent NYT interview that the world's richest be listed not by the fortunes they have amassed, but by the wealth they have created for others is an interesting take on the debate over rising inequality. It's also a new, legitimate take on what it means to be wealthy. In the process of making a couple of hundred billion dollars for Bezos, Amazon has made its investors richer by over $2 tn, perhaps a truer indication of wealth-creation.

15.12 / 11:25

markets COST Software economy Trade show reports Investors bracing for 24 hours of big decisions from US to Asia and beyond

monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. The US announcement will take center stage on Wednesday, followed by peers in Japan, the Nordics and the UK over the following day — amounting to half of the world’s 10 most-traded currency jurisdictions.

15.12 / 07:07

Aviat Software economy Sustainability Experts beautiful travelers Indian tourism sector to double in 10 years, says WTTC chief

Indian tourism sector is expected to double in size to USD 523 billion in the next 10 years, according to World Travel and Tourism Council (WTTC) President and CEO Julia Simpson. WTTC works with governments on issues of the travel and tourism industry, and is the global authority on the economic and social contribution of the sector. «The travel and tourism sector employs 45 million people in India, and is going to double in its value. In 10 years, the sector is going to be worth USD 523 billion in India, more than double the present size of USD 256 billion,» Simpson told PTI in an interview. «In 10 years, the tourism sector in India will be providing jobs to 63 million people,» she said.

14.12 / 14:01

markets Digital Strategy Software economy Experts PAM India's Space economy to increase threefold in next 10 years: Jitendra Singh

Jitendra Singh. Speaking at India Economic Conclave organised by Times Network in New Delhi, Singh said, India is on the path of raising its space sector to global standards. He informed that India has made a quantum jump since 2014 in the Space economy.

14.12 / 10:31

markets Provident Software economy Enterprise country inclusion union budget 2025 budget 2025 Union Budget 2025: Why is it important for government to have a budget?

Resources have to be used to uplift underprivileged sections of society, ensure financial inclusion, reduce regional disparities, strengthen defense capabilities, provide quality education, and much more. It then becomes essential for a well-planned budget for any government to achieve economic stability and growth.

14.12 / 10:31

markets UPS Progressive economy Election Trade Experts Trump Era Begins: What it means for global markets and Indian economy

volatility return across asset classes, as one would have expected with Trump winning the US presidential election and Republicans taking control of both the House of Representatives and the Senate. The latest economic data suggests that the US economy is resilient. It will be interesting to see whether the Fed cuts rates again in the December policy or pauses. The progress on the inflation front has stalled and given that Trump's policies are likely to be expansionary, there could be upside risks to inflation.

14.12 / 09:41

markets security Strategy Software economy Experts reports budget 2025 Budget 2025: What is Economic Survey and when is it presented?

Finance Minister Nirmala Sitharaman is likely to present the Budget for FY 2025-26 in the Parliament on February 1, 2025. Prior to the presentation, the Ministry of Finance will publish the Economic Survey, which is followed by a press conference addressed by the Chief Economic Advisor and other senior officials of the Finance Ministry. The big theme for the upcoming survey will be deregulation, or the process of letting go of regulations in some spheres, Chief Economic Advisor V Anantha Nageswaran said on December 6.

14.12 / 07:39

markets Analysis economy Trade Experts show Market corrections can be blessing in disguise for value investors

Valuation is commonly measured using financial ratios such as the Price-to-Earnings (P/E) or Price-to-Book (P/B) ratios. Let's focus on the P/E ratio for instance. This ratio increases when a stock's price rises faster than its earnings during the same period. If the price significantly outpaces the company's earnings potential, the stock is considered overvalued or sometimes “extremely overvalued” too.

14.12 / 04:25

markets Analysis economy Boeing Trade Experts reports 5 world market themes for the week ahead

Central banks in the United States, Japan and Britain meet, while Germany holds a vote of no confidence in the government.

13.12 / 20:03

markets economy trends Experts PAM reports Schools Going against the herd: SocGen's big warning, says U.S is heading for a big recession

US economy, according to a report. SocGen has warned that whenever there was a spike in 36-month moving average of unemployment, the US economy slipped into a recession. SocGen has pointed out that this has been an alarming trend since 1950, Business Insider reported. SocGen stated that the US economy might go into recession even though Wall Street were hopeful of a fairly positive financial trend once Donald Trump takes charge as the President of the World's largest economy. The inauguration is scheduled for January 20, 2025.

13.12 / 18:25

markets UPS FIVE economy Election Fitch Economists' 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Home shoppers hoping for more attractive mortgage rates next year may be disappointed

13.12 / 18:19

Strategy Software economy pandemic Experts 2020 UK economy declines for second straight month

COVID-19 pandemic and a setback for new finance minister Rachel Reeves. Gross domestic product contracted by 0.1% month-on-month in October, as it did in September, the Office for National Statistics said. It was the first consecutive drop in monthly GDP, which is volatile and prone to revision, since March and April 2020, when Britain enforced its first COVID-19 lockdown. The ONS said there was «mixed» anecdotal evidence from companies that turnover had been affected by companies waiting for the budget statement, which imposed large tax rises on businesses.

13.12 / 15:19

UPS Target economy Boeing BoE survey reveals growing concern over UK inflationary outlook

According to the November 2024 Bank of England/Ipsos Inflation Attitudes survey, the median expectation for the rate of inflation over the coming year among respondents was 3%, up from 2.7% in August 2024. Similarly, when asked about expected inflation in the 12 months after that, respondents gave a median answer of 2.8%, up 0.2 percentage points from August's figure of 2.6%. UK economy unexpectedly shrinks by 0.1% in October sparking 'cause for concern' Looking more long term, those who took part in the survey were sceptical of the Bank of England achieving its inflation target ...

13.12 / 13:37

markets economy Boeing show UK economy unexpectedly shrinks by 0.1% in October sparking 'cause for concern'

According to data from the Office for National Statistics today (13 December), monthly services output showed no growth in October, having also flatlined in September, but grew by 0.1% in the three months to October 2024. Similarly, real GDP is estimated to have grown by 0.1% in the three months to October, led by increased output from the services and construction sectors during this period. This came in stark contrast to market expectations, as CBI economists had forecast growth of 0.1% for the UK economy in October. BoE warns of rising sovereign debt impact on UK financial sta...

13.12 / 13:37

UPS economy US inflation ticks up 2.7% in November 'clearing the way' for third Fed rate cut

Data released on Wednesday (11 December) from the Bureau of Labor Statistics was 0.1 percentage point higher than October's Consumer Price index of 2.6%. Similarly, CPI increased 0.3% on a seasonally adjusted basis in November, having risen 0.2% in each of the previous four months. Significant drivers of the increase in prices include the index for shelter, which rose 0.3% in November, accounting for almost 40% of the monthly total items increase. US economy expands by 2.8% in Q3 Cars and trucks, household furnishings and operations, medical care, new vehicles and recreation ...

13.12 / 13:35

UPS Target MET economy pandemic trump tariffs China signals it's prepared to double down on support for the economy as Trump tariffs loom

Chinese leaders met this week to plot economic policy for the coming year and sketched out plans to raise government spending and relax Beijing's monetary policy

13.12 / 07:23

UPS DOW economy reports How major US stock indexes fared Thursday, 12/12/2024

U.S. stock indexes drifted lower following some potentially discouraging data on the economy

13.12 / 07:23

UPS Manufacturing economy Trade show country Commentary Japan business survey shows slight improvement in outlook for manufacturers

A quarterly survey by Japan's central bank shows business sentiment among manufacturers has improved slightly, especially in major heavy industries such as automaking, fossil fuels and machinery

13.12 / 07:23

markets UPS economy Trade show track reports Stock market today: Asian shares retreat, tracking Wall St decline as price data disappoints

Asian shares have tracked Wall Street’s decline in response to potentially discouraging data on the U.S. economy

13.12 / 07:23

markets economy Trade President War Fishing country Some in seafood industry see Trump as fishermen's friend, but tariffs could make for pricier fish

The incoming administration of President-elect Donald Trump is likely to bring big changes to seafood, one of the oldest sectors of the U.S. economy

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