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In a speech at Leeds University Business School on Wednesday (20 November), Dave Ramsden described the significant fall in headline inflation as «the main development on the UK economy over the last year». He recalled the MPC's forecast in November 2023, which predicted it would take over two years for inflation to return to the 2% target, noting it took just six months. Earlier this month the Monetary Policy Committee cut rates for the second time this year, taking the bank rate to 4.75%, and remarking in the monetary policy report that it expects inflation to rise to around 2.8% ove...

According to the latest Janus Henderson Global Dividend index, dividends were up 3.1% in Q3 year-on-year on both a headline and underlying basis, with 88% of companies globally maintaining or raising payouts. However, low levels of special dividend payments held back the headline growth rate by more than expected in the third quarter while material cuts by five companies dragged down the growth rate by 3.5%. This was mainly attributed to Evergreen Marine in Taiwan and Glencore in the UK, whose payout reductions impacted the Q3 growth rate by 3.4% between them. Global dividends surg...

Subscribe to enjoy similar stories. Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting.

Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided in its meeting held last month to keep the policy rate unchanged for the tenth consecutive time. In April last year, the MPC stopped its rate-hike cycle by retaining the key lending rate at 6.5 per cent. The RBI had hiked rates six times in a row before it decided to pause in April last year. The impact of those rate hikes was not believed to have percolated to the ground by then. As inflation seemed to be coming under control in recent months, expectations about a rate cut grew. Though the RBI changed the stance to 'neutral' from the earlier 'withdrawal of accommodation' unanimously, it retained the key rate at 6.5%. in its last meeting in October due to high inflation. The inflation further touched a 14-month high at 6.2% for October, led by a spike in vegetable prices. It is above the RBI's mandate of 4% with a tolerance band of 2 percentage points on either side. Now, many expect the RBI to cut rates in February next year, instead of earlier expectations of a rate cut in December.

Canada’s inflation rate rose to two per cent in October, lowering the likelihood of another jumbo cut to interest rates by the Bank of Canada next month.

Maharashtra Assembly elections, the BJP on Monday launched a new ad campaign attacking the opposition Maha Vikas Aghadi (MVA) and urging people to "Say No to Congress." The campaign highlighted various incidents from the past, including the 26/11 Mumbai terror attacks, with headlines such as «26/11 Mumbai Terror Attack», «2003 Mumbai serial blasts», «Chronology of the 7/11 train bombing case», and «Death toll in Pune blast rises to 17.» It also referred to tragedies like the Gowari massacre and the Palghar Sadhu lynching, questioning the government's response. The campaign also focused on issues such as corruption, with the BJP mentioning the alleged black-marketing of Remdesivir by a Congress official, and allegations of financial mismanagement in the BMC.

Jake Paul and Mike Tyson will headline a live boxing event featuring prominent fighters and matches. The event will include preliminary bouts and will be available on Netflix.

It seemed like bad satire, or yet another conspiracy theory

inflation, according to a recent report by Moody’s. The ratings agency projects India’s GDP to grow by 7.2% in 2024, followed by 6.6% in 2025 and 6.5% in 2026. In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity. Indicators of economic health, including positive manufacturing and services PMIs, robust credit growth, and consumer optimism, point to continued growth in the third quarter. Household spending is expected to remain strong, buoyed by festive season purchases and rising rural demand as agriculture rebounds. Private investment is likely to be supported by increasing capacity utilization, strong business sentiment, and the government’s ongoing infrastructure investments, said the report.

Subscribe to enjoy similar stories. Dear reader, Welcome to the first issue of Mint’s newsletter on the climate crisis: Climate Change And You. I am Bibek Bhattacharya, and I will be taking turns in writing this newsletter, every two weeks, alongside my colleague Sayantan Bera.

The Consumer Price Index figure, released by the US Bureau of Labor Statistics today (13 November), was up from 2.4% the previous month and marked the first increase since March this year. The core CPI measure, which strips out volatile food and energy items, remained steady, rising at an annual pace of 3.3%. On a monthly basis, headline CPI increased by 0.2% in August, the same increase as in each of the previous three months. Federal Reserve cuts rates by 25bps amid persistent economic growth Housing prices rose 0.4% in October, accounting for over half of the monthly all time in...

First Trust Advisors chief economist Brian Wesbury reacts to Fed Chair Jerome Powell saying he won't resign if President-elect Trump asks on «Making Money.»

India vs South Africa Live Score 3rd T20I: Locked at 1-1 after the first two games, India and South Africa will be hoping for another nail-biting thriller when they face off at the SuperSport Park in Centurion on Wednesday. If Sanju Samson's second T20I ton and combined work by Indian spinners Varun Chakravarthy and Ravi Bishnoi headlined Men in Blue's win in Durban, Tristan Stubbs' calm and composed knock under pressure restored parity for the hosts in Gqeberha. With the series being a four-game rubber, whichever team wins in Centurion, won't lose the series.

Dalal Street as Nifty is now 10% from its 52-week high of 26,277 while Sensex has lost over 8,000 points from its peak. While the headline indices will be treated in bear grip if they fall below 20% from the peak, retail investor portfolios are already reflecting signs of a bear market as more than 900 stocks above Rs 1,000 crore market capitalisation are down at least 20% from their 52-week high levels.

Subscribe to enjoy similar stories. Reserve Bank of India (RBI) governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. Data released on Tuesday showed the consumer price index rose 6.2% last month from its level a year earlier.

Subscribe to enjoy similar stories. At 6.21%, retail inflation in October breached the upper limit of the Reserve Bank of India’s target, for the first time since August 2023, thanks to an alarming rise in vegetable prices. A Mint poll of 18 economists had projected inflation to be at 5.95% for the month.

Sean Diddy Combs case is one of the biggest high-profile cases the United States has seen in recent while, with some many top-tier names involved in it, that it has stayed in the headlines for months now. The latest development around the Sean Diddy Combs case has just arrived and it is being reported that he has proposed a bail for $50 million dollar but has has been denied a gag order.

Subscribe to enjoy similar stories. The Insolvency and Bankruptcy Code (IBC) has long been associated with delays and financial creditors taking significant losses in high-profile corporate insolvencies. In the recent past, various stakeholders including the Parliamentary Standing Committee on Finance, Reserve Bank of India (RBI) Governor Shaktikanta Das and India’s G-20 Sherpa Amitabh Kant have flagged concerns over delays and asked for a recovery boost.

All but one member of the Monetary Policy Committee voted to reduce the Bank rate at the meeting on Wednesday (6 November).  With UK inflation dropping below the Bank's 2% target in September, the MPC said there had been «continued progress» on disinflation thanks to the unwinding of external global shocks, although it noted «remaining domestic inflationary pressures are resolving more slowly». The central bank said inflation is expected to increase to around 2.5% by the end of the year, with headline GDP growth set to fall back to around 0.25% per quarter over the second half of this...

Subscribe to enjoy similar stories. The explosion of trading in futures and options (F&O) has been a remarkable feature of India’s equity market. With a dominant 90% share of Indian market volumes, it dwarfs derivatives trading in all other major equity markets.