Headlines Financial News

Canada’s inflation rate for January decelerated to 2.9 per cent, dropping more than economists were predicting and possibly opening a window for the Bank of Canada to start cutting rates as early as June. Here’s what economists are saying about the numbers.

By Niket Nishant and Manya Saini

OTTAWA (Reuters) — Canada's annual inflation rate cooled much more than expected to 2.9% in January, largely on lower gas prices, while core inflation measures dropped to their lowest levels in more than 2 years, data showed on Tuesday.

Reserve Bank of India in the February edition of its monthly bulletin said that expectations of a fresh round of capital expenditure by the corporate sector will likely fuel the next leg of growth. RBI Governor Shaktikanta Das said that investment cycle in India is gaining steam, thanks to sustained thrust on government capex, increasing capacity utilisation, rising flow of resources to the commercial sector, and policy support from schemes such as production linked incentive (PLI scheme).

telecom sector revenues are expected to surge 63% between FY16 and FY25 despite a broader consolidation that shrank the field from more than 10 private mobile operators to just three. Revenues stood at ₹1.7 lakh crore in FY16 with the sector having more than 10 private companies. This was before Reliance Jio made its debut the following year. Revenues are expected to touch ₹2.78 lakh crore in FY25 in an industry comprising only three private operators — Jio, Bharti Airtel and Vodafone Idea (Vi). The strong revenue growth will be driven by expected tariff hikes, a pick-up in conversions from 2G to higher revenue-yielding 4G/5G customers and users upgrading to higher value data plans. Even in the absence of rate hikes, telecom sector revenues this financial year are expected to touch ₹2.46 lakh crore, far exceeding the FY16 levels, amid strong appetite for 4G services and an improving subscriber mix, showed an analysis of Trai data by global brokerage, CLSA. The estimated jump in sectoral revenues (in absolute terms) is even more spectacular at 68% between FY17, when Jio entered the fray, and FY25.

Crash Landing On You heartthrob Hyun Bin is rumored to take the lead role in the upcoming K-drama "Made In Korea," marking his highly anticipated return to the small screen. The series, produced by Hive Media Corp and directed by Woo Min Ho, is generating buzz not just for its star-studded cast but also for its substantial production budget.

By Chen Aizhu, Praveen Menon and Julia Payne

Yesterday I outlined the case that several ‘fair-value’ models suggest the current US 10-year Treasury yield appears high relative to the fundamentals.

Yami Gautam says there is no point in justifying the intent of her film 'Article 370' to people who already have a preconceived notion about it being a propaganda film. Gautam headlines the upcoming political drama, which marks her husband, filmmaker Aditya Dhar's production debut via B62 Studios. Dhar is the director of 2019 film «Uri: The Surgical Strike». The release of 'Article 370' comes ahead of the 2024 Lok Sabha elections. Directed by Aditya Suhas Jambhale, the film will hit the screens on February 23. «If someone is calling it names… like 'propaganda', 'jingoism', and 'chest-thumping'… Any section that goes into theatres already thinking or carrying a preconceived notion that this is what it's about, you'll never be able to feel or enjoy the film. There is no point justifying the film to them. I don't think the audience thinks about these things. This film is for the majority of the audience and we make films for the audience,» Gautam toldPTI in an interview.

WASHINGTON (Reuters) — The U.S. economy has exceeded expectations to achieve a strong, broad-based recovery, and current improvements in business dynamism, workforce engagement and investment could pave the way for durable longer-term growth, the White House said on Thursday.

LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday.

Both stock and bond markets experienced declines, as the US dollar saw an uptick on Tuesday, following the release of a less-than-favorable US consumer price index (CPI).

Inflation swaps won again, with yesterday’s CPI report coming in at 3.1% y/y versus the median analysts’ estimates for 2.9%, while inflation swaps were looking at 3%.

Afghanistan all-rounder Mohammed Nabi on Wednesday became the oldest player to headline the ICC ODI all-rounders' list, ending Shakib Al Hasan's long reign at the top. There is little to no change at the top of the Test rankings with India's Jasprit Bumrah firmly perched at the top of the bowlers' list. India's Ravindra Jadeja, who is set to return in the third Test against England beginning Thursday, still led the way comprehensively in Test all-rounders' rankings. Nabi reached the No.1 spot following his 136 during the opening match of Afghanistan's three-match ODI series against Sri Lanka, while the 39-year-old also picked up a wicket in the same contest to gain one place and move to seventh on the latest rankings for ODI bowlers.

Kanye West, known for his boundary-pushing creativity in both music and fashion, made headlines yet again with his unorthodox Super Bowl LVIII commercial promoting his Yeezy fashion line. Opting for a stripped-down approach, West's 30-second spot, reportedly costing nearly $7 million, stood out amidst the glitz and glamour typically associated with Super Bowl commercials.

Investing.com -- Headline annual U.S. inflation decelerated to 3.1% in January, but was faster than economists' projections, in a key economic release that could impact how Federal Reserve officials view the timing of potential interest rate cuts.

In the dynamic world of cryptocurrency, a new contender is making headlines with its potential to outperform Polygon (MATIC) significantly. This alternative, starting at just $0.01, is on the radar of investors and analysts alike, with projections setting its sights on a monumental climb to $12 by 2024. Amidst the crowded digital currency market, this emerging token stands out for its innovative technology, promising utility, and strategic roadmap that could not only rival but potentially eclipse the success of established players like Polygon. As we delve into its ecosystem, tokenomics, and future plans, it’s clear why this cryptocurrency is considered a game-changer, attracting attention from all corners of the investment world.

Investing.com -- U.S. stock futures pointed to a lower open on Wall Street as investors await a much-anticipated January reading of U.S. inflation later Tuesday that could factor into how the Federal Reserve approaches future interest rate decisions. Elsewhere, Coca-Cola and Shopify are set to unveil their latest quarterly results, while the price of Bitcoin crests $50,000.

US equity futures slumped before the release of keenly awaited inflation data that could set the stage for the timing of the Federal Reserve move to interest-rate cuts. Treasuries and the dollar were steady.

In the dynamic world of cryptocurrencies, a new challenger is making headlines, signaling a potential shift in the market hierarchy. The project, emerging as a formidable competitor to Cardano (ADA), is currently priced at a mere $0.01 but is on track to reach the coveted $1 mark ahead of ADA. This development has captivated investors and enthusiasts alike, positioning the coin not just as another digital asset, but as a strategic investment with the promise of substantial returns. With its innovative technology and strong community support, this Cardano rival is redefining expectations and setting the stage for a new era in the cryptocurrency space.

Calcutta High Court on Tuesday set aside the promulgation of prohibitory orders under Section 144 of CrPC at Sandeshkhali, which has been witnessing protests over the last one week. A petition was filed by two residents of Sandeshkhali seeking a direction from the court for lifting the prohibitory orders in the area. Justice Jay Sengupta set aside the promulgation of Section 144 of CrPC by the district administration at Sandeshkhali in West Bengal's North 24 Parganas, holding that the manner in which it was done was not right. Petitioner's counsel Bikash Ranjan Bhattacharya claimed that the foundation of promulgation of the prohibitory orders in Sandeshkhali was not there and that it was done to curtail the rights of people to protest.