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Canada’s holiday sales period got underway in November with a 0.2 per cent decline in retail sales led by falling purchases at food and beverage retailers.

Let’s talk about the rising tennis star Jannik Sinner. Serious tennis fans are already gaga for Sinner, the 22-year-old from Italy who’s soared to World No. 4, but I don’t think casual sports observers have gotten there yet.

Investing.com-- Japanese consumer inflation eased as expected in December, furthering bets that the Bank of Japan will keep its ultra-dovish policy largely unchanged when it meets in the coming week.

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Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. «When inflation is still above 5.5%, rather close to 6%, our monetary policy has to remain actively disinflationary and it would be too premature to talk in terms of a pivot in our monetary policy,» Das said in an interview with Reuters. He however acknowledged the recent fall in core inflation, which strips out volatile food and fuel prices, and said it gives them the satisfaction that monetary policy is working but the target for the monetary policy committee remains the headline number. The apex bank chief said the global geo-political situation remains volatile and could impact economies around the world with food inflation particularly vulnerable to spikes on the back of disruption in global supply chains and other risks. Das said he expects January inflation to moderate and the trend has been moderating but unless inflation reaches 4% on a durable basis, the bank cannot get lulled into a complacency or think of changing its policy focus. Annual retail inflation rose 5.69% in December, the fastest pace in four months but core inflation dropped to a four-year low of 3.8% from around 4.1% in November. Das, whose term is ends in December, would be the longest serving RBI governor since the 1991 liberalisation. He has led the world's fifth largest economy since 2018, keeping inflation and the currency relatively stable through successive shocks including the failure of a large non-bank lender, Covid-19 and the Ukraine war. He reiterated that the RBI intervenes in the exchange rate market only to prevent undue

The sharp drop in the New York Federal Reserve’s Empire State business-conditions index in January triggered a wave of warnings.

Canada’s annualized rate of inflation jumped to 3.4 per cent in December, a reacceleration that was widely anticipated by economists but that will likely leave the Bank of Canada in no rush to cut interest rates.

In a new paper, the Niti Aayog said an estimated 248 million Indians exited ‘multidimensional poverty’ (MDP) in the nine-year period of 2013-14 and 2022-23. Prime Minister Narendra Modi has already used the data to suggest a reduction in ‘poverty’ during his tenure. Mint explains how to read it.

LONDON — U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December, fueled by a rise in alcohol and tobacco prices.

OTTAWA (Reuters) — Canada's annual inflation rate rose to 3.4% in December from 3.1% in November, data showed on Tuesday, a sign of stubborn inflation ahead of next week's interest rate decision.

Eagerly anticipated inflation numbers for December — described by one economist as “the main event” this week — will be released by Statistics Canada on Jan. 16. After a series of unprecedented rate increases that peaked in July at five per cent, the Bank of Canada indicated it has likely hiked rates enough to tame inflation with markets now expecting cuts as soon as the second quarter of this year, with the consumer price index data supplying a critical piece to the puzzle.

Also Read: China may be losing its sway over Taiwanese business The deliberations underscore efforts by President Xi Jinping’s government to shift spending responsibility from debt-laden local officials to central authorities in support of an economy that is struggling to maintain momentum. Rigid deflationary pressures, the ongoing property crisis and weak domestic demand are all weighing on activity and suppressing confidence, prompting calls among economists and investors for further stimulus.

Ukrainian President Volodymyr Zelenskyy is headlining a frenzied first full day of the World Economic Forum’s annual meeting in the Swiss ski resort of Davos

Japanese brokerage firm reiterated its earlier view of rate cuts being expected from August onwards, and pegged the quantum of cuts at 1 percentage point. "We expect 1 per cent of rate cuts cumulatively starting August, with a change of stance to 'neutral' in Q2, with risks skewed towards earlier easing," PTI quoted Nomura analysts as saying.

Hyundai Motor is set to invest a substantial amount of Rs 7,000 crore to revamp its recently acquired second plant in India. The automotive giant successfully acquired the dormant factory from General Motors Co., marking a significant development in the Indian automotive landscape. The investment agreement is poised to be officially signed at the annual World Economic Forum summit in Davos, Switzerland.

On a month-on-month basis, the pace of redemptions spiked by 48.9% to reach Rs 38,900 crore in December taking net inflows to Rs 17,700 crore during the month. It was a marginal uptick from Rs 16,900 crore in November 2023. Notwithstanding the trend, the domestic MFs’ equity asset under management (AUM) rose for the 10th consecutive year to reach Rs 23.8 lakh crore, which was up 43% YoY in CY23.

By Makiko Yamazaki, Brigid Riley and Anton Bridge

The 10-year benchmark bond yield was at 7.1350% as of 10:00 a.m. IST, following its previous close of 7.1791%.

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Kyndryl, Godaddy, Home Depot, and Ciena; downgrades for Yum! Brands.

RBI, said Neeraj Gambhir, head-treasury and markets at Axis Bank. In an interview with Bhaskar Dutta, he said the rupee may appreciate a bit but the central bank may intervene with competitiveness in mind. Edited excerpts: The domestic narrative is not how much more the RBI will raise rates but when the rate cuts will start. Which camp are you in? What is creating the problem is the volatility in food prices and some of the other commodities.

Following the resignation of Congress leader Milind Deora, Maharashtra Chief Minister Eknath Shinde on Sunday said that if he joins the Shiv Sena faction-led by him, the party will welcome him.