Progressive Financial News
16.11 / 17:17
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Coronavirus
pandemic
Fed's Cook says economic risks two-sided, 'soft landing' possible
SAN FRANCISCO (Reuters) — The U.S. central bank must steer between the risk of doing too little and taking the fight against inflation too far, Federal Reserve Governor Lisa Cook said on Thursday, a task made particularly delicate because other global central banks have also tightened monetary policy quickly over the past couple of years.
16.11 / 16:13
Target
FIVE
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Inflation print, US Fed stance: Key factors behind RBI's hawkish pause on interest rates
Bank of India (RBI) at its October bi-monthly monetary policy committee (MPC) meeting, kept the benchmark repo rate unchanged at 6.5 per cent for the fourth straight meeting in the current fiscal 2023-24. The rate-setting panel also decided to remain focused on withdrawal of accommodation - with five out of six members voting in favor, to ensure that India's headline inflation progressively aligns to the target, while supporting growth.
16.11 / 14:59
Citi
Target
Progressive
Action
economy
country
innovations
India undertaking largest planned urbanisation programme in world: Minister Puri
India is undertaking the largest planned urbanisation programme in the world, Union minister Hardeep Singh Puri said on Thursday. The total investments for urban development since 2014 have risen 10 folds to more than Rs 18 lakh crore in comparison to the previous 10-year period, the Union housing and urban affairs minister said at the launch of CITIIS 2.0 — the City Investments To Innovate, Integrate and Sustain challenge.
16.11 / 11:38
Provident
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Only BJP can make India a self-reliant, global superpower: Nitin Gadkari tells poll-bound Rajasthan
JAIPUR : Union Minister Nitin Gadkari said here on Thursday that only the BJP can fulfil the dream of making the country a global superpower. He was addressing a meeting in Jaipur's Jhotwara in support of the party candidate Rajyavardhan Singh Rathore. Gadkari said, "The country has to be made a superpower.
16.11 / 09:49
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From spy balloons to chocolates: Chinese propaganda frames Xi Jinping's US pivot
Xi Jinping blamed it for challenges faced by China's economy, complaining of «all-round containment». Then on Wednesday, U.S. and Xi agreed to open a presidential hotline, resume military-to-military communications and work to curb fentanyl production, showing tangible progress in their first face-to-face talks in a year at a summit in California. While key issues like U.S.
16.11 / 07:03
IPO
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Gap
Experts
band
consequences
Bull vs bear: Sensex, Nifty 50 extend rally. Is Indian stock market getting ready for a fresh bull trend?
Bull vs bear: Indian stock market extended its rally for second straight session on Thursday. In opening bell today, Nifty 50 index opened flat at 19,674 levels and went on to hit intraday high of 19,781 levels, logging 338 points rally in two straight sessions. Sensex today opened at 65,665 and went on to hit intraday high of 66,054 levels, ascending 1,121 points in two days.
16.11 / 06:09
Cooper
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President
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Biden promises a better economic relationship with Asia, but he's specifically avoiding a trade deal
President Joe Biden is nurturing economic ties this week with Asia
16.11 / 03:55
15.11 / 23:13
Progressive
Manufacturing
track
exclusive
A2 Milk boss says China formula market in steep decline
A2 Milk Co boss David Bortolussi has warned that China’s infant formula market is in a steep decline and will be a more challenging place to do business this year.
15.11 / 19:49
Progressive
Software
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President
Patterson
Adeel Mangi: Who is the first Muslim American judge that US Prez Biden is nominating on a federal appeals court
Nominee's Background: Adeel A. Mangi, currently a partner at the law firm Patterson Belknap Webb & Tyler LLP, has an extensive legal background.
15.11 / 18:33
Booking
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Wait for biz loan pickup could get longer on limited capex
Bank of India (RBI). Bank credit to large industries showed a growth of 6.1% in the same period. Although the merger of erstwhile Housing Development Finance Corp.
15.11 / 17:29
15.11 / 17:09
Blockchain
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Web3 Firm Infura Recruits Microsoft, Tencent, and Others To Build Decentralized Infrastructure Network
Microsoft, Tencent, and 16 other Web2 companies have partnered with blockchain software company Consensys, with the goal of decentralizing the Infura network.
15.11 / 16:49
Cooper
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What to expect when Joe Biden meets Xi Jinping ahead of APEC in San Francisco
SAN FRANCISCO : US President Joe Biden and Chinese President Xi Jinping will meet on Wednesday before a summit of the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, seeking to reduce friction in what many see as the world's most dangerous rivalry. The leaders of the world's two largest economies have known each other for over a decade and have shared hours of conversation in six interactions since Biden's January 2021 inauguration.
15.11 / 16:29
Progressive
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Software
Tesla
Nov
innovations
Renault says combining electric cars and software in one company will 'democratize' EVs for Europe
Automaker Renault is setting out ambitious goals for its new combined electric vehicle and software business, saying it will “democratize” the market for battery-powered cars in Europe by making them as affordable as gasoline- or diesel-powered models ...
15.11 / 16:23
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country
information
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Oil falls on high US production, despite strong demand signals
Oil prices dipped on Wednesday due to expectations of an increase in U.S. crude stocks amid record high output in the world's biggest producer and despite positive demand signs from top consumer China. Brent futures were down 69 cents to $81.78 a barrel at 1346 GMT, while U.S.
15.11 / 15:10
Twitter
Man
Progressive
social
reports
‘I’ll be last man standing': says Ashneer Grover amid EOW probe in BharatPe case
BharatPe’ , Sequoia (oh sorry they already wrapped up in India), 2 takke ke anpadh press vaale and ‘Twitter’ judges are gone! Mark my words!! (sic)," Grover said on X, formerly known as Twitter. Grover was expelled as the managing director of BharatPe in March 2022, after being accused by the company's board of extensive misappropriation of funds through his family members.
15.11 / 15:10
Progressive
Waters
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Inside
Department
medicines
Uttarkashi tunnel collapse: Protests break out as falling debris hinders rescue of workers, bigger machine flown in
Uttarkashi. Since Sunday morning, the debris is being removed from the site to create an escape tunnel for the workers. Officials have “contacted the Thai company which rescued the children trapped in the cave," the Uttarakhand government's department of public relations said in a statement.
15.11 / 12:09
Cooper
Progressive
pandemic
President
reports
travelers
Department
Biden aims for improved military relations with China when he meets with Xi
President Joe Biden and Chinese President Xi Jinping are expected to agree to restore some military-to-military communications between their armed forces
15.11 / 10:59
15.11 / 09:01
Cooper
Progressive
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President
country
innovations
Department
India and US launch 'Innovation Handshake' to deepen bilateral tech ties
Raimondo and Union Minister of Commerce and Industry Piyush Goyal have led an industry roundtable to officially launch the two ambitious "Innovation Handshake" agenda, which was previewed by US President Joe Biden and Prime Minister Narendra Modi in June. At the event, co-hosted by the US-India Business Council and the Confederation of Indian Industry on Tuesday, CEOs from major ICT companies, executives from venture capital firms, and founders of startups in the critical and emerging technology space discussed how to enhance US-India technology collaboration.
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