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An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices

U.S. government bond yields ended September with their biggest quarterly rises in a year, disappointing fund managers who were hoping for relief from the historic losses bonds suffered in 2022, when the U.S.

China's factory activity expanded for the first time in six months in September, an official factory survey showed on Saturday, adding to a run of indicators suggesting the world's second-largest economy has begun to stabilise. The official purchasing managers' index (PMI) rose to 50.2 in September from 49.7, according to the National Bureau of Statistics, edging above the 50-point level demarcating contraction from expansion. The reading beat a forecast of 50.0. Beijing is seeking to get its economy back on track as it grapples with a property sector debt crisis that has rattled global markets.

here.Asian Games 2023 LIVE Updates: With his powerful performance Jeswin Aldrin made place in the men's long jump final. He will compete with Murali Sreeshankar for India in the event.

Narendra Modi has extended wishes to Kiran Baliyan who rewrote history by becoming the first woman athlete to win a medal in shot put after 72 years. Kiran clinched a bronze medal in the women's shot put winning the first track and field honour for the country at the Asian Games 2023.

Travel firms and operators are pushing for deferment as the October 1 deadline looms for 20% tax collected at source (TCS) on spending above Rs 7 lakh on overseas tours, citing a lack of proper mechanism to monitor spending across multiple sources. Companies and industry bodies have approached the government, suggesting that the banking system should shoulder the responsibility for tracking these expenses rather than travel operators. «Currently, the RBI (Reserve Bank of India) and banks are not equipped to track the spending limits above Rs 7 lakh per traveller and there is no mechanism to track the same,» Travel Agents Association of India (TAAI) president Jyoti Mayal wrote in a letter to the finance ministry this week. The association requested for deferment of the new rules and the creation of a mechanism for «effective» monitoring of spending without loopholes.

The Fed’s “soft landing” hopes are likely overly optimistic. Such was the context of our recent report, which discussed the long record of the Fed’s economic growth projections. To wit:

Yields on 30-year Treasuries are on track for their largest quarterly jump since 2009, stoking anxiety that the bond rout of the past few months could reverberate across financial markets.

Canada’s top banking regulator is increasing scrutiny on how the country’s largest financial institutions are managing their commercial real estate portfolios amid rising interest rates that are creating vulnerabilities in the sector.

Canada’s gross domestic product was flat for July, matching Statistics Canada’s early estimate but falling short of analysts’ expectations of 0.1 per cent growth.

An inflation gauge closely tracked by the Federal Reserve rose in August, boosted mainly by higher gas prices

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Digital Transformation Through 5G Ecosystem", the Telecom Regulatory Authority of India (Trai) has identified emerging technologies like drones, the internet of things, and metaverse, among others, that can boost 5G utilisation and later on 6G. «The authority has come out with consultation paper on suo-moto basis to identify the policy challenges and suggest the right policy framework for faster adoption and effective utilisation of new technologies for the holistic and sustainable development of economy driven by 5G ecosystem,» the regulator said.

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₹159.54 trillion at the end of Q1 FY24 from ₹156.09 trillion at the end of Q4 FY23. The Indian government’s fiscal deficit during the first five months of the current financial year stood at ₹6.43 trillion, or 36% of the annual estimates of ₹17.87 trillion, according to the data released by the Controller General of Accounts on Friday.

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Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Tata Power's takeover of distribution companies in Odisha and the subsequent improvement in its operations, underpinned by declining electricity losses, have strengthened its business profile, the ratings agency said in the report.

It seemed like nothing could stop the 2023 market rally. Then the third quarter arrived. Yields on longer-term government bonds soared, blunting the advance of a stock market powered by richly valued technology shares.

US consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, gained 0.4% last month, the Commerce Department reported on Friday. Data for July was revised higher to show spending increasing 0.9% instead of the previously reported 0.8%.

By Padraic Halpin and Max A. Cherney

New Zealand skipper Kane Williamson will miss the opening match of his team in the ICC ODI World Cup 2023 against England as he continues to recover from knee surgery, New Zealand Cricket (NZC) announced the batter's availability update on Friday. Williamson was named in Blackcap's 15-member squad for the World Cup after returning from a six-month layoff. The New Zealand skipper will play the role of specialist batter in a warm-up match against Pakistan on Friday in Hyderabad with the aim of batting and fielding in their second and last warm-up against South Africa in Trivandrum on Monday.