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Bloomberg

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Federal Reserve officials may to go for another pause after surge in yields

Investors currently see little chance of a rate hike at the October 31-November 1 meeting, and are assigning less-than-even odds to any additional tightening in 2023

Federal Reserve officials may to go for another pause after surge in yields
Updated On : 10 Oct 2023 | 11:40 PM IST

Indian economy needs 8% growth to topple China as global driver: Barclays

The South Asian nation should focus investment in areas like mining, utilities, transport and storage - sectors that have stronger spillover effects on the broader economy, said Barclays economist

Indian economy needs 8% growth to topple China as global driver: Barclays
Updated On : 10 Oct 2023 | 11:16 PM IST

IMF warns of stubborn inflation and weaker global growth in the coming year

In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025

IMF warns of stubborn inflation and weaker global growth in the coming year
Updated On : 10 Oct 2023 | 2:34 PM IST

Israel builds up forces near Gaza for next phase of conflict with Hamas

The last major Israeli incursion into Gaza was in 2014. It lasted seven weeks and led to the killing of more than 2,000 Palestinians and dozens of Israelis

Israel builds up forces near Gaza for next phase of conflict with Hamas
Updated On : 10 Oct 2023 | 2:21 PM IST

Adani's $3.5 bn Ambuja loan moves ahead after some banks get approval

The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc

Adani's $3.5 bn Ambuja loan moves ahead after some banks get approval
Updated On : 10 Oct 2023 | 2:19 PM IST

Hamas outmaneuvered Israel's surveillance prowess by simply going dark

The militant group's attack on Saturday caught Israel's national security apparatus completely off guard - a shocking fact given the scope of the incursion

Hamas outmaneuvered Israel's surveillance prowess by simply going dark
Updated On : 10 Oct 2023 | 10:27 AM IST

Israel-Hamas conflict was a test for Elon Musk's X, and it failed

"It's now almost impossible to tell what's a fact, what's a rumor, what's a conspiracy theory, and what's trolling," Rothschild said

Israel-Hamas conflict was a test for Elon Musk's X, and it failed
Updated On : 10 Oct 2023 | 10:09 AM IST

Xi Jinping's reaction to Hamas attack exposes China's limits as peacemaker

After Hamas launched a shock incursion into Israel, killing hundreds, China's Foreign Ministry reiterated a call for an independent Palestinian state while making no mention of the attacks

Xi Jinping's reaction to Hamas attack exposes China's limits as peacemaker
Updated On : 10 Oct 2023 | 8:44 AM IST

China's Country Garden signals default, hires advisers as sales plunge

Country Garden, which has become a symbol of China's property debt crisis, said that it had not made a due payment in the amount of HK$470 million ($60 million) under certain of its indebtedness

China's Country Garden signals default, hires advisers as sales plunge
Updated On : 10 Oct 2023 | 8:39 AM IST

India GDP: Cricket World Cup economic boost is threatened by taxes

An additional $2.6 billion spent on everything from ticket sales and TV rights to tourism and food delivery may lift India's GDP by as much as $1 billion, they say

India GDP: Cricket World Cup economic boost is threatened by taxes
Updated On : 10 Oct 2023 | 7:03 AM IST

US planning crackdown on Russian G7 oil sanctions evasion, says Yellen

Yellen said the recent surge in bond yields has not created dysfunction in US financial markets

US planning crackdown on Russian G7 oil sanctions evasion, says Yellen
Updated On : 10 Oct 2023 | 12:17 AM IST

Claudia Goldin wins the Economics Nobel for work on gender pay gap

The economic sciences award was added by Sweden's central bank in 1968, called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel

Claudia Goldin wins the Economics Nobel for work on gender pay gap
Updated On : 09 Oct 2023 | 11:35 PM IST

Govt to scale back on investment as it curbs budget deficit: Goldman Sachs

This move will give the private sector scope to pick up the slack in the coming years

Govt to scale back on investment as it curbs budget deficit: Goldman Sachs
Updated On : 09 Oct 2023 | 11:23 PM IST

Hinduja Group in talks with private debt funds to raise around $800 million

India has become a hotbead for private credit activity, in part because regulation forbids local banks from extending loans for mergers and acquisitions

Hinduja Group in talks with private debt funds to raise around $800 million
Updated On : 09 Oct 2023 | 10:12 PM IST

Govt demands e-scooter makers return $60 mn aid for using China parts

It turned out that some manufacturers were importing ready-to-use parts, mainly from China, and thus had little control over the quality of their end products

Govt demands e-scooter makers return $60 mn aid for using China parts
Updated On : 09 Oct 2023 | 4:43 PM IST

Cricket fans lash out at BCCI over World Cup ticket chaos, shoddy planning

Earlier, the BCCI also made a last minute schedule change to the same game to accommodate the festival of Navratri, prompting further outcry by spectators who had already made travel plans

Cricket fans lash out at BCCI over World Cup ticket chaos, shoddy planning
Updated On : 09 Oct 2023 | 12:52 PM IST

Oil prices soar as Hamas' attack on Israel fans Middle East tensions

West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day

Oil prices soar as Hamas' attack on Israel fans Middle East tensions
Updated On : 09 Oct 2023 | 7:49 AM IST

As Israel-Hamas war escalates, crude oil traders are focused on Iran

The energy minister of the United Arab Emirates, a key OPEC member, was clear on Sunday that the conflict wouldn't affect the group's decision-making

As Israel-Hamas war escalates, crude oil traders are focused on Iran
Updated On : 08 Oct 2023 | 11:28 PM IST

Philippines raises $1.3 billion from sale of retail dollar bonds

The government sold its maiden retail dollar bonds in October 2021, when it raised $1.6 billion

Philippines raises $1.3 billion from sale of retail dollar bonds
Updated On : 08 Oct 2023 | 10:51 PM IST

Aramco, Siemens to sign pilot project for carbon capture and storage

Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency

Aramco, Siemens to sign pilot project for carbon capture and storage
Updated On : 08 Oct 2023 | 10:41 PM IST