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1 min read
Bangladesh's inflation spikes to 12-year high to 11.66% in July, amid widespread anti-quota protests
The previous high of the general inflation rate was 9.94% last May, the report said. July was marke…
PTI
1 min read
India actively taking steps to become global manufacturing centre: Lazard report
It further noted that in his two terms in power, Prime Minister Narendra Modi has stabilised the ec…
ANI
2 mins read
Global investments in Indian government bonds firm, attributable to JPMorgan index inclusion
Overseas investments into India's sovereign bonds (or G-Secs) were firm last week with an inflow of…
ANI
3 mins read
India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report
This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…
ANI
3 mins read
Modi 3.0 will offer policy continuity, but BJP's loss of outright majority may slow down fiscal reforms: Moody's
This victory indicates continuity in policy, particularly in infrastructure spending and boosting d…
ANI
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
2 mins read
Student-loan borrowers just got 2 extra months to benefit from a temporary debt relief reform
Student-loan borrowers now have until June 30 to consolidate their loans and get the one-time accou…
Ayelet Sheffey
3 mins read
BJP's narrow majority could shift focus to rural spending, increased private investments: Bernstein report
The recent election results have delivered a surprise verdict, with the ruling Bharatiya Janata Par…
ANI
3 mins read
Bloodbath in Indian stocks as trends show below par show by BJP-led NDA; Sensex slumps over 4,000 points
Indian stock indices witnessed a bloodbath on the day the Lok Sabha results are being announced, wh…
ANI
1 min read
China is heading for a 'lost decade' if it doesn't reform and grow, an analyst says
China now faces multiple challenges including a property crisis, deflationary pressure, a demograph…
Huileng Tan
1 min read
ADB approves $400 mn loan to support govt's urban reform agenda
The Asian Development Bank (ADB) has approved a USD 400 million loan to support the Indian governme…
PTI
1 min read
Argentina devalues the peso by 54% as it kicks off radical economic reform plan
President Milei is rolling out shock measures for the economy, including cratering the value of the…
Phil Rosen
1 min read
Avoiding a US debt crisis is 'economically easy,' but politics stands in the way of urgent reform, research firm says
"Rising debt levels would, at some point, increase inflation and interest rates as well as depress …
Filip De Mott
2 mins read
Rupee rises 8 paise as government hints at faster fiscal consolidation
The rupee appreciated by 8 paise to close at 82.96 against the US dollar on Thursday after the gove…
PTI
2 mins read
Some student-loan borrowers 'will see their loans wiped out' under Biden's repayment reforms, AOC says — and more Democrats should be talking about it
Rep. Alexandria Ocasio-Cortez told NBC that Democrats need to "do more" to promote Biden's accompli…
Ayelet Sheffey
1 min read
Rep. James Comer on GOP priority for House oversight: 'We view Hunter Biden as a national security risk'
Rep. James Comer, who would be favored to chair the House Oversight and Reform Committee if Republi…
Nicole Gaudiano
4 mins read
Russian failures in Ukraine are forcing Moscow to give up on one of the biggest Putin-era military reforms
Russia has spent 15 years building lean, agile battalion-size units that ended up being wholly unsu…
Michael Peck
1 min read
Moody's warns government shutdown would be negative for US debt rating as it would highlight weak governance
A government shutdown would make clear how political polarization has weakened US fiscal policymaki…
Filip De Mott
5 mins read
Student-loan borrowers' biggest defender in the government is in jeopardy
The Supreme Court is about to take on a case challenging the funding structure of the CFPB. The sta…
Ayelet Sheffey
3 mins read
Dalal Street set to jump 14% in 2024 as it bets on a majority government, says Morgan Stanley
According to Morgan Stanley, the market is likely to price in continuity and a majority government,…