Economy

Economy News

India inflation may remain elevated despite July dip – analysts

MUMBAI (Reuters) – India’s headline retail inflation that eased for the third straight month in July is expected to remain above the central bank’s upper tolerance range in the near.

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Modi says India aims to become developed nation in 25 years

By Manoj Kumar NEW DELHI (Reuters) – India will aim to become a developed nation within 25 years, Prime Minister Narendra Modi said in a national day address on Monday,.

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Business Economy News

Chinese developers in ‘survival mode’ slashes property investment

BEIJING (Reuters) -Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is.

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Thai Q2 GDP notches fastest growth in a year on eased pandemic curbs

By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy expanded at the fastest pace in a year in the second quarter as eased COVID-19 restrictions boosted activity and.

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Australia Westpac’s bad debt falls, set to weather property downturn

(Reuters) – Westpac Banking (NYSE:WBK) Corp, Australia’s third-largest mortgage lender, said on Monday its bad debt fell to a multi-year low in the June quarter, setting up a financial buffer as the.

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Economy News

Malaysia ex-PM Najib begins final bid to set aside 1MDB conviction

By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysian former Prime Minister Najib Razak starts his final attempt on Monday to set aside his conviction in a corruption case linked to.

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Economy News

TSX closes above 20,000 for first time in two months

By Fergal Smith (Reuters) – Canada’s main stock index rose on Friday, extending the week’s gains, as investors cheered signs of easing inflation pressures and two major telecom companies made.

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Economy News

Stronger dollar down for the week as clues point to inflation peak

U.S. import prices declined for the first time in seven months in July on lower costs for both fuel and non-fuel products, data showed on Friday, in the third report.

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Economy News

When Will World Shift to Rate Cuts? More Investors Say 2024 or Later

(Bloomberg) — More investors are pushing back expectations for when global central banks might pivot to policy easing following the current tightening cycle, even as confidence grows that inflation has.

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Economy News

Trade deficit almost triples to record $30 billion on oil imports

Exports rise 2.1% in July while imports surge 43.6% Trade deficit almost tripled to a record $30 billion in July from a year before, as a surge in imports, driven.

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