Economy

Economy News

Current Account Deficit May Hit 3-Year High In 2021-22: Report

Country’s current account deficit is likely to hit a three-year high of 1.8 per cent or $43.81 billion in 2021-22 Mumbai:  Country’s current account deficit (CAD) is likely to hit.

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India’s retail inflation likely slipped only modestly in May – Reuters poll

By Arsh Tushar Mogre BENGALURU (Reuters) – India’s retail inflation likely slipped modestly in May, but stayed well above the Reserve Bank of India’s upper tolerance limit for a fifth.

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Japan business community seeks further relaxation of border controls

TOKYO (Reuters) – Japan’s business community issued a joint statement on Friday seeking further relaxation of border controls, as the country begins a gradual easing of COVID-19 travel restrictions. The.

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U.S. banks finally see upturn in credit-card borrowing

By David Henry NEW YORK (Reuters) – Big U.S. banks including JPMorgan Chase & Co (NYSE:JPM) and Citigroup (NYSE:C) appear set for some earnings boost from a pick-up in the battered credit-card.

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Deutsche Bank expects two 50 bps ECB rate hikes this year

LONDON (Reuters) – Deutsche Bank (ETR:DBKGn) says it now expects the European Central Bank to deliver two hefty 50 basis point rate hikes this year after kicking of a tightening cycle with.

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Economy News

IMF Welcomes India’s Decision To Relax Ban On Wheat Exports

The IMF has welcomed India’s recent decision to relax its originally announced ban on wheat exports and allow some shipments to proceed. Washington:  The IMF has said that it is.

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Country’s Fundamentals Strong Due To Government Measures: Finance Minister

Finance Minister Nirmala Sitharaman on Wednesday said that country’s fundamentals are sound again due to various measures taken by Centre since 2014 Finance Minister Nirmala Sitharaman on Wednesday said that.

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Economy News

Efforts On To Check Inflation And Push Growth, Says Top Official

Monetary and fiscal authorities are taking steps to moderate inflation and push growth, Economic Affairs Secretary Ajay Seth said New Delhi:  Monetary and fiscal authorities are taking steps to moderate.

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COVID vaccine rights waiver within reach, WTO chief says ahead of meeting

By Emma Farge GENEVA (Reuters) -An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of.

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Economy News

Traders price in 75 bps of ECB rate hikes by September

(Corrects paragraph 9 to say spread rose above 220 bps earlier this week, not on Tuesday) By Yoruk Bahceli (Reuters) – Money markets ramped up their bets on European Central.

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