The United States and China have agreed to hold “intensive exchanges on balanced growth”, the US Treasury Department said in a statement, after two days of talks between Treasury Secretary Janet Yellen and her Chinese counterpart He Lifeng in Guangzhou. Issued on: 06/04/2024 – 10:01 3 min The planned talks mark the latest step forward …
Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to do so until it sees “more good inflation readings” and is more confident that annual price increases are falling toward its 2 per cent …
India presents an attractive opportunity for investors seeking high growth potential in a volatile global environment. Yet, people need to carefully consider the following factors before making investment decisions. Growth and potential: India’s economic growth story is compelling. Its GDP has grown at a steady more than 7% in US dollar terms, outpacing most countries. …
Despite facing serious labour shortages, the French government passed a more restrictive immigration bill this week after watering down measures that would have streamlined the legalisation of foreign workers. But some of the law’s new provisions may still offer a glimmer of hope for the country’s hundreds of thousands of undocumented migrants. Until it became …
The choice by the RBI to keep the repo rate seems grounded in two crucial factors: Managing Inflation: The easing of inflationary pressures indicates a movement toward the RBI’s target range of 2-6 per cent. This implies that the existing monetary policy stance is proving effective in curbing inflation. Vigorous economic expansion: The initial six …
The Indian economy kept its momentum, growing nearly a percentage point higher than expected at 7.6% in the second quarter, buoyed by the manufacturing and construction sector, with experts suggesting an upside to the full-year number. “Given the higher than forecast outcome for Q2, we are revising our FY2024 growth forecast to 6.2% from 6.0%,” …