Economy Archives - Page 244 of 364

Economy

December 19, 2024 11:46 AM

Fed lowers rates but sees fewer cuts next year due to stubbornly high inflation

The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers ...

December 19, 2024 12:20 PM

Sensex, Nifty plunge after US Fed signals fewer rate cuts for 2025

India's benchmark indices opened sharply lower on Thursday, mirroring a global sell-off after the US Federal Reserve signaled fewer rate cuts for 2025. The Nifty 50 index plunged 1.33%, shedding 321 points to open at 23,877.15, while the BSE Sensex ...

December 18, 2024 5:31 PM

Sensex, Nifty end lower ahead of US Fed rate decision

India’s benchmark indices declined on Wednesday as cautious investor sentiment prevailed ahead of the US Federal Reserve’s policy decision later in the day. The Sensex dropped 502.25 points, or 0.62 percent, to close at 80,182.20, while the Nift...

December 18, 2024 4:19 PM

Tourism and hospitality sector to create over 61 lakh jobs by 2036-37: CII-EY report

India's tourism and hospitality sector is poised for a significant expansion, with an additional 61.31 lakh workers required by 2036-37 to meet the rising demand, as per a report by the Confederation of Indian Industry (CII) and EY. The whitepaper, ...

December 18, 2024 1:06 PM

Fed expected to combine interest rate cut with hawkish 2025 outlook

The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of th...

December 18, 2024 10:20 AM

Indian stock market opens flat ahead of US Fed rate decision

The Indian stock market opened flat on Wednesday as investors await the US Federal Reserve's interest rate decision. At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,...

December 17, 2024 4:38 PM

Market Jitters: Indian Shares Tumble Ahead of Global Rate Decisions

Indian stocks closed sharply lower on Tuesday, dragged down by selling across major sectors including PSU banks, auto, IT, financial services, pharma, FMCG, metal, and realty. The decline comes as investors brace for crucial policy decisions from glo...

December 17, 2024 1:28 PM

Sensex, Nifty decline as trade deficit, weak exports weigh on investor sentiment

Indian stock markets opened lower on Tuesday as weak export data and a record-high trade deficit in November dampened investor sentiment. The Nifty slipped 0.3% to 24,599 points as of 09:20 a.m, while the Sensex fell 0.3% to 81,492.02. Market exper...

December 17, 2024 10:17 AM

OPEC fund approves $1 billion in development financing for global projects

The OPEC Fund for International Development has approved nearly $1 billion in new development financing during the final quarter of 2024, with the latest round of approvals coming from its 190th Governing Board meeting held in Vienna. The financing ...

December 16, 2024 9:33 PM

India’s total exports rise to $67.8 billion in November

India's total exports, including merchandise and services, reached $67.79 billion in November 2024, reflecting a 9.59 percent growth compared to November 2023, according to the Ministry of Commerce and Industry. Merchandise exports during April-Nove...

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