Economy Archives - Page 286 of 313

Economy

May 3, 2024 5:29 PM

Sensex, Nifty decline amid selling pressure on large caps

The BSE Sensex and Nifty fell on Friday as selling pressure in index heavyweights after the Nifty hit a record high dragged the indices into negative territory. Additionally, market sentiment was dampened by rumors circulating about potential tax ch...

May 3, 2024 4:03 PM

India, Netherlands hold foreign office consultations, agree to further strengthen bilateral ties

India and the Netherlands held the 12th round of foreign office consultations (FOC) in The Hague on Thursday, agreeing to further strengthen bilateral ties by focusing on new and emerging technologies like semiconductors and green hydrogen. The Indi...

May 3, 2024 10:44 AM

Asian stocks surge on tech boost; yen extends gains to cap wild week

Asian stocks rallied on Friday after Apple's record $110 billion share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo. With markets i...

May 3, 2024 11:03 AM

South Korea to slap fines on food suppliers for ‘shrinkflation’

South Korea's antitrust regulator said on Friday food makers and suppliers will be required to notify shoppers if they reduce the size of their products or face fines of up to 10 million won ($7,300). The Fair Trade Commission (FTC) said it has desi...

May 2, 2024 11:09 PM

India and New Zealand hold 11th Joint Trade Committee meeting to strengthen trade relations

India and New Zealand concluded the 11th Joint Trade Committee (JTC) meeting in New Zealand on Thursday. Led by Commerce Secretary Sunil Barthwal, the Indian delegation engaged in fruitful discussions with key stakeholders, including New Zealand'...

May 2, 2024 9:22 PM

Indian markets gained after the U.S Fed kept rates unchanged

Indian benchmark indices closed with gain on Thursday after the US Federal Reserve kept the interest rates unchanged for the sixth straight time. The Nifty 50 index gained 43 points to close at 22,648 points while the BSE Sensex gained 128.33 points...

May 2, 2024 5:46 PM

Sharjah Trade Mission Heads to India to Boost Economic Ties

The Sharjah Chamber of Commerce and Industry (SCCI) is leading a high-profile trade delegation to India as India and the UAE mark two years of the Comprehensive Economic Partnership Agreement. The delegation will visit India from May 5-10 to explore ...

May 2, 2024 5:48 PM

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook. The gl...

May 2, 2024 10:14 AM

Asia stocks wobble on rate cut delays; yen leaps

Asian stocks got off to a shaky start on Thursday (May 2) after the Federal Reserve flagged delays to interest rate cuts, while the dollar fell heavily on the yen in what traders reckoned was Japanese intervention. Japan's benchmark Nikkei average o...

May 2, 2024 10:11 AM

Fed leaves rates unchanged, flags ‘lack of further progress’ on inflation

The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in...

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