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Economy

May 29, 2024 4:20 PM

S&P upgrades India’s sovereign rating outlook to ‘positive’

S&P Global Ratings has raised the country's sovereign rating outlook to 'positive' from 'stable' while retaining the rating at 'BBB-'. The rating agency cited India's robust economic expansion as having a constructive impact on its credit metrics...

May 28, 2024 7:37 PM

Fitch Downgrades Bangladesh to ‘B+’; Outlook Stable

Fitch Ratings has downgraded Bangladesh's Long-Term Foreign-Currency Issuer Default Rating on Monday to 'B+' from 'BB-' owing to weakening of Bangladesh's external buffers. The country's forex reserves are down substantially due to continued forex in...

May 28, 2024 12:47 PM

Sensex, Nifty tread cautiously as Lok Sabha results near

After a stellar rally over the past few weeks, Indian benchmark indices have faced resistance in the past couple of sessions. On Tuesday, both the Sensex and Nifty traded flat with a downside bias. The NSE Nifty 50 was down 0.17% at 22,890.6 points...

May 27, 2024 3:38 PM

Russia invites Afghanistan’s Taliban to major economic forum

Russia has invited Afghanistan's Taliban to its biggest annual economic forum as Moscow moves to remove a ban on the Islamist movement, a senior Russian diplomat was quoted as saying on Monday. Since the Taliban seized power in August 2021 as U.S.-l...

May 27, 2024 2:02 PM

Asia shares nudge higher as US, EU inflation data loom

Asian shares firmed on Monday as investors braced for a busy run of inflation data that could set the scene for a European rate cut as soon as next week and a U.S. policy easing within just a few months. Holidays in Britain and the United States mad...

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