DDIndia Business: Economic Headlines & Updates

Business

June 19, 2025 10:26 AM

Fed keeps key rates steady; cites ‘meaningful’ inflation, cautious path ahead

The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expe...

June 18, 2025 4:44 PM

Sensex, Nifty end lower as Israel-Iran tensions rise

Benchmark equity indices closed lower on Tuesday, as volatility gripped the markets due to rising geopolitical tensions in West Asia. Despite selective buying in auto and private banking stocks, investor sentiment remained cautious amid the escalatin...

June 18, 2025 3:19 PM

US added over 1,000 new millionaires a day last year, UBS report says

Wealth grew disproportionately quickly last year in the United States, where over 379,000 people became new U.S. dollar millionaires, more than a 1,000 a day, a report published on Wednesday showed. Private individuals' net worth rose 4.6% worldwide...

June 18, 2025 1:37 PM

Piyush Goyal visits UK to boost economic ties, fast-track India–UK FTA implementation

Union Minister of Commerce and Industry Piyush Goyal is on a two-day official visit to the United Kingdom from June 18 to 19, aimed at strengthening India–UK economic relations and expediting the implementation of the bilateral Free Trade Agreement...

June 18, 2025 9:59 AM

Indian stock market trades in green amid rising geopolitical tensions

The domestic benchmark indices opened lower on Wednesday amid rising geopolitical tensions but turned positive in early trade, led by buying in the auto, IT, and PSU bank sectors. At around 9:32 a.m., the Sensex was trading 160.49 points, or 0.20 pe...

June 17, 2025 4:23 PM

Markets slip on geopolitical tensions, rising crude prices

Indian equity markets ended lower on Tuesday, weighed down by escalating tensions in the Middle East and concerns over rising crude oil prices, which added to inflationary worries and dampened investor sentiment. After a muted opening, both benchmar...

June 17, 2025 3:58 PM

World oil demand to keep growing this decade despite 2027 China peak, IEA says

Global oil demand will keep growing until around the end of this decade despite peaking in top importer China in 2027, as cheaper gasoline and slower electric vehicle adoption in the United States support consumption, the International Energy Agency ...

June 17, 2025 1:36 PM

Oil prices continue to surge amid growing Israel-Iran tensions

Oil prices rose sharply on Tuesday after US President Donald Trump called for the evacuation of Tehran, raising fears of a wider conflict in the Middle East. The prices jumped initially but later eased, as the market stayed cautious about any major ...

June 17, 2025 11:13 AM

EU readies ban on Russian gas imports by end of 2027

The European Commission is set to propose on Tuesday a ban on EU imports of Russian gas and liquefied natural gas by the end of 2027, using legal measures to ensure the plan cannot be blocked by EU members Hungary and Slovakia. The proposals will se...

June 17, 2025 10:14 AM

Indian stock market opens lower amid weak Asian cues

Indian benchmark indices opened in the red on Tuesday, tracking weak cues from Asian markets, with early trade witnessing selling pressure in auto, IT, and pharma sectors. At around 9:28 a.m., the BSE Sensex was down 186.35 points or 0.23 per cent a...