DDIndia Business: Economic Headlines & Updates

Business

June 13, 2024 11:23 AM

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for ye...

June 13, 2024 10:22 AM

Asia stocks rally, bond yields fall as investors assess Fed outlook

Asian equities rallied on Thursday (June 13) while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve. Japan’s Nikkei share average climbed 0.79% to 39182.06 after the stock mark...

June 12, 2024 5:35 PM

Fed expected to hold rates steady, project fewer cuts in 2024

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed offic...

June 12, 2024 4:48 PM

Nifty, Sensex continue upward trend; mid and small caps surge 1 per cent

Indian markets continued their bull run during Wednesday's session. The Nifty touched an all-time high of 23,441 points during the day. However, both indices closed with marginal gains due to profit booking by investors. The benchmark Nifty gained 5...

June 12, 2024 4:47 PM

Myanmar poverty deepens, economic growth stagnant, World Bank says

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with little respite in sight, the World Bank said on Wednesday. Escalat...

June 12, 2024 2:53 PM

Week long Eid holidays in Bangladesh will impact trade and train service with India

A week-long Eid-ul-Adha holiday in Bangladesh will impact trade and train services between India and Bangladesh. Trade activities between Bangladesh and India through the Hili land port will remain closed for eight days from June 14 to June 21 for th...

June 12, 2024 11:32 AM

Indian stocks trade firm ahead of May inflation data release

Indian stock indices kicked off Wednesday's trading session on a positive note, with the Sensex and Nifty both up 0.3% and hovering just below their all-time highs. The bullish trend comes ahead of the highly anticipated release of India's May inflat...

June 12, 2024 10:17 AM

World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024-25 by 20 basis points to 6.6 per cent from its earlier projection of 6.4 per cent made in January. The World Bank said that India will continue to be...

June 11, 2024 6:11 PM

Sensex, Nifty close flat amid volatility: Construction, automobile, and PSU banks outperform

The stock market closed flat on Tuesday amid volatility, with Sensex ending 33.48 points lower at 76,456.59 and Nifty inching up by 5.65 points to close at 23,264.85. Despite the overall tepid performance, the Construction, Automobile, and Public Sec...

June 11, 2024 3:33 PM

PM Modi receives congratulatory call from Emir of Qatar; both leaders reaffirm commitment to further strengthen ties

Prime Minister Narendra Modi and the Emir of Qatar, Sheikh Tamim Bin Hamad Al Thani, held a telephonic conversation on Tuesday, during which they reaffirmed their commitment to further strengthening ties between the two countries. According to a sta...