DDIndia Business: Economic Headlines & Updates

Business

June 3, 2024 4:24 PM

Global markets-European shares rally, eyeing ECB rates move

European stocks bounced and government bond yields dropped on Monday as investors looked forward to an interest rate cut from the European Central Bank (ECB), while U.S. jobs data kept the focus squarely on inflation. The pan-European STOXX was up 0...

June 3, 2024 3:08 PM

US, Indo-Pacific partners holding talks in Singapore on clean energy

The U.S.-led Indo-Pacific Economic Framework is holding a ministerial meeting this week in Singapore, including major firms joining a "Clean Economy" investor forum to boost infrastructure and climate investments across the region. It marks the ...

June 3, 2024 2:55 PM

European Union maintains ban on Pakistani air carriers after safety review

The European Union (EU) has reaffirmed its decision to maintain the ban on Pakistani air carriers, including the flagship Pakistan International Airlines (PIA), following a comprehensive safety review. This decision follows an extensive assessment b...

June 3, 2024 11:01 AM

Asia shares rally on promise of rate relief, factory pick up

Asian share markets rallied on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair. There was also ...

June 3, 2024 11:13 AM

Sensex, Nifty hit record highs on expectation of Modi 3.0

The stock market opened with an unprecedented uptick on Monday, reaching an all-time high after exit polls forecast a decisive victory for the BJP-led NDA coalition, sparking widespread investor optimism. The Sensex surged by 1859.88 points, opening ...

June 2, 2024 4:05 PM

FPIs sold over Rs 25,000 Cr in Indian stocks in May, turning net sellers second month

The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, standing at Rs 25,586 crore as the month ended. The consistent offloading of money from Indian stocks is partly attributable to a strong US dol...

June 1, 2024 7:23 PM

Coal stocks at thermal power plants remain high despite high power demand

Despite a significant increase in power demand, coal stocks at thermal power plants remain robust, exceeding 45 million tonnes (MT). This represents a 30% increase compared to last year. The current stocks are sufficient to meet 19 days of power gene...

May 31, 2024 10:15 PM

Global stocks lose steam after U.S. data

MSCI's global equities index gave up earlier gains on Friday after data showed modest U.S. inflation in April, while the dollar fell with Treasury yields as investors still bet on Fed interest rate cuts this year. The U.S. Commerce Department said t...

May 31, 2024 8:22 PM

India’s GDP exceeds estimates, grows at 8.2% in FY24 and 7.8% in Q4

India's gross domestic product (GDP) outperformed expectations, achieving a 7.8% growth rate in the January-March quarter. For the full fiscal year 2023-24, GDP growth was revised upwards to 8.2% from the earlier estimate of 7.6 percent, as reported ...