Economy Archives - Page 331 of 342

Economy

December 18, 2023 3:54 PM

Government of India launches Sovereign Gold Bonds 2023-24 with Digital Discount

In a strategic move to channelize domestic savings into financial instruments, the Government of India has launched the Sovereign Gold Bond Scheme 2023-24 (Series III). Stemming from the inaugural scheme in November 2015 under the Gold Monetisation S...

December 15, 2023 4:56 PM

Sensex soars to new heights as bullish momentum continues, Nifty follows suit on rate cut expectations

India's benchmark indices surged to unprecedented levels on Friday, buoyed by expectations of an interest rate cut by the U.S. Federal Reserve by March 2024. The Nifty 50 witnessed a 1.29% rise, closing at 21,456.65, while the Sensex gained 1.37%, to...

December 14, 2023 10:10 AM

U.S. Federal Reserve leaves interest rates unchanged, signals cuts in 2024

The Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said the historic tightening of monetary policy is likely over as inflation falls faster than expected and with a discussion of cuts in borrow...

December 13, 2023 1:44 PM

IMF approves $689m loan for Bangladesh with advice to contain inflation

The International Monetary Fund (IMF) has approved the release of $689 million in the second tranche of the $4.7 billion loan package allocated for Bangladesh. The Washington-based lender has advised Bangladesh to continue to focus on containing infl...

December 13, 2023 1:08 PM

Argentina set to devalue peso by more than 50% to help nation’s struggling economy

Argentina is set to devalue the peso by more than 50% as part of emergency measures to help the nation's struggling economy, the country's Economy Minister Luis Caputo announced on Tuesday. The move changes the dollar conversion rate to 800 pesos pe...

December 6, 2023 10:36 AM

India will become world’s third-largest economy by 2030: S&P

Global rating agency S&P Global Ratings has said that India will become the world's third-largest economy by the year 2030. The rating agency has also estimated the country's gross domestic product (GDP) growth rate to reach seven percent in the ...

December 1, 2023 6:43 PM

Brokerages raise India’s economic growth forecast after upbeat Q2

India remains the fastest-growing major economy in the July-September 2023 quarter as well. The growth drivers of India’s Quarter 2 GDP growth are a strong industry push induced by private consumption and investment, steady performance of the agric...

December 1, 2023 1:17 PM

India’s GDP expected to grow by 6.5 % in FY24: Finance Ministry

Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 percent during the July-September quarter of the current financial year 2023-24, it said that India's GDP is expected to grow by 6.5 percent in the financial year 2024. ...

December 1, 2023 9:31 AM

COP28 Summit: Conflict-hit countries left to face climate change alone

BEIRUT. Somali aid worker Hasan Mohammad Sirat has almost no tools at his disposal to tackle the devastating effects of extreme weather in his war-torn country, where floods this year have followed hard on the heels of a severe drought. "We are tryi...

November 30, 2023 12:09 PM

US economy grows 5.2% in third quarter; higher interest rates eroding momentum

The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears to have since waned as higher borrowing costs curb hiring and spending. The growth...

Economy

Top Stories of the Day