In a major fiscal maneuver to stabilize its economy, China has launched an unprecedented package valued at 10 trillion yuan ($1.4 trillion) aimed at easing debt repayment pressures for local governments. Facing mounting financial constraints, an ailing real estate market, and deflationary pressures, the world’s second-largest economy seeks to rejuvenate domestic demand and stimulate growth. […]

The Federal Reserve announced a quarter-point reduction in interest rates on Thursday, lowering the benchmark rate to a target range of 4.50% to 4.75%. This decision reflects policymakers’ view of a U.S. labor market that is beginning to show signs of cooling, alongside inflation edging closer to the Fed’s long-standing 2% target. Following a two-day […]

With Donald Trump’s recent win in the U.S. presidential election, global financial markets have reacted strongly, and his proposed trade policies are poised to have far-reaching implications. Trump’s potential tariffs could hit 60% or more on imports from China—a drastic increase from previous tariff levels, which already posed significant challenges to Chinese exports. This scenario […]

India’s manufacturing sector gained impressive momentum in October, driven by rising domestic and international demand, as reported by the latest HSBC India Manufacturing Purchasing Managers’ Index (PMI). The index, compiled by S&P Global, rose to 57.5 in October, up from an eight-month low of 56.5 in September, signaling robust expansion and heightened optimism for the […]

Global markets are bracing for a highly turbulent trading week as investors assess the potential outcomes of the US presidential election on Tuesday. With the world’s largest economy on the cusp of a pivotal political shift, market participants are acutely aware of the possible ramifications on currencies, bonds, and stocks, especially with the race between […]

U.S. job growth witnessed a significant deceleration in October, with nonfarm payrolls rising by just 12,000 jobs, a stark drop from the revised figure of 223,000 in September. The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) released the data on Friday, signaling disruptions in job creation due to hurricanes and ongoing labor strikes. […]

As the U.S. presidential election approaches, the Reserve Bank of India (RBI) is poised to manage any potential market volatility and capital outflows, particularly if global markets react strongly to a potential victory by Republican candidate Donald Trump. Two sources familiar with RBI’s strategy have reported that the central bank is prepared to utilize its […]

The Bank of Japan (BOJ) held its ultra-low interest rates steady during its latest policy meeting on Thursday, underscoring concerns about global economic uncertainties and the fragility of Japan’s domestic recovery. In a climate of high inflation and shifting interest rates globally, the BOJ emphasized the need for caution, particularly regarding the U.S. economy and […]

UN Trade and Development (UNCTAD) has released its latest Trade and Development Report, projecting global economic growth to hover at a stagnant rate of 2.7% for both 2024 and 2025. This marks a further dip from the average growth rate of 3% witnessed between 2011 and 2019, and is significantly lower than the 4.4% growth […]

India’s appeal as a trade and investment destination has grown rapidly, especially among European companies looking to diversify amidst a shifting global economic landscape. Leading the charge are Swiss companies like ABB and Kuehne+Nagel, with India’s rapidly expanding economy and evolving regulatory environment promising new opportunities. The recent $100 billion Trade and Economic Partnership Agreement […]