New Delhi: Corrections in mid and small caps are underway and expected to continue, with regulators urging disclosure of associated risks to AMCs, says Vinod Nair, Head of Research, Geojit Financial Services. Banking stocks reversed initial weakness to perform well on the back of an improved economic outlook, while weakness persisted in the IT and … Read more
The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses. Statistics Canada reported Thursday that real gross domestic product increased by an annualized rate of one per cent, beating economists’ expectations and the Bank of Canada’s forecast for the final … Read more
(Representational image) New Delhi: India’s economic growth accelerated to 8.4 per cent in the third quarter of 2023-24, mainly due to good performance by the manufacturing, mining & quarrying and construction sectors. The Indian economy recorded a growth of 8.4 per cent in the third quarter of this fiscal (October-December 2023), according to data released … Read more
All members of NATO will eventually have to fulfil the pledge to spend two per cent of their GDP on defence, Poland’s prime minister said on Monday at the conclusion of a meeting in Warsaw with his Canadian counterpart. While praising Canada as one of Poland’s “best allies,” Donald Tusk delicately avoided criticizing Prime Minister … Read more
Federal Reserve chairman Jerome Powell is not known for his resolve. It’s the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will cut interest rates at least twice this year despite signs of persistent inflation, the Post has learned. If the CEOs and top executives who follow … Read more
Washington: The International Monetary Fund (IMF) on Tuesday forecast a “soft landing” for the global economy hammered in recent years by a deadly pandemic, skyrocketing inflation and high interest rates, and protracted wars. It also upgraded the growth forecast for the India economy by 0.2 percentage points to 6.5 percent for both 2024 and 2025, … Read more
The U.S. economy grew at an unexpectedly brisk 3.3 per cent annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday’s report from the U.S. Commerce Department said the gross domestic product — the economy’s total output of goods … Read more
SECTOR PERFORMANCES The manufacturing sector expanded by 3.2 per cent year-on-year in the fourth quarter of 2023, a turnaround from the 4.7 per cent contraction in the previous quarter. “Growth in the sector was due to output expansions across all clusters, with the exception of the precision engineering cluster,” MTI said. On a quarter-on-quarter seasonally-adjusted … Read more
It’s been a long time since economic data in Canada showed very much promise. The last 18 months have been defined by a cost of living crisis and a slowing economy. But a handful of economic indicators give us some hope for 2024. Inflation has slowed dramatically, and the economy didn’t actually slip into recession. … Read more
Despite these headwinds, Singapore has “reason for hope and confidence”, Mr Lee said. “Rapid technological progress, especially in artificial intelligence and robotics, holds great promise for our businesses and people,” he said. “The government will work closely with businesses to upgrade and transform their operations, and with our tripartite partners to support every Singaporean to … Read more
