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As a small open economy, Hong Kong is vulnerable to financial contagion and capital flights. Since 2009, hot money has flown in to be closer to China, just as it did in the 1990s en route to Southeast Asia. People nowadays question the city’s viability as a financial centre, reminiscent of the prevailing sentiment in the aftermath of the 1997 handover
A spurt in electronics exports should be leveraged to focus on measures and strategies that help cut trade deficit in this sector
These robust indicators dampened expectations that the Fed would start cutting its key policy rate as soon as March, while also providing assurance that the U.S. economy was under no immediate threat of recession.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.
A reassessment of rate cut expectations in the United States supported the dollar this week and led to a rise in U.S. bond yields, aided by strength in U.S. economic data.
The RBI also noted the pressure on global supply chains due to the recent attacks on commercial ships in the Red Sea trade route, necessitating rerouting via the Cape of Good Hope in South Africa.
As part of the Reserve Bank's continuing engagement with regulated entities, the second Conference of Internal Ombudsmen on the theme 'Orchestrating Customer Delight through an Empowered Internal Ombudsman', was held in Mumbai on January 16, 2024.
Strong December U.S. retail sales data dampened early rate cut expectations, heightening pressure on IT companies that rely on the U.S. for a significant share of their revenue.
Oil’s range-bound trading in recent days reinforces the narrative that investors are shrugging off concern that tankers may be at risk from attacks in the Red Sea, said Ehsan Khoman, analyst at bank MUFG.
Smart meters, efficient discoms key to round-the-clock electricity supply
Shaktikanta Das, while speaking at the ongoing WEF, added that amid a challenging global macroeconomic environment, India presents a picture of growth and stability.
The government opened 28 blocks in the ninth OALP round for international competitive bidding on January 3. The blocks are spread across eight sedimentary basins – nine on-land, eight shallow water and 11 ultra-deep-water.
Previous interim budgets have announced measures to boost consumption, and this one is likely to be no different.
While the vote-on-account budget may not offer any detailed fiscal incentives or policy announcements, it could offer insights into the government’s economic thinking and taxation plans, that may be announced should they win the elections.
The two-phased budgetary process this election year should allow for deeper tax policy deliberations aimed at incentivising manufacturing, infrastructure, clean energy and digital economy.
Commerce Secretary Sunil Barthwal said, "India is beating the global trends in trade. And we expect higher volumes of exports in the last quarter of the current fiscal."
The IIP data show there has been a slight decrease in capital goods production compared to five years ago
Misinformation and disinformation can affect election outcomes in the US and India in 2024 and remain principal risks to a stable global order along with climate and economic challenges
Budget 2024: Revenues from passenger services exceeded pre-COVID levels despite a gradual recovery in rail passenger volumes
This is a significant improvement as compared to 2022 wherein 4,273 cases were detected, amounting to duty of Rs 90,499 crore, and voluntary payment of Rs 22,459 crore and 97 arrests were made.
With the two-way goods trade on a downward trajectory, USTR Katherine Tai and commerce minister Piyush Goyal should focus on steps to reverse the trend
With technological excellence, vertical integration, and a commitment to precision and customisation, Jyoti CNC Automation is driving innovation in CNC machines
Fed funds futures traders are pricing in Fed rate cuts beginning in March, though the odds of a move that soon have fallen.
The dollar index, which measures the greenback against a basket of other major currencies, was steady after posting its best week since July 2023, with data on Friday showing firms in the U.S. employed more people than expected in December.
Certain changes have been made in the RBI's Know Your Customer (KYC) norms.
