[ WASHINGTON: U.S. inflation rose moderately in March, but that is unlikely to change financial markets’ expectations that the Federal Reserve will hold off cutting interest rates until September. The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department’s Bureau of Economic Analysis said on Friday. Data for February was unrevised … Read more
[ Wages have increased to their highest level in almost two-and-a-half years, according to official figures, raising questions about whether the Bank of England will press ahead with an expected cut to interest rates this summer. The latest numbers from the Office for National Statistics (ONS) show average regular pay, excluding bonuses, stood at 6 … Read more
[ NEW DELHI: Foreign portfolio investors (FPIs) maintained their position as net buyers in the Indian stock markets for the third consecutive month in April. According to data from the National Securities Depository Limited (NSDL), FPIs have purchased stocks worth Rs 13,347 crore in India so far this month. Despite the positive trend, VK Vijayakumar, … Read more
[ New Delhi: India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday. The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Sitharaman added, citing the impact of improved inflation … Read more
[ MUMBAI: The current account deficit narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion – 2% of GDP – recorded in the year-ago period. Analysts are now forecasting that the … Read more
[ BERLIN: Despite competition from other ASEAN countries, Malaysia continues to stand out as a prime destination for global investors, boasting a robust ecosystem forged over the past five decades, particularly within the electrical and electronics industry. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said Malaysia also stands to benefit from … Read more
[ TUN Dr Mahathir Mohamad once envisioned Malaysia to reach a population of 70 million by the year 2100. The former prime minister reasoned that a bigger working age population is necessary for greater industrialisation and to have “less foreign economic and other dominations”. Read original article here Denial of responsibility! Genx Newz is an … Read more
[ KUALA LUMPUR: The MADANI Government is confident of achieving stronger Gross Domestic Product (GDP) growth of between four and five per cent in 2024 on the back of strong fundamentals and reforms mapped out in the MADANI Economy and Budget 2024. Prime Minister Datuk Seri Anwar Ibrahim, who is also Finance Minister, said after … Read more
[ KUALA LUMPUR: Malaysia’s economic growth slowed to 3% in the fourth quarter of 2023, with exports remaining subdued over the quarter on prolonged weakness in external demand. The country’s gross domestic product (GDP) was lower than 3.3% growth registered in the previous quarter, disappointing market expectations. READ ALSO: Economy expected to grow 3.4% in … Read more
[ MUMBAI: The Reserve Bank of India on Thursday projected a GDP growth of 7 per cent for 2024-25 financial year, which is lower than the 7.3 per cent expansion estimated for the current fiscal. Announcing the bi-monthly monetary policy, RBI governor Shaktikanta Das said rural demand continues to gather pace, urban consumption remains strong … Read more
