Edward Johnson 
When there are whispers and murmurs in some corridors about the need for re-evaluating the inflation targeting framework component, or tinkering with the yardstick of price pressures measurement, the message from the central bank governor was unequivocal: Don’t tamper. Apart from conveying his determination to bring inflation down to 4% as mandated by law, governor … Read more
The domestic market reversed its earlier gains and closed in red on Thursday as the RBI’s decision to hold its current policy with a caution. In today’s trade, shares of Grasim, Info Edge, LIC, Eicher Motors, SAIL among others will be in focus due to first quarter results and various news developments. LIC Life Insurance … Read more
Japan’s Nikkei share average rebounded in early trade on Friday, as a surprise drop in U.S. unemployment claims assuaged recession fears, while a softer yen also provided some respite. The latest unemployment data suggested that fears the U.S. economy could be heading for a hard landing may have been overblown and the gradual softening in … Read more
Asian equities rose on Friday after signs of resilience in the labor market lifted US stocks. Equities in Japan, South Korea and Australia climbed alongside Hong Kong share futures. Gains for Tokyo’s Topix index further eroded the steep declines earlier in the week, helped along by Friday moves in tech and bank stocks. US equity … Read more
Persimmon has strengthened its housebuilding forecasts for the year, saying it has been encouraged by the new Labour government’s planning reforms. The company, which is one of the UK’s largest housebuilders, said its outlook was already being bolstered by improving consumer confidence, having seen a rise in visits by potential buyers. That trend is expected … Read more
The number of claims made by banks and landlords to repossess homes in England and Wales has reached the highest level in five years as households struggle with higher borrowing costs. Figures from the Ministry of Justice show mortgage possession claims made by lenders in the county courts reached 5,343 in the three months to … Read more
Wall Street enjoyed its best day of trading in nearly two years, recovering most of the losses it suffered during a sell-off sparked by US economic fears earlier this week. The S&P 500 rose 2.3% to 5,319.32, its biggest single-day jump since November 2022. The Dow Jones industrial average rose 1.8% to 39,446.49. The technology-focused … Read more
The entertainment conglomerate behind Paramount Pictures is to cut about 2,000 jobs in a bid to reduce costs ahead of a merger with the independent film studio Skydance. Paramount Global, which also owns CBS, Nickelodeon and the UK’s Channel 5, announced plans to cut about 15% of its US workforce alongside its latest earnings on … Read more
British Airways is to axe its direct flights between London Heathrow and Beijing. The UK national carrier announced that the service to the Chinese capital would end on 26 October. Although BA did not give reasons for its suspension of the route, flights to Asia from Europe have become increasingly costly and time-consuming since the … Read more
Fossil fuel companies are running “a massive mis- and disinformation campaign” so that countries will slow down the adoption of renewable energy and the speed with which they “transition away” from a carbon-intensive economy, the UN has said. Selwin Hart, the assistant secretary general of the UN, said that talk of a global “backlash” against … Read more
