It’s that time of year again, when savers are being pushed to use up the remainder of their Isa allowance. But even after 25 years, there is still confusion about how the tax-efficient saving system works. “Isa season” traditionally runs from the start of February until the end of the tax year and encourages people to … Read more
The Reserve Bank of Australia (RBA) has chosen to hold the interest rate in the first decision of 2024. The RBA board met on Tuesday, announcing the cash rate will remain at 4.35 per cent. The decision comes as inflation eased to 4.1 per cent in the December quarter, down from 5.4 per cent in … Read more
Share indices ended lower on Monday, tracking the weakness in Asian markets, but there were several individual stocks in the market that were in action and public sector stocks were among them. The benchmark Nifty 50 ended 0.4% down at 21771.70 points, and the Sensex closed 0.5% lower at 71731.42 points. On the other hand, … Read more
Central banks should be certain they have beaten inflation before cutting interest rates this year, the Organisation for Economic Co-operation and Development (OECD) said despite revisions to its outlook that showed inflation was falling at a faster rate than previously expected. The Paris-based organisation, which represents 38 countries, said it was “too soon to be … Read more
LAS VEGAS (KLAS) — She’s leading a charge of change in the Las Vegas valley. Joy Hoover is an entrepreneur with one thing in mind; women’s safety. She says she wants to be part of the solution, preventing violence before it happens. And she’s doing it with something so small it can fit in a … Read more
A momentous shift is under way in global markets as investors pull billions of dollars from China’s sputtering economy, two decades after betting on the country as the world’s biggest growth story. Much of that cash is now heading for India, with Wall Street giants like Goldman Sachs Group Inc. and Morgan Stanley endorsing the … Read more
To celebrate the annual meeting of the World Economic Forum, Oxfam releases a study of how much of the world’s wealth the ultra-rich own. This year’s was a doozy. The five richest men in the world were revealed to have doubled their wealth in the years since 2020. Seven of the 10 biggest corporations in … Read more
Mumbai: More than 70% of the demat accounts held singly in the country have no nominations, posing a challenge for their legal beneficiaries to claim the financial asset. The startling data from India’s market regulator comes amid a record rise in demat account registrations. Industry attributes the lack of nominations to account holders being lethargic … Read more
The first Monday of February is apparently the most popular day for employees to call in sick, so the timing of the latest labour market health check by Britain’s number crunchers could scarcely have been better. According to the latest evidence the UK has an even bigger problem with inactivity due to long-term sickness than … Read more
Mumbai: The Monetary Policy Committee has not officially raised interest rates for a year, but its novel stance of “focussing on withdrawal of accommodation” has led to much tighter financial conditions than the traditional rate hike stance of “calibrated tightening”, effectively delivering a rate hike without touching the policy rate. An analysis of the weighted … Read more
