Bloomberg
India’s searing heat wave boosts RBI case to wait on rate cuts
A sizzling heat wave in large parts of the country will raise concerns for India’s policymakers already grappling with sticky inflation, potentially pushing back the timing for interest rate cuts, economists said.The nation’s weather office on Monday pred...
6 months ago
India seeks $100 billion a year in FDI as it woos China hedgers
India aims to attract at least $100 billion a year in gross foreign direct investment, a top official said, as the South Asian nation courts investors looking to diversify away from China.“Our target is that we will average at least $100 billion over the...
6 months ago
The lithium world confronts hard truths after epic boom and bust
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is more prepared than ever to keep pumping out supplies.Pric...
6 months ago
India wants to be the world’s next growth driver
India is posting some of the most robust economic growth rates right now in the world. And with China slowing, India could become the new engine of global economic growth.But it will take strategic investments, increased labor participation and more for I...
6 months ago
Cherry blossoms to cheap Yen spur record tourist visits to Japan
Japan hosted a record number of tourists in March as the country’s early start to cherry blossom season and a weakening yen drew in holidaymakers.Visitors totaled 3.1 million in March, up almost 70% from a year earlier, and led by South Korea, Taiwan and...
5 months ago
India bond buyback signals RBI’s cash easing stance, Citi says
India’s unexpected move to buy back bonds signals the central bank is getting proactive in easing liquidity and may switch to a neutral interest-rate stance in its June policy, according to Citigroup Inc.The Reserve Bank of India on Friday said it would b...
5 months ago
India boosts planting of oilseeds after better monsoon rains
India’s farmers increased sowing of oilseeds and pulses as the nation records monsoon rains higher than the seasonal average.Oilseed crops have been planted on about 17.17 million hectares (42.4 million acres), up 3.8% from a year earlier, according to a...
2 months ago
Traders fret as 32-hour central bank spree hangs over market
Investors begin the week desperate for answers to questions about the near-term path of global monetary policy after conflicting signals from key economies upended markets.Major central banks are set to meet in Tokyo and Washington on Wednesday and London...
2 months ago
Treasuries rally into Fed meeting with a September cut at stake
The US Treasury market rallied in the hours before the Federal Reserve’s July announcement, buoyed by economic data that backs the case for a September interest-rate cut.The advances sent benchmark yields tumbling on Wednesday, with two-year yields down b...
2 months ago
Emerging assets climb as traders expect Fed to signal rate cuts
Emerging-market equities and currencies climbed on expectations the Federal Reserve to leave interest rates unchanged on Wednesday, but nod toward a cut in September, boosting risk appetite.MSCI’s index for stocks in developing nations rose the most in th...
2 months ago
A $1 trillion time bomb is ticking in the housing market
Cassandras seldom get opportunities to be right about two disasters. Even the original Cassandra scored no notable victories after predicting the fall of Troy. But when a seer who successfully called one catastrophe warns of another coming, you might want...
2 months ago
What bankers say you should (and shouldn’t) do when markets crash
On days like Monday’s dramatic selloff, which capped a three-week loss of $6.4 trillion in global wealth, personal finance experts usually have the same advice for wary retail investors:Take a breath. Don’t overreact. Take a moment to assess your portfoli...
2 months ago
Morgan Stanley to allow advisers to offer Bitcoin ETFs to wealthy clients
Morgan Stanley gave thousands of financial advisers the green light to solicit eligible clients to purchase spot-Bitcoin exchange-traded funds as soon as next week, according to a person familiar with the matter.The company in a memo told its 15,000-stron...
2 months ago
India considering major cut to food weighting in new CPI basket
An Indian government panel tasked with revising the nation’s consumer price index is considering a substantial cut in the weighting of food, according to a person familiar with the matter, a move that could curb inflation spikes in the South Asian nation....
2 months ago