India cenbank’s net income surges on the back of lower provisions in FY24
The Indian central bank’s net income surged 141% for the financial year ended March 2024, largely on the back of…
US home prices to rise 5% this year, more modestly next
U.S. home prices will rise a bit faster this year than previously expected due to limited available supply, according to…
Morgan Stanley: 2024 Global Macroeconomic Midyear Outlook
Global growth should stay steady at just over 3% in 2024 and 2025, though volatility will remain as a pickup…
China’s May factory activity likely expanded at steady pace, recovery still fragile
China’s manufacturing activity in May likely grew at a similar pace to the previous month when it barely managed to…
US economic growth revised lower for first quarter; jobless claims edge up
The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer spending, the…
ECB has almost vanquished its final inflation foe
The main thing standing between Christine Lagarde and her 2% inflation target is the rising cost of hotels, transport and…
Asia’s crude oil imports hit 12-month high, but it’s India, not China
Asia’s imports of crude oil rose to the highest in 12 months in May, with the strength being driven by…
Jordan reveals US-backed strategy to boost its Red Sea coastline economy
Jordan revealed a US-backed strategy aimed at growing investment in its Red Sea coastal city of Aqaba on Wednesday, with…
Japan’s Inpex supplied oil to Germany from Kashagan, sources say
Japan’s Inpex for the first time last month supplied crude oil from its share in the giant Kashagan oil field…
Indian economy exhibiting strength and stability says RBI
According to the latest Annual Report of the Reserve Bank of India (RBI), the Indian economy is exhibiting strength and…