ECONOMIC INDICATORS BRAZIL
Brazil presidential election results: Five economic challenges facing re-elected President Lula
Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda.
Fed sneezes, but emerging markets aren't catching a cold yet: McGeever
Emerging markets are displaying surprising economic resilience in light of the Federal Reserve's tightening measures. Stronger fiscal fundamentals and high bond yields provide emerging market central banks with greater flexibility. Some countries are even considering rate cuts, which may not have been possible in the past. Investor sentiment is shifting towards emerging markets as they are viewed more favorably compared to developed economies.
Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partner
Flávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on October 25 could solidify right-wing power across South America, following a regional trend. Lula aims to reduce economic inequality while Bolsonaro focuses on crime and spending cuts. India is observing the elections closely due to its strategic partnership with Brazil in various sectors.
Sugar stocks Balrampur Chini, Bajaj Sugar, others crash up to 7% as centre stops diversion to ethanol
Sugar stocks dropped in early trading following the government's directive to cease sugar diversion for ethanol production. The decision impacts major sugar companies like Balrampur Chini Mills and Bajaj Hindusthan Sugar, which experienced a decline between 2% and 7%. This directive aims to enhance domestic sugar availability amidst rising prices. The government's action follows concerns about potential production shortfalls due to insufficient rainfall.
Charting the global economy: Inflationary pressures mount in US
A broad upswing in consumer prices last month helps reinforce expectations for additional Federal Reserve interest-rate increases in the months ahead.
Indonesia stocks, rupiah tumble as MSCI weighs market downgrade
Global index provider MSCI is contemplating downgrading Indonesia's stock market to standalone status. Such a reclassification could notably diminish Indonesia's appeal to global investors and alter its presence in international indexes. This year, Indonesia's share within MSCI's emerging markets index has dwindled. A downgrade would position Indonesia as the largest economy in this standalone category, inciting uncertainty for investment funds linked to MSCI indices.
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Keep UPI free, govt should withdraw proposed charges: GTRI
The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants.
Sugar stocks Balrampur Chini, Dhampur Sugar, others rally up to 8%. What’s behind the uptick?
Sugar stocks, including Balrampur Chini, Dhampur Sugar and EID Parry, rallied sharply on Tuesday as raw sugar futures remained near two-year highs. Rising supply concerns in Brazil, Europe and Thailand, along with stronger festive-season demand, have lifted expectations of tighter global sugar supplies and supported the recent rally.
UN ‘largely irrelevant’ to major global conflicts, Jaishankar says, calls for reform
S Jaishankar addressed the need for reform in the United Nations during the 5th Kautilya Economic Conclave. He pointed out the UN's irrelevance in addressing significant global issues, including conflicts in Ukraine and the Gulf. Jaishankar noted that the Security Council is gridlocked and does not represent global interests adequately. He emphasized the importance of fixing the UN instead of bypassing it.
In Brazil, frustration over cost of living undermines Lula's reelection bid
Kleyton Zacarioto, a butcher, expresses frustration with high food prices impacting household budgets ahead of elections. Incumbent President Lula highlights improving economic indicators like falling unemployment amidst voter dissatisfaction. Senator Flavio Bolsonaro argues that the economy has worsened, stating that families are financially strained. Lula's recent measures to boost disposable income have had little effect on voter sentiment.
Skyrocketing diesel prices rattle Republicans as midterms approach
Diesel fuel prices have reached record highs due to ongoing conflicts in the Middle East and related supply issues. Republican candidates are proposing to end diesel exports to alleviate the burden on consumers. Economists warn that this move could have adverse effects on both domestic prices and the global economy. The impact of rising diesel costs is felt across various sectors, particularly agriculture and retail.
Global funds, same tech bet? The diversification trap Indian investors may miss
Many Indian investors mistakenly believe they diversify their portfolios by adding foreign countries. However, numerous global indices often revolve around similar technology narratives, particularly in semiconductors. To achieve real diversification, investors must grasp the fundamental earnings drivers. Exploring Europe and Japan can unveil distinct economic pathways, offering a refreshing contrast. A thorough assessment of concentration risks and market dynamics is vital when engaging in international investments.
BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitions
BRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more representative global order. The document outlines India's 2026 chairship priorities, recognises partner countries' contributions and calls for greater participation of Emerging Markets, Developing Countries and Least Developed Countries in global governance.
The world wishes it had a 'diesel printer' as two wars push fuel to the brink
The world is facing a severe diesel shortage as the US-Iran and Russia-Ukraine wars disrupt crude supplies, refinery operations and global trade. Diesel prices have hit record highs, with US retail prices crossing $6 a gallon, up from about $3.50 at the start of the year.
BRICS Summit 2026 schedule: What happens on September 12 and 13? Full datewise agenda, key issues, themes & priorities
BRICS Schedule: The 2026 BRICS Summit is set to take place in New Delhi starting on September twelfth. During this two-day event, leaders from member nations will engage in discussions aimed at enhancing global governance and promoting multilateralism. Food security, energy cooperation, and advancements in technology will be among the primary objectives tackled, culminating in the New Delhi Declaration to solidify economic partnerships and resilience in various sectors.
Aurobindo Pharma gains over 3% as subsidiary launches generic Advair Diskus in US; stock up 41% YTD
Aurobindo Pharma shares rose sharply after its subsidiary Lannett Company launched the generic equivalent of Advair Diskus in the US. The inhalation product, available in two strengths, marks the first commercialised product from Aurobindo’s inhalation pipeline. The stock has gained 41.16% year-to-date in 2026.
Hy-Tech Engineers IPO Day 4: GMP signals 83% premium, subscription hits 50.86x
The final day of bidding for the Hy-Tech Engineers IPO has arrived, showcasing strong investor enthusiasm. Retail participation has surged, with subscriptions exceeding sixty times for their designated share. The IPO is projected to begin trading on September 1, 2026, post-allotment.
Hy-Tech Engineers IPO Day 2: GMP soars 57%, subscription reaches 7.74x. Should you subscribe?
Hy-Tech Engineers IPO experienced robust demand on its second day. The overall issue was subscribed 19.31 times against shares offered. Grey market premium indicates a potential 57% listing gain for investors.
Hy-Tech Engineers IPO Day 3: GMP at 57%, Issue subscribed 51 times
The Hy-Tech Engineers IPO entered its third day of bidding on August 26, with the issue subscribed 51 times by the end of Day 3. Retail investors led the demand, while the IPO’s grey market premium of Rs 30 indicated a potential 57% listing premium. Anand Rathi Research has assigned a “Subscribe - Long Term” rating to the issue, citing the company’s growth prospects and reasonable valuation.
Hy-Tech Engineers IPO opens today: GMP signals 47% listing premium. Should you subscribe?
Hy-Tech Engineers IPO: The Rs 135.73-crore issue set to remain open until August 27. The IPO comprises a fresh issue of Rs 60 crore and an OFS worth Rs 75.73 crore. Its GMP currently signals a potential 47% listing premium, indicating strong investor interest. Allotment is expected on August 28, with listing tentatively scheduled for September 1.
'It's a Carry World': EM trade notches longest run since 2008
The carry trade landscape in emerging markets is shining brightly, leading to remarkable returns for investors. This approach, which entails borrowing in low-interest currencies and investing in higher-yielding emerging markets, thrives as the US dollar softens against numerous emerging market currencies. Colombia stands out with appealing bond returns and substantial currency gains, while Turkey’s elevated local bond yields continue to beneficially impact investor outcomes even amidst currency depreciation.
ETMarkets Smart Talk | Nifty enters ‘very attractive’ zone as earnings improve: Union AMC’s Sanjay Bembalkar
Despite muted foreign flows and persistent geopolitical uncertainties keeping a lid on the broader market, corporate earnings have remained encouraging and several manufacturing segments are showing signs of stronger growth ahead.
Emerging markets defy global shocks as investors return to local assets
Emerging markets are seeing renewed investor interest despite geopolitical tensions, trade risks and AI-driven volatility, with debt attracting strong foreign inflows as deeper domestic capital markets and improved policymaking strengthen resilience. Equities, however, continue to face pressure, prompting investors to adopt a more selective approach.
US flags India as transshipment risk in new warning over Chinese goods
The United States has identified India as a potential conduit for Chinese goods evading tariffs. Exporters in over forty nations are accused of rerouting shipments to bypass US duties. Washington plans to intensify efforts to detect and penalize such disguised Chinese exports. This classification highlights varying degrees of transshipment risk within legitimate trade flows. The report could influence ongoing trade negotiations between the two nations.
India poised to return to high growth path: OECD
India is poised to return to a high growth path while its BRIC peers Brazil, China & Russia are expected to record below-trend growth rates, OECD said.
India, other emerging economies showing positive signs: OECD
Emerging economies like India Brazil, Russia and China showed positive signals in February compared to previous month, according to OECD.
Global growth slows for 10th mth in May -OECD indicators
The pace of economic growth in the world's developed economies slowed for a 10th consecutive month in May, . according to an OECD survey on Friday.
India logs high growth, but lags in prosperity
Though India has recorded one of the highest economic growth rates in the world, it continues to lag in economic prosperity, according to a report by UAE-based Legatum Institute.
India behind other emerging mkts in promoting prosperity
India has been ranked 70th among 104 nations in promoting overall prosperity, according to the 2008 Legatum Prosperity Index. Policymakers speak on crisis
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