SECOND LARGEST ECONOMY
Climate crisis is outrunning world, UN chief Antonio Guterres warns leaders at COP31
UN Secretary-General Antonio Guterres addressed world leaders at the COP31 summit in Turkey regarding climate change action. He warned that the slow international response threatens the planet's future and urged countries to implement clean energy solutions. Negotiators from nearly 200 nations are currently seeking agreement on enhancing electricity's role in global energy consumption. The summit occurs amid significant geopolitical challenges and alarming climate data highlighting increasing global temperatures.
Global markets broadly rise on AI chip demand despite Wall Street's retreat on inflation data
Global equity markets witnessed an upward trend after unexpected US inflation data for October was released. Taiwan's markets surged notably, fueled by a strong demand for AI chips as noted by TSMC. Japan’s stock index and South Korea's Kospi also rose, despite challenges for SoftBank. However, inflationary pressures continue to spark concerns about impending interest rate hikes from the Federal Reserve this December.
Spain's first general strike in 14 years brings clashing social and political desires to the fore
Spain recently marked its first general strike in over a decade, driven by millions of workers advocating for essential government responses to housing challenges. Major sectors joined in, causing widespread transportation disruptions and protests across the nation. Activists pushed for decisive reforms including rent regulation and tenant rights. As the political landscape shifts ahead of the elections, the strike's impact may reverberate into government decisions.
FIIs are back with a bang but why are stocks from only 2 sectors their favourites?
Recently, foreign institutional investors have rekindled their enthusiasm for Indian equities, with significant investments particularly in technology and telecom sectors. Since mid-October, they've pumped $8.2 billion into the market, reversing prior selling trends. However, the financial services sector continues to struggle with considerable outflows, highlighting a trend of selective investments, while sectors like financials and FMCG are still under pressure.
US treasury yields jump: What does it mean for mortgage rates?
Higher interest rates can help rein in inflation, but they do so by making it more expensive for everyone to borrow money.
Jefferies sees largecaps benefiting from FPI revival; Reliance, HDFC Bank, Axis Bank among potential beneficiaries
Jefferies expects largecap stocks to benefit more directly from a potential revival in foreign portfolio investor (FPI) flows into Indian equities. The brokerage has identified 12 potential beneficiaries, including Reliance Industries, HDFC Bank, Axis Bank and Kotak Mahindra Bank, amid improving foreign flows and relatively reasonable valuations in the segment.
China’s trade surplus tops $1 trillion for second straight year as exports surge
China's trade surplus reached $1.04 trillion in January-October, crossing $1 trillion for a second consecutive year. October exports rose 35.2% year-on-year, while imports grew 41.6%, narrowing the monthly surplus to $105.3 billion. Strong overseas demand is supporting exports, but weak domestic consumption and rising trade tensions pose risks to the outlook.
US jobs market shows broad-based recovery in October as hiring beats estimates
US employers added 165,000 jobs in October, far exceeding expectations, while unemployment fell to 4.1%. However, a closer look reveals uneven labour market trends, with foreign-born workers driving gains, manufacturing recovering and job seekers facing longer unemployment spells.
China, Hong Kong stocks edge higher as Beijing vows measures to stabilise markets
Chinese and Hong Kong stocks edged higher as Beijing renewed its commitment to stabilising capital markets amid economic concerns. Major mainland indices posted modest gains, while the Hang Seng also advanced. However, weak domestic demand, cooling consumer inflation and global technology-sector volatility continued to challenge investor confidence and market recovery prospects.
Global Market Today: Asian stocks open mostly higher, Nvidia probe looms
Benchmark stock indexes rose in Japan and Australia after a gauge of US semiconductor shares jumped 4.2% on Friday as speculation about possible tighter Democratic party regulation of the artificial intelligence industry eased. The MSCI Asia Pacific Index of equities gained 0.5%.
Charting the global economy: Job growth in US tops all forecasts
US employment rose significantly last month, with the jobless rate declining to 4.1%, indicating robust economic activity. Labor productivity increased sharply in the third quarter, reflecting business adaptation to rising costs and greater efficiency.
France braces for protests on Saturday as Yellow Vests urge 'mass disobedience'
French unions, student groups, and the Yellow Vests movement are preparing for protests in Paris on Saturday. The protests aim to address the increasing cost of living while demanding improvements in wages and living conditions. Authorities are set to deploy 70,000 police officers to manage the demonstrations, which follow recent unrest. The protests will also focus on issues impacting young people and pensioners across the nation.
Nvidia chips pile up in Hong Kong as China withholds import approval
About 600,000 of Nvidia's advanced artificial intelligence chips are stored in Hong Kong awaiting shipment to mainland China, two people familiar with the matter said, as Beijing withholds approval for large-scale imports despite demand from technology firms.
Sam Altman on why India is optimistic about AI, while the US is sceptical
Sam Altman, CEO of OpenAI, recently praised India's swift embrace of AI, identifying it as ChatGPT's largest market. He observed that Indian users are innovatively utilizing AI to address challenges and foster entrepreneurship. In stark contrast, Altman noted the prevalent scepticism toward AI in the United States. He also raised alarms about the dangers of unchecked AI advancement, stressing the need for diversified efforts to avoid a concentration of power.
Russia's service sector stagnates, output rises marginally in October
Russia's service sector showed minimal growth in October, with a decrease in orders for the first time in three months. New businesses also fell, indicating a concerning trend amid declining export demand. Employment exhibited a marginal increase after a prolonged period of job cuts across the economy. Input cost inflation rose as firms adjusted selling prices to manage higher costs.
China Services PMI slows to three-month low; what lies ahead for Chinese stocks?
China’s services sector expanded at its slowest pace in three months as rising costs and intense competition squeezed margins. The weaker PMI and declining business confidence may weigh on Chinese equities, although sustained growth in export orders offers some support.
China tape maker stock debut: Chinese firm that deals with Apple, Tesla, BYD saw stock price surges 787 per cent after IPO, makes former school teacher, sister billionaires
Crown New Materials Technology is provider of adhesive materials to Apple, Tesla, BYD. During the first day's trading, Crown New Materials Technology made an astronomical gains of 787 per cent.
Finance Minister Sitharaman urges Tata to resolve feud amicably, rules out govt intervention
Finance Minister Nirmala Sitharaman emphasized the importance of resolving the ongoing dispute between Tata Sons and Tata Trusts. She stated that the matter should remain private to restore normalcy quickly. Sitharaman highlighted the critical nature of this situation for the Indian economy, particularly amidst foreign capital outflows. Concerns regarding the equity market and foreign investments were also acknowledged by the finance minister.
IndiGo to introduce business, premium economy and economy cabins on A350 aircraft from 2028
IndiGo Airlines will introduce business class, premium economy, and economy cabins with its Airbus A350-900 aircraft. The first A350-900s are expected to join IndiGo's fleet in the second quarter of 2028. This marks a significant expansion in IndiGo's long-haul international operations, offering passengers more travel options. The airline currently operates in the domestic market and aims to strengthen its international presence.
Load More
