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IMF CHIEF WARNS OF ECONOMIC IMPACT
Middle class, aspirational consumers to drive 93% of India's spending by 2036: SitharamanIndia's middle class is poised to fuel significant economic expansion, with 93% of all spending expected to originate from this segment by ...- Karnataka Minister Priyank Kharge dismisses TNCC's opposition to Mekedatu project, says "personal opinions don't matter""Whether it is me, you, or anyone else, we must proceed in accordance with the directions of the Supreme Court. They themselves have said t...
- Citi sees brent crude sliding to $60/bbl as supply fears easeGeopolitical tensions easing around the Strait of Hormuz are expected to drive Brent crude prices down to $60 a barrel by year-end, accordi...
- The 'little boy' in the Pacific, India's monsoon and the big test aheadIndia's crucial monsoon season has begun sluggishly, with a significant rainfall deficit raising concerns for the farm economy. Delayed sow...
- In 1998, South Korea urged people to save the country from bankruptcy. Millions lined up with gold wedding rings and baby bracelets, raising $2.1 billion in just four monthsIn January 1998, millions of ordinary South Koreans voluntarily donated gold, including wedding rings and baby bracelets, to help their nat...
- RBI backs crypto containment and keeps ban on table, officials tell house panelThe Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions...
- Japan shifts to ambush intervention tactics against yen short sellers, sources sayJapan's finance ministry is shifting tactics, abandoning public warnings about currency intervention. Officials now aim to surprise specula...
- Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CMKerala Chief Minister V.D. Satheesan stated that Adani Ports requires state government approval to transfer its shares in the Vizhinjam Int...
- China imposes 'national security' rules on overseas investmentsChina is intensifying its scrutiny of investments overseas with broad "national security" regulations taking effect from Wednesday, at a ti...
- Why Trump's tariffs had plenty of bark, but limited biteDonald Trump's tariffs, once feared to cripple markets, have had a surprisingly muted impact, with actual levies lower than headline rates....
- Sri Lanka reduces fuel prices after Middle East ceasefireSri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices...
- The AI boom won't burst all at once. It will pop in 'rolling bubbles': MacquarieMacquarie expects the AI investment boom to unwind through a series of "rolling bubbles" rather than a single crash, as different segments ...
- AI investment boom may fuel financial risks: BISThe Bank for International Settlements (BIS) has cautioned about the financial dangers linked to the rapid growth of AI, pointing to issues...
- Karnataka: Chief Minister Shivakumar warns gutkha industry of ban if substances are foundKarnataka Chief Minister D K Shivakumar has warned the pan masala and gutkha industry of an outright ban if any intoxicating substances are...
- IMF chief economist says Fed reduction in rate guidance is 'entirely appropriate'The IMF's chief economist, Pierre-Olivier Gourinchas, has endorsed Federal Reserve Chair Kevin Warsh's move to reduce explicit forward guid...
- IMF economist says dollar remains at heart of global financial systemDespite global trade shifts due to U.S. tariffs, the dollar remains the bedrock of international finance, according to the IMF's chief econ...
- Venezuela to tap IMF reserve assets for quake reconstruction, Bloomberg News reportsVenezuela is planning to utilize $200 million from its $4.5 billion IMF Special Drawing Rights (SDRs) to fund reconstruction efforts follow...
- IMF says it will take time for energy, commodity prices to normalize after US-Iran dealThe IMF notes a decline in energy and commodity prices following a ceasefire in the Strait of Hormuz, though full normalization will take t...
- US President Donald Trump's Iran war weighs on G7 economies, but don't expect hard talk in FranceGlobal economic leaders gather in France amid rising inflation and oil prices. A recent deal between the U.S. and Iran offers optimism, but...
- IMF chief says no global slowdown in sight yet, but risks are highThe global economy is holding strong despite the Middle East war. Commodity prices and inflation have risen, but a global slowdown is not y...
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