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BALLOONING DEFICIT
Rupee hits five-week high after oil plunges; traders eye further rallyThe Indian rupee strengthened against the U.S. dollar for a second day. This rise follows a drop in oil prices and measures by the Reserve ...
US stocks: Oracle shares tumbles 12% as hefty AI spending, debt plans spook investorsOracle faced a sharp decline in stock prices on Thursday, triggering alarms among investors who are anxious about the company’s escalating ...
Indian economy, government finances, see mounting costs from Iran warIndia's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer,...
Trump faces new Republican resistance in Congress as midterm pressures buildRepublican lawmakers are increasingly breaking with President Trump, rebuking his policies on Iran, funding, and domestic spying. Despite D...
West Asia heat may soon scorch banks' booksIndian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer...
SpaceX's nearly $2 trillion IPO is heavily banking on this one entity and it's top on Elon Musk's priority listSpaceX would join a small group of companies valued at $2 trillion, most of which have steady revenue and strong profits.
SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI visionInvestors are betting big on SpaceX's IPO, valuing it at nearly two trillion dollars. The company aims to fund its ambitious AI plans with ...
The $138 bn buffer: India’s most visible export can rescue the rupeeIndia is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee ...
West Asia crisis a balance of payments stress test, India better placed to navigate: NageswaranIndia's Chief Economic Advisor V. Anantha Nageswaran described the West Asia crisis as a "live balance of payments stress test" impacting i...
Pakistan's economy gasps as Middle East war ignites double-digit inflationPakistan's economy faces a grim future with inflation expected to stay high. Soaring oil prices and regional conflict are straining the nat...
US national debt crosses 100% of GDP: America now owes more than its entire economy produces — and the $1 trillion interest payments alone now outpace the PentagonU.S. debt-to-GDP ratio hit 100.2% on March 31: For the first time since the ruins of World War II, the United States national debt has surp...
Commerce minister Piyush Goyal to meet exporters, industry associations on April 27Commerce Minister Piyush Goyal will meet export councils and industry leaders on April 27. The meeting aims to boost India's outbound shipm...
West Asia War: India’s BBB rating seen stable despite energy shock; S&P flags corporate stress, weaker credit growthWest Asia War: India's sovereign rating remains stable despite rising energy costs. However, supply disruptions for food and fuel could imp...
Ballooning revenue deficit is far more worrisome than nominal slippage in fiscal deficitThe revenue deficit has been breached by a huge margin in the Budget. As against the target of 1.9% of GDP, RD for the current fiscal is es...
China's capital deficit balloons in FYQ3The capital account deficit expanded to $ 81.6 billion (502 billion yuan) compared with $ 16.2 billion in the April-June period.
India's trade deficit with China balloons to $12 billionAccording to the data released by Chinese Customs, the India-China bilateral trade touched $ 26.5 billion till May 2013.
Ballooning deficit and the Union Budget 2012For the year ahead, we can expect a 7% growth, a reduction in rates by 100 bps and an average of 7% inflation. Accept this as the new basel...
- India's ballooning deficit rattles rating agencies
Alarm bells are ringing at global credit rating agencies over India's new "spend, spend, spend" mantra for escaping a deepening economic sl...
- India may face downgrade as deficit balloons
India’s rising fiscal deficit, seen at 6 per cent of GDP at end 2008-09, might lead to downgrade of the country by international ratings ag...
- US budget deficit hits record $438 billion
The US government budget deficit is ballooning under the latest estimates from the Congressional Budget Office.