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SBI Report: No direct impact of oil price hike on India's fiscal situation
The retail fuel price hike of Rs 3 per litre has been implemented to reduce the losses incurred by oil marketing companies (OMCs) due to unchanged fuel prices amidst rising Brent crude prices. While consumer price inflation shows an immediate upward trend, the SBI research report Ecowrap, suggests t...
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US firms commit over USD 60 bn investment in last 6 months: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Thursday said investment commitments from American companies in the last six months are estimated to exceed USD 60 billion, including major data centre investments by firms such as Amazon and Google.
He said India provides a trusted framework for glo...
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India's job engine strains as Iran war hits remittances and trade
The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country's manufactured exports, from leather goods to glassware.
For decades, work in the Middle East and global demand for labour-intensive manufacturing in secto...
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RBI not in favour of rate hikes to defend rupee, prioritises inflation
India's central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation - not the currency - will guide policy on borrowing costs.
The Reserve Bank of India has other levers it has yet to ...
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That sinking feeling: Rupee@100 is a mental fear, not macro nightmare
The rupee has been undergoing intense pressure due to a prolonged geopolitical stalemate in the Middle East that has driven up global crude oil prices. After slumping to an all-time closing low of 96.96 against the US dollar on Thursday, the currency staged a brief recovery to end at 96.36 following...
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Informal sector employment rises 15.5% in March quarter
The unincorporated non-agricultural sector recorded a notable 15.5% year-on-year growth in employment during the January-March quarter of 2026 compared with the corresponding quarter of 2025. The surge was primarily driven by the “Other Services” sector, which posted more than 31% YoY employment gro...
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More steps to check current account deficit on the anvil: Piyush Goyal
After taking a series of steps to curb precious metal imports, the government is now set to announce more measures to prevent the current account from running into a big deficit.
“Several steps are under consideration. Various arms of government are working as a team. The situation is globally qu...
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‘Let the rupee depreciate below 100 to dollar’: Former NITI Aayog VC tells RBI
Chairman of the 16th Finance Commission and former NITI Aayog Vice-Chairman Arvind Panagariya has called on the Reserve Bank of India to allow the rupee to depreciate gradually instead of supporting it through artificial measures. His argument comes as the rupee approached historic lows and the one-...
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Switch to biogas, reduce LPG dependence amid Hormuz crisis: PM Modi to Ministers
With the West Asia crisis and the blockade of the Strait of Hormuz putting pressure on energy supplies, Prime Minister Narendra Modi on Thursday (May 21) asked the Council of Ministers to urgently explore alternative energy sources, including a stronger push for biogas as a substitute for Liquefied ...
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US Manufacturing PMI surges to 48-month high in May but Middle East war is squeezing demand and pushing prices up
S&P Global has released the May flash Purchasing Managers’ Indices (PMIs) for the United States, which are viewed as early indicators of the country’s economic health.
The S&P Global US Composite PMI remained stable at 51.7 in May 2026, indicating resilient private sector activity despite a slowd...
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Hormuz closure threatens recession rivaling 2008, Rapidan Energy Group says
A closure of the Strait of Hormuz through August raises the risk of an economic downturn that comes close to the scale of the Great Recession in 2008, according to Rapidan Energy Group.
The advisory firm’s base case assumes the waterway reopens in July, resulting in an average oil demand reductio...
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US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
Fewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy.
U.S. applications for unemployment benefits for the week ending May 16 fell by 3,000 to 209,000, the Labor Department reported Thursday. That's fewer than th...
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German Economy Grows by 0.3% in Q1, Driven by Exports
The ?German economy grew ?by 0.3% in the ?first quarter of 2026 ?compared ?with ?the previous quarter, the statistics office said ?on Friday, confirming its preliminary reading.
Exports rose ?considerably at the start of ?the ?year, helping Germany's ?economic ?performance, said Ruth Brand, presi...
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UK Borrowing Jumps as Reeves Faces up to Iran War Challenge
Britain's public finances showed the biggest ?shortfall ?since the COVID-19 pandemic in April in ?what could be an early taste of the budget hit facing finance minister Rachel Reeves caused ?by the Iran war.
Borrowing during the month was 25% higher than in April last year at 24.3 billion pounds ...
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UK Retail Sales Drop by Most in Nearly a Year as Drivers Buy Less Fuel
British retail sales fell ?by ?the most in nearly a year ?in April as fuel sales plummeted, according to official figures published on ?Friday that added to signs of waning consumer spending against the backdrop of the Iran war and rising ?energy costs.
Retail sales volumes slid by ?1.3% in April...
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ECB Will Have to Respond to Inflation Increase, EU's Dombrovskis Says
?European Economy ?Commissioner Valdis Dombrovskis ?said on ?Friday that it ?is ?clear ?the European Central Bank will need ?to react to rising ?inflation.
"So it's clear that ?the ECB ?will ?help to ?respond to the increase ?in ?inflation. So we are forecasting ?inflation of 3.1% this year. So i...
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New Zealand Central Bank to Hold Rates at 2.25% on May 27; Slim Majority Expect Q3 Hike: Reuters Poll
The Reserve Bank of ?New ?Zealand is expected to keep its ?key policy rate unchanged on Wednesday but a slim majority of economists in ?a Reuters poll now forecast one or more hikes by end-September as a global energy shock threatens to lift ?inflation expectations.
All but one of 29 ?economists ...
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Japan Will Avoid Over-Reliance on Debt for Extra Budget, Finance Minister Says
Japanese ?Finance Minister Satsuki ?Katayama said on Friday the government will ?seek to avoid overly relying on new debt issuance ?if it were to ?compile an extra budget.
Prime Minister Sanae ?Takaichi said ?on Monday she had asked her cabinet to ?consider compiling a supplementary budget to fun...
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Japan's Core Inflation Hits 4-Year Low, Rebound Eyed on Energy Shock
Japan's annual core inflation slowed to ?a ?four-year low in April due to the ?effect of subsidies on fuel and education, data showed on Friday, though analysts expect surging ?fuel costs from the Middle East war to accelerate price growth in coming months.
While government measures are offsettin...
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Euro Zone Consumer Confidence Rises to -19.0 in May
Euro ?zone consumer ?confidence rose ?by 1.6 points ?in May ?from ?the ?April number, figures released on ?Thursday showed.
The European Commission ?said a flash estimate ?showed ?euro zone ?consumer morale ?increased to -19.0 this ?month ?from -20.6 in April.
Economists polled ?by Reuters had...
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US mortgage rates hit highest level in nearly nine months, borrowing costs rise for homebuyers
The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported....
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Source - Yahoo India Finance @ 04:05 |
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