Unveiling China’s Shadow Bank Turmoil: Investors Protests Signal Economic Distress
STORY HIGHLIGHTS A group of investors staged a protest outside the office of Zhongrong International Trust Co, one of China's major shadow banks, after it once again failed to fulfill payments…
Small Businesses Boost US Private Payrolls in July
WASHINGTON (Reuters) - U.S. private payrolls rose more than expected in July as small businesses boosted hiring, pointing to continued labor market resilience that could shield the economy from a recession.…
Fitch Downgrades US Credit Rating to AA+: Exploring the Impact and Reactions
Credit Downgrade and Its Reasons Fitch Ratings has downgraded the US' sovereign credit grade from AAA to AA+ due to ballooning fiscal deficits and erosion of governance. This deterioration in…
Rice Prices Set to Climb Further After India Export Ban, Trade at Standstill
Summary Introduction Asian rice trade paused on Friday to digest the previous day's ban by India, the world's biggest supplier, of a major share of its rice exports. This decision…
Delhi-NCR Power Plants Must Blend Coal with Crop Residue Pellets
The Ministry of Environment, Forest & Climate Change has issued a notification on July 11, mandating coal-based power plants in the Delhi-NCR region to blend a minimum of 5% pellets…
India’s Automobile Exports Plunge 28% Amid Monetary Crisis
The latest data shared by industry body Society of Indian Automobile Manufacturers (SIAM) reveals that automobile exports from India have witnessed a significant decline of 28% in the April-June period…
Explosive Surge in Smartphone Exports: India’s Q1, FY24 Figures Revealed!
Smartphone Exports in India for Q1, FY24 MonthExport Value (in crore)April8,940May11,904June9,924 In the first quarter of the fiscal year 2024 (Q1, FY24), India witnessed a significant growth in smartphone exports.…
Shocking Decision: 28% GST on Online Gaming, Horse Racing, Casinos – Find Out Why!
GST Council Imposes 28% Tax on Online Gaming, Horse Racing, Casinos The Goods and Services Tax Council, in its 50th meet held in New Delhi on Tuesday, has decided to…
Warning Signs for Singapore and Indonesia Amid China’s Weak Recovery – Growth Outlook Downgraded!
Key Points: The growth outlook for Singapore and Indonesia has been downgraded, primarily influenced by the global economic slowdown and China's sluggish recovery. A recent Consensus Survey on Asian Economies,…
Pakistan and IMF Strike $3 Billion Deal to Avert Economic Collapse
Pakistan and the International Monetary Fund (IMF) have finally reached a bailout deal worth $3 billion, providing much-needed respite for the country on the verge of economic collapse. The agreement,…
India Approves $2.7 Billion Micron Semiconductor Chip Testing Plant | PM Modi’s U.S. Visit
New Delhi/Washington - India's cabinet has given the green light to Micron Technology's $2.7 billion plan to establish a semiconductor testing and packaging facility. A senior government source, speaking on…
Stock Market Shake-Up: GameStop, Wynn Resorts, Lucid, Adobe, and More Experience Dramatic Pre-market Swings
In the dynamic pre-market trading session, several stocks are capturing attention with their notable price movements. Here's a breakdown of the companies experiencing significant shifts: As the market continues to…
