The NITI Aayog on Saturday said that the public policy think tank was set up as an institution with the mandate of cooperative federalism with a premise that strong states make a strong nation. NITI Aayog was responding to Telangana Chief Minister K Chandrashekar Rao’s allegations of the Centre not treating states … Read more
Nonbank mortgage payrolls declined for the second consecutive month, but with mass firings increasing towards the end of June, the most recent statistics fail to represent the full extent of recent workforce reductions in the field. Combined estimates for mortgage banker and mortgage broker payrolls in June totalled 410,000, compared with a slightly downward revised … Read more
New data has revealed the extent HELOCs have grown this year as the popularity of refinances plunges in the current high interest-rate environment. According to mortgage-industry data provider Attom, home equity line of credit volumes increased 6% in the first quarter this year versus the final three months of 2021, and 27.6% year-over-year to total … Read more
India cannot sign trade agreements with large export markets without reducing tariffs on alcoholic beverages, according to a report by think tank Indian Council for Research on International Economic Relations (ICRIER). India, to gain market access for, must offer phased tariff liberalisation in high-growth areas such as wine, said … Read more
Coinbase junk bonds tank amid market rout and creditors’ fears The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in Q1 and fears over what could happen in the event of a bankruptcy. According to bond trading data from Trace Bonds, both of Coinbase’s junk bond offerings have dropped roughly 17% and … Read more
NEW DELHI: Top 10 FPI favourite stocks in the BSE500 pack are facing heavy selling pressure, as the institutional category continued to dump domestic equities, in the light of record low rupee, high valuations and better opportunities elsewhere. Data showed eight of the top 10 FPI-owned stocks saw cuts in institutional exposure in the March … Read more
New Delhi: Shares of Adani Wilmar were locked in the lower circuit for the third straight session on Friday, thanks to a muted performance in March 2022 quarter, and a sharp selloff in broader markets. The stock, which has been on a downtrend for the last six sessions, has lost 26.4 per cent from its … Read more
Chinese stocks suffered their worst selloff in more than two years and the yuan hit its lowest level since late 2020, as investors worried that strict policies to combat Covid-19 would add to the pressures weighing on China’s economic growth and corporate profits. The battle with the Omicron variant of Covid-19 is adding to a … Read more
© Reuters. FILE PHOTO: Swedish and Finnish tanks are seen during a military exercise called “Cold Response 2022”, gathering around 30,000 troops from NATO member countries plus Finland and Sweden, amid Russia’s invasion of Ukraine, in Evenes, Norway, March 22, 2022. STOCKHOLM (Reuters) – Military spending in Europe and Russia surged in the run-up to … Read more
Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. The benchmark CSI 300 Index dropped as much as 2.7% to the lowest since June 2020, wiping out gains from a … Read more