Key Points
Geopolitics, rather than finance itself, would determine the direction of the global economy in the immediate future, says Jamie Dimon, Chairman & CEO, JPMorgan..
The US dollar will remain the dominant monetary unit, Dimon tells Sangita Mehta, MC Govardhana Rangan and Sruthijith KK., in an exclusive interview, underscoring the greenback's undiminished importance as the world's reserve currency..
The Federal Reserve has moved after two years with a rate cut..
But at the end of the day, the real thing that's gonna drive flows will be growth in the economies, and not just the interest rate..
How do you look at India with an ambition to be a $7-trillion economy in relation to our financial markets?..
You might be interested in
Decoding the impact of Israel-Hamas war on global and Indian economy
29, Oct, 23Any retaliation against Tehran might harm ships passing through the Strait of Hormuz, which Iran has threatened to close. This will increase worldwide shipping and insurance expenses and already rising oil prices.
India says Petrochina, other global oil companies keen to build SPRs
03, Aug, 23Chinese oil major Petrochina is among global companies that have shown interest in building new strategic petroleum reserves (SPRs) in India, the country's junior oil minister said on Thursday.
'India's neutral geopolitical stance to help attract FDI, overseas business'
06, Nov, 23India's neutral geopolitical position has benefited the country in terms of FDI flows and international business. Redirection of FDI into friendly destinations can be seen in the data and India is benefiting in particular relative to China with regards to FDI coming from the US, says Claudio Irigoyen, head of global economics research at Bank of America.
Pricier oil, further rupee fall, trade disruptions — how a prolonged Israel-Hamas war could hurt India
09, Oct, 23If the war is over within two weeks, the impact on India will likely be restricted to the stock market. Any longer, and the spillover could be broader.
Oil climbs on supply concerns after Israel-Hamas clashes
09, Oct, 23Oil prices soar by as much as 5% as fears of tightening supply drove Brent crude futures as high as $89 per barrel and US crude futures topping $87 a barrel
We have to be positive on India and great returns will be made: Sunil Singhania
13, Nov, 23“We have been slightly more constructive towards the PSU banks. Banks have done very well performance wise and in terms of fundamentals, but the stocks have not participated. It is the second and third tier PSU banks which have participated. We think there is still merit, particularly in some of the larger second tier banks.”
More EMI pain for borrowers? RBI’s rate hiking days may not be over yet with high oil price pressures & global turmoil
06, Nov, 23RBI not done with rate hikes? Global markets are closely monitoring the tense geopolitical situation in Europe and the Middle East, as it could impact
Indian real estate market makes a strong case for more investment
28, Mar, 23India Business News: The India growth story remains compelling and its journey towards becoming the third largest economy is expected to open immense opportunities for global investors.
High interest rates to slow down global economy, says World Bank
08, Jun, 23The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic.
US will be India's best natural ally for a 100 years; world needs to prepare for 7% Fed rate: JPM boss Jam
27, Sep, 23JPMorgan chairman and CEO, Jamie Dimon, believes that global financial metrics could worsen before improving. He sees a shift in supply chains from China to India due to resilience reasons, not anger towards China. Dimon highlights the need for fair regulations, transparency, consistency of taxes, and rule of law to attract more businesses to India. He also discusses the potential risks of rising interest rates and said JPM is now ready to face even 7% Fed rate. Dimon expresses his confidence in the enduring India-US partnership and JPMorgan's commitment to India.