Key Points
Beating estimates, Indias GDP expands 7.2% in FY23 on back of robust expansion in agriculture, construction, and services sectors..
Indias economy grew at 7.2% in FY23, beating the 7% official forecast, driven by robust expansion in agriculture, construction, and services sectors and a rebound in manufacturing in the March quarter, data released by the National Statistical Office on Wednesday showed...
U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June...
Most analysts foresee the bill's approval and U.S. President Joe Biden said on Wednesday he expected the debt ceiling bill on his desk by next Monday.. The Labor Department reported that U.S. job openings unexpectedly rose in April, reflecting persistent labour market strength that suggests pressure on wages and inflation...
You might be interested in
Stock Market LIVE: Sensex, Nifty to start on steady note; SGX Nifty in green
29, May, 23Share Market LIVE Updates: Benchmark indices expect a positive momentum at the start on Monday as SGX Nifty trades higher. Wall Street ended higher on Friday amidst progress in debt ceiling talks. Asian markets are also trading higher mostly in the morning session.
US Debt Ceiling Crisis: Implications for the financial markets till June 5 and beyond
29, May, 23The world market was watching the US debt ceiling negotiation with eagle eyes, as not reaching consensus could have unprecedented consequences for the world economy.
US 5-year credit default swaps rise to highest in 13 years
25, Apr, 23The spreads on US five-year credit default swaps widened to 60 basis points. This is more than double the level they stood at the start of 2023 and represents the highest level in 13 years
Data recap: Services trade, diabetes woes, and more
29, Jun, 23News and developments from the week gone by, through numbers and charts.
Sensex, Nifty snap three-day losing run but post weekly decline
19, May, 23India Business News: The Indian stock market rose on Friday as investors looked forward to news of a potential U.S. debt ceiling deal. The benchmark indexes gained 0.41% t