Slightly more Americans applied for unemployment benefits last week, but layoffs remain historically low. US jobless claims filings rose by 2,000 to 223,000 for the week ending March 15, the Labor Department said Thursday. That’s just less than the 224,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a proxy for layoffs, … Read more
In a closely watched decision on Wednesday, the United States Federal Reserve (Fed) maintained its benchmark interest rates, as widely expected, but indicated that rate reductions are likely later in the year. Follow our live coverage here. Amid growing concerns over the impact of tariffs on an already slowing economy, the Federal Open Market Committee … Read more
US Fed Meeting Live Updates: The US Federal Reserve is set to announce its policy decision today, with markets watching for signals on future rate cuts. Follow live updates on the FOMC’s stance and economic projections. The US Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its latest policy decision today at … Read more
A recent survey has revealed that 34% of families in India have at least one bank account they cannot access online, citing issues such as KYC compliance, login failures, and dormant status. The findings come as the Reserve Bank of India (RBI) raises concerns over poor banking services, with customer complaints under its Integrated Ombudsman … Read more
Reserve Bank and the Bank of Mauritius (BOM) have signed a pact for establishing a framework to promote the use of the Indian Rupee and the Mauritian Rupee (MUR) for cross-border transactions. The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K, the … Read more
The Aluminium Association of India (AAI) has urged the government to extend the Remission of Duties or Taxes on Export Products (RoDTEP) Scheme for aluminium-producing units operating under Advance Authorisation (AA), Export Oriented Units (EOUs), and Special Economic Zones (SEZs). India is the second-largest aluminium producer globally, with an annual production capacity of 4.1 million … Read more
The United States and India are on track to arrive at a mutually beneficial trade agreement, said Tulsi Gabbard, US Director of National Intelligence. Gabbard, in India as part of a multi-nation tour, said both countries have the opportunity to seal a deal that will strengthen economic ties between them. Speaking to ANI on the sidelines … Read more
China’s economy likely showed stability in the first two months of the year, despite US President Donald Trump returning to office and almost instantly starting a second trade war with Beijing. As policymakers keep stimulus in reserve for tariffs, data due Monday will show retail sales picking up and investment staying steady from last year’s … Read more
India and New Zealand have announced the resumption of negotiations for a Free Trade Agreement (FTA), a decade after talks were stalled in 2015. Discussions on the Comprehensive Economic Cooperation Agreement (CECA) were first initiated in April 2010 to enhance trade in goods, services, and investment. However, after nine rounds of negotiations, progress came to … Read more
Real estate developers have acquired 5,885 acres of land during 2022-24 for ₹90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for ₹8,112 crore and 1,947 acres in 2023 … Read more