Business

India rules out joining world’s largest trade deal, accuses China of ‘very opaque’ trade practices

[ad_1] Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not […]

Business

It’s a big week for central banks around the world, with a slew of rate moves on the table

[ad_1] Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A flurry of major central banks will hold monetary policy meetings this week, with investors bracing for interest rate […]

Real Estate

Milken Institute discusses report on China’s ‘best-performing’ cities

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Perry Wong, managing director of research at the Milken Institute, discusses its report “Best-performing cities China 2023–2024: the nation’s most successful economies,” including the underperforming ones, saying “debt is not the most severe factor.” [ad_2] Source link

World News

CNBC’s Inside India newsletter: Could Hindenburg’s latest allegations have wider implications for India?

[ad_1] This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story No one is questioning India’s sovereignty, as the world’s largest democracy marks 77 […]

Banking

Lagarde says ECB will cut rates soon, barring any major surprises; notes ‘extremely attentive’ to oil

[ad_1] European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices “very closely” amid elevated fears of a spillover conflict in the Middle East. However, since Iran’s unprecedented air […]

Business

Turkish annual inflation soars to 67% in February

[ad_1] The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations. Analysts polled by Reuters had anticipated annual inflation would climb to 65.7% last month. The […]

Real Estate

Britain to lead 2024 European real estate boom as international buyers eye opportunities, research says

[ad_1] Aerial view of the roof gardens at Gasholder Park in Kings Cross, London. Richard Newstead | Moment | Getty Images The U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region’s strained property market. An anticipated fall in interest rates and modest economic revival […]

Business

El-Erian, Krugman and other economists have very different opinions on China’s struggling economy

[ad_1] Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images China’s economy is sputtering. Its property market is crumbling, deflationary pressures are spreading across the […]

Business

Somali pirates are back on the attack at a level not seen in years, adding to global shipping threats

[ad_1] PUNTLAND, SOMALIA – JANUARY 29: Puntland Maritime Police Forces (PMPF) are patrolling against the recently increasing pirate attacks off the coast in Puntland, Somalia on January 29, 2024. (Photo by Abuukar Mohamed Muhidin/Anadolu via Getty Images) Anadolu | Anadolu | Getty Images Somali pirates are back on the attack, with piracy around the Horn […]