S&P Global Ratings has suggested that recent regulatory measures taken by the Reserve Bank of India (RBI) could lead to a slowdown in credit growth […]
Category: Finance
U.S. Debt Levels Surge in Q2 2024 Amid High Interest Rates and Inflation
In the second quarter of 2024, U.S. debt levels saw notable increases across various sectors, reflecting the broader economic landscape characterized by persistent inflation, elevated […]
China Allows Funds and Brokers to Use Loans from the PBOC to Buy Stocks
The Chinese government has made an important change by letting funds and brokers borrow money from the People’s Bank of China (PBOC) to buy stocks. […]
Americans Have Officially Run Out of Savings: A Concerning Trend
For the past six quarters, the United States has been facing a worrying trend: the amount saved by households, businesses, and the government, as a […]
India to Update GDP Base Year to 2022-23 for More Accurate Economic Assessment
The government is considering changing the base year for calculating India’s Gross Domestic Product (GDP) to 2022-23, from the current base year of 2011-12, to […]
US Federal Reserve Cuts Interest Rates After Four Years: A 50 bps Reduction, More Cuts Expected This Year
The US Federal Reserve has announced a reduction in interest rates for the first time since the pandemic, as widely anticipated. In a statement, the […]
Asian Bonds Surge in Popularity Among Foreign Investors Amid U.S. Rate Cut Speculations
In August 2024, Asian bond markets experienced a significant boost, marking the fourth consecutive month of attracting foreign capital. This trend is largely fueled by […]
India Hikes Import Duties on Edible Oils to Protect Farmers from Falling Prices
The Indian government has raised import duties on edible oils to support domestic farmers, effective from September 14, 2024. A notification issued by the finance […]
RBI Governor Warns Banks with Large CRE Exposure May Be Targeted by Short Sellers
RBI Governor Shaktikanta Das expressed concerns about banks with significant commercial real estate (CRE) exposure, stating that they could become targets for short sellers. Speaking […]
U.S. Household Net Worth Hits Record High in Q2 2024: Fed Report
The U.S. Federal Reserve has reported that household net worth surged to a record $163.8 trillion in the second quarter of 2024. This increase reflects […]
US Budget Deficit Surges 24% to $1.9 Trillion for October through August
The U.S. budget gap has ballooned to $1.9 trillion for the period of October through August in the fiscal year 2024, marking a significant 24% […]
Global Debt Reaches Unprecedented $315 Trillion in Q1 2024, Soaring by $15 Trillion in 12 Months
Global debt has hit a staggering $315 trillion in the first quarter of 2024, representing an astonishing rise of $15 trillion over the past year. […]