As the Chinese economy faces challenges in its post-pandemic recovery, Chinese authorities have taken steps to bolster sales in the automobile and electronics sectors. However, these measures have failed to meet investor expectations, who are calling for more robust stimulus to stimulate growth.

Adani’s 34,000 crore PVC project in Mundra would be funded by a consortium of PSBs led by SBI. According to a report by The Hindu Businessline (BL), a group of banks led by the State Bank of India (SBI) have agreed to fund a significant portion of the 34,000 crore polyvinyl chloride (PVC) project in Mundra by the Adani Group. The PVC project is expected to reach a financial close by the middle of August with loan support from SBI. 

The aftermath of Tayyip Erdogan’s victory in May’s Presidential vote brought mixed fortunes for the Turkish financial market. While some sectors witnessed a surprising rally, others endured significant losses, with the lira taking a severe hit. This article explores the extreme moves in the Turkish financial Market’s Rollercoaster Ride and delves into what investors are keeping an eye on for the future.

During the first half of 2023, the largest US banks spent more than $1 billion on severance payments, highlighting the high cost of winding down Wall Street’s excessive expansion during the coronavirus pandemic.

The US Fed will soon begin offering a long-awaited service that aims to update the nation’s financial infrastructure by eventually enabling regular Americans to send and receive money in seconds, around the clock, seven days a week.

According to official figures, inflation in the UK dropped more than forecast in June and slowed to 7.9%, which will lessen pressure on the Bank of England to continue hiking interest rates substantially.

The French administration is devising a plan to slash its expenditures by €4.2 billion ($4.71 billion) in 2024, as per the initial budget projections presented to the parliament. This marks the first reduction in spending compared to the preceding year in nearly ten years. Budget Minister Gabriel Attal disclosed that this decrease would result in a 3.5% year-on-year decline when adjusted for inflation.

According to reports private equity firms such, as Bain Capital are currently in discussions to acquire Adani Capital, the shadow bank owned by Gautam Adani. Adani is looking to sell off core businesses in order to concentrate on its core operations. Bain Capital is expected to offer around Rs 1,500 crore for the company, which has experienced growth, in its assets under management and has shown financial performance in the fiscal year 2023.

New predictions offer a dismal picture for the upcoming general election, showing that Britain’s economic growth will lag the euro area next year and that inflation will remain persistently high.

In order to promote cross-border financial transfers, India and Indonesia intend to settle bilateral transactions s in local currencies and connect their quick payment systems, according to a top Indian government official.

In light of the surge in travel demand brought on by border reopenings, Hong Kong’s Cathay Pacific Airways said on Friday that it anticipates making a profit of up to

According to statistics released by the Commerce Ministry on Friday, India’s wholesale inflation decreased for the third consecutive month in June, falling to 4.12% on an annual basis from a contraction of 3.48% in May. It was 16.23 percent in June of the previous year.