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GDP Growth & Recession Forecasts

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India appoints Sanjay Malhotra as new central bank governor amid economic challenges
India has appointed Revenue Secretary Sanjay Malhotra as the new governor of the Reserve Bank of India, succeeding Shaktikanta Das. Malhotra takes charge during a critical period as the country grapples with rising inflation and aims to maintain economic growth, with the central bank recently holding interest rates steady at 6.5%. He faces challenges including a governmental push to relax guidelines affecting state-controlled banks amid concerns over economic performance.
CNBC
Indian Rupee International Monetary Fund FUND IND Shaktikanta Das Sanjay Malhotra
Finance & Economy, News Article
13:24 09.12.2024
grand theft auto vi poised to dominate gaming industry in 2025
Grand Theft Auto VI is poised to dominate the video game industry in 2025, potentially becoming the biggest game of the decade and the most lucrative entertainment product ever. Its predecessor, Grand Theft Auto V, has sold 205 million units and generated around $9 billion in revenue, surpassing the combined box-office earnings of the top three films. With such impressive figures, expectations for the upcoming release are exceptionally high.
Bloomberg.com
United States Dollar Microsoft Corp USA
Finance & Economy, Market Report
13:00 09.12.2024
World Bank launches 100 billion investment program for global development initiatives
The World Bank is launching a $100 billion investment program aimed at transforming infrastructure and services in 78 of the world's poorest countries, focusing on education, health, and climate adaptation. This initiative seeks to break the cycle of poverty by creating sustainable economic opportunities and enhancing climate resilience.To achieve this goal, the World Bank has implemented an innovative financial strategy, leveraging donor contributions and borrowing from financial markets. Notably, former aid recipients like China, Turkey, and South Korea are now contributing to development financing, marking a significant shift in global cooperation and solidarity.
YOP L-FRII
United States Dollar ESP NOR KOR CHN USA TUR Show more
Finance & Economy, Press Release
12:24 09.12.2024
government plans budget cuts for udan scheme amid declining passenger traffic
The central government is expected to reduce funding for the UDAN scheme in the FY26 budget due to persistently low passenger traffic. Many domestic airlines have limited ticket sales on routes operational for over three years, with some flights being discontinued, prompting a reevaluation of the scheme's financial viability. Increased competition from high-speed railways and rising fuel costs have further pressured airlines to withdraw from unprofitable routes.
Moneycontrol
IND
Finance & Economy, News Article
12:18 09.12.2024
Czech Republic introduces laws to attract crypto investment and become a hub
The Czech Republic has enacted new laws to position itself as a European crypto hub, introducing a three-year tax exemption for capital gains on cryptocurrencies and facilitating easier banking access for crypto companies. This initiative aims to attract global entrepreneurs and enhance the country's competitive edge in the digital economy, coinciding with the EU's upcoming crypto market regulation, MiCA. With a rich history in the crypto sector, exemplified by the Trezor hardware wallet, the Czech Republic seeks to capitalize on its potential as a leading destination for crypto innovation.
The Cryptonomist
Euro CYP PRT GRC MLT SVN LTU EST DEU CZE Jan Skopeček Show more
Finance & Economy, Market Report
11:43 09.12.2024
India's copper demand surges 13 percent driven by economic growth and infrastructure
India's copper demand surged by 13% to 1,700 kilo tonnes in FY24, driven by robust infrastructure development and building construction, according to the International Copper Association India. This growth, which follows a 21% annual increase post-Covid, is expected to continue as investments in these sectors rise, contributing significantly to GDP.
Moneycontrol
Indian Rupee IND Mayur Karmarkar
Finance & Economy, Market Report
11:40 09.12.2024
Milei's austerity measures spark mixed reactions amid Argentina's economic crisis
Argentina's President Javier Milei, a libertarian leader, has maintained high approval ratings despite implementing severe austerity measures that have deepened the economic crisis and increased poverty. His administration's spending cuts have sparked protests, particularly among pensioners and state workers, yet many supporters remain hopeful for future recovery. As Milei navigates a challenging political landscape, he faces the dual task of reviving the economy while managing public discontent over rising living costs.
reuters.com
United States Dollar Tesla, Inc. USA ARG Donald Trump Adam Jourdan Daniel Wallis Claudio Arevalo Javier Milei Juan Agustin Marina Dal Poggetto Agustin Marcarian Elon Musk Kari Lake Show more
Finance & Economy, News Article
11:35 09.12.2024
Indian markets decline as FMCG and auto stocks weigh down indices
The Indian equity markets closed lower for the second consecutive session on December 9, with the Sensex down 200.66 points at 81,508.46 and the Nifty down 58.80 points at 24,619. Selling pressure was evident in FMCG, PSU Bank, auto, and pharma stocks, while capital goods, IT, and metal sectors saw some buying interest. Notable Nifty losers included Tata Consumer, HUL, and Tata Motors, whereas L&T, Wipro, and SBI Life Insurance were among the gainers.
Moneycontrol
Tata Steel Ltd Wipro Ltd Nestlé India Limited Tata Motors FUT, December 2024, IND Show more
Finance & Economy, Market Report
11:14 09.12.2024
diesel demand rises in november driven by festivals and agriculture needs
Diesel consumption in November rose by 6.8% month-on-month to 8,165 tonnes, driven by the festival season and increased agricultural demand, marking an 8.5% increase from the previous year. This uptick follows a period of low demand due to heavy rains and slower economic growth, with GDP growth at a seven-quarter low of 5.4%. Additionally, a shift in consumption patterns is noted, as petrol demand rises alongside the expanding middle class.
Moneycontrol
Indian Rupee Apple Inc. IND
Finance & Economy, Market Report
11:05 09.12.2024
Reeves advocates for stronger economic ties with EU in Brussels visit
UK Chancellor of the Exchequer Rachel Reeves is visiting Brussels to foster closer economic ties with the European Union. At the Eurogroup meeting, she will emphasize the importance of building a relationship based on trust and mutual respect, aiming to reduce trade barriers and enhance investment opportunities.
Bloomberg.com
British Pound Sterling Euro EuroGroup Laminations S.p.A. GBR Rachel Reeves
Finance & Economy, Press Release
09:38 09.12.2024
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