Posts in category Economic Times
Why the US dollar is causing chaos across Asia (17-04-2024)
US Dollar's surge causes chaos in Asia, impacting Taiwan, India, Malaysia. Emerging-market currencies plummet as US economic performance weakens Fed rate cut expectations. Asian central banks take cautious measures to support currencies amid US interest rate concerns.
Bajaj Auto Q4 results preview: PAT likely to grow 29% YoY, revenue growth seen at 24% (17-04-2024)
Bajaj Auto anticipates a 29% YoY jump in PAT to Rs 1,606 crore for Q4FY24, driven by higher sales volume, richer product mix, and commodity tailwinds. Revenue expected to grow by 24% YoY.
Oil prices dip as demand concerns outweigh Middle East supply fears (17-04-2024)
In China, the world's biggest oil importer, the economy grew faster than expected in the first quarter, but several March indicators, including property investment, retail sales and industrial output, showed that demand at home remains frail, weighing on overall momentum.
Australian shares flat as miners counter gains in banks, gold stocks (17-04-2024)
U.S. Federal Reserve Chair Jerome Powell said on Tuesday that a string of disappointing data will likely cause the central bank to take longer than expected to become confident that inflation is falling.
BJP manifesto gives 9 themes for investors in stock market (17-04-2024)
BJP manifesto offers 9 themes for investors in stock market, including affordable housing, tourism, railway infrastructure, electric vehicles, MSMES working capital, natural gas, pharmaceuticals, and FMCG sector.
Gold steady as geopolitical risks counter higher treasury yields (17-04-2024)
Gold prices hold steady amidst Middle East tensions and safe-haven demand. Federal Reserve remains cautious on interest rates. Israeli tanks re-enter Gaza. Barrick Gold reports lower production. Silver, platinum, and palladium prices fluctuate.
Gold steady as geopolitical risks counter higher treasury yields (17-04-2024)
Gold prices hold steady amidst Middle East tensions and safe-haven demand. Federal Reserve remains cautious on interest rates. Israeli tanks re-enter Gaza. Barrick Gold reports lower production. Silver, platinum, and palladium prices fluctuate.
Asian shares mixed as Fed’s Powell rethinks rate cuts, yields jump (17-04-2024)
Asian shares reacted to the dollar's strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell's cautious stance and IMF's growth forecast added to the market dynamics.
Auto battery makers shine on EV prospects (17-04-2024)
Exide and Amara Raja stocks soared due to increasing EV demand. Analysts foresee bright prospects for Exide with Hyundai and KIA partnership, government aid, and EV market growth. The companies are set to capitalize on the rising trend.