Friday 22nd March 2019,
Radio Metta

economy

Gold hits 6-month peak on stock sell-off, decelerating economy

Gold hits 6-month peak on stock sell-off, decelerating economy

Gold options activity explodes   11:17 AM ET Mon, 24 Dec 2018 | 07:01 Gold scaled a six-month peak on Monday as sliding stock markets and concerns about a global economic slowdown sapped risk sentiment, driving investors to seek safety in the precious metal. Spot gold gained 1 percent to $1,268.38 per ounce at 1:40 p.m. [...]

December 26, 2018 Loknath Das Business Comments Off on Gold hits 6-month peak on stock sell-off, decelerating economy

What Gujarat election results mean for business, economy, reforms and markets

What Gujarat election results mean for business, economy, reforms and markets

Prime Minister Narendra Modi flashing a victory sign outside parliament on Monday. Trends from Himachal and Gujarat election results show that the BJP is set to form the government in both the states. Photo: ANI/Twitter Mumbai: The Bharatiya Janata Party’s (BJP’s) victory in Gujarat is being seen as a vindication of the centre’s policies such as [...]

December 19, 2017 Loknath Das Business Comments Off on What Gujarat election results mean for business, economy, reforms and markets

Education cuts are a false economy – please, Theresa May, reconsider

Education cuts are a false economy – please, Theresa May, reconsider

Last week my son brought home a letter from the head of his comprehensive, outlining the curriculum reorganisation it is pushing through because the school has run out of money. Administration staff have already been made redundant, and teaching posts are under threat. If the current government is re-elected the funding squeeze will continue, the [...]

May 27, 2017 Loknath Das Education Comments Off on Education cuts are a false economy – please, Theresa May, reconsider

Everything is going right for Indian economy, says KV Kamath

Everything is going right for Indian economy, says KV Kamath

Sounding exuberant, veteran banker and New Development Bank (NDB) President K V Kamath has said everything is going right for India at present and the third largest Asian economy will witness a “sudden uptick” in fortunes soon. “Everything is going right… the government should keep the accelerator fixed firmly to the ground,” Kamath, who is [...]

October 15, 2016 Saheli Business Comments Off on Everything is going right for Indian economy, says KV Kamath

Brexit latest: How is the UK economy doing?

Brexit latest: How is the UK economy doing?

Economy The Bank of England has cut interest rates from 0.5% to a record low of 0.25%amid uncertainty over the Brexit process and worries about productivity and economic growth. It’s the first cut since 2009. The Bank has also announced a range of measures to stimulate the economy and made the biggest cut to growth [...]

August 5, 2016 Saheli Business Comments Off on Brexit latest: How is the UK economy doing?

China’s innovation economy a real estate bubble in disguise?

China’s innovation economy a real estate bubble in disguise?

Innovation centres have been popping up around China and are set to more than double to nearly 5,000 in the next five years, according to internet research firm iiMedia. The only problem for local governments is that entrepreneurs are not moving in. Many centres are in small Chinese cities or towns, not ideal locations for [...]

July 25, 2016 Saheli Real Estate Comments Off on China’s innovation economy a real estate bubble in disguise?

China’s innovation economy a real estate bubble in disguise?

China’s innovation economy a real estate bubble in disguise?

  The Chinese government’s call to the nation to build an innovation-driven economy from the top down has sparked a rush by local governments to construct new buildings in the name of supporting creativity. Innovation centres have been popping up around China and are set to more than double to nearly 5,000 in the next [...]

July 7, 2016 Saheli Real Estate Comments Off on China’s innovation economy a real estate bubble in disguise?

IMF sees U.S. economy in ‘good shape’, too many in poverty

IMF sees U.S. economy in ‘good shape’, too many in poverty

The International Monetary Fund said on Wednesday the U.S. economy was “overall in good shape,” with growth set to regain momentum despite an overvalued dollar, but it warned that too many Americans were dropping out of the workforce or living in poverty. The IMF expects U.S. economic growth of 2.2 percent in 2016, a downgrade [...]

June 22, 2016 Saheli Business Comments Off on IMF sees U.S. economy in ‘good shape’, too many in poverty

U.S. energy economy diversified, White House says

U.S. energy economy diversified, White House says

A balanced energy portfolio suggests the U.S. economy won’t take any major hits from lingering weakness in the oil sector, a White House spokesman said. The U.S. Energy Information Administration said last week it expected domestic production to decline in most of the Lower 48 states and Alaska because of the pressure from lower crude [...]

April 19, 2016 Saheli Business Comments Off on U.S. energy economy diversified, White House says

Oil prices recover on U.S. economy, inventory data

Oil prices recover on U.S. economy, inventory data

NEW YORK, March 30  — A soft build in U.S. crude oil stocks was buffered by a report showing domestic well costs have declined, sending oil prices higher early Wednesday. Crude oil prices plummeted Tuesday as supply-side strains added to concerns emerging before U.S. Federal Reserve Chair Janet Yellen took to the podium to offer [...]

March 30, 2016 Saheli Business Comments Off on Oil prices recover on U.S. economy, inventory data

Oil economy of Texas shows mixed success

Oil economy of Texas shows mixed success

DALLAS, March 29  —Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. A report last week from the bank suggested the oil-rich economy in Texas was facing headwinds because of pressure from lower crude oil prices. “Declines in energy [...]

March 29, 2016 Saheli Business Comments Off on Oil economy of Texas shows mixed success