economic news this week
- ECONOMY
GDP Grows in Q3 FY21, But Postulated Q4 FY21 GDP Decline A Statistical Aberration: SBI Research
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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London’s West End Turns Dead End as Shoppers Leave Oxford Street
(Bloomberg) — Kate Moss brought London’s Oxford Street to a standstill in 2007 when the supermodel posed at Topshop’s flagship…
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The Mutual Fund Show: What Should Debt Fund Investors Do As Yields Rise?
MANTRI: Yes, there a couple of things they should know and they should be aware of. One is that, with…
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From Chicago to Geneva, Bonds Blowing Up Captivated Everyone
(Bloomberg) — Thomas Costerg doesn’t usually go to bed with a computer, but he couldn’t help himself Thursday night after…
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Why Texas Broke: The Crisis That Sank the State Has No Easy Fix
(Bloomberg Businessweek) — The Houston skyline was lit pink for Valentine’s Day. It was cold—really cold, at least by the…
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Finance Ministry Says GDP Growth Shows Economy Back To Pre-Pandemic Times
The gross domestic product growth of 0.4% in the December quarter shows that the economy has returned to pre-pandemic times…
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‘Bharat Vyapar Bandh’ Evokes Lukewarm Response
The day-long ‘Bharat Vyapar Bandh’ called by the Confederation of All India Traders evoked a lukewarm response with most shops…
Read More » - ECONOMY
Conservative Power Couple Wage Legal War on Stolen-Election Myth
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
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Is News of U.S. Virus Variants Too Much, Too Soon?
(Bloomberg) — While the U.S. has focused on SARS-CoV-2 variants arriving from across the globe, homegrown strains reported to be…
Read More » - ECONOMY
RBI Calls Digital Currencies A Mixed Blessing
The Reserve Bank of India sees a central bank-backed digital currency as a mixed blessing—such virtual tokens can take away…
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Nestle Considers Options To Directly Sell To Consumers
Nestle India Ltd. is exploring options to sell directly to consumers as the pandemic forced people to turn to the…
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Judge in Google Case Disturbed That Even ‘Incognito’ Users Are Tracked
(Bloomberg) — When Google users browse in “Incognito” mode, just how hidden is their activity? The Alphabet Inc. unit says…
Read More » - ECONOMY
When Does a Commodities Boom Turn Into a Supercycle?
(Bloomberg) — A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be…
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Conservative Power Couple Lead the War Against Disinformation
(Bloomberg) — A pair of self-described conservative lawyers are leading the fight to shut down the U.S. election conspiracy theory,…
Read More » - ECONOMY
Q3 Corporate Performance Points At Robust Manufacturing Growth: ICICI Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Maharashtra Shows It’s Too Early To Declare Covid-19 ‘Herd Immunity’
One year into the Covid-19 pandemic, new evidence is casting doubts over India’s pathway through and out of the pandemic,…
Read More » - ECONOMY
Telecom Spectrum Auctions: All You Need To Know
The total earnest money deposited by the final bidders is Rs 13,475 crore, according DoT. Of this, Reliance Jio Infocomm…
Read More » - ECONOMY
India’s Race To Expand Metro Rail Projects Comes With A Viability Risk
Unviable Metro rails are mostly joint ventures between states and the central governments. While some are built in partnership with…
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California Deaths Hit 50,000; NYC School Cases Low: Virus Update
(Bloomberg) — President Joe Biden said the federal government will distribute Johnson & Johnson’s vaccine as fast as the company…
Read More » - ECONOMY
Delhi Government To Switch Its Fleet Of Cars For Electric Vehicles, Says Deputy Chief Minister
The Delhi government on Thursday announced that it will switch its entire fleet of hired cars for electric vehicles within…
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India Beats China at Its Own Game in Vaccine Diplomacy Battle
(Bloomberg) — India’s huge capacity to make coronavirus vaccines is helping the country take on China in the battle to…
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Inflation Is Uncontainable But Not Inevitable
(Bloomberg Opinion) — Otherwise intelligent people can be surprisingly wrong about economics. The latest example is the claim that current…
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Retail Investors Redirecting Funds Away From Mutual Funds: SEBI’s Ajay Tyagi
A surge in retail participation betting on a rebound from the pandemic-triggered selloff has started to wane. At least that’s…
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Trading Halt: SEBI Assures Underlying Causes, Including Institutional Deficiencies, Will Be Addressed
A day after technical glitches halted trading at NSE for around four hours, market regulator SEBI on Thursday affirmed it…
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Buffett’s Letter to Break Months of Silence Amid Tumult in U.S.
(Bloomberg) — While 2020 raged, Warren Buffett mostly held his tongue. He stayed quiet through a heated presidential election, a…
Read More » - ECONOMY
The Fed May Need to Head Off a Money-Market Mess
(Bloomberg Opinion) — Investors are worried that a flood of cash could soon disrupt U.S. money markets, as the Treasury…
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India’s Economic Recovery Sustains; Growth May Turn Positive In Q4 FY21: Nirmal Bang
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
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Bharti Airtel Raises $1.25 Billion Through Debt Instruments
Bharti Airtel Ltd. on Thursday said it has raised $1.25 billion through issuance of debt instruments. The debt fund raising…
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South Africa Budgets to Provide Free Coronavirus Vaccines
(Bloomberg) — South Africa’s National Treasury said it’s set aside sufficient funds to provide free coronavirus vaccines to all those…
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Deal for Key Metal in EV Revolution Brought Bonanza for Newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known…
Read More » - ECONOMY
Infra.Market Becomes India’s Latest Unicorn After $100-Million Fundraising
Infra.Market has raised $100 million in a growth round led by led by Tiger Global, valuing the procurement marketplace for…
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Global Reflation Fears: Does India Need To Worry?
With governments and central banks continuing to add stimulus to support their respective economies, global markets have started to price…
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Rao’s Homemade Owner Sovos Brands Said to Explore Sale, IPO
(Bloomberg) — Private equity firm Advent International is exploring strategic options for Sovos Brands, a food and beverage company with…
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Shot Hailed as Super Effective; J&J Gets Big Win: Virus Update
(Bloomberg) — The shot made by Pfizer Inc. and BioNTech SE was overwhelmingly effective against the virus in a study,…
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Nvidia Gives Bullish Forecast on Gaming, Data Center Demand
(Bloomberg) — Nvidia Corp. gave a bullish forecast on robust demand for chips used by video gamers and data center…
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How Measuring and Reducing Emissions Has Become Its Own Business
(Bloomberg) — A new startup run by former employees of the payment processor Stripe Inc. will help companies analyze the…
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Former Mining Exec Details Suitcase Full of Cash He Used to Seal Deals
(Bloomberg) — A former Glencore director said he used to fly the world carrying a bag full of cash to…
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Two Telecom Lines Fail to Protect World’s Top Derivative Bourse
(Bloomberg) — Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels…
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Monetise and Modernise Is Our Mantra: PM Narendra Modi
Prime Minister Narendra Modi on Wednesday made a strong case for the government’s new privatisation policy, saying it is moving…
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NSE Resumes Trading After Outage; Exchanges Extend Trading Hours In Equities, Derivatives
The National Stock Exchange resumed trading nearly five hours after a telecom disruption interrupted its cash and derivatives segments. The…
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Ghana Gets First Covax Shipment; Hong Kong Aid: Virus Update
(Bloomberg) — Ghana received the first batch of vaccines shipped through the World Health Organization-backed Covax initiative as the West…
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Government Investments Fall 14% YoY In Q3 FY21: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset…
Read More » - ECONOMY
Bad Bank: Government Guarantee A Bonus, Not An Imperative, Say Bankers
Bankers are drawing up a plan to create a national asset reconstruction company even as they await clarity on the…
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Why A Surge In Copper Price Means Little For India’s Metal Industry
Copper has outperformed other base metals such as aluminium and zinc amid a broad rally in commodities. Still, that offers…
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Coronavirus India Updates: Active Cases Fall Below 1.5 Lakh Again
Active cases of Covid-19 in India fell today after rising for five consecutive days, amid fears of resurgence and new…
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When the Fantasy of Better Battery Science Doesn’t Match Reality
They may be waiting a while: The technical challenges of making better batteries (and therefore, electric vehicles) are enormous and…
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Oil Wavers With Supply-Driven Rally Flashing Warning Signs
(Bloomberg) — Oil dipped in New York as technical indicators signal prices are due for a pullback following a strong…
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Women on Average Have Just 76% of Men’s Legal Rights Worldwide
(Bloomberg) — The World Bank warned that the pandemic is reinforcing gender inequality in many countries, with women on average…
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Chapo’s Wife Held Without Bail After Arrest on U.S. Drug Charges
(Bloomberg) — The former wife of Mexican drug kingpin Joaquin “El Chapo” Guzman will remain in a U.S. jail to…
Read More » - ECONOMY
India Largest Supplier Of Workers On Digital Platforms: ILO
India is the largest supplier of workers globally across online platform jobs and saw its share rise in recent years,…
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