September 2024 – Page 35

Indias Growth Potential above 7.5, says its Cenbank Chief

September 13, 2024
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SINGAPORE, Sept 13 Reuters India39;s growth potential is 7.5 or more, the country39;s central bank chief said on Friday, which is a little above the bank39;s fullyear forecast for 2024 of 7.2. I think India39;s potential growth today … is about sevenandahalfpercentplus, Reserve Bank of India Governor Shaktikanta Das said at the Bretton Woods Committee39;s […]

September 13, 2024
Politics
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FRANKFURT, Sept 12 Reuters The European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly. The second rate cut in three months marks a gradual normalisation in the ECB39;s policy after the worst bout of inflation in a generation […]

September 13, 2024
Business
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DUBLIN, Sept 12 Reuters An EU court order this week that Apple pay Ireland 13 billion euros 14.4 billion presents the government with opportunities to address pressing infrastructure, housebuilding and capital project needs, Prime Minister Simon Harris said on Thursday. Ireland had fought the European Union backtax bill alongside Apple since 2016, seeking to defend its position […]

September 13, 2024
Business
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Sept 12 Reuters Several global automakers are scaling down their electrification targets, hurt by slowing demand for fully electric vehicles due to lack of affordable models, slow rollout of charging points, growing trade tensions and increased competition from cheaper Chinese rivals. The global sales of EVs either fully electric or plugin hybrid rose 20 in the first […]

September 13, 2024
Business
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High costs, charging difficulties seen slowing sales Automakers launch schemes to lure buyers MG Motor offers battery rental service Price of one Tata Motors model cut by a fifth NEW DELHI, Sept 12 Reuters India39;s top electric vehicle maker, Tata Motors, is luring consumers with free charging and steep discounts, while rival MG Motor has […]

September 12, 2024
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NEW DELHI, Sept 12 Reuters India39;s industrial output grew at 4.8 yearonyear in July, on the back of an increased electricity output, government data showed on Thursday. Economists polled by Reuters had expected growth of 4.7. Industrial output rose at a revised rate of 4.7 in June. Manufacturing output rose 4.6 in July, the same as […]

September 12, 2024
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OBR warns UK public debt could triple by 2070s Ageing, climate change, geopolitics boost spending Tighter policy or faster growth needed to stop debt rise Labour government blames Conservatives for fiscal woes Demographic challenges faced by most Western countries LONDON, Sept 12 Reuters British public debt is likely to soar to triple its current level […]

September 12, 2024
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August retail inflation at 3.65 vs 3.60 in July govt August food inflation at 5.66 vs 5.42 in July govt August vegetable prices at 10.71 vs 6.83 in July govt August core inflation at 3.33.4 economists NEW DELHI, Sept 12 Reuters India39;s August retail inflation remained below the central bank39;s target of 4 for the […]

September 12, 2024
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Sept 12 Reuters U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday as persistent inflation and dried up savings turn shoppers more frugal for the allimportant shopping period. Holiday retail sales are likely to rise between 2.3 and 3.3 in the November 2024January 2025 […]

September 12, 2024
Politics
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Japan39;s neutral rate likely to be at least 1, Tamura says Japan making further progress in durably hitting price goal Tamura sees upside inflationary risk rising Remarks follow string of BOJ comments signaling more hikes OKAYAMA, Japan, Sept 12 Reuters The Bank of Japan must raise interest rates to at least 1 by late next […]

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Indias Growth Potential above 7.5, says its Cenbank Chief

ECB Cuts Rates as Growth and Inflation Slow

Apple Back Taxes Hand Ireland Infrastructure Opportunities, PM Harris

Carmakers Scale Down Electrification Plans, EV Demand Slows

Indias Tata, MG Offer Free Charging, Battery Rentals to Lure EV Buyers

Indias Industrial Output Up 4.8 yy in July

UK Fiscal Watchdog Warns of Soaring Debt over Coming Decades

Indias Retail Inflation Stays below 4 for 2nd Consecutive Month in Aug

US Holiday Sales to Grow at Slowest Pace since 2018, Report

Hawkish BOJ Policymaker Calls for Rates to Rise to at Least 1

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