Economic News Category

Dollar falls out of favor as Omicron exits volatile forex market The NSE 1.30 dollar fell again in early Asia on Wednesday, entering a third straight session under pressure, with investors favoring riskier currencies and assets. The New Zealand dollar edged up 0.8% on Tuesday, its best day since October, recovering almost a year from

China Evergrande reports progress on resuming home delivery China Evergrande Group on Sunday said it was making progress on resuming construction early, with its chairman pledging to deliver 39,000 apartments by December, down from less than 10,000 units in the previous three months. Evergrande is the most indebted property developer in the world, with more

Steady earnings leave indexes higher in short-term break week Wall Street continued its recent streak on Thursday, ending a shortened holiday trading week with a major stock rally that propelled the S&P 500 index to all-time highs. The S&P 500 Index rose 0.6 percent, its third consecutive gain. The benchmark’s latest milestone marks its 68th

Goldman cuts US GDP forecast after Manchin rejects Biden bill Goldman Sachs Group cut its economic growth forecast for the United States after Joe Manchin, a senator from West Virginia, rejected President Joe Biden’s $2 trillion tax and spending program. leaving Democrats with few options to revive the economic agenda. The group said in a

Asian Markets recover spurred by Omni corn worries Asian equities on Tuesday rebounded from the global downturn in financial markets, boosted by concerns about the impact of Omicron variants, inflation and other forces on the global economy. Tokyo has risen by more than 2% and other benchmarks in Asia have also risen. Much of the