Category «ECONOMIC NEWS»

RBI Data: 16.22% Credit Surge, 12.96% Deposit Rise

Credit Growth

  Other than hearty interest across sections, rise attached to quarter-end business likewise pushed the advance volumes in fortnight, brokers said Reflecting flood in quarter-end business, Business Bank credit extended by 16.22 percent Year on Year (YoY) premise to Rs 143.91 trillion toward the finish of fortnight finished June 30, 2023. The credit had extended …

ITR Mistakes? Trouble Ahead: Wrong Deductions & Exemptions

Income Tax Return

  Distorting of pay and asserting improper derivations while documenting the Annual Expense form (ITR) for AY 2023-24 can prompt serious outcomes, as per Annual Duty Division.   Mitali Madhusmita, Head Boss Magistrate of Annual Duty, Andhra Pradesh and Telangana district, as of late said that numerous citizens have guaranteed discounts of as high as …

Global banks raise forecast to 4% peak for key ECB rate

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years …

Dow Futures Little Changed, Chegg Tanks 21.5% After Earnings

Dow Futures

U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal Reserve officials later in Tuesday’s session. By 18:30 ET (23:30 GMT) Dow Jones futures, S&P …

Taiwan Exports Seen Contracting For Fifth Straight Month in January: Reuters Poll

Taiwan Exports

Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll. Taiwan, a global hub for chip production and a key supplier to Apple Inc (NASDAQ:AAPL), …

China Hotel, Catering Job Openings Surge On PAost-COVID Demand Recovery – Survey

China Hotel

Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing’s zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry. During the first six days of work after China’s Lunar New Year holiday, job openings in the …