Thanks to various government policies to stabilize infrastructure investment and spur auto consumption, the auto manufacturing industry's profits increased 6.6 percent, a pace 3.6 percentage points faster than that in the January-September period, Zhu said. … [Read more...] about Economic Watch: China’s industrial profits accelerate amid recovery
Exiled spaniards lured home by economic recovery
India’s expenditure trends showed a similar trend. Private consumption, which constitutes about 52 per cent of the total growth, showed a lesser contraction at 11.3 per cent during the three months through September as compared to a fall of 26.7 per cent in the previous quarter.Investments, another major growth engine, constituting about 36 per cent to the Indian economy, too, posted a lesser contraction at 7.3 per cent as compared to a fall of whopping 47.1 per cent in the previous quarter.Government spending, that constitutes about 10-12 per cent to the economy, and which was the only expenditure trend that had grown last quarter, however, declined in the three months through September. It contracted by more than 22 per cent as compared to a growth of 16.4 per cent in the preceding quarter.“On the spending front, weak revenue generation and fast-tracking of government expense during 2Q20 resulted in a sharp 22.8 per cent contraction in public expenditure pulling down … [Read more...] about India slips into its first technical recession since 1996; growth seen returning
According to rating agency ICRA, the spikes in production seen in various sectors in the month of October are an exaggeration of the true recovery on the ground, as those have been driven by a large component of pent-up demand that may not sustain after the festive period is over. … [Read more...] about India Q2 GDP: Are signs of revival real and what do latest numbers mean for FY21?
State-run NTPC on November 27 raised Rs 2,000 crore issuing 91-day commercial paper offering a yield of 2.97 percent, surprising the markets. A clutch of other companies, too, raised less than Rs1,000 crore each, offering 3-3.6 percent in the last two days. … [Read more...] about Explained | Why are short-term rates crashing?
BRUSSELS, Nov. 27 (Xinhua) -- After roughly one-month at sea, the vessel carrying the first batch of made-in-China Tesla Model 3 heading to Europe has arrived at Zeebrugge port in Belgium on Thursday evening, according to the Automatic Identification System (AIS) data of the vessel. … [Read more...] about First batch of China-made Tesla sedans arrives at Belgium’s Zeebrugge port
The Dow Jones Industrial Average was boosted by recent vaccine developments and reports that President-elect Joe Biden would nominate former Federal Reserve chairwoman Janet Yellen to lead the Treasury Department in January, according to CNBC. The index, which is made up of 30 blue-chip U.S. industrial and financial companies, was led by Boeing and Chevron Tuesday, which each traded more than 3% higher. … [Read more...] about Dow Jones Stock Market Index Hits All-Time High, Surpasses 30,000