Economy / Global

JP Morgan to include India in emerging markets bond index

JP Morgan to include India in emerging markets bond index

JP Morgan said it will include Indian government bonds in its widely tracked emerging market debt index from next year. India will be included in the GBI-EM (Government Bond Index-Emerging Markets) Global Index suite starting June 28, 2024, reports Xinhua citing a statement issued by JP Morgan. "


ADB projects 4.7pc growth for developing Asia amid risks

ADB projects 4.7pc growth for developing Asia amid risks

Economic growth of developing economies in Asia and the Pacific is projected to remain solid, although risks to the outlook are rising, according to an Asian Development Bank (ADB) report released on Wednesday. The Asian Development Outlook September 2023 forecasts the region's developing economie

US homeowners face higher insurance costs as climate risk rises

US homeowners face higher insurance costs as climate risk rises

A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. A report from First Street Foundation released Wednesday says states

ECB raises rates to record high, signals end to hikes

ECB raises rates to record high, signals end to hikes

The European Central Bank raised its key interest rate to a record high of 4 per cent on Thursday but, with the euro zone economy in the doldrums, signalled that the hike, its 10th in a 14-month-long fight against inflation, was likely to be its last. The central bank for the 20 countries that sha

Oil prices ease but supply cuts keep Brent above $90/bbl

Oil prices ease but supply cuts keep Brent above $90/bbl

Oil prices eased on Monday as a stronger US dollar and economic concerns in China weighed on the outlook for fuel demand, but extended supply cuts by Saudi Arabia and Russia helped keep Brent above $90 a barrel, reports Reuters.  Brent crude fell 15 cents, or 0.2 per cent, to $90.50 a barrel

G20 admits African Union as permanent member

G20 admits African Union as permanent member

The group of the world's 20 leading economies is welcoming the African Union as a permanent member, a powerful acknowledgement of Africa as its more than 50 countries seek a more important role on the global stage. US President Joe Biden called last year for the AU’s permanent membership in