India's small businesses spanning the manufacturing, trade and services sectors added about 11 million jobs in the year to the end of September, with total employment rising to 120.6 million from 109.6 million the previous year, though wage growth was limited by high inflation. Job creation remain
The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in US bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency. The rupee declined to 85.2075 against the US d
Chinese authorities have agreed to issue 3 trillion yuan ($411 billion) worth of special treasury bonds next year, two sources said, which would be the highest on record, as Beijing ramps up fiscal stimulus to revive a faltering economy. The plan for 2025 sovereign debt issuance would be a sharp i
Inflation dropped in most economies around the world in 2024, but voters didn’t care. Angered by the hefty ramp-up in prices for everything from eggs to energy over the past few years, they punished incumbent parties at almost every opportunity. The pain of inflation lingers, and ruling part
Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures. Deputy Governor Dave Ramsden and the newest Monetary Policy Com
New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for more aggressive rate cuts, reports Reuters. The shock news sent the local dollar to a fresh two
The Federal Reserve will conclude its final meeting of 2024 on Wednesday, and next year will likely be Fed Chair Jerome Powell’s last full one at the helm of the US central bank, with his four-year term due to expire in May of 2026. Powell’s more than six years as Fed chief have been c
British inflation hit an eight-month high in November, but the rise in services prices - watched closely by the Bank of England as an underlying measure of inflationary pressures - held steady, offering the central bank a little bit of relief. Investors added slightly to their bets on inte
Chinese leaders agreed last week to raise the budget deficit to 4 per cent of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5 per cent, two sources with knowledge of the matter said. The new deficit plan compares with a
Credit ratings agency Moody's has downgraded France's credit rating to Aa3 with a stable outlook, reported media outlets on Saturday. "The decision to downgrade France's ratings to Aa3 reflects our view that France's public finances will be substantially weakened by the country's political fragmen
Britain’s economy shrank for a second month in October in the run-up to the new government’s first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic. Gross domestic product shrank 0.1 per cent month-on-month in October, as it did in September, the
The Mastercard Economics Institute (MEI) has released its annual economic outlook for 2025, forecasting continued growth for Asia Pacific aligned with 2024 levels, while lower inflation and easing interest rates are set to provide relief to consumers and households. This is largely in line with bro
Iran is working to attract a share of the Asia-Europe goods transit by developing a free zone in its northwest, not least by completing a key rail route, an Iranian official said on Tuesday. Hossein Garousi, head of the Maku Free Zone Organization, outlined the plan ahead of an international confe
