India’s budget on Wednesday will test the government’s resolve to stay fiscally prudent as expectations of lower taxes, wider social security net and further boost to production gather steam before national elections.
The International Monetary Fund sees a “turning point” for the global economy as it raised its growth outlook for the first time in a year, with resilient US spending and China’s reopening buttressing demand against a litany of risks.
Falling values are the latest headache for landlords in Europe who need to refinance their debt. It’s a problem for their lenders too.
The Biden administration is considering cutting off Huawei Technologies Co. from all of its American suppliers, including Intel Corp. and Qualcomm Inc., as the US government intensifies a crackdown on the Chinese technology sector.
Top Japanese banks are extending the deadline to issue commitment letters for a loan that backs Japan Industrial Partners Inc.-led consortium’s takeover offer for Toshiba Corp., according to people familiar with the matter.
India’s government said it will focus on rebuilding fiscal space lost during the pandemic to counter new risks from a challenging global environment, which has already begun weighing on domestic demand.
UBS Group AG Chief Executive Officer Ralph Hamers said the bank’s exposure to the meltdown of India’s Adani Group isn’t a matter of concern for the Swiss bank, even after a market rout that’s hit the securities of India’s richest man.
Foreigners are returning to China’s stock market with a vengeance, snapping up more shares in January alone than they did for the whole of 2022.
A rout in shares of Adani conglomerate has cost India its spot among the world’s five biggest equity markets, as the south Asian country’s market capitalization dropped below France’s on Monday to $3.2 trillion.
Norway’s $1.3 trillion sovereign wealth fund took profit on the world’s biggest oil and gas companies after a run up in energy prices in 2022.
