The Royal Bank of India has trimmed its growth outlook for the 2025-26 fiscal year from 7.2 percent down to 6.6 percent.
Category: 10 December 2024
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OPEC+ MAINTAINS OIL SUPPLY CUTBACKS, SAUDIS CUT PRICES FOR SOME MARKETS
The Organization of Petroleum Exporting Countries and allied nations have agreed to delay January’s planned production increases until 31 March, then spread the increases over the following 18 months.
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EUROZONE BUSINESS ACTIVITY FALLS SHARPLY IN NOVEMBER
Last month, business activity shrank in the Eurozone’s formerly robust services sector, contracting along with manufacturing, according to the Hamburg Commercial Bank’s composite purchasing manufacturers index (PMI).
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MORE EMERGING NATIONS FACE FISCAL CRISES, DEFAULT, WORLD BANK SAYS
High interest rates are pushing even more poor countries to the brink of financial collapse, the World Bank said in a 3 December report.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, and tech industries continue to be hit hard as prices increase and demand slows.
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CARD SWIPE FEES ARE BLEEDING RETAILERS DRY
Every time a shopper swipes a plastic card or taps to pay, a retailer pays a fee to the card provider, the payment network, and often to companies such as Square that provide the swipe hardware.
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ONLINE RETAILERS SEE A LITTLE MORE GREEN ON BLACK FRIDAY WEEKEND
Over this year’s Thanksgiving weekend—stretching from Thanksgiving Day through Cyber Monday—about 197 million people hit the stores, compared to roughly 200 million a year ago, according to a consumer survey by the National Retail Federation (NRF).
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GOP TAX DECISION WILL HAVE NO NET IMPACT ON U.S. ECONOMY, CBO SAYS
When the Republican Party takes control of the federal government next month, it will have to choose whether to extend the tax cuts it enacted in 2017 or let them expire next year.
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U.S. ECONOMY ADDS 227,000 JOBS IN NOVEMBER
Employers took on another 227,000 workers in November, indicating a strong but not overheated jobs market.