Financial Slowdown
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KTM In Financial Trouble; Seeks 100 Million Euros For Staying Afloat
KTM finds itself in financial trouble, with a significant slowdown in US and European sales among other things.
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Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
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No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
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Persistent Core Inflation May Influence Retail Inflation Numbers: Reserve Bank
India's external sector is facing strong global headwinds from rising risks of global slowdown, still elevated commodity prices and volatility in capital flows, RBI's Financial Stability Report said.
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India One Of The Fastest Growing Economies Despite Global Slowdown: Report
India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia, the OECD said on Tuesday.
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YouTube Expands Shopping Features After Digital Advertising Slowdown: Report
YouTube is bringing shopping features to its TikTok-like short-form video service, the Financial Times reported on Tuesday.
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Microsoft Expected to Post Slowest Quarterly Revenue Growth in 5 Years; Doubts on Annual Outlook, Analysts Say
Microsoft is expected to post slowest quarterly revenue growth in over five years, and analysts have questioned whether the firm will be able to maintain its outlook for the financial year. The company will announce earnings later on Tuesday amid a slowdown in the PC market and a strong dollar. Microsoft's shares have declined by more than a quarte...
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Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
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Morgan Stanley Cuts India's GDP Forecast On Slowing Global Trade
Morgan Stanley cut its forecast for India's annual growth to 7.2% for this year, as tighter financial conditions and a slowdown in global trade have pressured major economies
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A Top US Recession Indicator Hits Levels Last Seen In 2007, Before Financial Crisis
The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.
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Dollar's Surge To A Two Decade High Leaves A Trail Of Destruction In Its Wake
The dollar's race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth.
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Top Nigerian Minister Suggests Government Should Reconsider Policies Against Cryptocurrencies
Nigerian politician Prince Clem Agba has claimed that the residents of Nigeria deserve an opportunity to experiment with the crypto space and use it for their financial benefits.
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Credit Growth In Current Fiscal To Remain In Low Double Digits: Report
The economic slowdown can impact asset quality and delay the anticipated pick-up in the credit growth, according to Care Ratings
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At -7.5%, GDP Rebounds But India Now In Technical Recession
India's gross domestic product (GDP) contracted 7.5 per cent in the July-September period, as the economy rebounded from a record slump of 23.9 per cent in the previous quarter due to slowdown caused by the coronavirus pandemic. Friday's data confirms the economy's first technical recession - which is two consecutive quarters of GDP contraction - s...
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Hyundai Motor India Invested Rs. 3500 Crore In Tamil Nadu In FY2020 Despite Slowdown: Report
The investment was made at Hyundai's facilities in Tamil Nadu was part of the Rs. 7000 crore funding announced in 2019. The investment was used for capacity expansion, transition to BS6 regulations and the launch of new offerings.
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KTM In Financial Trouble; Seeks 100 Million Euros For Staying Afloat
KTM finds itself in financial trouble, with a significant slowdown in US and European sales among other things.
-
Xi Jinping Makes 1st Known Visit To Central Bank After Becoming President: Report
Chinese President Xi Jinping made his first known visit to the nation's central bank since he became president a decade ago, two sources with knowledge of the matter said, as China's economy and financial markets grapple with headwinds.
-
No Evidence Suggesting Slowdown In Indian Economy: Centre
The Indian economy has carried the momentum from the past year into the current fiscal year and there has been no evidence by far that suggests a slowdown in the current financial year 2023-24, said the Department of Economic Affairs said.
-
Persistent Core Inflation May Influence Retail Inflation Numbers: Reserve Bank
India's external sector is facing strong global headwinds from rising risks of global slowdown, still elevated commodity prices and volatility in capital flows, RBI's Financial Stability Report said.
-
India One Of The Fastest Growing Economies Despite Global Slowdown: Report
India, with a growth rate of 6.6 per cent in this financial year, is among the fastest growing economies in Asia, the OECD said on Tuesday.
-
YouTube Expands Shopping Features After Digital Advertising Slowdown: Report
YouTube is bringing shopping features to its TikTok-like short-form video service, the Financial Times reported on Tuesday.
-
Microsoft Expected to Post Slowest Quarterly Revenue Growth in 5 Years; Doubts on Annual Outlook, Analysts Say
Microsoft is expected to post slowest quarterly revenue growth in over five years, and analysts have questioned whether the firm will be able to maintain its outlook for the financial year. The company will announce earnings later on Tuesday amid a slowdown in the PC market and a strong dollar. Microsoft's shares have declined by more than a quarte...
-
Logitech Q3 Sales Down 12 Percent to $1.15 Billion, Amid Strong Dollar, Economic Slowdown
Logitech on Tuesday reported that its quarterly sales and profit had dropped in Q3 2022, as the peripherals maker said sales had declined by 12 percent at $1.15 billion (roughly Rs. 9,524 crore). The firm's chief financial officer, Nate Olmstead, will be leaving the company, after its operating income plunged 26 percent to $156 million (roughly Rs....
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Morgan Stanley Cuts India's GDP Forecast On Slowing Global Trade
Morgan Stanley cut its forecast for India's annual growth to 7.2% for this year, as tighter financial conditions and a slowdown in global trade have pressured major economies
-
A Top US Recession Indicator Hits Levels Last Seen In 2007, Before Financial Crisis
The US economy may be heading into a recession, according to a commonly accepted indicator, after inflation there surged to a more-than-expected 40-year peak, increasing bets for a 100 basis points rate hike by the Federal Reserve later this month.
-
Dollar's Surge To A Two Decade High Leaves A Trail Of Destruction In Its Wake
The dollar's race to two-decade highs is leaving a trail of destruction in its wake, exacerbating inflation in other countries and tightening financial conditions just as the world economy confronts the prospect of a slowdown in growth.
-
Top Nigerian Minister Suggests Government Should Reconsider Policies Against Cryptocurrencies
Nigerian politician Prince Clem Agba has claimed that the residents of Nigeria deserve an opportunity to experiment with the crypto space and use it for their financial benefits.
-
Credit Growth In Current Fiscal To Remain In Low Double Digits: Report
The economic slowdown can impact asset quality and delay the anticipated pick-up in the credit growth, according to Care Ratings
-
At -7.5%, GDP Rebounds But India Now In Technical Recession
India's gross domestic product (GDP) contracted 7.5 per cent in the July-September period, as the economy rebounded from a record slump of 23.9 per cent in the previous quarter due to slowdown caused by the coronavirus pandemic. Friday's data confirms the economy's first technical recession - which is two consecutive quarters of GDP contraction - s...
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Hyundai Motor India Invested Rs. 3500 Crore In Tamil Nadu In FY2020 Despite Slowdown: Report
The investment was made at Hyundai's facilities in Tamil Nadu was part of the Rs. 7000 crore funding announced in 2019. The investment was used for capacity expansion, transition to BS6 regulations and the launch of new offerings.
