The rate-cut lowers the cost of borrowing for consumers and businesses, bringing some relief to households weeks before November's presidential election -- even as the Fed works independently of the US administration

China’s factory activity shrank for a fifth straight month and the services sector slowed sharply in September, suggesting Beijing will need even more stimulus to hit its 2024 growth target with only three months left in the year.

A delegation of the Foreign Investors’ Chamber of Commerce and Industry meets Salehuddin Ahmed

The amount hit $589 million in the first two months of FY25

Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, effectively transferring funds to households

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion

Brent crude futures for November delivery increased 51 cents, or 0.71 percent, to $72.49 a barrel as of 0330 GMT.

The teetering property sector has long accounted for around a quarter of gross domestic product and experienced dazzling growth for two decades

Kathmandu is ground zero of an incipient transport revolution set to see the clapped out cars that clog its traffic-snarled streets make way for emissions-free alternatives.

If Harris manages to defeat Republican candidate Donald Trump, she will likely face a much more constraining fiscal and political environment than her predecessors

The special government debt would equal to just 1.4 percent of last year's GDP - not quite the "whatever it takes" big-bang approach many economists and investors had been hoping for.

The European Commission is on the verge of proposing final tariffs of up to 35.3 percent on EVs built in China, on top of the EU's standard 10 percent car import duty

The filings come after antitrust investigations concluded in August found Amazon and Flipkart, some of their sellers and smartphone brands, violated local competition laws

Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised local demand.

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending.

India has drawn up a roadmap for generating 4.5-6 crore jobs in the textile sector by 2030 to make its market size grow to $350 billion from around $165 billion at present, India’s Textiles Minister Giriraj Singh said.

The country also targets generating 6 crore textile jobs by that time, India’s textiles minister says

The fortunes of our political leaders depend overwhelmingly on the rise or fall of one number: gross domestic product (GDP)

China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending

The union for striking Boeing workers said Friday that talks with the aviation giant "broke off" without agreement, after some 33,000 US employees walked out this month