TSX ends down 0.1% at 26,175.05 For the month, the index gains 5.4% First-quarter GDP increases 2.2% May 30 – Canada’s main stock index edged lower on Friday as energy and metal mining shares lost ground, but the index still posted its biggest monthly advance since November, helped by easing global trade tensions. The Toronto…
(Bloomberg) — NATO Secretary General Mark Rutte confirmed the alliance will seek to adopt a new defense spending target of 5% of GDP at a June summit, meeting a demand by US President Donald Trump that had originally seemed unrealistic. âI assume that in The Hague we will agree on a higher defense spending target…
The proposed revamp of Indiaâs national accounts series has raised hopes that it will bring an end to the long-running controversy around Indiaâs gross domestic product (GDP) numbers. The initial signs are promising. Over the past year, the Union ministry of statistics and programme implementation (Mospi) has released pending surveys, and also engaged data users…
Ten years after Indiaâs last gross domestic product (GDP) series was released, the Union ministry of statistics and programme implementation (Mospi) has announced the release of a revamped series next year. The new series will replace one of the most contentious national accounts series in the countryâs history. This is perhaps a good time to…
The loudly trumpeted aim of US President Donald Trump is to revive Americaâs economic mojo. That balanced foreign trade was not all rhetoric but a real part of his agenda hit home only on 2 April, when the US erected a tariff regime that left other countries aghast and economists agape. What dropped jaws wasnât…
New Delhi, Apr 2 (PTI) India is bestowed with the best geology for natural resources, and trusting the ability of the country’s entrepreneurs in unlocking value from Indiaâs vast resources below the ground is the key to Viksit Bharat, mining mogul Anil Agarwal said. “This is our moment to unleash a new generation of entrepreneursâbold…
Accounting conventions require that capital is accounted for in the balance sheet of the enterprise, and expenditures and incomes in the profit-and-loss account. This is universal for all corporate enterprises, be they business ventures, government agencies or ânon-profitâ organizations. Businesses account for their assets of land, machinery and money in the bank on their balance…
On the face of it, the chaotic action and frenetic pace of US President Donald Trumpâs first 50 days in office lack cohesive thought and direction. Dig deeper and a picture emerges of a potential âframeworkâ or âgrand design.â Believers see two main reasons for a reset of the global trade order. The first is…
The Federal Reserve, the central bank of the United States, is driving blindfolded. Thatâs my single most important takeaway from its policy announcement last week. On the predictable side, the Fed kept policy rates in a range of 4.25-4.5%, and the rate-setting committee pledged to slow the pace at which itâs allowing securities to roll…
In a time of great economic uncertainty, US President Donald Trumpâs administration quietly took a step recently that could create even more: Secretary of commerce Howard Lutnick disbanded the Federal Economic Statistics Advisory Committee (FESAC). Shutting down an obscure statistical advisory panel may not strike anyone as a scandal, much less an outrage. But as…
