Powell sticks to dovish script Fed Chairman Jerome Powell stayed solidly on message overnight, emphasising once again the Fed’s priority in assisting the US employment recovery...
I covered BRIC Manufacturing PMIs for 1Q 2021 (https://trueeconomics.blogspot.com/2021/04/5421-brics-manufacturing-pmis-1q-2021.html) and BRIC Services PMIs (https://trueeconomics.blogspot.com/2021/04/8421-bric-services-pmi-1q-2021-slowing.html) in...
Earlier this week, I posted on the latest PMI reports for BRIC economies for Manufacturing sector (https://trueeconomics.blogspot.com/2021/04/5421-brics-manufacturing-pmis-1q-2021.html). Now, let's cover Services Sector 1Q 2021 PMIs. Remember,...
The COVAX vaccine facility delivered nearly 38.4 million doses of Covid-19 vaccines to 102 countries and economies across six continents six weeks after it began to...
Kumbh Mela, a Hindu pilgrimage that started earlier this month in India, has survived wars and famine since its origin. But the biggest threat has been...
As the US vaccinates millions more people each day, the novel coronavirus works to survive. It does this by mutating. So far, several variants are worrisome....
Overview: Global stocks are moving higher today. Fears of a new lockdown in Tokyo amid rising covid cases weighed on Japanese stocks, a notable exception as the...
US yields lift dollar The FOMC minutes “balanced risk” comments were enough to move US yields slightly higher overnight, which also lifted the US dollar. The committee...
Markets show muted response to FOMC minutes The FOMC minutes passed without incident overnight. The committee felt that risks were balanced but that the economy remained...
Hundreds of thousands of used cars are sold in India each month. But buying one through the offline and traditional channel could prove to be a...
"It's A Biological Fukushima" - Brazil On Track To Pass US In COVID Deaths A couple of months ago, Brazil surpassed the US as the country...
More than 200 million people in India transact money digitally, but fewer than 30 million invest in mutual funds and stocks. An Indian startup that is...
More than 200 million people in India transact money digitally, but fewer than 30 million invest in mutual funds and stocks. An Indian startup that is...
US markets paused for breath overnight, with Wall Street easing slightly after a frenzied Monday session. Rotational spin was the theme of the day, and yesterday’s...
Australia ranks fourth in diamond production with annual output of roughly 14.2 million carats. Learn about five of the country's most unique gems. The post 5...
Coronavirus-related deaths worldwide crossed 3 million on April 6, according to a Reuters tally, as the latest global resurgence of Covid-19 infections is challenging vaccination efforts...
US Futures Dip As European Stocks Finally Erase All Pandemic Losses, Hit Record High Global stocks hit record highs on Tuesday, supported by strong economic data...
Oil collapses on OPEC+ and Iran nerves With the backwardation in the oil futures curves having vanished into thin air, it was odd that OPEC+ decided...
People in the UK will start receiving doses of Moderna’s COVID-19 vaccine in around two weeks’ time, according The post Could Moderna shot save UK’s under-50s...
Two-year-old CRED has become the youngest Indian startup to be valued at $2 billion or higher. Bangalore-based CRED said on Tuesday it has raised $215 million...
Stock markets rise, US dollar dips In a flashback to the future, US markets fully returned to work overnight and partied like it was 2020. Stock...
Blue States Lead US COVID Resurgence As "Double Mutant" Strains Discovered In California COVID cases continued to climb in the US over the holiday weekend, as...
Given a lot of noise about economic re-opening and abatement of the late 2020 wave of the pandemic, we expected BRIC countries PMIs to improve significantly...
India reported a record rise in Covid-19 infections on April 5, becoming the second country after the United States to post more than 100,000 new cases...
Futures Ramp To Record High In Aftermath Of Blockbuster Jobs; Tesla Soars S&P futures surged and most Asian stocks climbed (Europe remains closed for Easter holiday)...
Oil edges lower in Asia Muted holiday trading has seen some unwinding of Friday’s rallies, with Brent crude and WTI edging lower. On Friday, Brent crude...
Asian equities muted in holiday trade Asia is treading cautiously this morning despite the blowout US Non-Farm Payrolls data on Friday pushing Wall Street to an...
Why did Byju’s raise over $1 billion last year and is already inching closer to securing another half a billion dollars? We are getting some answers...
Meesho said on Monday it has raised $300 million in a new financing round led by SoftBank Vision Fund 2 as the Indian social commerce startup...
Vincent Racaniello literally wrote the book about viruses. He tells TheStreet much of the dialog around vaccines, variants and strains is ‘really bad.’