By Shivangi Acharya and Sarita Chaganti Singh NEW DELHI (Reuters) -India’s industrial output rose 5.8% year-on-year in September, government data showed on Friday, lagging expectations on slower electricity and manufacturing growth, but economist remain optimistic on festive demand. Analysts in a Reuters poll had forecast an expansion of 7%. In…

The rate of inflation likely eased in October due to lower gas prices, but probably not enough to erase lingering worries at the Federal Reserve. The consumer price index, the nation’s main inflation gauge, is forecast to show a small 0.1% increase last month, Wall Street DJIA forecasts show. The…

BERLIN (Reuters) – The German parliament on Friday approved the implementation of a global minimum corporate tax, as part of an international deal to ensure large companies pay a minimum tax rate of 15%. Multinational firms will have to pay that level of tax on all of the profits they…

The numbers: The cost of living was unchanged in October as cheaper gasoline took the edge off U.S. inflation, pointing to incremental progress in the Federal Reserve’s effort to get prices under control. It was the smallest increase in 15 months. Economists polled by the the Wall Street Journal had…

European Central Bank (ECB) President Christine Lagarde has signaled a potential increase in borrowing costs should inflationary pressures persist, despite a recent slowdown in inflation rates. Speaking at a Financial Times event today, Lagarde reaffirmed the ECB’s commitment to achieving a 2% inflation target, acknowledging the current 4% deposit rate’s…

The numbers: U.S. mortgage demand rose modestly to the highest weekly pace in five weeks as buyers jumped on a dip in rates. Rates were unchanged over the last week, but the 30-year rate is 30 basis points lower than three weeks ago.  Relatively lower rates provided a boost to…

In an effort to assess the resilience of the financial system, the Bank of England, under the direction of Andrew Bailey, initiated a ten-day “system-wide exploratory scenario” (SWES) Today. This simulation is designed to scrutinize how non-bank financial institutions would respond under severe stress conditions. The scenario commenced with an…

The numbers The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, rose 13.7 points in November to 9.1, the regional Fed bank said Wednesday. It is the highest level since April. Economists had expected a negative 3 reading, according to a survey by…

Federal Reserve Chair Jerome Powell, speaking at an International Monetary Fund (IMF) event yesterday, underscored the need for a sustained monetary policy approach to combat inflation. Powell highlighted the ongoing risks of inflation and the dangers of over-tightening, suggesting that a stringent monetary policy might be necessary to curb aggregate…

Higher borrowing costs appear to have sapped consumer demand for new cars and other big ticket items. Receipts at U.S. auto dealers fell 1% in October, the government said Wednesday, while sales of home furnishings and building materials also fell. Interest rates have surged to the highest rate in years…