India’s exchange rate framework came under renewed global scrutiny on Wednesday after the International Monetary Fund reclassified the country’s “de facto” regime as a “crawl-like arrangement”, two years after designating it “stabilised”. The change follows an IMF review conducted earlier this year and could shape how global investors read India’s approach to managing the rupee…
Americans are set for a mix of family meals and early holiday shopping this week, with most big retailers staying shut on Thanksgiving before reopening at dawn for Black Friday, the unofficial start of the Christmas buying rush. The week also marks what AAA says will be the busiest Thanksgiving travel period on record, according…
Fewer Americans applied for unemployment benefits last week, signalling continued stability in the labour market even as several large companies announced job cuts. According to AP, jobless claims fell by 6,000 to 216,000 in the week ending November 22, undershooting economists’ expectations of 230,000.Applications for unemployment aid — a key proxy for layoffs — remain…
US stocks climbed on Wednesday as Wall Street looked to stretch its winning run, buoyed by growing expectations of a Federal Reserve rate cut in December. According to AP, the S&P 500 rose 0.5% in early trade, while the Dow Jones Industrial Average gained 227 points and the Nasdaq advanced 0.7%.Traders are pricing in nearly…
