Rolling coverage of the latest economic and financial news Introduction: US jobs report coming up China’s service sector shrank last month Government urged to ‘get a handle’ on supply chain crisis 8.40am BST Japan’s Topix stock market index has hit a 30-year high today, after prime minister Yoshihide Suga unexpectedly announced he will step down. … Read more
Finance minister Nirmala Sitharaman does not agree with the sentiment that there is a disconnect between the stock market’s current run and the real economy. On a question by ET on whether the soaring bourses were out of sync with what was happening on ground, Sitharaman said the rally had sustained through 2020 and the … Read more
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Bitcoin is on a wild ride today as Tesla CEO Elon Musk sparked alarm that the electric vehicle maker could sell its holdings — before clarifying that it has not sold any bitcoin. The drama began … Read more
As infections surged in the wake of the Christmas holidays, authorities tightened restrictions on movement and limited business opening hours, weighing on output and denting early optimism for a quick recovery from 2020’s record 10.8% slump. Output fell across all sectors in the first quarter, the INE data showed, with construction the worst performer and … Read more
NEW DELHI: No matter whether you made money in the breakneck stocks rally in last one year or not, brokers definitely got richer at a much faster clip, thanks to a surge in trading volume. But that period of stupendous growth might be getting over. CDSL, which provides depository services, added over 1 crore investors … Read more
Looking at the dismal returns of actively managed equity funds at a time when the market is at a record high, one can’t help but recall the wisdom of the legendry American investor John C Bogle, who once said, “Don’t look for the needle in the haystack. Just buy the haystack!” A plain vanilla index … Read more