Self Employed

With inflation down, ECB eyes faster tempo of rate cuts [Video]
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Small Business Lifestyle

With inflation down, ECB eyes faster tempo of rate cuts [Video]

The European Central Bank is expected to lower interest rates again this week as anxiety about inflation in the eurozone fades and concerns over sluggish growth mount. Inflation fell to 1.8 percent across the 20 members of the euro area in September, the first time it has been below the ECB’s target of two percent

Chinese stocks tumble on lack of fresh stimulus [Video]
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Small Business Lifestyle

Chinese stocks tumble on lack of fresh stimulus [Video]

Chinese stocks tumbled Wednesday on continued disappointment over a lack of fresh Chinese stimulus measures and scant detail on measures already unveiled. Europe’s main stock markets rose slightly, however, as oil prices steadied. The dollar climbed against its main rivals on expectations that interest rate differentials will continue to favour the US currency. “The fizz

RBI Governor has a message for NBFCs pursuing ‘growth-at-any-cost’: Will take action if… – The Economic Times Video
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Small Business Lifestyle

RBI Governor has a message for NBFCs pursuing ‘growth-at-any-cost’: Will take action if… – The Economic Times Video

While making the Monetary Policy Committee (MPC) announcements, RBI Governor Shaktikanta Das pointed out that while the overall NBFC sector remains healthy, there are a few outliers adopting a growth-at-any-cost approach. These NBFCs, including Microfinance Institutions (MFIs) and Housing Finance Companies (HFCs), are focused on excessive returns on equity, often pushing business targets aggressively. Das said that such behaviour could lead to high interest rates and excessive indebtedness for borrowers, which, if left unchecked, could pose risks to financial stability.

RBI keeps repo rate unchanged, changes stance to neutral from withdrawal of accommodation’ – The Economic Times Video
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Small Business Lifestyle

RBI keeps repo rate unchanged, changes stance to neutral from withdrawal of accommodation’ – The Economic Times Video

RBI Governor Shaktikanta Das said, “The standing deposit facility (SDF) rate remains at 6.25% and the marginal standing facility (MSF) and the bank rate stand at 6.75%. The NPC decided unanimously to change the stance to neutral and to remain unambiguously focused on a durable alignment of inflation with the target while supporting growth. The NPC noted that currently, the macroeconomic parameters of inflation and growth are well balanced. Headline inflation is on a downward trajectory though its pace has been slow and uneven.”

The US economy is solid: Why are voters gloomy? [Video]
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Small Business Lifestyle

The US economy is solid: Why are voters gloomy? [Video]

Cooling inflation, low unemployment, robust economic growth and… downbeat voters. Despite indicators showing the US economy is moving in a healthy direction, many Americans remain pessimistic about business and job prospects — a mood that poses a frustrating problem for Vice President Kamala Harris in her neck-and-neck race with Donald Trump for the White House.