India records highest annual FDI in 2021-22
... reported pre- Covid from February 2018 to February 2020, according to a statement issued by the commerce and industry ministry. The fiscal 2022 inflows exceeded the previous year's FDI by $1.6 billion despite disruptions from military operations in Ukraine and the Covid -19 pandemic, it said. FDI equity in the manufacturing sector increased by 76% in FY 22 to $21.34 billion, compared to $12.09 billion in the year before. India is fast emerging as a preferred country for foreign investments in ...
Updated: 05/24/2022
Snap CEO Evan Spiegel's latest comments on economy could be a canary
... and Twitter Inc. TWTR lost an additional 3.7% after Elon Musk claimed his deal to buy the company was on hold. Mirror said Snap, like many other businesses, was dealing with supply-chain issues, inflation, concerns about interest rates and the war in Ukraine. He said there was a lot to deal with in the macro environment but he said we are focused and focused on the long term and investing through it. The comments by Snap could be an indication of further deterioration in the internet sector, with ...
Updated: 05/24/2022
Brazil's Bolsonaro fires Petroleo chief
... diesel prices, ignoring the president's plea. Bolsonaro , who is going to be re-election in October, has grown frustrated with the state-owned company's insistence on keeping fuel prices in line with global levels at a time when Russia's invasion of Ukraine and subsequent sanctions have upended the energy market. Bolsonaro is ahead of President Luiz Inacio Lula da Silva in all opinion polls, with economic issues at the forefront of voters' minds. The Thrill of Better Office Wi-Fi is None None ...
Updated: 05/24/2022
Japan's manufacturing activity grows at slowest pace in 3 months in May
... had lifted services activity, most notably in the tourism sector. There were reports of material shortages and severe delivery delays as a result of the introduction of lock-down measures across China and economic sanctions placed on Russia after the Ukraine war . The PMI Index was adjusted to a seasonally adjusted 51.7 in May, from the previous month's 50.7 final, pushing up the composite index despite the slower manufacturing activity expansion. The Composite PMI of the Jibun Bank of Japan rose ...
Updated: 05/24/2022
Oil falls on signs of EU rift on Russian embargo
... imports of European gasoline soared to a six-month high, according to bills of lading and ship-tracking data. Over the past two weeks, US benchmark oil has traded in a narrow range between $110 a barrel, as investors weigh the fallout from the war in Ukraine, including moves to punish and isolate Moscow, and the outlook for global demand. While US consumption is expected to pick up further over a busy summer-driving season, energy usage in China has been hampered by a series of harsh lock-downs in ...
Updated: 05/24/2022
Poland’s prime minister calls on US to provide more defensive weapons
... a war machine. Asked if Putin could attack the Baltic states, and perhaps also Poland and Moldova if he wins, Morawiecki replied: Yes, I think that they will concentrate on other states to reestablish the Russian empire if they are not stopped in Ukraine. The Polish prime minister opted for permanent US troops to be stationed in Poland. We have 10,000 American troops here, but we should be able to have a permanent base in Poland with 30 to 40,000 US troops, he said. In Morawiecki 's opinion, ...
Updated: 05/24/2022
Two-thirds of women and 60 men willing to boycott Russian products
... in the war-waging country, while 18-24 year-olds were less reproachful about such operations, with half ready and another half not ready to boycott. Over four-fifths of the respondents said they have reduced buying Russian products due to the war in Ukraine. Over half 59% of respondents said they stopped buying Russian products, and a quarter 25% said they stopped buying Russian products partially. The respondents were asked to name brands or companies they have boycotted over the invasion of Ukraine ...
Updated: 05/24/2022
Mining and oil firms lead dividend jump in first quarter
... number of challenges in the months ahead. LONDON Reuters - Mining and oil firms led a 11% jump in dividends to a first quarter record of $302.5 billion, a report that warned companies faced a growing number of challenges in the months ahead. The war in Ukraine, geopolitical tensions, high energy and commodity prices, rapid inflation and rising interest rates are all likely to impact companies' dividend prospects, according to British asset management group Janus Henderson . There is greater uncertainty ...
Updated: 05/24/2022
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