Traders Magazine (September 25)
“Compliance and risk leaders need to reorient their processes and technology to align with how traders trade in today’s markets.” Many legacy systems are “decades out of date, designed in a time when you had to keep an eye on one financial instrument or venue at a time.” Insider trading can occur through economically related securities and a rising number of ”social media-related market manipulation cases” are facing regulators in India (SEBI), Hong Kong (SFC) and the U.S. (SEC). “Market operators and financial institutions must… innovate their practices to ensure market integrity while creating value and opportunities.”
Tags: Compliance, Economically related securities, Financial instrument, Hong Kong, India, Legacy systems, Market manipulation, Processes, Risk leaders, SEBI, SEC, SFC, Social media, Technology, Traders, U.S.
Wall Street Journal (September 18)
“The Federal Reserve’s rate cut Wednesday sounded the all-clear for overseas central banks that are also concerned about their domestic economic growth.” Some major central banks like the BoE and ECB, already beat the Fed in cutting rates, but “there are a number of others, including in India, South Korea and South Africa, that have held back. And the Fed’s move could encourage them to take the plunge.”
Tags: All-clear, BOE, Central banks, ECB, Economic growth, Encourage, Fed, India, Overseas, Plunge, Rate cut, South Africa, South Korea
World Bank (September 3)
“India remained the fastest-growing major economy and grew at a rapid clip of 8.2 percent in FY23/24…. Amid challenging external conditions, the World Bank expects India’s medium-term outlook to remain positive. Growth is forecast to reach 7 percent in FY24/25 and remain strong in FY25/26 and FY26/27.”
Tags: 8.2%, External conditions, Fastest-growing, Forecast, FY23/24, Growth, India, Major economy, Outlook, Positive, Rapid clip, World Bank
Fortune (June 21)
“Nvidia became the world’s most valuable company” earlier this week. Moreover, Nvidia’s market cap of $3.35 trillion “single-handedly eclipses all of Europe’s stock markets in market capitalization.” According to Deutsche Bank, “the chipmaker’s valuation outstrips that of all listed stocks in Europe’s major business hubs—Germany, France, and the U.K.” Currently the “only markets whose listed shares are collectively larger than Nvidia’s are those of the U.S., India, China, and Japan”
Tags: $3.35 trillion, China, Chipmaker, Company, Deutsche Bank, Europe, France, Germany, India, Listed stocks, Market-cap, Nvidia, Outstrips, Stock markets, U.K., U.S., Valuable, Valuation
Financial Times (June 5)
“India’s benchmark Nifty 50 rose 2.3 per cent following a sharp sell-off on Tuesday after a shock election result.” Meanwhile “Japan’s Topix index led losses as it dropped 1.4 per cent, driven lower by a decline in the financial and energy sectors. The yen was the region’s worst-performing currency as it fell 0.6 per cent against the dollar to ¥155.75.”
Tags: Benchmark, Currency, Decline, Election, Energy, Financial, India, Japan, Nifty 50, Sell-off, Shock, Topix, Worst-performing, Yen
Reuters (June 4)
“India may no longer be Narendra Modi’s” and any coalition government he can form will likely end “a decade of extraordinary stability.” While the elite have cheered Modi’s economic reforms, “India’s world-beating GDP growth is not trickling down to the masses fast enough: after a decade of Modi, most of the population are still poor enough to qualify for the government’s free food scheme.” In addition to income disparity, “many Indians feared his authoritarian streak and potential far-reaching changes to the secular constitution.”
Tags: Authoritarian streak, Coalition government, Economic reforms, Elite, Free food, GDP growth, Income disparity, India, Modi, Poor, Population, Secular constitution, Stability
Financial Times (April 14)
“Momentum in economies including the US and India has been picking up in recent months, helping stoke optimism that global growth in 2024 will modestly outpace last year’s reading…. providing a bright spot amid a largely lacklustre global economic backdrop .”
Tags: 2024, Bright spot, Economies, Global growth, India, Momentum, Optimism, Outpace, U.S.
Fortune (March 23)
“Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring Beijing’s challenges to spur its economy. It also has to contend with a steadily accelerating outflow of manufacturing as Apple and other American brands begin to position new capacity in countries from India to Southeast Asia to mitigate risks from US-China tensions.”
Tags: 1990s, Accelerating, Apple, Beijing, Brands, Capacity, Challenges, China, Economy, FDI, India, Investment, Manufacturing, Mitigate, Outflow, Risks, U.S.
CNN (March 18)
“All but one of the 100 cities with the world’s worst air pollution last year were in Asia… with the climate crisis playing a pivotal role in bad air quality that is risking the health of billions of people worldwide.” Of these, 83 cities “were in India and all exceeded the World Health Organization’s air quality guidelines” for PM2.5 “by more than 10 times.”
Tags: Air pollution, Asia, Cities, Climate crisis, Guidelines, Health, https://edition.cnn.com/2024/03/18/climate/air-pollution-report-2023-asia-climate-intl-hnk/index.html Worst, India, PM2.5, Quality, Risking, WHO
Wall Street Journal (March 19)
“Foreign investors have increasingly shifted their investments to India from China in recent years, partly because of concerns over Beijing’s unpredictable policy moves and China’s sputtering economy.” The shift doesn’t necessarily shield them. “A recent clampdown on one of India’s biggest financial technology companies rattled investors and serves as a reminder that New Delhi can also make sudden moves with a hefty impact on companies and market value.”
Tags: Beijing, China, Clampdown, Concerns, Economy, Financial, Foreign, Impact, India, Investments, Investors, Shift, Shifted, Sputtering, Technology, Unpredictable
