Economy

Discovery looks to create a ‘golf Netflix’ with coaching videos from Tiger Woods as the centerpiece

Watch CNBC’s full interview with Tiger Woods   9:53 AM ET Wed, 28 Nov 2018 | 16:36 Will people pay to have Tiger Woods as a golf coach? Discovery, which just struck a multiyear global content collaboration deal with the 14-time major championship winner, is betting the answer to that question is yes. GolfTV, a new digital streaming service jointly created ... Read More »

Why are FMCG companies turning to e-commerce portals for product launches?

Be it a chocolate, chips or your favourite noodles, you will be able to find it on an e-commerce portal before it hits the supermarket shelves near you. FMCG companies are looking at exclusive tie-ups for a limited period to launch their products on e-commerce portals first before taking it to the mass markets. Last week, FMCG major ITC tied up with ... Read More »

JP Morgan sees a slowdown coming, with economy growing at less than 2 percent in 2019

Frederic J. Brown | AFP | Getty Images A container delivery truck passes containers stacked at the Port of Long Beach in Long Beach, California on July 6, 2018, including some from COSCO, the Chinese state-owned shipping and logistics company. – JP Morgan economists expect economic growth to slow down in 2019, to a pace of 1.9 percent for the ... Read More »

Why stock market investors should be closely watching bond yields

Timing bear markets is never easy, but it’s even more so with fixed income. When they do occur, they are often fairly quick in nature. Both instances of sovereign bonds cheapening in 2018 have been characterized by such behavior. In February, stock markets were roiled by the 40 basis point rise in 10-year U.S. yields . Yields have an inverse ... Read More »

Every state in India now has a functional airport

If tourists wanted to visit the north-eastern state of Sikkim, normally they would land at West Bengal’s Bagdogra airport and then travel the rest of the 124 km by bus or car to reach Sikkim’s capital city of Gangtok. But, that’s set to change with Pakyong airport opening for business today. The first flight to Sikkim’s first airport took off today morning from ... Read More »

Series of reforms transformed economy: Jaitley 

New Delhi, Aug 27 () Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the “weak economy” it inherited from the UPA government. Jaitley, in a Facebook post, said an analysis of what the IMF had to say in 2014 was very clear — high inflation, high ... Read More »

Global Economy Week Ahead: U.S. GDP Revisions and Other Data

The U.S. Commerce Department releases personal consumption data this week,a measure of household spending on everything from hospital stays to groceries. PHOTO: SCOTT OLSON/GETTY IMAGES In the week ahead, the U.S. Commerce Department releases second-quarter gross domestic product revisions and July personal-income figures. Overseas, Brazil will see second-quarter gross domestic product data and China will release factory-activity numbers. Wednesday: The Commerce Department ... Read More »

Partisanship’s a Helluva Drug — And It’s Reshaping the Economy

Spencer Platt/Getty Images Since his inauguration, President Donald Trump has tweeted about the economy, stock market, unemployment and/or consumer confidence at least 172 times. Read those messages, and you’ll find one consistent theme: The notion that Americans’ sky-high confidence in the economy is evidence of Trump’s popularity and success. “Our Economy is doing better than ever,” he said in a fairly representative tweet ... Read More »

The Myths About China’s Economic Slowdown

An employee counts 100-yuan notes at a bank in Nantong in China’s eastern Jiangsu province on July 23, 2018. China’s real GDP growth peaked in 2007 at 14.2%, and has been trending downward since. By 2017, it dropped to 6.8%. That much is clear and unmistakable. The problem is how to interpret the slowdown, especially in light of some recent ... Read More »

Deteriorating finances batter the SA economy

nternational rating agency Fitch in June also revised its South Africa outlook from the 2.3 percent it forecast previously to 1.7 percent. Photo: Reuters JOHANNESBURG – South Africa’s battling economy pushed further to the edge yesterday as Moody’s flagged that the country deteriorating public finances and weak domestic spending constrained retail sales. Moody’s said the pace of the country’s fiscal consolidation would ... Read More »