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Container rates soar on concerns of prolonged Red Sea disruption, inflation

by AIP Online Bureau | Jan 15, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

“Tanker rates will increase and futures are up this morning,” said John Kartsonas, managing partner at Breakwave Advisors, who added that dry bulk remains the least affected sector. Major importers like Tesla , Geely-owned Volvo Car and Ikea already have...

Global Economy: Rising shipping costs to push inflation

by AIP Online Bureau | Dec 31, 2023 | Eco/Invest/Demography, International News, Risk Management

Combined with disruptions at a drought-stricken Panama Canal in the Western Hemisphere, the rise in merchant shipping rates poses headwinds for central bankers in their inflation fight Shipping costs are rising as hundreds of container ships that typically transit the...
RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates

RBI holds rates, raises GDP growth forecast to 7 pc, no plan to loosen interest rates

by AIP Online Bureau | Dec 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

“The Indian economy presents a picture of resilience and momentum. Growth remains resilient and robust, surprising everyone. There is no plan to loosen interest rates as inflation continues to be the top priority for the central bank,” ,” Reserve...
RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%

RBI retains repo rate; GDP growth at 6.5%, inflation at 5.4%

by AIP Online Bureau | Oct 6, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Shaktikanta Das,Governor,RBI Das said taking into account the economic factors the MPC has predicted GDP growth at 6.5 per cent in FY24 As regards the inflation rate, the MPC forecast was 5.4 per cent for 2023-24 taking into account the various domestic issues...
Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB

Pandemic, inflation push 68 million more in Asia into extreme poverty – ADB

by AIP Online Bureau | Aug 24, 2023 | Eco/Invest/Demography, International News, Pandemic, Pension & Social Security

In a new report released on Thursday, the ADB said an estimated 155.2 million people in developing Asia, or 3.9% of the region’s population, lived in extreme poverty as of last year, 67.8 million more than would have been the case without the health and...
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