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Fast-rising wages led the Fed to raise higher interest rates

The fast-rising wages could lead the Fed to raise higher interest rates. The Labor Department data released on Friday stated the average hourly earnings soared to 0.7% in January.  In the previous 12 months, the average hourly earnings ran at a 5.7% pace. Going back to 2007 the fast-rising wages is the fastest-move by a

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Covid-19 Impacts Vertical Growth – High-Rises Supply Share Dips to 52% in 2021

Of total 1,178 projects launched across the top 7 cities in 2021, 614 were high-rises (G+10 floors or more) In 2019, of 960 projects launched, 603 projects (63%) were high-rises; 60% in 2020 NCR saw the maximum decline of 32% in total share of high-rises in 2021 against the pre-Covid-19 year of 2019, followed by

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Commodities & Currency Economic & Finance Market Overview Real Estate

China’s property developers cannot access U.S. bond markets

China’s property developers face a hard time accessing U.S. bond markets. Annalisa Di Chiara, a senior VP at Moody’s, informed CNBC, “Squawk Box Asia” on Monday, “We are seeing the trend of China property turmoil continuing to dampen enthusiasm for some high-yield issuance.”  Furthermore, she added that China’s property developers have nearly $35 billion worth

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Economic & Finance Market Overview Stocks & Funds

Mainland China markets rise after Lunar New Year holidays

After the Lunar New Year holidays, Mainland China markets rose. On Monday, the markets reopened, as Asia-Pacific shares were mixed, while investors continuously monitored the Ukraine situation.  Stock market after the Lunar New Year The Monday stock market saw the Shanghai composite soar 2.03% and close at 3,429.58. Furthermore, the Shenzhen component rose 0.965% to

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India to impose a 30% tax on Cryptocurrency; What expert says

India’s Finance Minister Nirmala Sitharaman announced to impose a 30% tax on cryptocurrency. Partner at IndusLaw, Ritesh Kumar, told Business Insider, “The 30% rate of tax and restriction to set-off losses is a very bold move in discouraging transactions in crypto.” Nirmala Sitharaman, Finance Minister of India, said during the Union Budget 2022-23, “Cryptocurrencies will

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Commodities & Currency Economic & Finance Market Overview

India: It’s time for Gold to shine

According to a recent report published by the World Gold Council (WGC), India saw a huge increase in gold consumption in 2021, which would probably continue to rise in 2022. Indian gold market sold 797.3 tonnes of goods in 2021, a 78 percent increase from 446 tonnes in 2020. Further, the predicted consumption for 2022

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Economic & Finance Market Overview World Affairs

New Zealand suffers with highest inflation in last 30 years

New Zealand (NZ) is hit by a bad wave of inflation. According to reports New Zealand inflation rate hit 5.9 percent recently, experiencing the fastest growth rate since 1990. This is a very rapid increase as the inflation rate just in September, 2021 was at 4.9 percent. “Rising inflation leads to rising interest rates which

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Advisor Network Banking & Insurance Commodities & Currency Economic & Finance Market Overview Stocks & Funds World Affairs

The 4th Quarter saw a 1.7% surge in the U.S. Economy

The Commerce Division on Thursday introduced that the U.S. economy surged by 1.7% in the 4th quarter. Despite the pandemic and severe inflation, the financial growth soared to 5.7% — deemed the most important since 1984.  A surge in the U.S. Economy The Commerce Division said, “primarily mirrored a rise in companies, led by well-being

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Economic & Finance Market Overview Stocks & Funds World Affairs

Global economic growth to drop 4.4% after slowdown in U.S. and China: report

A new report by International Monetary Fund (IMF) shows reduced rate of global economic growth at 4.4 percent, lower than its earlier prediction of 4.9 percent. The report states that the larger than expected lockdowns in United States (U.S) and China are responsible for this reduction.  “We project global economic growth this year at 4.4

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Advisor Network Economic & Finance Laws & Registration Market Overview Real Estate State & Urban

Avg. Revenue Per Property Registration in Maharashtra Rose by 78% in January 2022

As of 24th January 2022, Maharashtra reported 92,055 property registration in the first month of 2022. Though this is 33% lower compared to the previous month, a few working days are still left for the month to end. Anuj Puri, Chairman – ANAROCK Group said, “The revenue from property registration in Maharashtra has also declined

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