Mark to market accounting

Notable job gains in August occurred in government employment, which were largely buoyed by temporary hiring for the 2020 census. Employment in government increased by 344,000 in the month, accounting for one-fourth of the over-the-month gain in total nonfarm employment. … [Read more...] about US unemployment rate falls to 8.4% in August as labor market slowly recovers

A central bank auction of sovereign bonds didn’t find buyers for a chunk of the debt on offer at reasonable rates for the third time in four weeks, indicating that Mint Road will seek to lower yields that have remained uncomfortably firm despite policy rate reductions and spot measures.Bond houses took about Rs 17,970 crore worth of unsold papers on their books as Mint Road did not oblige elevated yields that traders sought in the primary bond sale Friday. The central bank accepted just one competitive bid of Rs 25 crore at 6.02 percent. “Clearly, the RBI is not comfortable with yields above 6 percent,” said Siddharth Shah, Head–Treasury, Senior Vice President, STCI Primary Dealer. “The market is ignoring the central bank’s signals. The authorities will have to come out with a plan to revive the waning investor appetite and check rising funding costs.”New Delhi’s gross market borrowing has jumped to Rs 12 lakh crore this financial year … [Read more...] about Bonds remain unsold at RBI auction for third time in 4 weeks

The China Academy of Information and Communications Technology, a government think tank, forecast earlier that China is likely to spend 1.2 trillion yuan ($175.4 billion) on 5G network construction by 2025, driving more than 3.5 trillion yuan of investment in the upstream and downstream industrial chain and other related sectors by then. … [Read more...] about 5G takes central position in plans

Majeed, one of the big saffron cultivators, says most of the work under the mission is complete. “We are awaiting the testing of drip irrigation. The pipes have been laid and 104 bore wells dug, however, the irrigation system hasn’t been connected with the supply line. Once that’s done, production will increase manifold and drought won’t impact this crop,” he says. … [Read more...] about Kashmir poised for a saffron surge

"It is not only a concrete measure to implement the opening-up commitment of the fair, but also an important force to drive the high-quality development of China's service industry and form a new pattern of reform and opening up at a higher level," said Zheng. … [Read more...] about Xinhua Headlines: China’s unwavering opening up infuses confidence into global economy