BigBreakingWire

IMF Revises Down Global Growth Outlook, Cites Rising Risks
The fund identifies wars and protectionism as potential threats to economic expansion.
Forecast for the euro area has been downgraded due to manufacturing declines in Germany and Italy.

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🚨 U.S. recession risks are lower, with a brighter economic outlook, says the IMF. Strong productivity and immigration are boosting growth. Advanced economies are also improving inflation control, aiming for target levels by 2025.

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🚨 IMF has updated its 2024 growth forecasts, raising estimates for the U.S. (2.8%), Brazil (3.0%), Britain, and India (7.0%), while lowering them for China (4.8%) and Japan. Global GDP growth remains at 3.2%, amid risks from conflicts and trade wars.

Read more 👇 https://bigbreakingwire.in/imf-2024-growth-projections-revealed-u-s-at-2-8-brazil-3-0-germany-0-china-4-8-india-7-0-what-it-means/

🚨 FIIs sold ₹3978.61 crore worth of stocks, while DIIs bought ₹5869.06 crore today.

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🚨 Foreign investors pulled a record ₹82,500 crore from the Indian stock market in October, extending 16 days of selling amid high stock valuations. Total outflows since September 27 reached nearly ₹93,500 crore, surpassing March 2020's ₹61,973 crore.

Read more 👇 https://bigbreakingwire.in/record-dii-investment-surpasses-4-lakh-crore-in-2024-october-sees-rs-63981-crore-inflow-amid-rs-67310-crore-fpi-outflow/

🚨 SEBI's New Rules for AMCs: Quarterly Disclosure of Holdings, Ban on Unregistered Investment Advisors, and Concerns Over Rising Retail Participation in Futures and Options Trading.

Read more 👇 https://bigbreakingwire.in/sebi-new-regulations-enhanced-disclosure-for-asset-management-companies-restrictions-on-investment-advisories-and-concerns-over-fo-trading

🚨 SEBI Mandates Asset Management Companies to Disclose Holdings

Securities and Exchange Board of India has introduced new rules for Asset Management Companies (AMCs).

Starting November 1, AMCs will need to disclose the holdings of designated persons, trustees, and their close relatives every three months.

This decision is intended to improve transparency and accountability in the asset management industry.

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🚨 Despite strong retail sentiment and bullish fund manager surveys, corporate insiders are selling stock at the highest rate in over three years, with notable sales from Warren Buffett and Nvidia's CEO, indicating caution despite positive earnings guidance.

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🚨 India’s Finance Minister Nirmala Sitharaman said the country faces a big challenge in training its young workforce. Speaking in New York, she explained that many graduates don’t have the right skills for jobs and need better training to be employable.

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🚨 Citigroup strategists, led by Chris Montagu, noted that investor exposure to the S&P 500 is at its highest since mid-2023, similar to levels before last year's 10% drop. They advise against reducing exposure, but warn that the rising positions carry more risk.

Live Update https://bigbreakingwire.in/stock-in-news

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🚨 Indian Rupee has weakened past 84.0775 per U.S. dollar, reaching an all-time low.

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Or more likely, she complained about Trump's mismanagement and how it's going to cost the country, urging people to vote for us type BS.

https://x.com/BigBreakingWire/status/1848653468933722458?t=MFEmBnjdqA4HaCQipIWt4A&s=35

Something on Debt Crisis expected, big event.

U.S. Treasury Secretary Janet Yellen will hold a press conference at the Treasury Department at 10:30 AM ET (8:00 PM IST).

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🚨 Big Breaking

Madhabi Puri Buch, the chairperson of the SEBI, has been cleared of any wrongdoing by the Centre on October 22, according to India Today, which cited top government sources.

An investigation by the government found no evidence against Buch or her family, and the report stated that she will not face any action or be expected to resign.

This announcement comes just days before the Public Accounts Committee reviews major regulatory authorities, which includes summoning the heads of SEBI and Trai. The review meeting is expected to take place on October 24.

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