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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's fiscal policy 'overly biased' toward creating productive capacity: JPMorgan economistJahangir Aziz, chief emerging markets economist at JPMorgan, says "fiscal policy in particular has been overly biased towards creating productive capacity, industrial production — far less on creating demand."
Persons: Jahangir Aziz Organizations: JPMorgan
Diwali, the Festival of Lights, explained
  + stars: | 2023-11-11 | by ( Manav Tanneeru | Harmeet Kaur | ) edition.cnn.com   time to read: +6 min
CNN —More than a billion Hindus, Sikhs, Jains and Buddhists around the world are celebrating Diwali, the festival of lights. Narinder Nanu/AFP/Getty Images• Choti Diwali, or Naraka Chaturdashi: The second day of Diwali marks Lord Krishna’s defeat of the demon king Narakasura. • Diwali, or Lakshmi Puja: The third day of the festival is what people typically think of as Diwali. For some Hindus, Diwali marks Rama and Sita’s triumphant return to their kingdom after 14 years of exile. For Jains, Diwali signifies the day Lord Mahavira, their last spiritual leader, attained physical death and achieved enlightenment.
Persons: It’s, Rafiq Maqbool, Lakshmi, Dhanvantari, Ayurveda, Narinder Nanu, Krishna’s, Narakasura, , Krishna, Lord Indra’s, • Bhai Dooj, Lord Yama, tilak, Prince Rama, Vishnu, Sita, Ravana, Rama, Sita’s, Xavier Galiana, Lord Krishna’s, Bali, Bandi, Hargobind, Emperor Jahangir, Jahangir, Guru Hargobind, Mahavira, Emperor Ashoka, Manjunath Kiran, patti, Shiva, Parvati Organizations: CNN, Getty, Lord Locations: India, Nepal, Malaysia, Fiji, Homes, Mumbai, AFP, Vrindavan, Bangalore
The US dollar is losing some influence in the oil markets, according to JPMorgan. The correlation between the USD's strength and oil prices has weakened, per the bank's research. The analyst drew the conclusion by looking at the impact of a strengthening dollar on oil prices. AdvertisementAdvertisementThe relationship exists because the dollar is traditionally inversely correlated to oil prices — meaning that when the greenback's value rises, oil prices fall, and vice versa. This trend is because more oil is now being transacted in non-dollar currencies, JPMorgan said in its report, such as the Chinese yuan.
Persons: Natasha Kaneva, Kaneva, Jahangir Aziz, , It's Organizations: JPMorgan, Service, Brent, Reuters, Russia Locations: Wall, Silicon, China, Russia, Ukraine, Washington
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 6.1% GDP growth in January-March quarter shouldn't have come as a surprise, JPMorgan saysJahangir Aziz of the investment bank says other emerging markets have "all been surprising on the upside, barring … Taiwan, Czech Republic and South Africa."
Persons: Jahangir Aziz Organizations: Locations: … Taiwan, Czech Republic, South Africa
Das, a professor of English at Oxford University, is the rare scholar who combines a sensitivity to the literature of Jacobean England with a sympathetic and nuanced understanding of the Mughal empire. In Das’s telling, Roe was not a herald of the Company Raj to come as much as a product of 17th-century England, an island nation whose commercial ambitions were beginning to overshadow its royal court. Conflicts over precedence did nothing to advance his mission of securing trade rights, which was the real reason Roe had been sent across the Indian Ocean. The Mughal emperor Jahangir suffered neither James I’s financial embarrassments nor accorded much privilege to traders. Indeed, the court’s sumptuous ceremonies led “mogul” to become a byword for fantastical wealth and overwhelming power.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket reaction to Fed Chair Powell's speech was 'much more muted' than expected, says JPMorganJahangir Aziz of the investment bank said in the next few weeks, the market will wake up to the realization that Fed rate hikes and dollar strength are not over.
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