economic · economic

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Malaysia’s 10% US tariff beats regional rivals, but for how long?

S7

Malaysia has won a small victory in Washington’s tariff wars, securing a 10 per cent rate that leaves it better placed than four of its Southeast Asian neighbours in the scramble for US orders. Economists warn the narrow advantage may prove fleeting, however, as it hinges on Kuala Lumpur fulfilling its promised trade reforms. The new duties, which fall under Section 301 of the US Trade Act and took effect on Friday, keep Malaysia in the lower tier of a new American tariff regime alongside...

scenario pending1 day ago

economic · economic

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Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 record

S7

India has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhotra said. FCNR(B) deposits have already exceeded the 2013 record, but strong dollar demand linked to costly oil imports and weak exporter hedging continues to keep the rupee near record lows.

scenario pending1 day ago

economic · economic

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Singapore tightens monetary policy for second time in 3 months

S7

Singapore tightened monetary policy on Monday for the second time in three months, as the fallout from the US war against Iran keeps global energy markets volatile and inflation risks elevated. The Monetary Authority of Singapore (MAS) said it would increase the rate of appreciation of the local dollar’s trade-weighted value. The move comes as oil prices remain elevated owing to tensions in the Middle East, sparked by the US-Israel attacks on Iran that began on February 28, and continue to cast...

scenario pending1 day ago

economic · economic

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Global Market Today: Oil falls, Asian stocks rise as Iran tensions ease

S7

Global markets saw oil prices fall and stocks rise as US and Iran paused retaliatory strikes. The dollar weakened against peers while Treasuries gained as inflation concerns receded. Traders now await Federal Reserve interest rate decisions and tech company earnings reports. Central banks globally will emphasize vigilance over higher energy prices impacting inflation. Singapore tightened monetary policy, strengthening its dollar against the US currency.

scenario pending1 day ago

economic · economic

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European shares gain as SAP lifts tech stocks; Middle East on watch

S7

European shares saw a rise on Friday, recovering from previous losses. Investors reacted positively to select corporate earnings reports and oil price concerns. Germany's DAX index climbed as SAP's cloud backlog growth exceeded expectations. Higher oil prices did not boost energy stocks due to a drop in Neste's performance. Policymakers indicated potential interest rate hikes amid inflation risks.

scenario pending3 days ago

economic · economic

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Stocks waver on Wall Street while crude oil prices fall for the first time in a week

S7

Stocks saw a mixed close on Wall Street as oil prices declined after a week of gains. Major indexes experienced losses for the week due to escalating U.S. conflict with Iran. Investors also faced new tariffs and persistent inflation concerns impacting the economy. Bond yields eased, providing some relief to the stock market's pressure. European markets advanced while Asian markets closed lower on Friday.

scenario pending3 days ago

economic · economic

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Gold edges up as Brent eases, Mideast developments in focus ahead of Fed meet

S7

Gold prices saw a slight increase on Friday as Brent crude oil retreated from highs. Investors are assessing Middle East conflict developments and their inflation implications. They also await the US Federal Reserve's interest rate decision next week. Bullion has seen a correction from record highs earlier this year. Elevated oil prices and rising yields may cap any further recovery.

scenario pending3 days ago

economic · economic

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Stocks mixed as oil prices pause climb but yields hover near highs

S7

Global bond yields remain near multi-decade highs as inflation worries persist. Stock markets found scattered relief as oil prices pulled back on Friday. U.S. Treasury yields stayed near their highest levels since 2007 and 2011. Investors anticipate potential interest rate hikes from central banks globally. Major currencies were steady against the dollar, while the yen weakened significantly.

scenario pending3 days ago

economic · economic

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Rupee hits day’s low against US dollar, recovers on RBI support

S7

The Reserve Bank of India's interventions prevented the rupee from falling to a new record low. State-run banks sold dollars, and foreign investor inflows aided the currency's recovery. High oil prices and importer demand put pressure on the rupee throughout the day. Brent crude prices retreated after topping one hundred dollars a barrel. The rupee closed little changed, recovering from its intraday low.

scenario pending3 days ago

economic · economic

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Index entry wait may temper bond rally as FPI inflows start to ease

S7

Indian bond rally may slow as foreign investor flows decrease. The benchmark government bond may trade in a tight range ahead. Higher government borrowing and interest rate uncertainty limit investor enthusiasm. Crude oil prices will remain a key factor dictating yield movements. Treasury gains are expected to be under pressure for banks.

scenario pending3 days ago

economic · economic

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Wall Street Week Ahead: US stocks face tests from Fed decision, tech-led earnings deluge

S7

Investors await the Federal Reserve's interest rate decision and corporate earnings reports. Technology giants and artificial intelligence companies will release their quarterly results. Rising oil prices and inflation concerns add complexity to the economic outlook. The market remains sensitive to any signs of economic imperfection and policy shifts. Future interest rate movements will significantly influence investor sentiment and stock valuations.

scenario pending3 days ago

economic · economic

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US small businesses sue Trump administration over new ‘forced labour’ tariffs

S7

Two US small businesses on Friday ⁠challenged President Donald ⁠Trump’s latest round of tariffs on goods ⁠from 60 trading partners, saying that the new policy, like most of Trump’s previous tariffs, went beyond the president’s authority to tax imports. The lawsuit, filed in the US trade court in New York, argues that the new tariffs require ‌more detailed country-specific findings about “forced labour” to be legally justified. The two small businesses, backed by a non-profit legal group that...

scenario pending4 days ago

economic · economic

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Trump vows fresh tariffs on EU in retaliation for US$1 billion Google fine

S7

US President Donald Trump threatened new tariffs on products from the European Union in retaliation for the bloc’s US$1 billion (€890 million) fine of Alphabet’s Google. The president in a social media post on Friday said the US would launch a trade investigation “into the practice of ‘ROBBING’ American Companies and, in turn, the American Taxpayer”. “The penalties will be entirely reversed and, we anticipate, a substantial TARIFF to be placed on them at the earliest possible moment,” Trump...

scenario pending4 days ago
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