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economic · economic

Oil prices dropped significantly as peace talks with Iran appeared imminent. Stock markets showed mixed reactions, with US futures rising and Asian markets declining. Japan's yen surged after the US and Japan confirmed joint intervention to support the currency. This rare bilateral action aimed to halt the yen's slide to fresh multi-decade lows. The intervention signals a warning to speculative traders against further yen depreciation.

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India’s short-dated bonds will outperform debt with long duration, as the central bank is expected to keep interest rates on hold and banks are set for a large cash surplus, according to traders.

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India's new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the rupee and contain imported inflation.

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Economists anticipate the Reserve Bank of India will maintain its current interest rate at 5.25 percent. The central bank is also expected to keep its neutral monetary policy stance for the fourth review. Some economists foresee a potential rate hike in the second half of fiscal year twenty twenty-seven. Inflation forecasts for fiscal year twenty twenty-seven are divided among surveyed economists.

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Bond investors including Brandywine Global Investment Management and Wellington Management say the risk of a deeper Treasury rout is rising as Federal Reserve Chairman Kevin Warsh keeps investors in the dark about how officials will respond to the evolving economy.

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Secondhand booksellers believe they may have been caught up in the AI supply chain that sees old books scanned then destroyed Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast “Sometimes books tell you more than the content,” says Tim White, as he lines up carefully dust-jacketed books and pamphlets in plastic sleeves on temporary shelves in Melbourne University’s Wilson Hall. He’s preparing his stall for this weekend’s Melbourne Rare Book Fair . For people like White, who runs independent bookshop Books for Cooks, the book as a physical object is just as important as what’s inside it. Continue reading...

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Nuvama Institutional Equities has initiated coverage on KPR Mill, Indo Count Industries and Sanathan Textiles with 'Buy' ratings, citing the global shift in textile sourcing away from China. The brokerage expects Indian textile exporters to benefit from supply chain realignment, supported by capacity expansion, policy tailwinds and improving trade access.

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Growers say allowing Indian and Indonesian fruit in poses a wider biosecurity threat

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Brazil on Wednesday denounced the United States for using "baseless and false" claims to extend its emergency trade powers against the South American country for another year, a move that justifies the continued imposition of punitive tariffs on Brazilian exports.

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Burnham says UK exploring measures against Israeli settlements in West Bank The new UK Prime Minister Andy Burnham has signalled that he is exploring taking firmer measures against Israeli settlers in the West Bank amid ongoing attacks on Palestinians in the occupied territory. "There are potential measures that I'm looking at in terms of the settlements in the West Bank, and those will be looked at an announced in due course," Burnham told TLDR news on Saturday. The UK imposed new trade guidance on Israeli settlements in the West Bank in June, but fell short of issuing an outright ban on imports of settler-linked goods. Israel's expanding settlements in the West Bank were found to violate international law by the Internaional Court of Justice in June 2024. Burnham's comments come as attacks by Israeli settlers continued on Saturday, with crops torched and several Palestinians injured in villages outside Hebron and Jenin, according to the Palestinian news agency Wafa.

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A relentless run of uncertainty, from war to tariff fights to inflation that refuses to die, has challenged investors this year. Now they have to balance another risk: A Federal Reserve that won’t tell them what it’s thinking.

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Harvard professor and former Obama economic adviser Jason Furman explains why tariffs, geopolitics, and Federal Reserve credibility are shaping the next chapter of the inflation fight, and why the toughest decisions may still lie ahead. (Source: Bloomberg)

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Live, rolling coverage as British oil company looks for buyer amid political dispute over future drilling licences Good morning, and welcome to our live coverage of business, economics and financial markets. BP has put its North Sea oil business up for sale, saying it will try to find a buyer amid a political dispute over whether the UK government should allow more drilling. The UK has been our home for more than 100 years and will continue to play an important role in our future. We’re proud of the jobs we create, the contribution we make to the UK economy, and the work we do to keep energy flowing every day. The North Sea remains integral to the UK’s energy system. However, as we focus our portfolio and direct capital to our highest-value opportunities, we believe our North Sea business will be better positioned as part of another company. It has world-class people, resilient assets and a proud heritage, and it is precisely these qualities that can attract an owner ready to back its next chapter. We are seeking an outcome that recognises that value. I indicated in the phone call that we had, a week last Monday, that I would take a pragmatic approach when it comes to the North Sea, and that is my intention as we go forward from here. There is a resource there. When people are struggling, we can’t ignore that. Hence, me indicating that to the president. Although we believe the AI buildout still has legs, we expect burned leveraged traders in Korea to continue to exit the market, keeping it under pressure. That’s sufficient reason to lower our weight on the broader emerging market complex to neutral. 10am BST : Eurozone inflation rate (July; previous: 2.8%; consensus: 2.9%) Continue reading...

economic · economic

The total import and export value of Yiwu City, known as the "world's supermarket," in east China's Zhejiang Province, reached 486.42 billion yuan (about $71.64 billion) in the first half of 2026, up 19.9% year on year, according to customs statistics.

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The US Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5% to 3.75%, as widely expected by the market.

economic

Oil prices have surged past $100 per barrel amid escalating Iran–Israel tensions and fears of a prolonged closure of the Strait of Hormuz, a key global energy chokepoint. Analysts warn crude could climb to $150 if disruptions persist, raising inflation risks and pressuring Indian equities, which have already seen sharp declines amid foreign outflows, rupee weakness and energy supply concerns.

economic

The Reserve Bank of India has introduced measures to boost foreign currency inflows, including incentives for external commercial borrowings and bearing hedging costs on FCNR(B) deposits. These steps aim to strengthen external buffers and support the rupee amidst market outflows. The central bank also maintained its policy rate at 5.25% and a neutral stance, while revising inflation and growth forecasts.

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India's economic growth forecast for FY27 has been raised to 6.6 percent by the World Bank. This positive outlook is driven by reduced US tariffs and anticipated benefits from new free trade agreements. While external demand may weaken due to global conflicts, domestic demand and export growth are expected to pick up.

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Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit in the future. The worries sparked a sharp selloff in the tech stocks.

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'Driver of global instability': UN chief says Middle East fighting must stop UN secretary-general Antonio Guterres has said that fighting must stop on all fronts in the Middle East as it is increasingly becoming a driver of global instability, according to Reuters. The UN chief noted that trade through the Strait of Hormuz has collapsed, energy markets have been upended, prices of food and key fertilisers have surged, and supply chains are buckling. The World Food Programme warned that as many as 45 million people could face acute food insecurity as a result, while rising prices and slowing growth threaten to push millions more back into poverty, he noted. He called the US announcement of an agreement for Hamas to relinquish its weapons and for Israel to withdraw its forces from Gaza "good news." "It was announced already that there is a roadmap to implement these objectives. That roadmap must be followed without any questions, scepticism, or determination to undermine it. Now is the time for both sides to implement what was agreed," said Guterres.

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Chilean President Jose Antonio Kast received China’s ambassador to Santiago, Niu Qingbao, at the La Moneda Palace on Friday morning, in an encounter that lasted more than an hour and marked the first meeting between the two men since the right-wing leader took office in March. According to the presidency, Kast, Foreign Minister Francisco Perez Mackenna and Foreign Affairs Undersecretary Patricio Torres used the meeting to review their bilateral agenda, the minister’s coming trip to China and the...

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Chinese ⁠government buyers bought at least eight ⁠cargoes of US soybeans on Friday for shipment from US Gulf Coast terminals and six cargoes for shipment from Pacific Northwest ports in October and November, two US traders with knowledge of the deals said. The ‌sales volume of at least 840,000 tonnes was among China’s largest single-day purchases this month after the world’s top soybean importer restarted purchases from the US in late June. China had slowed purchases of American soybeans over...

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Alberto Musalem says he supported dissenters’ calls for a quarter-point interest rate rise

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Former Federal Reserve Vice Chairman Richard Clarida, and now a global economic adviser for Pimco, says said the central bank risks creating uncertainty if it alters its preferred inflation measure without clearly communicating what policymakers are targeting. Clarida offered that caution on Friday on "Bloomberg Money" in the wake of Chairman Kevin Warsh’s suggestion for a review of possible alternatives to the US personal consumption expenditure core index, known by the acronym PCE. Clarida speaks to Scarlet Fu and Tom Keene. (Source: Bloomberg)

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India’s largest consumer companies are gearing to raise prices on products from toothpaste to tires and paint ahead of the festival season and for the second straight quarter, as the prolonged Middle East conflict drives up commodity costs and threatens to keep inflation elevated.

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The total volume of non-commodity non-energy exports reached around $163.7 bln

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America’s defense industrial base cannot build the Navy out of the threat it faces. Decades of industry consolidation, persistent resource shortages, and inconsistent demand signals have delayed the production of critical vessels and munitions. With production bottlenecks stacking up, the Navy may have no choice but to let its allies do some of the building.Both the National Defense Strategy and Navy Warfighting Instructions highlight how mobilizing allies can field more forces to the mutual benefit of the United States and its strategic partners. Likewise, the latest U.S. Navy Shipbuilding Plan stresses the importance of allied investment and production.The Trump administration The post How Japan Could Co-Produce the Navy’s Future Fleet appeared first on War on the Rocks .

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As the relationship between the United States and Canada continues to degrade, it now comes at the expense of each country’s industrial security.Last month, the Pentagon announced the unilateral suspension of the 86-year-old Canadian Permanent Joint Board on Defense in response to what the White House sees as Ottawa’s failure to present a credible plan to spend 3.5 percent of GDP on defense by 2035. And the opening of the gleaming new bridge between Detroit and Windsor has been long delayed in the tense run-up to the continental trade deal review.What many policymakers in Washington fail to realize is that The post The Defense Industrial Alliance Washington Is Throwing Away appeared first on War on the Rocks .

economic · economic

The Federal Reserve's decision, which was broadly expected, means rates remain between the 3.5% and 3.75%.

economic · economic

Federal Reserve Chairman Kevin Warsh faces a difficult choice regarding monetary policy. His recent statements on inflation have unsettled bond markets significantly. Some central bankers are advocating for interest rate hikes to combat rising prices. Others, however, are hesitant to disappoint President Donald Trump's easing expectations. This internal division creates uncertainty for future economic policy decisions.