Economic · Economic

📉

Why Peru wants to shift its relationship with China beyond raw mineral supplies

S7

Peru wants to move to the next phase of its economic relationship with China to reduce the risks from trade ties dominated by the export of raw minerals, according to the country’s ambassador Carlos Vasquez. He told Tsinghua University’s World Peace Forum in Beijing on Friday that Peru was now seeking investment in the country’s infrastructure as it sought to diversify its economy. He said a handful of products – including copper, iron and fishmeal – accounted for more than 90 per cent of Peru’s...

Economic · Economic

📉

Beijing opens lithium futures to foreign traders to cement pricing power over US

S7

Beijing has unveiled new measures to keep its tight grip on lithium prices, in a move that may give it an edge over the US in the key material vital for electric vehicle and energy storage. Following mining endeavours worldwide to secure supplies, Chinese authorities announced they would allow offshore industrial players to trade lithium carbonate onshore to cement its pricing power. Effective July 3, the Guangzhou Futures Exchange, one of China’s major commodity bourses, began allowing miners,...

Economic · Economic

📉

Oil slips after OPEC+ agrees to raise output targets

S7

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output may be capped due to ongoing geopolitical tensions. Gulf oil exports are reviving but still lag pre-conflict levels, while Russia's crude shipments surged due to refinery damage.

Economic · Economic

📉

Global Market Today: Shares edge higher in Asia as oil dips, earnings loom

S7

Asian markets saw gains as Wall Street futures rose, buoyed by hopes of strong earnings and easing oil prices. Reduced inflation fears have lessened the likelihood of a near-term Federal Reserve rate hike, allowing investors to anticipate a tech profit boom driven by AI. Samsung Electronics is expected to report a significant profit jump, highlighting the strong performance of chipmakers amidst high demand and tight supply.

Economic · Economic

📉

Court Term Reflects Reagan, Not Trump, Priorities

S7

Bloomberg Supreme Court reporter Greg Stohr says the court's latest term largely advanced long-standing conservative legal priorities rooted in the Reagan era, while rejecting several Trump-specific initiatives, including broad tariff powers. Joining David Gura and Christina Ruffini on Bloomberg This Weekend, Stohr says the justices left unresolved questions over presidential authority to remove Federal Reserve officials, signaled potential future debate over birthright citizenship and agreed to hear major challenges to state assault weapons bans next term. (Source: Bloomberg)

Economic · Economic

📉

Daily Memo: USMCA’s Fate, US Urges Iran to Think Strategically

S7

No extension. The U. S. The U. S. , Canada and Mexico will continue negotiating new terms of their trilateral trade agreement after Washington on July 1 opted not to sign on for a 16-year extension. S. market. [… says it is concerned with trade deficits and with third countries using its neighbors to gain tariff-free access to the U. ] The post Daily Memo: USMCA’s Fate, US Urges Iran to Think Strategically appeared first on Geopolitical Futures.

Economic · Economic

📉

OPEC+ tipped to raise quotas again as Middle East calms

S7

OPEC+ tipped to raise quotas again as Middle East calms Seven OPEC+ members are likely to raise oil production quotas on Sunday as Gulf countries are reeling from the Middle East war, analysts told AFP. Saudi Arabia, Russia and five other members of the enlarged Organisation of the Petroleum Exporting Countries (OPEC+) are meeting online on Sunday to discuss quotas for August. OPEC+ will likely continue "to unwind the production cuts at the same pace like in the previous months", said Giovanni Staunovo, a commodity analyst at the Swiss bank UBS, predicting an increase of 188,000 barrels per day. "But for now, production is probably still below the group's targets," Staunovo told AFP. Gulf countries had to cut output after the near-paralysis of the Strait of Hormuz orchestrated by Iran during the war in the Middle East, which blocked their oil exports for several months. Since the signing of an MoU between Iran and the US on June 17, ship transport in the region has shown signs of recovery, and oil prices have dropped sharply.

Economic · Economic

📉

India eyes further oil exploration after Iran war shortages

S7

Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domestic crude exploration, its oil minister says. India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas, faced major disruptions due to restrictions on the Strait of Hormuz during the conflict between the United States and Iran. With a temporary US-Iran deal in place to pause hostilities, oil and gas shipments are flowing through...

Economic · Economic

📉

The end of ‘just in time’? Asia rejigs supply chains post-Hormuz

S7

How many crises does it take to change the way the world trades? For Asia, the answer appears to be three. First Covid closed the factories that fed the logistics networks, then Russia’s invasion of Ukraine choked off Black Sea grain exports and sent energy prices spiralling. Now, the US-Israel war on Iran may have hammered the final nail in the coffin of “just in time” supply chains that some economists say are no longer fit for purpose. “Taken together, they show that serious disruption is now...

Economic · Economic

📉

‘Imagine having 40 million on food stamps’: Ghalibaf hits back at Trump

S7

‘Imagine having 40 million on food stamps’: Ghalibaf hits back at Trump Iranian Parliament Speaker Mohammad Bagher Ghalibaf has hit back at US President Donald Trump after he claimed Iran needed American food exports, saying Trump was projecting his country's own economic problems onto Iran. In a post on X on Thursday, Ghalibaf wrote: "Imagine having forty-something million of your own citizens on food stamps and calling another nation hungry. This is not a proclamation. This is a projection. Keep your SNAP advice. Our assets, our choices. Mind your malnutrition rates. " His remarks came after Trump told CNBC that Iran was struggling with “300 percent inflation” and was “making no money”. Trump added that the US hoped to eventually supply Iran with food commodities if ongoing diplomacy succeeds. "They need food. They need corn, wheat, and soybeans, and we're going to have exclusively our American farmers provide that," Trump said. He also told CNBC that Tehran had agreed to "just about everything we need" in talks he stressed were primarily aimed at preventing Iran from obtaining a nuclear weapon. Imagine having forty-something million of your own citizens on food stamps and calling another nation hungry. This is not a proclamation. This is a projection. Keep your SNAP advice. Our assets, our choices. Mind your malnutrition rates. — محمدباقر قالیباف | MB Ghalibaf (@mb_ghalibaf) July 3, 2026

Economic · Economic

📉

On Bond Street, falling yields spur a Rs 17,000-crore fundraise

S7

Indian institutions secured over ₹17,000 crore via bond sales as falling benchmark yields made borrowing cheaper. Nabard notably raised ₹8,000 crore at a competitive 7.16% for three-year debt. This surge in issuances is attributed to favorable market sentiment, central bank measures, and expectations of India's inclusion in a global bond index, with conditions likely to persist until September.

Economic · Economic

📉

Wall Street Week Ahead: Investors look for Fed rate clues, earnings signs as tech wobbles

S7

Investors are keenly watching for clues on potential interest rate hikes and early earnings reports this week. Following a strong second quarter, the market's tech-driven rally has shown volatility. Key events include the Federal Reserve meeting minutes and earnings from Delta Air Lines and PepsiCo, which could signal the market's next direction and the health of consumer spending.

← PreviousPage 26 of 200Next →