Economic · Economic

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India's external debt rises to $762.8 billion in FY26, debt-to-GDP ratio climbs

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India's external debt reached $762.8 billion by March 2026, a rise of $26.3 billion year-on-year, pushing the debt-to-GDP ratio to 20.8%. The US dollar's strength significantly impacted this figure. While long-term debt saw a modest increase, short-term debt's share grew, raising concerns about its proportion to foreign exchange reserves. Despite these shifts, debt servicing as a percentage of current receipts declined.

Economic · Economic

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EU sets October deadline for ‘tangible results’ on China imbalances after key trade talks

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In a bid to cool searing trade tensions, the European Union and China have launched a new ministerial-level platform for solving grievances, with Brussels insisting that disputes over trade imbalances, export controls and intellectual property must deliver “tangible results” by October. On Monday, in the middle of marathon talks in the Belgian capital, the sides issued a rare joint statement, in which they announced four initial workstreams, focused on trade and investment balancing, export...

Economic · Economic

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US Supreme Court rejects Trump’s unprecedented bid to fire Fed governor Lisa Cook

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The US Supreme Court refused on Monday to let Donald Trump ⁠fire Federal Reserve Governor Lisa Cook as it stood firm to preserve the central bank’s cherished independence against an unprecedented challenge by the Republican ⁠president. The court, in a 5-4 ruling, blocked Trump’s bid to become the first president to remove a Fed official since Congress created the central bank in 1913. In his second term as president, ⁠Trump has tested the limits of presidential power in numerous other ways as...

Economic · Economic

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China, EU commerce ministers meet amid widening trade imbalance

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EU Trade Commissioner Maros Sefcovic and his Chinese counterpart are meeting in Brussels as Europe prepares countermeasures to battle a flood of cheap imports. Also, oil prices climb after a weekend of renewed strikes between the US and Iran, and South Korea unveils a massive new investment in chip production.

Economic · Economic

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Sensex falls 50 points, Nifty above 24,050; Eternal, Sun Pharma, TechM rise 1%

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Indian stock markets traded mixed on Monday, with Sensex dipping slightly and Nifty inching higher amidst rising oil prices due to Iran-US tensions. While some blue-chips gained, broader markets saw a minor decline. Analysts suggest a potential market upturn due to easing FII selling and South Korea's volatility, but a deficient monsoon remains a concern. Upcoming Q1 results are expected to drive stock-specific movements.

Economic · Economic

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Gold slips as US-Iran tensions lift oil, US rate-hike bets weigh

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Gold prices dipped as escalating U. S. -Iran tensions fueled oil prices, while anticipated U. S. Federal Reserve interest rate hikes added further pressure. Despite a brief missile exchange, both nations reportedly agreed to de-escalate and resume talks. Meanwhile, Indian gold demand saw a premium emerge, contrasting with subdued activity in China. Other precious metals experienced mixed movements.

Economic · Economic

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Kent on Reserve Bank of Australia's New Framework

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Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. In a speech in Sydney, Kent, who oversees financial markets at the Reserve Bank, said the cash rate target remains the primary and preferred instrument, but additional tools can play an important role during extraordinary times and provide some extra support. (Source: Bloomberg)

Economic · Economic

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Can USMCA Survive Trump’s Second Term?

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As Canada, Mexico, and the United States begin reviewing the USMCA trade pact, former diplomats and trade negotiators say the stakes extend far beyond tariffs. Former Canadian Ambassador Kirsten Hillman, former Mexican Ambassador Gerónimo Gutiérrez, and former US trade counsel Kelly Ann Shaw argue that the agreement now underpins everything from supply chains and agriculture to intellectual property and investment. While disagreements remain over autos, China, and industrial policy, all three say the bigger question is whether North America can strengthen its economic integration while adapting to a rapidly changing geopolitical environment. (Source: Bloomberg)

Economic · Economic

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Why the US Needs its Neighbors for Energy

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Unlike autos or agriculture, North America’s energy trade does not function as a single, integrated three-country system. Instead, it operates through two powerful bilateral relationships: Canadian oil flowing south into US refineries and American natural gas powering Mexico’s economy. Howard Energy Partners CEO Mike Howard says roughly 70% of Mexico’s energy comes from the United States, while former Canada Energy Regulator CEO Gitane De Silva notes that about 60% of US oil imports originate in Canada. As USMCA negotiations approach, energy executives, regulators, and policy experts largely agree on one thing: the current arrangement works remarkably well, and the best outcome may be to leave it largely untouched. (Source: Bloomberg)

Economic · Economic

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For an Africa seeking growth, China is proving a reliable partner

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On June 4, at a packing facility in Limuru near Nairobi, Kenya, avocados were being prepared for the Chinese market. The scene may seem mundane, but the politics behind it is significant. China has removed tariffs on imports from 53 African countries. African exporters are beginning to think about Beijing less as a distant buyer than as a market that could reshape their margins. No... When the UN projected 4 per cent gross domestic product growth for Africa for 2026, the figure landed quietly.

Economic · Economic

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Q1 updates, F&O expiry among 8 factors set to steer D-Street this week

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Indian markets head into a crucial week with investors tracking Q1 business updates, June F&O expiry, auto sales data, FII flows, crude oil prices, monsoon progress, US bond yields and key macroeconomic releases. While benchmark indices have remained resilient, profit booking in broader markets signals caution as traders assess domestic and global cues for the next leg of market direction.

Economic · Economic

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America’s Farmers Need USMCA More Than Ever

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For many American farmers, Canada and Mexico have become indispensable export markets at a time when trade disputes, weak commodity prices, and rising costs are already straining the agricultural economy. Iowa farmer Stu Swanson says many producers are operating on dwindling hope as financial pressures mount. CoBank CEO Tom Halverson argues that trade deals have helped US exports to Canada and Mexico grow roughly 600% since NAFTA’s creation. As negotiations begin, farmers are less focused on expanding the agreement than on preserving certainty and avoiding new disruptions that could further weaken an already fragile farm economy. (Source: Bloomberg)

Economic · Economic

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Why Krugman Thinks We Need Chinese Auto Tariffs

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As the United States, Canada, and Mexico prepare to renegotiate the USMCA trade deal, one industry sits squarely at the center of the debate: automobiles. Companies like Linamar depend on highly integrated supply chains that send components across borders multiple times before a vehicle is completed. Nobel laureate Paul Krugman argues that competition from China demands some trade barriers, while Council on Foreign Relations expert Shannon O’Neil says the region’s manufacturing strength depends on cross-border production. Supporters of the agreement warn that uncertainty poses the biggest risk to investment, jobs, and the future of a trade relationship that supports over a trillion dollars in annual commerce. (Source: Bloomberg)

Economic · Economic

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Can Andy Burnham fix Britain’s essential services and debt problem?

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Nowadays, prime ministers and even presidents cower before the mighty bond markets. These have the ability – in democracies, at least – to have leaders ejected from office via the ballot box, as even US President Donald Trump appears to acknowledge. However, it is not enough to simply offer dismissive gestures towards the bond markets, as some political leaders have discovered to their cost. It is much more important to ask why it is that bond markets have become so powerful. It is refreshing in...

Economic · Economic

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Pakistan PM says free passage at sea 'a global necessity'

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Pakistan PM says free passage at sea 'a global necessity' Pakistani Prime Minister Shehbaz Sharif stressed the importance of freedom of navigation and maritime security, saying global trade and supply chains depend on the safe movement of vessels through international waters. "The evolving regional situation has highlighted more than anything else the importance of maritime security for the global economy and international supply chains," Sharif said at the Pakistan Naval Academy. " "Today, the right of free passage and freedom of navigation are no longer luxuries but have become an absolute necessity for the entire world.

Economic · Economic

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Coffee, chillies and cashews: a new recipe to spice up China-Africa trade relations

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As China’s relationship with African countries deepens, the country’s influence is spreading into more areas. In our series Jevans Nyabiage looks at how Beijing’s blanket import clearance for three African food products will affect ties between them, and the potential effects for other governments around the world. The... Beijing is rewriting its trade playbook by bypassing years of protracted bilateral negotiations to grant continent-wide market access for African coffee, chillies and cashews.

Economic · Economic

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Wall Street Week | USMCA: Can North America’s Trade Deal Survive?

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This week, a special edition of Wall Street Week on the USMCA trade deal. The renegotiations are testing the future of an auto industry built on decades of cross-border integration. And, American farmers increasingly depend on exports to Canada and Mexico as other overseas markets become more difficult to access. Plus, years of infrastructure investment have created an energy market that crosses borders more easily than political narratives suggest. Later, can three countries with different priorities still agree on a common economic vision? (Source: Bloomberg)

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