All events

Economic

Economic · Economic

China has detained two Japanese nationals over alleged attempts to take rare earth-related products out of the country. Japanese Chief Cabinet Secretary Minoru Kihara said on Wednesday that one of the two was detained by Chinese authorities on May 18 and the other a week later, accused of violating Chinese laws governing the import and export of restricted goods. Tokyo confirmed the detentions, without giving further details, citing privacy. One of the detainees is an employee of a Japanese...

Economic · Economic

As European leaders convened at the European Council meeting in Brussels this month, the spectre of a full-blown trade war with China cast a long shadow over the proceedings. Amid ongoing anti-subsidy probes into Chinese green technology and the looming threat of retaliatory tariffs, the economic bedrock of the China-EU relationship appears increasingly fragile. Yet, beneath the hawkish political rhetoric, recent high-level meetings between European officials and their Chinese counterparts...

Economic · Economic

A wave of power outages across Indonesia’s Java island has left millions of residents and business owners in the dark, igniting public fury and raising questions as to how the world’s largest coal exporter is failing to keep its own lights on. The answer, analysts say, lies less in a coal shortage than in the rules and incentives governing who gets to buy it, at what price and when. Hours-long blackouts since last week have disrupted the lives and businesses of millions of subscribers of...

Economic · Economic

Hedge funds’ growing exposure to Treasuries is primarily due to the revival of the cash-futures basis trade, according to the Federal Reserve.

Economic · Economic

Philippine bonds are staging emerging Asia’s biggest rebound following an interim US-Iran deal, but market watchers warn that inflation risks and a hawkish central bank may cap the bounce.

Economic · Economic

The main exporter of vodka to Russia is Belarus

Economic · Economic

Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year.

Economic · Economic

Tech stocks pulled down the Nasdaq and S&P 500 due to valuation worries and concerns over AI spending, falling crude prices bolstered airlines and travel sectors. The Dow Jones Industrial Average, however, finished higher. Homebuilders also experienced a significant surge. Investors are now keenly awaiting inflation data for clues on the Federal Reserve's next move.

Economic · Economic

Despite easing West Asian tensions, the RBI remains cautious, with Governor Sanjay Malhotra emphasizing data dependency over pre-set interest rate paths. While the truce offers relief on inflation and growth, uncertainties surrounding crude oil prices and the monsoon necessitate continued vigilance. The central bank is closely monitoring potential inflation spillover effects and external challenges, maintaining a wait-and-watch approach for future policy moves.

Economic · Economic

Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage expects improving global demand, trade agreements and supply-chain shifts to support India’s textile sector recovery and long-term export growth.

Economic · Economic

Chinese carmakers continued their rapid expansion in Europe last month according to industry data released on Tuesday, as Brussels reportedly weighs fresh tariffs aimed at slowing their advance. Geely Group was the highest-placed Chinese carmaker, ranking eighth among all manufacturer groups in May, according to the latest sales data released by the European Automobile Manufacturers Association (ACEA), covering the European Union, the United Kingdom and the four European Free Trade Association...

Economic · Economic

Traders back away from bets on further interest rate rises as economy slows

Economic · Economic

Stocks extended their gains, with tech rebounding from Tuesday’s sharp global selloff, as traders bet that a combination of dropping oil prices and weak housing-market data will ease the pressure on the Federal Reserve to hike interest rates.

Economic · Economic

Fuel prices in Russia jumped again, bolstering the case for central bank policy caution after Governor Elvira Nabiullina warned that lower output in the wake of Ukrainian strikes on refineries had become a new inflation risk.

Economic · Economic

The top priority for the European Central Bank is keeping inflation in check, a task that’s becoming a little easier as oil prices retreat, according to Governing Council member Ante Zigman.

Economic · Economic

Dmitry Peskov emphasized that the two countries were working to expand trade and economic relations

Economic · Economic

Darrell Cronk, Wells Fargo Wealth and Investment Management CIO, says zero interest rate hikes by the Federal Reserve are baked into their forecast that says the S&P 500 will reach 7,900 by the end of this year. He says markets are not in a selloff, he says this is a "rotation within equities. " He speaks on "Bloomberg Surveillance. " (Source: Bloomberg)

Economic · Economic

Options traders are building up bets that the broader market overreacted to the Federal Reserve’s hawkish pivot when it priced in a series of interest-rate hikes in the US starting later this year.

Economic · Economic

A group of British commodity day traders have offered to donate £1 million ($1.3 million) to charity to close a UK competition probe that looked at whether the sharing of potentially sensitive information distorted markets.

Economic · Economic

Indian stock markets are defying foreign investor caution, driven by resilient June-quarter earnings. Companies are navigating geopolitical and inflation challenges better than expected, with a focus shifting to corporate performance. Experts see potential for large-cap stocks to catch up as nominal GDP growth improves, while sectors like IT require stronger growth triggers. Auto ancillaries and pharma remain preferred investment avenues, though defence valuations demand caution amid a positive long-term outlook.

Economic · Economic

Australia’s central bank is betting the interaction between prices and jobs along the Phillips Curve mean its rapid-fire interest rate hikes will damp inflation without pushing unemployment too high, according to Deputy Governor Andrew Hauser.

Economic · Economic

India's textile sector is poised for significant growth, driven by a global shift in sourcing away from China and a cyclical recovery in demand. Experts highlight that geopolitical risks and rising costs are pushing brands to diversify, creating a multi-year opportunity for India. Proposed free trade agreements with the UK and EU are expected to further boost competitiveness, making Indian exporters more attractive.

Economic · Economic

Beijing’s No. 2 official played down worries about the disruption wrought by his country’s surging exports on the global economy, championing the benefits provided to the world by China’s development.

Economic · Economic

India’s central bank Governor Sanjay Malhotra said it’s still “premature” to talk about an interest rate hike given ongoing geopolitical uncertainties, noting future decisions will be guided by incoming data.

Economic · Economic

Chinese zinc producers are eagerly waiting for exports to become more profitable to help clear a glut of the metal at home.

Economic · Economic

The U. S. dollar surged to a 13-month high, driven by a tech stock sell-off and anticipation of Federal Reserve rate hikes. Investors are flocking to the dollar as a safe haven amid global market jitters. Markets are now pricing in a higher probability of interest rate increases in July and September, further bolstering the greenback's strength against major currencies like the euro and yen.

Economic · Economic

Indian markets mirrored global trends as major indices, including the Nasdaq and S&P 500, closed at over a week's low on Tuesday. S. Semiconductor stocks experienced significant declines, fueled by investor concerns over debt-fueled AI spending and anticipation of a more hawkish stance from the U. Federal Reserve. Traders are now pricing in a higher likelihood of a second interest rate hike by December.

Economic · Economic

The euro fell to its lowest level since August after weak economic data and dovish comments from European Central Bank President Christine Lagarde prompted traders to pare back their bets on interest-rate hikes.

Economic · Economic

In Tunisia, inflation topped 5 percent last month, driven by a significant rise in food prices. One cause is supply chain issues and middlemen hiking prices. The crisis is exacerbated by continuing high unemployment rates, especially in marginalized regions far from the capital and the coast. Protests these days often feature slogans about the high cost of living. FRANCE 24's Lilia Blaise and Hamdi Tlili report.