Economic · Economic
Fed holds US interest rates steady as uncertainty over Trump's Iran deal remains
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
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Economic · Economic
The Federal Reserve held rates between 3.5% and 3.75% after Kevin Warsh's first meeting in charge of the central bank.
Economic · Economic
The leaders have asked for apologies from the countries that benefited from the slave trade, as well as debt relief and financial compensation.
Economic · Economic
China-Asean relations are usually described in two ways. One emphasises danger: the South China Sea, US-China rivalry, military pressure and risk of Southeast Asia being pulled into China’s orbit. The other emphasises opportunity: trade, infrastructure, investment, supply chains and shared growth. Both are true. Neither is enough. I recently joined a study tour by the University of Hong Kong’s Centre on Contemporary China and the World to Chengdu, Kuala Lumpur and Jakarta. During the trip, I was...
Economic
Asian stocks rebounded, led by South Korea's Kospi, as Middle East tensions eased and artificial intelligence shares recovered. Wall Street also saw gains, with chipmakers like Nvidia climbing. Investors returned to risk assets, signaling confidence in the ongoing bull market despite recent volatility and inflation concerns.
Economic
An exchange-traded product that profits when oil prices fall had its biggest weekly outflow on record as several buffers that had helped keep rallies in check begin to fade.
Economic
JPMorgan Chase & Co. is in talks with investors to refinance a nearly $1 billion loan at a 15% interest rate for Sable Offshore Corp. , a Trump administration-supported oil driller, according to people familiar with the matter.
Economic
Over five months, 3.249 mln empty and laden TEUs were carried in all kinds of service, including domestic Russian, export, import and transit
Economic
Mercuria Energy Group enjoyed an 88% jump in first-half profit, putting it on track for one of its best-ever annual results as the Hormuz crisis creates huge opportunities for commodity traders.
Economic
Betting on continued US dollar strength is the cleanest way for foreign-exchange traders to take a position on a new regime of higher rates and inflation, according to BMO Capital Markets.
Economic
Russia plans to reduce crude oil exports as it seeks to increase refining volumes in June amid concerns over fuel shortages.
Economic
The next big risk confronting investors is tightening financial conditions as the Federal Reserve may need to raise interest rates “soon” to curb mounting inflation pressures, according to Citadel Securities.
Economic
US stocks bounced back on Monday from the worst rout this year, as a selloff in technology stocks eased and traders assessed flaring tensions in the Middle East, which supported oil prices and energy shares.
Economic
Israel’s shekel has swung from the world’s best performer to the worst in a matter of days, easing pressure on the central bank to stem a 14-month rally that’s hurting the country’s exporters.
Economic
Rajesh Exports shares hit lower circuits for a third straight session after Sebi alleged massive revenue inflation and financial irregularities. The regulator barred promoter Rajesh Mehta from trading and flagged auditor lapses. The company denied wrongdoing, attributing discrepancies to accounting interpretation issues at subsidiary Valcambi SA.
Economic
The RBI maintained its repo rate at 5.25% and a neutral stance, raising inflation forecasts due to West Asian conflict-driven oil price hikes. Fund managers suggest corporate bonds for accrual income and a tactical bet on long-tenure gilt funds, anticipating improved FPI inflows after tax benefits.
Economic
The European Central Bank’s resolve to uphold its inflation-quashing reputation risks luring it into a damaging error when it meets this week, economists warn.
Economic
Changes risk causing ‘significant’ shortage in key products, argues trade body
Economic
Treasuries fell as investors ramped up bets that the Federal Reserve will need to raise interest rates, while escalating tensions in the Middle East added to inflation concerns.
Economic
Asian markets experienced a sharp downturn as the AI rally cooled, with South Korea's KOSPI halting trading after a significant drop. Investors are now weighing the impact of potential Federal Reserve rate hikes and upcoming inflation data. Meanwhile, escalating Middle East tensions pushed oil prices higher, while the dollar strengthened against the yen.
Economic
Bond traders are wagering that inflation figures this week will show the strongest price pressures in several years, adding to pressure on the Federal Reserve to raise interest rates.
Economic
The Bank of Israel intervened in the foreign exchange market in May, purchasing $801 million as the shekel reached the strongest level in over three decades.
Economic
European stock traders will need to add a further variable to their investment strategies this week: how rising interest rates will affect each corner of the market.
Economic
Indonesia has always been a favourite travel destination for Malaysians and visitor numbers are expected to increase with the neighbouring country’s currency hitting a record low. Melaka Tourism Association president Madelina Quah said the low rupiah presents an advantage for Malaysians travelling and shopping in Indonesia. “This will translate to cheaper holidays, shopping for weddings and buying of raw materials for imports against exports’ competitiveness,” she said. “Younger Malaysians...
Economic
Indian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in West Asia and elevated crude oil prices. While RBI’s policy measures and steps to attract foreign capital could support sentiment, investors will closely track monsoon progress, inflation concerns, global market trends and institutional flows for further market direction.
The Russian president noted that phytosanitary standards in the EAEU countries are much stricter than in the EU
Interest-rate strategists at Deutsche Bank AG boosted their forecast for the 10-year Treasury yield into the end of the year on the expectation that Federal Reserve officials now led by Chairman Kevin Warsh are finished cutting interest rates.
One of the world’s largest aluminum producers, Rio Tinto Group, says its shipments of the lightweight metal to the US have bounced back to levels from before President Donald Trump’s tariff offensive.
Inflationary pressures are beginning to wane. Explore the latest data through interactive charts
Maxim Reshetnikov said the current import duties are with nearly 20% protection level
Federal Reserve Vice Chair for Supervision Michelle Bowman said, “I would like to have more clarity on the economic impacts from the conflict in the Middle East and the durability of those effects,” and thinks it’s too soon to judge the inflationary impact from the Iran war. Bowman said Friday at a central banking conference in Iceland that that policymakers need to look through temporary price shocks. (Source: Bloomberg)
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