News That Matters
India has attracted nearly $73 billion in foreign-currency inflows in less than 11 weeks, marking one of the fastest foreign-exchange mobilisation drives in the country’s recent history. The sharp increase has been supported mainly by Foreign Currency Non-Resident Bank, or FCNR(B), deposits, along with overseas foreign-currency borrowings and external commercial borrowings. The latest figures show…
Gold prices have climbed to a three-month high as investors around the world turn toward safe-haven assets amid rising economic and geopolitical uncertainty. The latest move has pushed spot gold close to $4,700 per ounce, marking one of the strongest periods for the metal in recent months. Gold prices surge as investors respond to concerns…
Canada Prepares Heavy Retaliatory Tariffs Against the United States Canada retaliatory tariffs are moving closer to reality as Ottawa prepares a new response to the latest U.S. trade measures. The dispute between the two neighbors has entered a more serious phase after Washington imposed new 50% tariffs on about $20 billion worth of Canadian goods….
The United States has launched a major new sanctions campaign against Iran, with Treasury Secretary Scott Bessent announcing what the Trump administration calls Operation Economic Outcast. The campaign is designed to increase economic pressure on Tehran and make it harder for Iran to earn revenue, move money and maintain business relationships with companies around the…
Oil prices: Oil markets started the week with a pullback as investors took profits after a strong recent rally and waited for details of new U.S. sanctions against Iran. Brent crude moved close to the $92-per-barrel level, while West Texas Intermediate also declined. The move came even as traders remained concerned about possible disruptions to…
The US dollar is facing fresh pressure as investors remain uneasy about the U.S. bond market, government debt, and the outlook for long-term interest rates. On Monday, August 24, the currency stayed close to multi-month lows as traders weighed the U.S. Treasury’s decision to increase purchases of longer-dated government bonds. The move was designed to…
Shein Hong Kong IPO Moves Toward September 1 Debut The Shein Hong Kong IPO is entering its final stage, with the fast-fashion retailer preparing to begin trading on the Hong Kong Stock Exchange on September 1. The company is seeking to raise up to about HK$13.86 billion, or roughly US$1.77 billion, through the offering. At…
Global Markets Watch Kevin Warsh Ahead of Jackson Hole Global Markets: Global Markets are entering a closely watched week as Federal Reserve Chair Kevin Warsh prepares to deliver his first keynote speech at the annual Jackson Hole Economic Policy Symposium. Warsh is scheduled to speak on Friday, August 28, at the Kansas City Federal Reserve’s…
US-Canada Trade War Escalates After Trade Talks Collapse The US-Canada Trade War entered a more serious phase this week after last-minute negotiations between Washington and Ottawa failed to produce a new agreement. The breakdown has raised concerns about the future of one of the world’s most important trading relationships and has already put pressure on…
Economic D-Day: What Scott Bessent Is Preparing for Iran Economic D-Day: The United States is preparing for a major new phase of economic pressure on Iran, with Treasury Secretary Scott Bessent expected to announce additional sanctions on Monday. The administration has described the campaign as an “Economic D-Day”, signaling that Washington wants to put stronger…
