India’s central bank recently announced that the country’s natural rate of interest has been on the rise since the onset of the pandemic. This increase is expected to continue in the future, driven by the growth of potential output. The natural rate of interest is a crucial indicator associated with an economy operating at full
Economy
The recent request made by Senators Roger Wicker and Jim Risch to President Joe Biden regarding the Philippines’ standoffs with Beijing in the South China Sea highlights the escalating tensions in the region. Central to these tensions is the disputed Second Thomas Shoal, which has been a focal point of conflict between the Philippines and
Citizens Financial (NYSE:CFG) reported better-than-expected second-quarter profits, driven by a strong performance in capital markets that partially offset the impact of weaker lending activities. The U.S. economy’s resilience has led to an increase in corporate bond sales, resulting in higher fees for investment banks involved in underwriting these deals. Capital markets fees surged by 63%,
Argentina’s dollar-denominated bonds have been experiencing a sharp decline in value this week, as all restructured issues are down over 1 cent in price. The 2035 maturity bond has seen the most significant drop, with a decline of 1.7 cents, while the 2041 bond has dropped 1.5 cents to trade at 37.29 cents, the lowest
The dollar has been hovering around five-week lows due to Federal Reserve Chair Jerome Powell’s recent comments indicating a potential rate cut in September. Powell’s remarks regarding U.S. inflation readings and the need for sustainable price increases have shifted market expectations towards a rate cut. The dollar index, measuring the U.S. unit against its peers,
Pakistan’s benchmark share index experienced a significant increase of 1.44% on Monday, reaching a new record high following the announcement of a staff level agreement (SLA) between the International Monetary Fund (IMF) and Pakistan. This agreement entails a $7 billion, 37-month loan program that aims to provide much-needed financial stability to the country. The negotiations
China, the world’s second-largest economy, experienced a slowdown in the second quarter of the year. Official data revealed that the economy only grew by 4.7% in April-June, marking its slowest growth since the first quarter of 2023. This figure fell short of analysts’ expectations of a 5.1% growth, as projected in a Reuters poll. The
The attempted assassination of former President Donald Trump on Saturday has sent shockwaves across the world, with Asian markets being the first to feel the impact. Analysts are closely watching to see if this event will strengthen Trump’s election hopes, leading to potential ‘Trump-victory trades’ such as a stronger dollar and a steeper U.S. Treasury
The strategic region of the Pacific Islands Forum is facing a financial crisis as Western banks continue to exit the unprofitable market. This exodus is prompting concern that China could potentially fill the void, leading to a situation that has been described as “Armageddon” by an Australian official. The small island nations in this region,
The recent assassination attempt on former President Donald Trump during a campaign rally in Pennsylvania has garnered widespread reactions from various analysts and investors. The incident, which left Trump with a wound on his upper right ear, has raised concerns about the potential implications on the upcoming election and the overall political landscape in the
The shooting incident at former President Donald Trump’s election rally in Pennsylvania has sent shockwaves through the political and financial world. Market analysts and investors are predicting that this event could potentially increase Trump’s chances of winning back the White House. The betting odds on his victory are expected to rise in the coming week
In a surprising turn of events, Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race. Musk described Trump as “tough” and expressed his hope for the president’s rapid recovery. This endorsement marks a significant shift in Musk’s political stance, as he has previously donated