Business news

Argentina set to win IMF waiver despite missing reserve target in $20 billion deal

Argentina, the IMF’s biggest borrower and perpetual headache, is again calling on the good offices of the Washington lender. Now, it has come to a head over failing to meet a primary criterion of its latest $20 billion deal: the replenishing of...

NATO leaders agrees on increasing defence spending to 5%

Leaders of the North Atlantic Treaty Organization (NATO) have unanimously agreed to significantly increase defense spending to 5% of their Gross Domestic Product (GDP) at the summit in Hague. This historic move, coming amidst an increasingly belliger...

Why economy and stock market feel strong, weak, and broken all at once

If you’re confused about what’s going on with the economy right now, you’re not alone. On one hand, unemployment is low, stocks are near all-time high, and inflation is cooling.  On the other, consumer confidence is falling, the Fed is stu...

Global wheat prices face downward pressures as recovery stalled

It seems the recovery in wheat prices in the US is already exhausted. Wheat prices on the Chicago Board of Trade (CBOT) soared to a four-month high of nearly 600 US cents per bushel last week before paring some of those gains at this week’s ope...

Why Zohran Mamdani’s victory over Cuomo is a turning point for Democrats

Zohran Mamdani’s stunning political upset in the New York City’s Democratic primary for mayor not only renders a significant blow to Andrew Cuomo- a once-dominant figure in New York politics, it is also likely to reshape the Democratic landscap...

Oil prices may fall further if Iran-Israel ceasefire holds as risk premiums vanish

Oil prices are expected to fall further if the ceasefire between Iran and Israel holds, according to experts.  Things took a dramatic turn on Tuesday after US President Donald Trump announced a ceasefire and expressed his desire to maintain the...

Zohran Mamdani’s rise as New York mayor: what’s behind his ideas and policies?

New York just witnessed one of the most unexpected political upsets in recent memory. Zohran Mamdani, a 33-year-old democratic socialist and state assemblyman, defeated former Governor Andrew Cuomo in the Democratic primary for mayor. With his win, M...

Best crypto presales to buy as Norway firm plans to raise $1.2B to buy BTC

Bitcoin extended its recovery on Wednesday, climbing to $106,000 after briefly dipping below the $100,000 mark earlier on Sunday. The rebound comes amid easing geopolitical tensions in the Middle East, rising expectations of Federal Reserve rate cuts...

Powell’s non-committal stance on rates points to year-end cut, says ING

ING Group expects the US Federal Reserve to cut interest rates only in December as the central bank may wait for further economic cues. On Tuesday, US Federal Reserve Chair Jerome Powell stated that the Fed would observe economic developments before...

MCX shares hit record high as UBS sees more upside

Shares of Multi Commodity Exchange of India Ltd. (MCX) soared more than 6% on Wednesday to touch a record high of ₹8,731 per share after global brokerage UBS reiterated its bullish stance and raised its price target to ₹10,000 — the most optimistic a...

UK climate targets at risk as high electricity prices stall progress, warn advisers

To achieve its ambitious climate targets, Britain needs to significantly lower its electricity prices, according to a recent progress report from the nation’s climate advisers.  This strategic move is deemed crucial for accelerating the wi...

Russian wheat export prices poised for further decline amid new harvest influx

In June, Russian exporters initiated the bidding process for their new wheat crop, setting a price of 14,500 rubles per ton, SovEcon, a prominent analytical agency focusing on agricultural markets in the Black Sea region said. This figure, when conve...

Carnival shares surge on strong earnings and ceasefire boost; analysts upbeat

Carnival Corporation shares rose sharply by more than 7% on Tuesday after the cruise operator delivered better-than-expected second-quarter earnings and raised its full-year forecast, offering a fresh wave of optimism for the travel and leisure secto...

UK factories report steeper decline in orders for June 2025

UK factories face a steeper decline in orders for June 2025, per CBI data. Explore the economic impact, causes, and implications for growth in this analysis.

Trump rollback of consumer protection policies costs Americans $18 billion in fees

The US Consumer Financial Protection Bureau (CFPB) has seen a sharp reversal of enforcement activity and regulatory action under President Donald Trump’s administration, with an estimated financial cost of at least $18 billion to consumers. That’s ac...

Mexico mid-June inflation within forecasts, keeps Central Bank on easing path

Headline inflation in Mexico rose slightly in the first half of June, coming in close to what analysts expected and strengthening market views that the central bank will stay on track to gradually reduce interest rates. Consumer prices rose 0.10% dur...

Fed Chair Powell signals caution on rate cuts amid tariff uncertainty

Federal Reserve Chair Jerome Powell told legislators on Tuesday that the central bank will need more time to examine whether recent tariff increases are boosting inflation, which is a critical issue before any interest rate cuts. His remarks, present...

Canada inflation unchanged at 1.7% as core prices ease

Canada’s consumer price index (CPI) remained unchanged in May, offering some reassurance to Bank of Canada (BoC) policymakers concerned about persistent core inflation in recent months. Data from Statistics Canada released on Tuesday showed that the...

Short Gold: sellers dominate after channel breakdown, price targets $3,200 zone with bearish bias intact

Brazil’s Central Bank signals pause in rate hikes amid persistent inflation concerns

Brazil’s central bank has closed its cycle of monetary tightening, according to the local Monetary Policy Committee (Copom) decision, signalling a potential pause in the central bank’s interest rate hike cycle. According to InfoMoney, the...