Dow futures slipped about 300 points on Tuesday as investors pulled back ahead of key US economic reports this week, including the August jobs numbers. Rising long-term Treasury yields and a recent court ruling on Trump-era tariffs added to the nervousness. August had been a good month for stocks, but…
Brazil’s economy is likely to exhibit strong indications of weakening when the second-quarter Gross Domestic Product (GDP) data is revealed on Tuesday. According to local media outlet InfoMoney, economists and financial institutions expect a major slowdown from earlier this year, as high domestic interest rates and global uncertainty about Donald…
Donald Trump is back weighing in on US-India trade as on Monday, the US President claimed India had offered to drop tariffs on American goods all the way to zero, but added that “it’s getting late now” for that to fix what he sees as a one-sided trade relationship. Trump’s…
Global markets opened the week to a mix of political and financial headlines with Trump reigniting tariff tensions with India, US stock futures holding steady during the holiday, Alibaba rallying on cloud and AI optimism, and the Trump-linked WLFI token making a $30 billion debut in crypto trading.A glance at…
Greece’s recovery story has become a headline cliché in the past year.Government officials speak of a new era while analysts point to fiscal surpluses and rating upgrades. Tourism numbers keep breaking records.But not everybody is convinced.A closer look at the data shows that living standards are stagnant, wages have flatlined,…
Gazprom, Russia’s state-owned gas company, has agreed to a slight increase in gas supplies to China through an existing pipeline. Additionally, a memorandum was signed for the construction of the large-scale Power of Siberia 2 pipeline, according to state news agencies. However, the prices for these supplies to China are lower than…
India’s banking sector is facing increasing strain from mounting exposure to state government bonds. Some of the country’s biggest lenders have informed the Reserve Bank of India (RBI) that their investment portfolios are nearing internal limits for state debt, raising questions about future funding access for state governments. The development…
Tuesday saw both the Japanese yen and sterling fall, reflecting increased investor concern regarding government finances. This enabled the dollar to recover some ground after five days of decline, Reuters said in a report.Mounting concerns in the global financial landscape led to renewed pressure on bond markets, particularly evident in…
Euro-area inflation edged higher in August, reinforcing expectations that the European Central Bank (ECB) will keep interest rates unchanged at its meeting next week.Data released Tuesday showed consumer prices rose 2.1% year-on-year, up slightly from 2% in July, according to Eurostat. As per a Reuters poll, economists expected the rate…
Great Britain’s pub industry is facing a severe crisis, with an estimated 378 pubs projected to close in 2025 across England, Wales, and Scotland, leading to over 5,600 direct job losses, according to the British Beer and Pub Association (BBPA).Great Britain is projected to see a pub closure every day…