Latest posts
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Iran’s Oil Lifeline Faces ‘Biggest Test Yet’ as China Steps Back
Iranian oil shipments to China, a resilient trade that’s survived years of US sanctions to provide a crucial economic lifeline to Tehran, is coming under huge strain from waning demand and an American blockade.
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ECB Hike ‘Just Enough For Now,’ Says Slovenian Central Bank Governor
The European Central Bank has hiked interest rates for the first time since September 2023 — becoming the first major central bank to react to the war in Iran. ECB Governing Council Member and Slovenia Central Bank Governor Primož Dolenc…
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Czech Central Bank Chief Says June Hike a ‘Real Possibility’
Czech central bank Governor Ales Michl said he sees a stronger argument to raise interest rates in June to contain inflationary pressures.
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Britain’s Inflation Fears Can Be Found in Its Pubs and Cafes
Britons’ enduring appetite for dining out, movies and other indulgences is giving services companies the power to keep raising prices, creating a headache for inflation-fighters at the Bank of England.
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India May Miss Budget Deficit Target for First Time Since Covid
India is preparing for a wider-than-expected budget deficit this year, according to an official familiar with the matter, putting it on course to miss its target for the first time since the pandemic as the war in Iran drives up…
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Indonesia Says Export Agency Will Focus on Price, Not Trading
Indonesia’s commodity export agency will focus on monitoring the price of key raw-material exports instead of intervening in trade, according to a senior official, in an apparent effort to ease industry concerns over a radical natural-resource policy introduced last month.
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Corporate Profits Hit Record High Versus India’s Economy Even as Stocks Struggle
Companies are upbeat about demand and capital spending, ICICI Securities says.
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Copper Rallies From Three-Week Low as Trump Flags Iran Deal
Copper rebounded from its lowest close since mid-May after President Donald Trump claimed the US was on the cusp of ending the war with Iran that’s threatening the global economy.
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Trump Insists Iran Deal Is Close After Scrapping Strikes
President Donald Trump pulled back threatened military strikes against Iran, a reversal that came after he vowed to hit the Islamic Republic “VERY HARD” and threatened to seize its oil infrastructure. Bloomberg’s Jill Disis has the latest. (Source: Bloomberg)
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Jakarta Deploys Thousands of Police as Students Protest Prabowo
Indonesian authorities will deploy thousands of police and soldiers ahead of a planned protest by students, who are angry at the rising cost of living and want President Prabowo Subianto to rein in big-ticket spending and revive the economy.
