Despite retaining India’s credit rating at the lowest investment grade, ratings agency S&P Global warned that the Asian economy will face mounting deficit and debt levels in fiscal 2021 in the aftermath of the coronavirus crisis. In its forecast released earlier this week, S&P said it expects India’s debt-to-GDP ratio […]
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Florida Gov. Ron DeSantis not only allowed bars and restaurants to open at full capacity on Friday, he said he’d override local efforts to keep them closed despite the raging coronavirus pandemic. On the same day Florida surpassed 14,000 coronavirus deaths, DeSantis announced that the state was immediately moving to […]
China’s sovereign debt is set to be added in another benchmark bond index, World Government Bond Index (WGBI), possibly bringing from $100 to $150 billion worth of foreign investment to the world’s second largest bond market. In a landmark decision announced on Thursday, British index provider FTSE Russell said Chinese […]
The launch of the cross-border trade blockchain comes as Ant stokes up enthusiasm for its public offering – set to be the largest on record. Source link
Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. That’s according to Todd Buchholz, who served as the director of economic policy at the White House under […]
With grain production in Russia expected at record highs this year, the country has continued boosting exports and extending the list of its potential buyers. Algeria’s state grains agency said last week it would start accepting wheat imports from all countries, including Russia, in its next tender. Until now, Russia […]
Next year will be brutal for the US currency, according to Yale University senior fellow Stephen Roach. He said that his “seemingly crazed idea” that the dollar will crash shouldn’t seem so crazy anymore. “We’ve got data that’s confirmed both the saving and current account dynamic in a much more […]
Investments in precious metals by Russian banks increased in August, reaching almost $7.4 billion (568 billion rubles), data released by the country’s central bank (CBR) showed. In terms of gold, reserves have amounted to a record 121 tons, which is 10.9 percent higher than the maximum reached in October 2019. […]
Germany’s largest lender, Deutsche Bank, appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged by the US government between 1999 and 2017. According to broadcaster Deutsche Welle (DW), some $1.3 trillion of $2 trillion in leaked transactions that occurred between 1999 and 2017 […]
People have argued online that forcing UK drinking establishments to close by 10pm would be ineffective against the coronavirus. The government is expected to propose new restrictions amid a surge in Covid-19 cases. Pubs, bars and restaurants in England will be forced to close their doors by 10pm starting from […]
US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. The Dow Jones Industrial Average sank around 600 points, or over two percent at the […]
Rep. Andy Kim, D-N.J., is one of 23 freshmen Democrats whom the U.S. Chamber of Commerce is endorsing in this fall’s elections. Erin Scott/AP hide caption toggle caption Erin Scott/AP Rep. Andy Kim, D-N.J., is one of 23 freshmen Democrats whom the U.S. Chamber of Commerce is endorsing in this […]
YouTube The people behind the Guinness World Records used to make money by, well, selling books. But with the rise of the Internet came a decline in book sales, and so they had to create a new business model — selling publicity. This is the story of how Guinness (yeah, […]
Kangana sparked a controversy by calling the Hindi film industry ‘bullywood’ and a ‘gutter’, and is now calling it ‘intoxicating’. Earlier, she alleged that 99% of all superstars had taken drugs at some point in their lives, at high profile parties. While some people are trolling her, others support her […]
As Oracle wins a bid for TikTok U.S., a look at how tech competition, culture competition and currency competition shape the business of geopolitics. Today on the Brief: Crypto exchange volume sees highest month-over-month increase since February 2018 Uniswap overtakes SushiSwap in total value locked What Coinbase vs. Apple means […]
A supposed FBI raid on the home of an infamous Republican dirty trickster appears to have been a ruse—one that began falling apart even as its perpetrators managed to dupe a major national newspaper. On Monday, a Virginia man who responded to a Craigslist ad seeking actors to play FBI […]
The Spanish government has come up with a new way of taxing tech giants by seeking to classify the likes of Facebook, Telegram, and Google’s parent company, Alphabet, as telecom providers. Telecommunications Secretary Roberto Sanchez introduced a new bill on Friday, requiring all companies providing telecommunications services to register as […]
International benchmark Brent and West Texas Intermediate (WTI) extended losses on Friday after a surprise rise in US crude inventories triggered concerns over a supply glut in the global oil market already rattled by Covid-19. Brent futures were down around 0.3 percent, trading at $39.94 a barrel, while US crude […]
New Delhi has started an investigation to determine if the imports of certain flat rolled aluminum products from China were undercutting domestic prices from fiscal year 2017 to December 2019. The decision is based on a complaint by India’s aluminum and copper manufacturing company Hindalco Industries which alleges damage to […]
Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom official said. Russia’s supply of natural gas to China via the Power of Siberia rose to 12 million cubic meters […]
The recent stock rout has wiped out over $1 trillion from the value of America’s biggest tech corporations, including the world’s most valuable company Apple and online giant Amazon – but it failed to erase all their 2020 gains. US benchmark indices finished lower for the third session in a […]
Chinese exports rose for the third consecutive month in August, up by a solid 9.5 percent from a year earlier, customs data showed on Monday. That’s the strongest gain since March 2019. The figure is also better than analysts’ expectations of 7.1 percent growth. It eclipsed an extended fall in imports, […]
The COVID pandemic has sparked a surge in gold buying, and some analysts suggest that it still has plenty of upside potential. The current year is proving to be an annus mirabilis for gold investors, with the yellow metal running riot. Gold prices are currently trading at $1,933 per ounce, […]
The dollar is on the brink of losing its status as the world’s main reserve currency, prominent US investor Jim Rogers told RT, following reports of China’s plans to drop a huge chunk of its American debt holdings. With a national debt of over $26.5 trillion, “the US is now […]