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The runup in interest rates has profound consequences for the global economy, heaping pressure on everyone from home buyers to credit-card holders and especially governments.
We haven't written up this one. WSJ Markets has the full story — the link below goes straight to it.
India's construction equipment sector aims to reduce import reliance. A new government scheme will boost domestic manufacturing of critical components. This initiative seeks to strengthen local supply chains and cut import dependency. The industry anticipates significant growth by fiscal year 2029-30.
Bessent's comments came amid renewed tensions between the United States and Iran, with the two sides exchanging strikes on Monday.
Uruguay's central bank has gone five years without intervening in the currency market; the last operation was a US$31.2 million purchase, while DBRS keeps the BBB rating with a fiscal warning.
Key PointsOneok is buying Brazos Midstream's Permian Midland gathering and processing assets in a deal valued at more than $4.4 billion.
AUD/USD trades with a modest downside bias on Tuesday as softer-than-expected United States (US) economic data fail to generate sustained selling pressure on the US Dollar (USD).
European Union member states are considering accelerating payments from the bloc’s €90 billion ($104 billion) loan to Ukraine as Kyiv faces a funding crunch, the bloc’s rotating presidency said.
