Evening digest: Trump’s fresh jabs against India, Alibaba’s cloud lift, WLFI’s $30B splash
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…
Why Greece’s economy is not a success story
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…
Russia’s Gazprom boosts gas supplies to China, plans new pipeline
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…
Indian banks warn of bond limits; state borrowing raises concerns
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…
Global economic jitters drive Yen and Sterling down as Dollar recovers
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…
FTSE 100 Index forecast as the UK Gilt market implodes
The FTSE 100 Index continued its downtrend in the past few days, moving from the year-to-date high of £9,358 to a low of £9,160. This crash may continue as the…
Oil prices edge higher as OPEC+ meeting and US sanctions loom
Global oil markets are operating within a narrow band, with traders closely watching two key developments: the upcoming OPEC+ meeting on production levels and Washington’s next steps in targeting Russian…
Russia’s Gazprom boosts gas supplies to China, plans new pipeline
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…
Nestle CEO ouster: shares fall; doubts over Navratil’s strategy to weigh on sentiment
Nestle’s shares dropped nearly 3% as the markets opened on Tuesday after the Swiss food and beverage giant dismissed its chief executive, Laurent Freixe, following an internal probe into an…
Here’s why Nio stock price may surge after earnings
The Nio stock price rebounded in Hong Kong and in the premarket after the company published strong delivery numbers. It jumped to a high of $6.50, up by 120% from…