Economy – Golden Financier

Economy

Why are cocoa prices falling sharply as market approaches year’s low

On Friday, the price of cocoa on the Intercontinental Exchange (ICE) in New York experienced a significant drop, falling below the $7,500 per ton threshold. This decline brings the commodity’s price…

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Economy

An inflation ambush: Australia’s 2.8% price spike shatters rate-cut hopes

A brutal inflation surprise has sent a jolt through the Australian economy, as consumer prices jumped far more than expected in July, dealing a significant blow to hopes for another…

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Economy

How Trump’s crushing 50% tariff is upending a decades-long alliance with India

In a stunning and punitive move, President Donald Trump has brought down a crushing 50 percent tariff on Indian goods, a direct punishment for the country’s continued purchase of Russian…

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Economy

UK energy bills to rise 2% in October as debts hit record £4 billion

UK households are bracing for higher energy costs from October, as the national price cap is set to rise by 2%. Ofgem, the energy regulator, confirmed that the cap will…

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Economy

Zinc prices rally on US rate cut hopes, despite supply oversupply

Zinc prices surged above the $2,800 per ton threshold on Friday, buoyed by hopes of an early US interest rate cut following the Federal Reserve Chairman Powell’s speech. However, the sustainability…

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Economy

Trump threatens China with ‘200%’ tariff on critical magnet supply

In a dramatic escalation that threatens to shatter a fragile trade truce, US President Donald Trump has issued a stark ultimatum to Beijing, warning of crippling new tariffs if China…

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Economy

‘I will not resign’: Fed Gov Lisa Cook defies Trump in an extraordinary power struggle

In an unprecedented and explosive assault on the independence of the US central bank, President Donald Trump has declared he is immediately removing Federal Reserve official Lisa Cook from her…

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Economy

Papa John’s to re-enter India in October with 650-store expansion plan

Papa John’s International is set to make a comeback in India this October, nearly eight years after it shut down operations in the country following years of underperformance. The US…

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Economy

Europe markets open: Stocks fall as Trump’s Fed firing sparks global turmoil

A political shockwave emanating from Washington is set to send European markets tumbling at the open on Tuesday, as investors grapple with an unprecedented assault on the independence of the…

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Economy

The coming Fed pivot: what it means for markets now

The Federal Reserve is edging closer to another rate cutting cycle. The last time the benchmark interest rate was reduced was in December 2024.After two years of fighting inflation with…

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