Rupee defies regional weakness to rise against dollar
The Indian rupee edged higher on Wednesday, bucking the cautious mood in Asian markets, with traders pointing to fading bearish sentiment in the options space. The local unit was quoted…
Economy
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Turkey inflation eases to 33% in August as markets face political turmoil
Turkey’s inflation slowed slightly in August, but the figure came in higher than analysts expected, underscoring the challenge facing policymakers as they continue to balance monetary easing with political pressures.…
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…
‘Never felt better’: Trump pushes back health rumors after public absence
In a direct and forceful rebuttal, US President Donald Trump has moved to shut down a torrent of speculation about his health that reached a fever pitch online, declaring on…
Is the US market strong only because of share buybacks?
The share buyback machine in the United States has never been stronger. By late August, companies had already announced more than one trillion dollars in repurchases, the fastest pace on…
Alibaba rallies on strong earnings and cloud momentum as analysts raise price targets
Alibaba Group shares surged in Hong Kong trading on Monday, boosted by optimism over its cloud business and improving e-commerce operations. The stock jumped as much as 19% to HK$137.50…