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…
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.…
After the Klarna IPO, are SpaceX, Stripe, Kraken, and Revolut next?
Some of the biggest finance news stories this week is the upcoming Gemini, Figure, and Klarna IPOs that will see them raise millions of dollars in the United States.These companies…
Asian markets open: Nikkei falls 0.41%, Sensex braces for a weak start
A profound and dramatic divergence is splitting the global financial world on Wednesday, as Asian markets defiantly break ranks with a wounded Wall Street. Instead of following America’s lead, the…
What next for the Scottish Mortgage share price as SMT retreats?
Scottish Mortgage stock price has surged in the past few months as technology companies have rebounded. It rose from a low of 776p in April to a high of 1,106p.…
Morning brief: Kim’s daughter fuels succession talk in Beijing; LME trading delayed
A day of high drama and unexpected developments is unfolding across the Asia-Pacific, as the international debut of Kim Jong Un’s young daughter in Beijing fuels intense succession speculation, a…
SovEcon raises Russian wheat export forecast for 2025-26, but initial shipments low
Leading agricultural consultancy SovEcon has revised upwards its projection for Russian wheat exports during the 2025-26 marketing season. The firm now anticipates Russia to ship a robust 43.7 million metric tons…
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…