India’s weather office on Friday downgraded its forecast for the 2026 southwest monsoon, predicting rainfall at just 90% of the long-period average (LPA), marking the first below-average season in three …
Business
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Wall Street and currency markets remained cautious on Thursday after revised government data showed the US economy expanded more slowly than previously estimated during the first quarter of 2026. The …
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Wall Street reversed a weak start and turned positive on Thursday after reports emerged that the United States and Iran had reached a preliminary agreement aimed at extending the current …
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Business
ASX 200 index on edge as Australian bond yields fall after inflation cools
by adminby adminThe ASX 200 Index remained in a tight range while Australian bond yields fell after the latest consumer inflation report. It was trading at A$8,660, a few points below this …
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The interest rate on the most popular US home loan climbed to a nine-month high last week as elevated oil prices linked to the Iran war fueled inflation concerns and …
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India’s rupee is under mounting pressure as oil prices stay elevated, with ING Economics ’ Deepali Bhargava warning that weak capital inflows, rather than the current account deficit, are driving …
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Business
US consumer confidence slips as Iran war-driven price pressures weigh on households
by adminby adminUS consumer confidence edged lower in May as rising gasoline prices and growing concerns over the economic fallout from the conflict involving Iran continued to pressure household sentiment. Data released …
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The NZD/USD exchange rate pulled back today, May 25, as forex traders for the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision, which happens on Wednesday this week. …
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President Donald Trump’s deal with Iran to reopen the Strait of Hormuz is drawing some notable critics who believe it is weak and will leave Iran better off and be …
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Business
Iran’s control of Strait of Hormuz raises legal issues; reopening unlikely
by adminby adminIran’s tightening grip on the Strait of Hormuz has left global energy markets and shipping in turmoil, with The Financial Times reporting that a full reopening of the waterway in …