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U.S. believes Canada-India row over Sikh activist's killing could upend strategy for countering China
The Biden administration is anxiously observing a dispute between Canada and India, with some officials fearing it could derail the U.S. strategy toward the Indo-Pacific, which aims to counter China's influence in the region and elsewhere.
Publicly, the administration has maintained...
Macron has promised that by the end of the year, France will "take back control" of the country's electricity rates.
Macron stated that this goal might be accomplished with the support of state control of the utility EDF and France's nuclear fleet, but he did not specify how he planned to accomplish this goal.
Macron stated this as he was announcing a multi-year environmental strategy. "There...
At whatever cost, China is looking for partners and consumers for its weaponry exports in West Africa as the power of France wanes.
The shift in strategy represented by China's entry into the West African arms industry comes as a surprise to a nation that has traditionally concentrated its efforts on the selling of weapons in other parts of Africa. But Beijing isn't only competing for a part of a new market; in the wa...
"Any Nuclear Attack Would Bring Down the Kim Jong Un Regime," South Korea warns.
Pyongyang had stated that the deployment of a US nuclear-capable submarine and other strategic assets in the region could satisfy the requirements for the use of nuclear weapons.
Yonhap News Agency reported on Friday that South Korea has warned North Korea that any nuclear attack from t...
Bob Iger, chief executive officer of Disney, desires minority partners for ESPN, but striking an agreement will be difficult.
Bob Iger, the chief executive officer of Disney, has taken the unusual step of paying former executives Kevin Mayer and Tom Staggs a consulting retainer to assist him in resolving a difficult issue: what to do with ESPN.
Mayer and Staggs are Candle Media's co-CEOs. Both individuals ...
The European Central Bank raises interest rates by a quarter percentage point and predicts that inflation will remain 'too high for too long'
The European Central Bank announced a new quarter-point rate increase on Thursday, bringing its key rate to 3.75 percent.
The most recent action concludes a full year of consecutive rate increases in the euro zone, which the ECB began in July to combat high inflation.
"In...
Asian stocks rise following a Federal Reserve rate hike
After the Federal Reserve raised interest rates to their greatest level in more than two decades, as anticipated by Wall Street, Asian stocks were mostly higher on Thursday.
The focus of the market shifted to a decision by the European Central Bank later in the day and to whether Japan&...
In February, wholesale inflation slows down to 3.85%.
Inflation based on wholesale prices went down for the ninth straight month in February, coming in at 3.85%. This was because the prices of made goods, fuel, and electricity all went down. Inflation based on the wholesale price index (WPI) was 4.73 percent in January of this year and 13.43 percent...
ED takes Rs 3 crore in cash from Hemant Soren's MLA representative's assistant.
On Friday, the Enforcement Directorate (ED) is said to have taken around Rs 3 crore in cash from an assistant to an MLA agent for Hemant Soren The Enforcement Directorate (ED) supposedly took around Rs 3 crore in cash from the home of Heera Bhagat on Friday. Bhagat is a close friend of Pankaj Mis...
China maintains its low credit rates, boosting most Asian markets, while Tokyo's stock surge continues.
Monday saw gains across Asia as the rebound in Tokyo equities continued and talks to raise the U.S. debt ceiling resumed. The Hang Seng index in Hong Kong gained 1.23 percent, making it the region's best performer, and the Hang Seng Technology index gained 2.17 percent. The People's Bank ...
After the Federal Reserve signaled a prospective pause in rate hikes, mortgage demand surged.
After the chairman of the Federal Reserve suggested an end to an unprecedented string of interest rate increases, mortgage rates declined slightly last week. The decline was not substantial, but it was sufficient to increase demand among current homeowners seeking to refinance their mortgages at ...
Ueda, head of the Bank of Japan, promises to keep rates low for the time being but hints at a possible rate hike in the future.
Kazuo Ueda, governor of the Bank of Japan, emphasized on Tuesday the need of maintaining a low interest rate environment for the time being but left open the possibility of a rate hike if inflation and wage growth exceeded expectations. Ueda told lawmakers that "monetary easing, now conducte...
In May, bond rates for Series I are predicted to drop below 4%.
Inflation-proof and nearly risk-free Series I bonds have seen unprecedented demand over the past year. However, yields have been declining and are expected to continue doing so in May, according to industry experts.
According to the most recent data on the consumer price index, new I bo...
Gains in LG's market capitalization have been the highest among major companies.
With Chairman Koo Kwang-mo at the helm, the South Korean conglomerate LG has been able to outpace its larger competitors Samsung, SK, and Hyundai Motor in terms of overall market value growth over the past year thanks to its focus on change, innovation, and the development of new growth engines. ...
The Fed's aggressive approach has put Korea under duress.
The Korean won has dropped against the dollar after Powell's comments signaled the likelihood of future rate hikes. Signals of future rate hikes from the US Federal Reserve have weighed on the Korean economy, raising concerns about a widening gap between the key rates of the two nations, whic...
U.S. employment data boosts the dollar and yields, and gold prices fall.
On Thursday, gold prices dipped as the U.S. weekly jobs data suggested a tight labor market, which could keep the Fed on its rate-hiking cycle and support the currency and Treasury yields.
At 3:23 p.m. ET on Thursday, spot gold had fallen to $1,836.39 per ounce after gaining in each of ...
As rate increases approach, stocks find it difficult to advance.
Despite the dollar reaching multi-week highs, Asian stock markets were pinned near seven-week lows on Thursday due to investors' concerns that interest rates would need to keep increasing and remaining high to stop inflation in the wake of a slew of positive economic data. The broadest MSCI m...
Oil prices are unchanged as the market awaits decisions from the Federal Reserve and OPEC.
Oil prices remained relatively unchanged as the market anticipates a meeting of OPEC and its allies, a Federal Reserve rate decision, and U.S. government data on oil and fuel stockpiles on Wednesday. Brent crude futures fell 11 cents, or 0.1%, to $85.35 a barrel at 0949 GMT. West Texas Intermedia...
The media's coverage of the "many negative effects of Covid vaccinations" is uninformed and inaccurate. Department of Health
On Tuesday, the Union Health Ministry said that media reports suggesting that officials from the Indian Council of Medical Research (ICMR) and the Central Drugs Standard Control Organisation (CDSCO) admitted that there are "many side-effects of COVID-19 vaccines" are false. A recent new...
As bond yields approach the ceiling once more, the Bank of Japan may announce a significant policy adjustment this week.
With government bond rates increasing and the yen strengthening, the Bank of Japan is scheduled to hold a meeting this week, and some economists are predicting that it may abandon its yield curve management policy. The Bank of Japan surprised markets by increasing its tolerance range for 10-year ...