UK OBR head quits after early release of Rachel Reeves’ budget
Richard Hughes has resigned as chair of the Office for Budget Responsibility after the UK’s fiscal watchdog mistakenly published Chancellor…
A beginner’s guide to the yen carry trade: why it’s so profitable, and so dangerous
Borrow cheap yen, invest in higher-yielding assets, pocket the spread: repeat with leverage. That simple idea, known as the yen…
Europe bulletin: markets slip, UK-EU defense rift, Wingtech escalates chip dispute
Europe’s news cycle is stacked with market jitters, political standoffs, and rising geopolitical pressure. The FTSE 100 is set to…
Wall Street close: Nasdaq extends rally to five days as markets eye Fed rate cut
The Nasdaq Composite climbed 0.65% on Friday to 23,365.69, stretching its rally to a fifth straight session even as the…
Evening digest: Intel soars on Apple hopes, China pressures the UK, India’s growth beats forecasts
A big tech bounce, rising geopolitical tensions, and fresh economic momentum shaped the day’s headlines. Intel led markets higher after…
How long will it take for India to become a $5 trillion economy?
India’s march toward becoming a $5 trillion economy has been a central theme in policy and investor discussions. Now, Vishrut…
Ukraine peace hopes send gasoil crack plummeting; sanctions easing on Russia eyed
Hopes for a potential peace plan in Ukraine have sent shockwaves through the energy market this week, causing the gasoil…
StoneX targets India with dual strategy: precious metals trading, major tech expansion
US financial services firm StoneX Group is set to significantly expand its footprint in the burgeoning Indian market with a…
Japan strengthens AI and semiconductor push with extra budget plan
Japan is moving ahead with a new spending plan to reinforce its long-term strategy for artificial intelligence and semiconductor development.…
India’s GDP growth surges to six-quarter high of 8.2% in Q2, outpacing forecasts
India’s economy grew 8.2% in the second quarter of FY 2025–26, marking the strongest expansion in six quarters and significantly…