Global Financial Stability Board To Propose Crypto Regulations In October

Global Financial Stability Board To Propose Crypto Regulations In October

The Financial Stability Board (FSB) made a statement on July 11 that recommendations on subjecting crypto-assets to regulation and supervision will be presented to the G20 finance ministers and central bank governors in October. The international body plans on providing regulatory and supervisory aspects of stablecoins and other crypto-assets. The Basel Committee on Banking Supervision […]

India Should Decrease Edible Oil Imports To Become Self-Reliant: Report

India Should Decrease Edible Oil Imports To Become Self-Reliant: Report

Rating and research firm CareEdge has released a report titled ‘India’s Bid to Reduce Imports and Become ‘Atma Nirbhar’, which highlights India’s significant reliance on edible oil imports that could pose an issue to India’s national interest in the long run. The report says that it is imperative for India to become not only self-reliant, […]

Oil Prices Rebound And Boost World Stocks Over US Holiday Weekend

Oil Prices Rebound And Boost World Stocks Over US Holiday Weekend

On July 4, oil prices rebounded despite concerns of tight supplies, leading to world stocks receiving a much-needed push during the US holiday weekend. The development comes as a relief, as lower oil output from the Organization of the Petroleum Exporting Countries (OPEC), unrest in Libya, and sanctions on Russia have outweighed the fears of […]

Petrol Pump Dealers Across India Demand Hike In Dealer Commission

Petrol Pump Dealers Across India Demand Hike In Dealer Commission

A Bloomberg Prime report states that 70,000 petrol pump dealers across 24 states in India have decided against purchasing fuel from oil retailers, starting today. The decision was made in protest of the lack of increase in dealer commission over the last five years. “There was an agreement between OMCs (oil marketing companies) and dealer […]

Markets Wary Of Recession Despite World Stocks Rising

Markets Wary Of Recession Despite World Stocks Rising

Investors remain nervous about high inflation and the impact of rising interest rates despite world stocks rising from the previous day’s 18-month lows, with the dollar rising back from 20-year highs on May 13. The looming threat of recession has gotten the market anxious, with the S&P getting close to a bearish market on May […]

Explained: Elon Musk’s Takeover Of Twitter

Explained: Elon Musk’s Takeover Of Twitter

The ongoing buildup on whether the Tesla and SpaceX CEO will purchase Twitter has finally reached its conclusion, with Elon Musk acquiring the social media platform for $44 billion. While announcing the takeover, Musk said, “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to […]

European Shares Set To Open Lower Despite Macron’s Re-election, Euro Falls

European Shares Set To Open Lower Despite Macron’s Re-election, Euro Falls

Emmanuel Macron’s re-election win as France’s president has not had a positive impact on the euro, as European share futures fell. The euro had initially opened higher, but fell by 0.34 percent against the dollar, to $1.07725, as it continued on its two-year low hit last week. However, it did rise to a one month […]