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 […]

Sri Lanka Says India Will Donate Additional $500 Million To Buy Fuel

Sri Lanka Says India Will Donate Additional $500 Million To Buy Fuel

On Wednesday, Sri Lankan Foreign Minister GL Peiris told reporters that India would be providing an additional $500 million in financial assistance to buy fuel. The troubled island nation further mentioned that Bangladesh has also agreed to delay $450 million in swap repayments to ease the burden on the nation. “Assistance by the IMF will […]

World Bank Slashes India’s Growth Forecast For 2022-23

World Bank Slashes India's Growth Forecast For 2022-23

India’s growth forecast for the current fiscal year (2022-23) was lowered to 8 percent from the estimated 8.7 percent predicted in January by the World Bank, on April 13. The bank cited the impact of the Russia-Ukraine war, high global oil prices, elevated inflation and supply disruptions as reasons for the recent revision in estimation. […]

Explained: What Led To The Grave Economic Crisis In Sri Lanka?

Explained: What Led To The Grave Economic Crisis In Sri Lanka?

Sri Lanka is currently witnessing its worst economic downturn since attaining independence in 1948. The island nation of 22 million is facing shortage of food, fuel and medicine, along with power cuts spanning for more than seven hours. The crisis has also led to the cancellation of exams due to the lack of ink and […]

Russia Proposes An Alternate Payment System For Trade With India

Russia Proposes An Alternate Payment System For Trade With India

India and Russia’s ongoing talks on setting up alternate payment methods for trade have taken a new direction. According to Bloomberg, the Russian government has proposed the use of a system developed by the Russian central bank for bilateral payments. Sources have confirmed that the Indian government is considering the proposal to continue the trade […]

What Could The China-Saudi Friendship Mean For The US Dollar?

What Could The China-Saudi Friendship Mean For The US Dollar?

A report published by the Wall Street Journal, on March 15, highlighted the ongoing talks between Saudi Arabia and China, to price some of the former’s oil sales to the latter, in yuan. The report suggested that if the deal is confirmed, the outcome could pose a problem to the US dollar’s dominance in the […]