Economy
15 articles
US Futures Rise as Deal Reopens Strait of Hormuz
Just hours after the global Brent oil benchmark price briefly surged to nearly $103 a barrel, news of a US-Iran deal to reopen the Strait of Hormuz sent crude prices plummeting.
India's trade deficit narrows amid US-Iran deal impact
India's trade deficit marginally narrowed in May, defying forecasts for a wider gap, Bloomberg reports.
Wheat, Corn Futures Drop as Hormuz Reopening Eases Farm Input Shock
Wheat futures in Chicago plummeted by as much as 1.
China's Motorcycle Trade Body Urges Halt to Price Wars
Foshan Muci Motorcycle Co.
Indonesia central bank raises rates to counter market selloff
Indonesia's rupiah has plummeted to a record low of over 18,000 to the dollar, prompting an emergency 25-basis-point interest rate hike from its central bank, according to Reuters .
Indonesia market rout deepens as bonds, currency, stocks slide
Indonesia's 10-year government bond yield surged by 33 basis points on Monday, hitting its highest level in over a year.
Indonesia's Danantara Launches US Bond Roadshow Amidst Debt Concerns
As Indonesia's benchmark Jakarta Composite Index tumbled 36% from its peak, its sovereign wealth fund, Danantara, embarks on a US roadshow this week to secure a dollar bond sale, according to Bloomber
Indonesian officials vow to stabilize Rupiah as it hits Rp18,000
The Indonesian rupiah breached Rp 18,000 per US dollar on Thursday, marking an 8% loss this year and cementing its position as Asia's worst-performing currency, per The Jakarta Post.
Bolivia's sovereign bonds crash for 10th day amid protests
Just weeks after Bolivia successfully raised $1 billion in international markets, its sovereign bonds have dropped almost five cents on the dollar, with yields on 2031 notes jumping to 10.
Energy Surges Push Traveler Costs Higher
The national average for a gallon of regular gasoline has hit $4.
Restaurants Face Squeezed Margins Amid Rising Food Costs
In April, a 25-pound box of tomatoes for Tony's Taverna in Three Rivers cost $18.
US consumer spending slowdown impacts stock market rally
US retail sales were unexpectedly flat during the critical December holiday season, signaling a significant chill in consumer spending just as markets celebrated a rally.
Australian Stocks Rebound, US Falls; Oil Eases Some Bond Pressure
Australian shares rebounded, but US markets fell, highlighting a divided global market.
Chile mortgage rates hit four-year low
For the first time in over four years, Chile's average mortgage rate plummeted below 4%, a critical turning point for the nation's housing market.
Global stocks slide as 2026 Brent crude and bond yields climb
The UK's 10-year gilt yield surged to 5.