Latest Finance-Economy News
Asian Stocks Bounce Back After Worst Selloff in Two Months
Asian stocks, including KOSPI up 5%, rebounded sharply due to gold and silver price recovery calming markets post-Monday volatility. S&P futures rose 0.3% above 7000 amid stabilizing sentiment.
Trump Slashes US Tariffs on India to 18%
President Trump announced tariff cuts on India to 18% after PM Modi agreed to halt Russian oil purchases. This move aims to strengthen US-India trade ties amid global energy shifts.
US-Iran Officials Plan Nuclear Deal Talks Amid Trump Warnings
US and Iranian officials are set to discuss a new nuclear agreement this week, but Trump cautioned 'bad things would happen' without resolution. Crude oil prices slid on de-escalation hopes.
RBA Hikes Interest Rates by 25 Basis Points to 3.85%
Australia's Reserve Bank raised rates to 3.85%, continuing its hiking cycle amid elevated inflation, growth, and employment. Bond markets sold off with forecasts of further tightening up to 50 basis points.
Bitcoin Down 13% Year-to-Date in Rough Start
Bitcoin has fallen nearly 13% so far in 2026, hitting lows not seen since Q4, failing to respond to typical drivers like gold or lower rates. Trading volumes dropped 40% from prior quarter.
Crypto Market Faces Historic Drawdown Over 35% from October Peak
Bitcoin is down almost 40% from October highs, with drawdowns common but this one amid pessimism and deleveraging. Market shows reduced leverage despite traditional asset gains.
Australia's Big Four Banks Announce Interest Rate Hikes
The major Australian banks plan to raise interest rates, following central bank moves. This impacts borrowers amid ongoing monetary tightening.
RBNZ Maintains Hawkish Stance on Inflation and Growth
Reserve Bank of New Zealand kept hawkish comments with elevated inflation, growth, and employment forecasts raised by 50 basis points. Analysts eye bond yields hitting 5% by year-end.
South Africa Triples Private Investment Plans
South Africa announced plans to triple private investments, boosting economic prospects. This comes alongside global market volatility and resource sector focus.
Saudi Arabia Rolls Out Reforms to Attract More FDI
Saudi Arabia launched months of reforms aimed at drawing foreign direct investment. The moves target economic diversification amid oil price fluctuations.
Institutions Like BNY, State Street Invest in Blockchain Infrastructure
Major players including Bank of New York, State Street, and Barclays are investing in blockchain for real-world use cases. Crypto adoption grows despite Bitcoin's slump.