World economy
Britain threatens EU with a “nasty” exit
09 Oct 2019
US extends tariff war with EU to planes, cheese and whisky
04 Oct 2019
The United States on Wednesday said it would slap 10 per cent tariff on European-made Airbus aircraft and 25 per cent duties on French wine, Scotch and Irish whiskies, and cheese from across the continent after the World Trade Organisation gave Washington a green light to impose tariffs on $7.5 billion worth of EU goods annually in a long-running case
India-US trade deal has to evolve: Piyush Goyal
03 Oct 2019
While both countries do not see any structural issues, there are conflicting interests of bringing down trade deficits and protectionist trade policies that hamper a trade deal
Former French president Jacques Chirac dies at 86
27 Sep 2019
Chirac, like Charles de Gaulle, ably presided over a state in which power was divided between the left and the right even as he championed the cause of a stronger European Union
US Fed cuts interest rate for second time in a row
20 Sep 2019
The US central bank is reported to have injected a total of $203 billion into markets - $75 billion each on Wednesday and Thursday, and $53 billion on Tuesday
ECB cuts rates by 10 bps; announces new stimulus plan
13 Sep 2019
The ECB’s announcement pushed the euro down sharply against the dollar, with the European common currency hitting its lowest level in more than two years, before recovering all losses as market started doubting the central bank’s new bond-buying plan
China, US relent on tariff plans to ease trade tensions
13 Sep 2019
While China announced tariff exemption for 16 US products and US delayed a planned tariff hike on $250 billion worth of Chinese goods, there are still many uncertainties in the coming trade talks, including Beijing’s reluctance to change laws to address US complaints
New US Supreme Court ruling allows Trump to block asylum to many
12 Sep 2019
The Trump administration issued the rule in an attempt to block hoards of immigrants from countries like El Salvador, Honduras and Guatemala from entering the United States as asylum seekers after crossing through Mexico, while keeping asylum protection for Mexican citizens
British PM Johnson sticks to no-deal Brexit
10 Sep 2019
Johnson decided to overlook a legislation passed by parliament demanding that he delay Brexit unless he strikes a new agreement and insisted that Brexit would happen by that date, "no ifs and buts"
UK PM Boris Johnson loses majority as MP defects to defeat no-deal Brexit
04 Sep 2019
EU leaders have refused to reopen the current Brexit deal or abandon it, but Johnson insists that a credible threat to walk away from the European Union will help secure a new deal
Major trading nations feel the heat of China-US trade spat
16 Aug 2019
The sluggish global trade hit Singapore’s gross domestic product the most as the city-state is more dependent on international trade than domestic economy
US Fed cuts policy rate by 25 bps to 2-2.25%
01 Aug 2019
While the rate cut was widely expected by markets, comments by Fed Chairman Jeremy Powell that the rate cut was only a “mid-cycle adjustment to policy”, only helped to boost the value of the dollar
Britain ramps up preparations for no-deal Brexit
29 Jul 2019
The problem with Brexit is that neither Ireland, nor the EU wants Britain to crash out of a customs union and leave a hard border between EU-member Ireland and the British province of Northern Ireland
Boris Johnson to take over as British PM
24 Jul 2019
The Guardian described Boris Johnson as "someone who could easily be rejected as a `Guess Who’ character for looking too ridiculous to lead the country... a man whose DNA profile is the exact same as a Bernard Manning joke... "the clown is crowned as the country burns in hell”