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US TRADE DEFICIT
BRICS chief backs de-dollarisation, says local currencies are the way forwardBRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digi...- India hosts BRICS summit as Iran war tests bloc unityIndia hosts the BRICS Leaders' Summit this weekend seeking to boost its global profile. The summit faces challenges due to the Iran-UAE con...
- EU countries to seek import curbs on chemicals, plastics, sources sayEuropean governments plan to use trade safeguards against surging imports. France, Italy, and Germany will request broad import quotas soon...
- India-China thaw: Five things to know as Chinese President Xi Jinping heads to DelhiChinese President Xi Jinping heads to India for a summit on Saturday that could mark the biggest step in a cautious thaw after years of hos...
- India needs stronger export push as energy imports drive trade deficits with BRICS nations: BRICS CCI ChairmanIndia must increase exports to BRICS nations to counter trade deficits from energy imports. Greater focus is needed on export promotion and...
- Currency markets subdued as oil shock lifts global yields; ECB, U.S. inflation eyedCurrency markets remained steady as investors assessed rising oil prices and bond yields. The Japanese yen's strong rally paused before key...
- Egypt moves to build $1 bn AI data centre with Nvidia techEgypt is embarking on an ambitious $1 billion project to build an advanced artificial intelligence data center. The first phase will kick o...
- Gold eases as robust US payrolls boost rate-hike bets; inflation data in focusGold prices fell on Monday as strong US job statistics increased expectations of interest rate hikes. Market players are now focused on upc...
- Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for himPresident Trump voiced his dissatisfaction regarding the state of the economy, attributing inflation and financial difficulties to both mar...
- Trump calls for lower interest rates, says high rates put US at 'unfair disadvantage'US President Trump advocates for reduced interest rates, stating the US possesses stronger credit. He believes lower rates are essential fo...
- Strong jobs report fuels Fed rate hike prospects as Trump escalates rate cut pressureA stronger US jobs report has raised expectations of a September Fed rate hike, while Donald Trump has stepped up pressure on the central b...
- Donald Trump threatens trade halt over high interest rates, demands Fed rate cutPresident Donald Trump stated he would halt trade with deficit nations. He demands the Federal Reserve lower interest rates immediately. Hi...
- Is AI boom hiding growing US risks? Nomura warns dollar asset concentration leaves global markets vulnerable to AI shocksNomura warned that the AI boom may be masking growing US risks, as heavy global exposure to dollar assets leaves markets vulnerable to an A...
- Ahead of Market: 10 things that will decide stock market action on FridayThe Indian stock market closed lower Thursday, with Sensex down 417 points and Nifty falling 41 points, pressured by high oil prices, bond ...
- US trade gap in July hits biggest in over a year on AI buildoutThe US trade deficit in July widened to its largest since March 2025, government data showed Thursday, as imports climbed on the back of th...
- China-US spat at G20 largely came down to dispute over one wordA G20 finance meeting saw US and Chinese officials disagree over trade language. The core dispute centered on the phrase "non-market" polic...
- Gold imports may fall 15% in September after PM Modi’s call to curb purchasesGold imports may fall by fifteen percent this September, prompting Prime Minister Modi to call on citizens to restrict their purchases of t...
- US pushes G20 to cut trade imbalances, focus on ChinaG20 members face stalled talks on global trade and fiscal imbalances. United States officials are urging higher barriers on Chinese goods t...
- US plans to sanction another bank in effort to clamp down on Iran transactions: Scott BessentUS Treasury Secretary Scott Bessent said the Trump administration will impose sanctions on another bank this week as Washington intensifies...
- US goods trade deficit widens 17% to $118.8 billion in JulyThe United States merchandise-trade deficit grew substantially in July. This shortfall reached its highest point since early last year. Inb...
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