British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government said.
Trade secretary Jonathan Reynolds and minister for trade policy Douglas Alexander will meet their counterparts from the GCC region, which comprises...
Impact of Global Trade Wars on the Financial Markets
Overview of Global Trade Wars
Global trade wars occur when countries impose tariffs, quotas, and other restrictions on each other's goods and services, often in retaliation. These conflicts can disrupt global trade flows, impact...
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History of Japan’s intervention in currency markets
Japan's yen strengthened sharply on Monday in a move market participants said pointed to yen-buying intervention from Japanese authorities to stabilise the sliding currency.
After trading at its weakest level in 34 years at...
History of Japan’s intervention in currency markets
Japan's yen strengthened sharply on Monday in a move market participants said pointed to yen-buying intervention from Japanese authorities to stabilise the sliding currency.
After trading at its weakest level in 34 years at 160.245 per dollar in the Asian morning, the yen jumped from around 159.5 per dollar to 155.2 over an hour of one-way trade.
The cause of the move was not immediately clear. Some traders cited yen buying by Japanese banks.
Japan last intervened in October 2022 as the yen plumbed lows near 152 per dollar. It was then estimated to have spent as much as 9.2 trillion yen ($60.78 billion) defending the currency.
Here is a timeline of moves in...
British ministers head to the GCC for talks on new trade deal
Britain’s new trade ministers visited the Gulf region on Monday in a first joint visit for talks on a possible trade deal, the government...
India’s Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins...
Turkish economy expands 5.7% in first quarter on strong domestic demand
Turkey's economy grew 5.7% in the first quarter, in line with expectations, official data showed on Friday, driven by strong domestic demand.
Growth is expected to slow during the rest of the year as...
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