Currencies

India will need $1.3 trillion in cumulative green, social, sustainability and sustainability debt (GSS) by 2030 as it transitions to decarbonising sectors like cement and steel, a report by Japan's MUFG Bank and London based advocacy group Climate Bonds Initiative said.The report said that by 2030, $756 billion is expected to come from private sources opening up space for both infrastructure-scale and innovative financing models."Decarbonising steel and cement alone will require $650 billion, presenting one of India’s largest opportunities for transition-aligned capital," the report said.Until December 2024, India’s cumulative GSS...

Cryptocurrency in India is growing fast. From college students in tier-2 cities to retirees looking for new investment avenues, the appeal is broad and rising. But while adoption is accelerating, understanding is not – and that is where the danger lies.Recently, a 72-year-old man in East Delhi lost ₹40 lakh in a crypto scam. He was shown fake profits through a sophisticated online dashboard and was lured into repeatedly investing before being shut out entirely. This isn’t an isolated case. Such stories are becoming common across India, and they all...

The USD/CHF exchange rate continued its strong downtrend this week, plunging to the lowest level since 2011. It has dropped in the last five consecutive months, the longest losing streak since September last year. This article explains the top reasons why the pair has crashed this month. US dollar index has crashed  Copy link to section The USD/CHF exchange rate has plummeted due to the ongoing decline in the US dollar index. The index, which tracks the performance of the greenback against other currencies, dropped to a low of $97.30, its...

Solo Leveling characters join the RPG Limited-time events include event currencies and loot Guaranteed summons at a certain mileage After its 6th anniversary festivities, Netmarble has now announced a new crossover event within The Seven Deadly Sins: Grand Cross, welcoming characters from Solo Leveling to the fray. In particular, the RPG will have you summoning fan-fave characters and joining in on collab missions for a limited time, with special rewards up for grabs to boot. In the latest update to The Seven Deadly Sins: Grand Cross, you can look forward...

Hong Kong has announced a new regulatory framework for digital assets, focusing on stablecoins and the tokenization of real-world assets. The plan, known as the “LEAP” framework, was introduced by financial authorities to build a regulated and globally competitive crypto ecosystem. It prioritizes legal clarity, ecosystem expansion, application development, and talent acquisition.As of August 1, all issuers of stablecoins will have to obtain licenses to operate in Hong Kong. Regulation by the Securities and Futures Commission will license the secure custody and dealing of digital assets. Still, other authorities will...

Asian markets rose on Friday on fresh trade hopes and the dollar held around three-year lows amid bets of cuts to US interest rate cuts.Easing concerns about Middle East tensions also added to the upbeat mood.With the Israel-Iran ceasefire holding for now, investors were able to turn their attention back to the economy and Donald Trump’s tariffs as a deadline for countries to strike deals with Washington approaches.Bets on a Federal Reserve rate cut jumped this week after the US president said he had candidates in mind to succeed boss...

Asian currencies held in narrow ranges on Friday following earlier gains sparked by easing Middle East tensions. The Taiwan dollar outperformed, hitting a three-year high, largely due to broad U.S. dollar weakness. A U.S.-brokered ceasefire between Israel and Iran continued to hold, fueling risk-on sentiment across Asia earlier in the week. However, uncertainty around U.S. economic policy and looming trade tariff deadlines capped further momentum by Friday. The broader Asian FX market remained cautious ahead of President Donald Trump’s early-July tariff deadline. With no major trade deals finalized, markets fear...

On June 27, 2008, Field Marshal Sam Hormusji Framji Jamshedji Manekshaw, one of the most distinguished officers of the Indian Army, passed away at the Military Hospital in Wellington. His defining achievement came as the Chief of the Army Staff during the 1971 Indo-Pakistan War which led to the liberation of Bangladesh. Also, on this day in 1871, Japan officially adopted the yen as its national currencyread moreOne of the most decorated officers of the Indian Army, Field Marshal Sam Hormusji Framji Jamshedji Manekshaw bid adieu to the world on...

Asian stock markets advanced broadly at Friday’s open, with a key gauge of global equities on track for another record high, as calming geopolitical concerns and rising expectations for US Federal Reserve interest-rate cuts this year fueled investor optimism. Trading desks across Asia are buzzing with excitement again, as the region appears to be shaking off recent tariff shocks and once again attracting investors with its solid growth prospects.The positive momentum in Asia-Pacific markets largely tracked gains seen on Wall Street. This followed comments from White House spokesperson Karoline Leavitt,...