Currencies

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,...

Visakhapatnam: The Sullurupeta police in Tirupati district have apprehended five individuals associated with a gang involved in a fraud relating to the exchange of discontinued Rs 2,000 currency notes. Law enforcement authorities succeeded in recovering Rs 73.2 lakh in cash from the culprits.Superintendent of police V Harshavardhan Raju revealed that a local businessman, Jagadeesh, had been defrauded to the tune of Rs one crore. The perpetrators reportedly approached Jagadeesh, asserting they could provide him with Rs two crore in Rs 2,000 denomination notes in exchange for Rs one crore in...

Private equity (PE) investments into India’s real estate sector saw a steep 41% year-on-year (YoY) decline in the first half of 2025, totalling $1.7 billion across just 12 deals, according to the latest report by Knight Frank India. The sharp contraction was driven primarily by a significant dip in capital flows into the residential and warehousing segments.PE investments in the residential sector halved to $500 million in H1 2025, while the warehousing segment witnessed a near wipeout, plunging 97% year-on-year to just $50 million. These declines come against a backdrop...

The GENIUS Act will enable tech companies to issue stablecoins that functionally blur the boundary between public and private money. But Winston Ma, adjunct law professor at New York University, argues that private stablecoins cannot function as true currency without sovereign enforcement. Yuriy Brisov, a lawyer at Digital & Analogue Partners, contends that privately issued currencies can serve as legitimate alternatives to traditional monetary systems. US President Donald Trump wants to sign the stablecoin rule as soon as possible. (Donald Trump) To understand the legal implications of the GENIUS Act...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking: Where...

Welcome to the wild world of cryptocurrencies. Unlike coins and bank notes, digital currencies exist electronically, not under the control of some central authority, such as a central bank or a government.What attracts so many people to these pseudo-currencies is privacy and tax concerns. Criminals also appreciate the secrecy these currencies employ, especially since central banks have withdrawn many high-denomination bank notes in recent years, which could otherwise be a convenient way to store ill-gotten gains.Are coins and bank notes on their way out? According to Senator Mark Warner (D.,...

Trading desks across Asia are buzzing with excitement again, as the region shakes off tariff shocks and attracts investors with its solid growth prospects. From stocks to currencies to credit, the rebound from the depths of the April market turmoil has been impressive. MSCI’s Asia equities index has jumped 25 per cent to a four-year high, while a slump in the US dollar has powered a regional currency gauge to the strongest since October. Companies are rushing to raise money to capitalise on the market’s reawakening. It marks a sharp reversal...