Currencies

India has reaffirmed its engagement with BRICS while making it clear that it is not part of any initiative to undermine the US dollar. This comes in response to US President Donald Trump’s latest warning of a 100% tariff on imports from BRICS nations if they pursue a common currency.External Affairs Minister S. Jaishankar, in a statement to Parliament, emphasised India’s role as a founding member of BRICS, highlighting the bloc’s focus on inclusive global governance. However, he clarified that India does not support any move within BRICS to reduce...

When economists seek to account for the dollar’s outsize role as the only true global currency, they point to structural factors such as the US share of world GDP, or the depth and liquidity of US financial markets. This approach underlies the sanguine view of many financial market participants that, come what may, so long as the US remains the world’s leading economy, the dollar will remain its safe haven.The second Trump administration is a reminder that raw numbers can only take us so far. For as historians will tell...

Toncoin’s been cooking lately, and it’s got one of the biggest catalysts out there—Telegram. With nearly a billion users, Telegram rolling out Toncoin payments and services was a game-changer. After Pavel Durov’s travel clearance to Dubai, rumors exploded about more Toncoin integrations. The market noticed—TON pumped 18% overnight, hitting $3.58 with a 67% spike in Open Interest.The community’s bullish, and why not? TON sits comfortably between $2.40 and $3.00 support zones, with targets aimed at $3.80, $4.50, and $6 if this momentum keeps rolling. What’s crazy is the broader narrative....

The best sweepstakes casinos are widely available outside of Michigan. While players in the Great Lake State won’t have access to these operators, our preferred sweepstakes casino promos include Crown Coins, McLuck, PlayFame, and WOW Vegas.Top sweepstakes casino promosIf you’re new to sweepstakes casino promos, they provide no-deposit bonuses and welcome offers, similar to MI online casinos. However, it’s crucial to understand that sweepstakes casinos are not available to Michigan players.Feel free to explore our expert reviews to learn more about the best sweepstakes casino promos.Social casinos vs. sweepstakes casinosBefore...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Global investors are pulling their money out of south-east Asia as concerns mount over the region’s largest economies and many traders rotate back into Chinese equities.Indonesia and Thailand, the region’s two biggest economies, have seen foreign equity outflows in the year to date, while their stock markets have been some of the worst performing this year.Indonesian stocks fell to their lowest in four years this week — though they have since recovered...

BENGALURU: Indonesian stocks slumped on Friday, bringing a bruising week to an end as concerns over the country’s fiscal health weighed, while most Asian currencies were on the defensive on trade war uncertainties. Jakarta stocks slipped 1.6% after a short-lived rebound from Tuesday’s sell-off, which triggered a trading halt. The benchmark stock index is down more than 11% for the year so far, making it among the worst performers in Asia. Investors’ confidence in Southeast Asia’s largest economy has been dwindling due to growing concerns over fiscal health, government policies...

Visakhapatnam: The NIA special court in Visakhapatnam has sentenced three persons to rigorous imprisonment (RI) in a fake currency case.The accused identified as Firoj Saikh, Tajamul Saikh and Enamul Haque, have been sentenced to a total of seven years of RI in the 2018 case relating to seizure of fake Indian currency notes (FICN) having face value of Rs10,20,000. The seizure was made from two accused, Md Mahaboob Baig alias Azhar Baig and Syed Imran, who were travelling on the Howrah-Hyderabad East Coast express. On being interrogated, they revealed the...

Trichy: The air intelligence unit (AIU) of customs department in Trichy International Airport seized 482 foreign currencies valued at 38 lakh that were to be smuggled to Sharjah, United Arab Emirates, by a passenger on Friday. Customs also seized 780g of gold from a passenger who arrived at the Trichy airport from Sharjah on Thursday night.In the first incident, AIU sleuths said that a male passenger attempting to board a Sharjah-bound Air India Express flight IX 613 was found under suspicious circumstances. On inspecting his luggage, officials found foreign currencies...

New Delhi, Mar 21 (PTI) An NIA court in Vishakhapatnam sentenced three men to seven years of rigorous imprisonment on Friday for being part of a huge racket involved in the smuggling of fake Indian currency notes. Firoj Saikh, Tajamul Saikh and Enamul Haque were sentenced in the 2018 case relating to the seizure of fake currency notes with a total face value of Rs 10.2 lakh, the National Investigation Agency (NIA) said in a statement. It said the seizure was made from Md Mahaboob Baig and Syed Imran who...

Tariff uncertainties, decline in commodity & metal prices, and volatility in currencies dragged down merchandise exports in the last few months, explains Ajay Sahai. A turnaround in the exports trajectory would require more supportive policies and efforts to boost global competitiveness of assorted sectors Why are exports declining? Uncertainties due to tariff wars, the decline in commodity and metal prices, and volatility in currencies largely contributed to the decline in recent months. Two key sectors — petroleum and gems & jewellery —contributing to about a quarter of India’s exports, along...