EMERGING MARKETS-Stocks advance as investors eye tariff talks, currencies steady
* Singapore stocks at all-time high * Indonesia stocks at 3-week high * China's Shanghai Composite at 9-month peak *...
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JPMorgan mulls cutting India, China share in Emerging Market Bond Index
JPMorgan’s index is the main benchmark for developing-nation debt funds, and changes to its composition can affect global investment flows....
Why the US dollar remains the world’s reserve currency
The US dollar's position as the world's primary reserve currency has endured for over eight decades, weathering numerous economic crises, geopolitical shifts, and challenges from emerging economies. Despite periodic predictions of its decline, the greenback continues to dominate international finance, trade, and central bank reserves. Understanding why this supremacy persists requires examining the complex interplay of historical, economic, and institutional factors that reinforce America's monetary hegemony.Historical foundation and the Bretton Woods LegacyThe dollar's reserve currency status originated from the 1944 Bretton Woods Agreement, which established a new international monetary system...
How Trump administration aims to block China from owning US farmland
Jacob Fischler | States NewsroomPresident Donald Trump’s administration will pursue a ban on Chinese ownership of U.S. farmland as part...
Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
Brics leaders urge cohesion, trade and use of local currency to grow Global South clout
Brics leaders have called for stronger cohesion, expanded trade and increased use of local currency to improve the Global South’s...
‘Brics bank’ blasts the West ahead of leaders’ summit, while China mute on tariffs
Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the United States, its...
De-dollarisation favours Asian assets despite record US stock run, Societe Generale says
The rotation to emerging markets in Asia that spurred the US dollar’s worst performance in more than five decades will...
Stock market opens in record territory as investors bet on trade deals, Fed rate cut
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal.Shortly after the start of trade on Friday, the S&P 500 rose 14 points, or 0.2%, to 6,155 points, surpassing its previous all-time closing high in February of 6,144. The index also briefly edged above its previous record on Thursday in intraday trading.The Nasdaq Composite gained 62 points, or 0.3 %, to 20,227, topping its previous record high of 20,174 on Dec. 16, 2024. The Dow Jones Industrial Average rose 0.4%...