Canada, U.S. Seek Tariff Resolution Amid Ongoing Trade Tensions

Aug 04, 2025 04:42 am UTC| Economy Politics

U.S. President Donald Trump and Canadian Prime Minister Mark Carney are expected to speak in the coming days as both nations seek to ease escalating trade tensions. The talks follow Washingtons recent move to impose a 35%...

Japan Signals Possible Extra Budget to Counter U.S. Tariff Impact

Aug 04, 2025 04:41 am UTC| Politics Economy

Japanese Prime Minister Shigeru Ishiba said Monday the government may compile an extra budget to offset economic pressures from U.S. tariffs, a move that could further strain Japans already fragile public finances....

RBI Poised to Hold Rates as US Tariffs Raise Growth Risks

Aug 04, 2025 04:39 am UTC| Economy Central Banks

The Reserve Bank of India (RBI) is widely expected to keep its repo rate unchanged at 5.50% on Wednesday, but chances of another rate cut have risen after the U.S. imposed steep tariffs on Indian exports last week....

Asian Currencies Edge Higher as Dollar Weakens After Soft U.S. Jobs Data

Aug 04, 2025 04:37 am UTC| Economy

Most Asian currencies strengthened on Monday as the U.S. dollar extended losses following weaker-than-expected nonfarm payrolls data, which raised uncertainty over the U.S. economy and interest rate outlook. The greenback...

Citi Lifts Gold Price Forecast to $3,500 Amid Weaker U.S. Outlook and Tariff Concerns

Aug 04, 2025 04:35 am UTC| Insights & Views Economy

Citi raised its three-month gold price forecast to $3,500 per ounce from $3,300, projecting a trading range of $3,300$3,600, citing a deteriorating U.S. growth and inflation outlook. The bank expects U.S. tariff-related...

Goldman Sachs Maintains Brent Oil Forecast Amid Rising Geopolitical and Economic Risks

Aug 04, 2025 02:27 am UTC| Economy Insights & Views

Goldman Sachs has reaffirmed its oil price outlook, projecting Brent crude to average $64 per barrel in Q4 2025 and $56 in 2026, but warned of growing risks to its baseline forecast. The bank noted that increasing...

Rupee Under Pressure Ahead of RBI Policy Decision Amid U.S. Tariff Concerns

Aug 04, 2025 02:23 am UTC| Economy

The Indian rupee is expected to remain under pressure this week as steep U.S. tariffs on Indian exports and the Reserve Bank of Indias (RBI) upcoming policy decision weigh on sentiment. The rupee closed at 87.54 per U.S....