Yen Pulls Back After Rally as Fed Rate Cut Bets Support Dollar Stability 
Merz Rejects Further Reform of Germany’s Debt Brake Ahead of 2029 Election 
Fed Governor Stephen Miran Warns Tight Monetary Policy Threatens U.S. Economic Growth 
U.S. Stock Futures Slip as Tech Stocks Tumble Ahead of Key CPI Inflation Data 
U.S. Inflation Cools in January as Gas Prices Fall, Core CPI Signals Sticky Price Pressures 
Oil Prices Steady as Iran-U.S. Nuclear Talks and OPEC+ Output Plans Shape Market Outlook 
U.S. Supreme Court Strikes Down Trump Tariffs, Deepening Global Trade Uncertainty 
Japan Coalition Urges BOJ Independence as Sales Tax Cut Plan Advances 
Venezuela Amnesty Law Sparks Debate as Over 1,550 Requests Filed and Prisoners Released 
Asian Markets Consolidate Gains as Japan GDP Disappoints and Fed Rate Cut Bets Rise 
Oil Prices Steady but Head for Weekly Loss as Supply Glut Concerns Weigh 
Oil Prices Edge Higher as US-Iran Tensions and Strong Payroll Data Shape Market Sentiment 
EU Demands U.S. Honor Trade Deal After Supreme Court Blocks Trump Tariffs 
Trump Approves FEMA Emergency Declaration After Massive Potomac River Sewage Spill 
Japan GDP Growth Slows Sharply in Q4 2025 Amid Weak Business Spending and Trade Tensions 
Gold Prices Steady as Markets Await Key U.S. Inflation Data 
Kim Jong Un Reviews Five-Year Achievements at Workers’ Party Ninth Congress 
India and Brazil have taken a major step toward strengthening bilateral trade relations by signing a new agreement focused on mining, minerals, and steel sector cooperation. The pact, signed in New Delhi in the presence of Prime Minister Narendra Modi and Brazilian President Luiz Inacio Lula da Silva, aims to secure critical raw materials and support India’s growing steel industry amid intensifying global competition for mineral resources.
Brazil, one of the world’s leading producers of iron ore, holds significant reserves of minerals essential for steel production. The new agreement is expected to enhance India’s access to these raw materials while encouraging technology exchange and long-term collaboration in exploration and mining. According to an official statement, both countries will promote investment in mining projects, mineral exploration, and steel infrastructure development.
India currently has a steelmaking capacity of 218 million metric tons and is expanding output to meet rising domestic demand driven by rapid infrastructure development and industrialization. Strengthening trade ties with Brazil will help India ensure a stable supply of iron ore and other critical minerals required to sustain capacity expansion and economic growth.
During talks with the Brazilian delegation, Modi emphasized the shared commitment to significantly boost bilateral trade beyond the current $15 billion level to over $20 billion within the next five years. He also highlighted plans to deepen cooperation in technology, innovation, digital public infrastructure, artificial intelligence, and semiconductors.
India and Brazil have been strategic partners since 2006, collaborating across sectors such as defense, energy, agriculture, health, and critical minerals. As India’s largest trading partner in Latin America and the Caribbean, Brazil also works closely with New Delhi on global issues including climate change, counter-terrorism, and United Nations reform. President Lula additionally supported increasing trade settlements in local currencies while dismissing speculation about a BRICS common currency.
