The United States has rejected India's request for consultations at the World Trade Organization (WTO) regarding Washington's 50% tariffs on copper and copper derivative products, arguing that the tariffs are not safeguard measures, as claimed by New Delhi. According to The Economic Times, the US told the WTO that there is "no basis" for India to seek consultations. Earlier this month, India had initiated the request under the WTO Agreement on Safeguards. This marks the third instance of India seeking WTO consultations with the US and Washington refusing, following previous disputes over...
The United States Federal Reserve (Fed) will announce its monetary policy decision and publish its revised Summary of Economic Projections (SEP), known as the dot plot, after its September policy meeting on Wednesday. Market participants widely anticipate the US central bank will cut its benchmark interest rate for the first time since last December, lowering it to a range of 4%-4.25%. The CME FedWatch Tool shows that investors see only about a 6% chance of a larger rate cut, while pricing in about an 80% chance of a 75 basis point (bps) cut for the remainder of the year. This means the...
Australia's seasonally adjusted unemployment rate stood at 4.2% in August 2025, unchanged from the previous month and in line with market expectations. The number of unemployed people fell by 900, bringing the total to 647,400. Among them, those seeking part-time jobs declined by 3,600 to 204,400, while those looking for full-time jobs increased by 3,000 to 443,000. Meanwhile, employment unexpectedly declined by 5,400 to 14.63 million, missing forecasts of a 22,000 increase, following an upwardly revised gain of 26,500 in July. Full-time employment decreased by 40,900 to 10.08 million,...