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 Fed is widely expected to slash interest rates at the conclusion of its latest two-day policy gathering, although the size of the possible drawdown and commentary around the move remain a source of debate. Markets are all but certain the central bank will cut borrowing costs by at least 25 basis points from the current target range of 4.25% to 4.5%, while there is also a slim chance of a deeper, half-percentage point reduction. Underpinning these estimates have been signs of a weakening U.S. labor market, which are seen overshadowing simultaneous indications of sticky inflation. In...
Bank Indonesia unexpectedly cut its benchmark interest rate by 25 bps to 4.75% at its September 2025 policy meeting, marking the third consecutive monthly rate cut and defying market expectations to hold rates steady at 5.0%. This is the sixth rate reduction since last September, bringing the benchmark rate to its lowest level since October 2022. The decision reflects projections that inflation for 2025–2026 will remain within the central bank's target range of 2.5% ± 1%, a stable Rupiah exchange rate, and ongoing efforts to support economic growth. Recent data showed that GDP grew by 5.12%...
U.S. President Donald Trump's nomination to the Federal Reserve Board of Governors, economist Stephen Miran, was approved by the Senate in a narrow vote on Monday evening. Miran's appointment to the Fed board was approved in a 48-47 vote, with the confirmation now allowing him to participate in the Fed's September 16-17 meeting. Miran was nominated by Trump to fill a seat abruptly vacated by former Fed governor Adriana Kugler, with his term set to expire in January 2026, when the seat's original term ends. Miran currently serves as the Chair of the Council of Economic Advisers (CEA), and...
U.S. President Donald Trump cannot fire Federal Reserve Governor Lisa Cook, an appeals court ruled on Monday, allowing her to remain on the central bank's board for a closely-watched policy meeting this week. The U.S. Court of Appeals for the District of Columbia Circuit in a 2-1 ruling denied the Department of Justice's request to hold an earlier ruling blocking Trump from removing Cook. Monday's ruling came just a week after a district judge also ruled against Cook's firing. U.S. District Judge Jia Cobb had last week ruled that Trump's allegations of mortgage fraud against Cook, which...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
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...