Dollar Dips as Biden Exits Race; Chinese Bonds Surge
Markets experienced a notable shift as President Joe Biden’s decision to withdraw from the 2024 presidential race reverberated through global financial systems. The U.S. dollar fell against major currencies, while Chinese bonds saw a substantial increase in value. Biden’s unexpected announcement to step aside for the upcoming election has led to immediate market reactions. The dollar, which had been gaining strength due to relatively stable U.S. economic […]
By P. Sreekumaran THIRUVANANTHAPURAM: It would have been a strong contender for the best joke of the year award but for the sheer hypocrisy and shamelessness that animated the claims. The reference is to the brazen Congress attempt to claim credit for the Vizhinjam international transshipment port project. The party, which opposed Kerala’s dream project […]
By Subrata Majumder Narendra Modi’s visit to Russia on July 8 and 9, the first since Ukraine war, carries major significance. India’s shifting of oil dependence from OPEC to Russia opens a new chapter of economic relation between the two nations, after it was subdued with the breakdown of Soviet Union in 1991. Apart from […]
By Anjan Roy China has just concluded its “third plenum” (from 15 to 18 July) which traditionally re-examines and gives fresh directions in the country’s economic policy. The all-powerful Central Committee of the Chinese Communist Party generally holds seven plenums in five years, of which the third is devoted to looking at economic issues and […]
By Arun Kumar Shrivastav Bangladesh’s Prime Minister Sheikh Hasina’s recent visit to China has sparked discussions about potential implications for regional dynamics, particularly in relation to India. Sheikh Hasina, who has visited India twice this year, had not travelled to China in five years prior to this recent trip from July 8 to 10. The […]
By Nantoo Banerjee The US Ambassador to India, Eric Garcetti, may have exceeded his brief by issuing a warning to India that the country can’t take its improved relationship with the United States for granted in the context of Prime Minister Narendra Modi’s talks with Russian President Vladimir Putin in Moscow, last week. The ambassador, […]
