Economy

  • Asian markets remained mixed while oil extends gains into second day

  • Russia still shipping oil to India, settling 90% of trade in rubles and rupees

  • Dollar falls against every major currency as US stocks post worst global underperformance since 1993

  • Trump makes preparations to fire Federal Reserve governor Lisa Cook

  • Fed minutes show only two people on the board sided with Trump against Powell

  • Japan’s exports suffer sharpest decline in four years as US tariffs bite

  • Russia’s oil supplies to China down 7.6% this year

  • Emerging-market currencies post decade-best returns vs. dollar

  • ECB’s Lagarde says potential U.S.-EU trade deal not far from central bank projections

  • European arms stocks are plunging again as gas longs collapse at the same time

  • Russia reiterates that it plans to keep oil flowing to India as Putin plans year-end visit to Modi

  • UK inflation hits 18-month peak in July

  • China lifts rare earth export curbs on India amid U.S. trade tensions

  • S&P Global maintains US credit rating despite $5T debt surge

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  • SoftBank shares drop 5%, snapping 9-day rally after $2 billion Intel deal

  • China grabs discounted Russian oil as Trump punishes India for the same

  • Reeves mulls stamp duty and council tax reforms to raise revenue

  • U.S. stagflation fears shake global markets

  • Digital ruble to add $3 billion to Russia’s economy each year

  • White House says India’s Russian oil purchases are funding the war in Ukraine

  • China’s stock index closes at highest level in a decade

  • China shrugs off weak economy central bank says no rate cuts