America’s job market saw an unexpected decline in February. Nonfarm payrolls dropped, and the unemployment rate climbed to 4.4 percent. This development presents a challenge for the Federal Reserve. Factors like a healthcare worker strike and severe weather impacted job numbers. Economists are watching closely as rising oil prices and trade policy uncertainties add to...Read More

Middle Eastern heavy crude production cuts, triggered by the Iran conflict and Strait of Hormuz disruptions, are sending U.S. Gulf Coast heavy grades soaring. Mars sour crude hit its highest premium to WTI since April 2020, with Asian buyers scrambling for alternatives. This surge, coupled with seasonal demand increases, is driving prices higher.Read More

Global businesses face turmoil as the U.S.-Israeli conflict with Iran escalates. Energy prices are surging, impacting supply chains for everything from food to car parts. Critical shipping and air routes through the Middle East are disrupted. Companies are grappling with increased costs and potential inflation.Read More

U.S. Treasury Secretary Scott Bessent indicated that more sanctions on Russian oil could be lifted, following a recent 30-day waiver that permits Russian crude stranded at sea to be sold to India. Bessent shared these remarks during an interview with Fox Business network.Read More

The Reserve Bank of India will purchase bonds worth one lakh crore rupees next week. This move aims to inject funds into the banking system. These purchases will help offset expected outflows from advance tax payments. Banking liquidity is currently robust. However, banks may be hesitant to sell government bonds due to low liquidity coverage...Read More

A week after a major disruption to global energy markets, oil prices remain below past crisis peaks but are rising fast as the conflict in the Gulf halts ship traffic through the Strait of Hormuz. Brent crude has crossed $90 a barrel, gaining more than 25% this week.Read More

The Indian rupee faces pressure and may fall below 92 against the US dollar. A prolonged conflict between the US, Israel, and Iran could drive up oil prices. This rise in oil costs is expected to affect India’s fiscal deficit and inflation. Economists predict a potential impact on India’s GDP due to higher crude prices.Read More

Vedanta Ltd is set to raise approximately ₹3,000 crore through a domestic bond issuance early next week to refinance upcoming obligations and bolster liquidity. The three-year and five-year non-convertible debentures are expected to offer coupons around 8.75% and 9% respectively.Read More

The Securities Appellate Tribunal has upheld market regulator Sebi’s penalties against Kotak Mahindra Asset Management Company. This ruling concerns investments made by its fixed maturity plans in Essel Group-linked entities. The tribunal found Kotak AMC failed to exercise due diligence and violated mutual fund rules.Read More

India’s foreign exchange reserves surged to a record $728.5 billion in the week ending February 27, boosted significantly by a $4 billion increase in gold reserves. Foreign currency assets and SDRs also contributed to the rise, despite the rupee facing pressure from forward contract maturities.Read More