Asia’s worst-performing currency is set for a rocky start to 2026
The Indian rupee is expected to touch 92 against the dollar by end-March 2026 amid trade policy uncertainty and capital outflows.
Financial News
China keeps benchmark lending rates steady for a seventh straight month despite weak economic data
The People’s Bank of China kept its 1-year and 5-year loan prime rates unchanged at 3% and 3.5% respectively, holding them for a seventh straight meeting.
Google was at risk of losing its dominance — until it promoted this AI executive
Josh Woodward, a 16-year Google veteran, is tasked with running the Gemini app and going head-to-head with OpenAI in the booming generative AI market.
European Union approves over $105 billion toward Ukraine aid package for next two years
European Union countries have agreed to allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027, the EU Council President said on Friday.
The world’s first carbon border tax will soon go live — shaking up global trade
The European Union is poised to fully implement its carbon border tax from Jan. 1.
Trump says Murdochs are potential TikTok deal partners
President Donald Trump also said that Larry Ellison and Michael Dell are also likely to be involved in the TikTok deal.
Asia markets set to open lower as investors watch U.S.-China talks in Spain
U.S. and Chinese officials began talks in Madrid Sunday to discuss key national security, economic, and trade issues.
Treasury Secretary Bessent warns of massive refunds if the Supreme Court voids Trump tariffs
Bessent has warned that a delayed ruling “could result in a scenario in which $750 billion-$1 trillion in tariffs have already been collected.”
Trump calls India-U.S. trade relationship ‘a totally one sided disaster’ after Modi visits China
This comes against the backdrop of the U.S. imposing 50% tariffs on the country, including secondary duties of 25% last month for purchasing Russian oil.
Asia markets set to open mostly lower as investors assess U.S. court ruling on Trump tariffs
Investors will also be assessing the developments in India and China relations, after leaders from both countries agreed that they are development partners, not rivals.