Federal Bank plans to raise $500 million through a five-year dollar bond sale, according to bankers who requested anonymity because they lack authorization to speak with the media. The capital-raising effort follows a board approval on Friday for foreign-currency-denominated bonds issued through the International Financial Services Centre Banking Unit located in GIFT City. Federal Bank … Read more
Indonesian President Prabowo Subianto is set to present his 2027 budget proposals this Friday, a move viewed as a critical test of his administration’s economic credibility. The president faces significant investor skepticism and declining public support amid concerns over government overspending, the independence of the central bank, and the future of state-led commodity export policies. … Read more
Wall Street indexes rose on Wednesday, driven by the Nasdaq outperforming its peers as upbeat earnings from artificial intelligence infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced market bets that the U.S. Federal Reserve will hold interest rates steady, according to Reuters reporting. AI Infrastructure Earnings Drive Nasdaq Gains The Nasdaq Composite … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more
Myanmar junta chief and President Min Aung Hlaing received an official welcoming ceremony in Bangkok, Thailand, on August 6, 2026, as Thailand pursues calibrated re-engagement to restart stalled peace efforts in its neighbor’s ongoing civil war. According to Reuters reporting, the retired general walked a red carpet with Thai Prime Minister Anutin Charnvirakul to inspect … Read more
A routine dealership oil change took an unexpected turn when a TikTok user documented waiting 90 minutes while technicians left their bays to grab treats from an ice cream truck, according to a viral video posted by user Brielle (@bonderosa). The customer, who brought her recently purchased Honda to a dealership to redeem a complimentary … Read more
Spain will establish border controls for flights and ships arriving from Italy starting at midnight on Saturday until September 7, according to a government announcement on Friday. The temporary measures respond to persistent irregular migratory pressure and mirror restrictions implemented by Rome following a mass migration event in late July, when 72,000 people crossed into … Read more
Canada’s labor market added 75,100 net jobs in July, far surpassing a Reuters poll forecast of 16,500 and driving the national unemployment rate down to a two-year low of 6.4%, according to data released by Statistics Canada. The robust employment gains, driven by increases in both full-time and part-time work, offer fresh evidence that the … Read more
Asian stock markets are showing cautious gains as investors react to a global rally, while oil prices remain near the lowest levels in weeks amid a stalemate in U.S.-Iran tensions. Regional indices are responding to strong U.S. manufacturing figures that pushed the Dow Jones Industrial Average to a record close, even as markets weigh the … Read more
Spot gold rose 0.6% to $4,063.35 per ounce as oil prices fell following U.S. President Donald Trump holding off on fresh attacks on Iran, slightly easing concerns over inflation and higher interest rates, according to market data reported by Reuters. U.S. gold futures edged 0.1% higher to $4,053.70, while broader precious metals saw gains alongside … Read more