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HISTORICAL FACTS: 7 - The Untold Story

Thomas Massie Loses, Proving That Deficit Hawks and Foreign Policy Doves Aren't Welcome in Trump's GOP

If this is how the Republican Party treats the libertarian-leaning lawmakers in its midst, then libertarians should take note and act accordingly.

Reason

Speculation Brazil Will Curb Sugar Output Pushes Prices Higher

July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.28 (+1.90%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +4.50 (+1.03%). Sugar prices moved higher on Tuesday as Brazil's decision to announce new fuel subsidies to cushion the impact of soaring gasoline and diesel prices...

Barchart

Sugar Prices Climb on Speculation Brazil Will Curb Sugar Output

July NY world sugar #11 (SBN26 ) today is up +0.37 (+2.51%), and Aug London ICE white sugar #5 (SWQ26 ) is up +9.00 (+2.06%). Sugar prices are climbing today as Brazil's decision to announce new fuel subsidies to cushion the impact on gasoline and diesel prices from the Iran...

Barchart

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Downside risks to economy have begun materializing as continued West Asia conflict casts shadow over India's trade outlook: Crisil

The escalating conflict in West Asia is emerging as a major risk for India’s economy, threatening trade flows, increasing import costs, and putting pressure on growth. Higher crude oil and transportation expenses are expected to widen India’s current account deficit and push inflation upward as businesses pass on rising costs…

The Economic Times

The $138 bn buffer: India’s most visible export can rescue the rupee

India is considering a policy push to accelerate overseas deployment of skilled workers as part of a broader strategy to support the rupee and strengthen remittance inflows amid rising external pressures, including a widening current account deficit and higher oil prices. According to the report, the Ministry of External Affairs…

The Economic Times

Rupee plunges for eighth straight session, breaches 96.60 vs USD on rising crude, US yields

The Indian rupee has reached a historic low against the US dollar. This decline is driven by escalating oil prices due to the Iran conflict and higher US Treasury yields. India's trade deficit is widening, and inflation is accelerating. The nation faces challenges in lowering its current account deficit and…

The Economic Times

India’s rising oil imports push trade deficit into risky territory: Crisil

India’s oil trade deficit is expected to widen significantly in FY27 due to rising crude oil prices and weakening petroleum exports, according to a report by Crisil. The report warned that India’s heavy dependence on imported crude could put added pressure on the country’s external finances, with the current account…

The Economic Times

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Rupee finds some footing on dollar offers from state-run, foreign banks

The Indian rupee edged higher on Tuesday, recovering from an early dip near an all-time low. Dollar offers from state-run lenders and foreign banks provided support, with traders suspecting central bank intervention. The rupee faces ongoing pressure from a widening trade deficit, subdued capital inflows, and rising oil prices.

The Economic Times

India's shock absorbers are not working

India's external sector faces unprecedented pressure. Shock absorbers that previously aided recovery have weakened simultaneously. This includes shifts in Yen funding, AI's impact on EM allocation, and reversing passive globalisation. Stable trade architecture is fragmenting, and secure Gulf energy flows are challenged. India's reliance on financing deficits, not eliminating causes,…

The Economic Times

Forecasts for Record Global Sugar Production Weigh on Prices

July NY world sugar #11 (SBN26 ) on Monday closed down -0.07 (-0.47%), and Aug London ICE white sugar #5 (SWQ26 ) closed down -2.00 (-0.46%). Sugar prices fell to 1-week lows on Monday and settled lower after the International Sugar Organization (ISO) forecast a record global sugar crop for...

Barchart

Sugar Prices Slide as ISO Projects a Record Global Crop

July NY world sugar #11 (SBN26 ) today is down -0.06 (-0.41%), and Aug London ICE white sugar #5 (SWQ26 ) is down -3.40 (-0.78%). Sugar prices fell to 1-week lows today after the International Sugar Organization (ISO) forecast a record global sugar crop for the 2025/26 season and raised...

Barchart

Current account deficit to widen to 2.3 per cent of GDP in FY27 from 0.9 pc in FY26: Report

India's current account deficit is expected to rise to 2.3 percent of GDP in FY27 from 0.9 percent in FY26. This widening deficit could strain foreign exchange reserves. Experts suggest policy changes like increasing fuel prices and operationalizing trade deals to boost inflows. Attracting sustainable capital is crucial for India's…

The Economic Times

IMF urges UK to ‘stay the course’ on borrowing amid Starmer uncertainty

Washington-based fund praises Rachel Reeves for aiming to cut budget deficit as it upgrades growth forecasts

The Guardian - UK

Surging global bond yields, elevated oil deepen rupee's slide to record lows

Elevated energy prices and weak capital flows have left India staring at a third consecutive fiscal year of a deficit in its balance of payments (BoP), straining the rupee. Economists at HSBC have forecast a ⁠BoP deficit ‌of around $65 billion in the fiscal year ending April 2027.

The Economic Times

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The Economic Times

World imbalances trouble G-7 in wake of Trump’s China encounter

Global finance ministers convene in Paris to address lopsided world growth, focusing on structural misalignments after the US-China trade summit. France aims to tackle America's deficits, Europe's low investment, and China's trade surplus. Economists warn of systemic crisis without concerted re-balancing efforts.

The Economic Times

India's trade deficit pressures could persist through 2026 as electronics imports surge, export outlook stays fragile

Indias trade deficit faces pressure in coming months. Elevated crude prices and supply disruptions impact exports. A potential global demand slowdown adds to concerns. Rupee depreciation may offer some support. A recent hike in bullion import duty could provide near-term relief to the deficit. Electronics deficit reached an all-time high.

The Economic Times

Despite having PMOS, woman shares how these 7 habits helped her lose 22 kg naturally and go from 80 kg to 58 kg

Tanisha Chadha lost 22 kg naturally by focusing on consistent basics for PMOS. She maintained a small calorie deficit and increased protein intake to manage cravings. Strength training and daily movement were key. Fixed meal timings, better sleep, and stress reduction also played vital roles. Her approach emphasizes consistency over…

The Economic Times

Govt imposes import curbs on silver amid push to tighten precious metals inflows

New government restrictions target silver imports. The Centre is also tightening rules for duty-free gold imports by jewellery exporters. These measures aim to control precious metal inflows and manage the nation's trade deficit. Stricter compliance and reporting are now in place for gold imports. These changes follow a significant rise…

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The Economic Times

Rising oil prices, gold imports to widen trade deficit, CAD may touch 1.5-2% of GDP: ICICI Securities

With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account deficit could rise meaningfully this year, ICICI Bank Global Markets warns. While resilient services exports should offer some cushion, the brokerage expects the current account deficit (CAD) to settle between 1.5-2…

The Economic Times

India's exports to China rise 27 pc in Apr; imports up 20.85 pc

India's trade with China saw significant growth in April. Exports to China surged by 27 percent, while imports increased by over 20 percent. This has led to a wider trade deficit with Beijing. China has now become India's largest trading partner. Meanwhile, trade with the US also saw changes. Other…

The Economic Times

India's BRICS trade surges to $416 billion, but widening deficit raises policy imperative ahead of 2026 Summit

India's trade with BRICS nations shows strong growth. However, a widening trade deficit is a major concern. Imports from BRICS are rising faster than exports. Russia is a key import source. India aims to balance import dependencies and boost outbound shipments. The expanded BRICS bloc holds significant global influence.

The Economic Times

Gold imports jump 82 pc to USD 5.62 bn in April; silver by 157 pc

India saw a significant jump in gold imports in April, reaching USD 5.62 billion. This surge was driven by high prices. However, the government has sharply increased customs duty on gold and silver. This move is expected to lead to lower import volumes in the coming months. Silver imports also…

The Conversation

Would a $1 rideshare fee affect wealthier or working-class Philadelphians more? 2 Chicago studies offer some perspective

Philadelphia Mayor Cherelle Parker has proposed a US$1 fee on all Uber, Lyft and other rideshare trips in the city to begin in 2027. The projected $48 million annual revenue would go entirely to support the chronically underfunded Philadelphia school district, which faces a $300 million budget deficit.

The Economic Times

India’s trade deficit widens to $28.38 billion in April as imports surge amid Gulf conflict

India's trade deficit grew to $28.38 billion in April. This increase exceeded market expectations. The Middle East conflict disrupted shipments and raised energy costs. This impacted India's import bill significantly. Exports rose to $43.56 billion. Imports climbed to $71.94 billion. Services trade offered some relief. The rupee faced pressure. Government…

The Independent UK

Newsom outlines his final budget proposal with no deficit, new major spending

California Gov. Gavin Newsom unveiled his final budget proposal Thursday

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