CENTRAL AMERICA
India sees its future with America, America sees its future with India: US envoy
US envoy Eric Garcetti, at a USI defence conclave, stressed stronger India-US ties post-PM Modi's US visit. Emphasizing technology, climate, and military cooperation to counter global conflicts and security threats, he highlighted the importance of sovereign borders, describing America-India relations as crucial for maintaining global peace and halting aggressive war machines.
Darwin Nunez, Uruguay players brawl in stands with fans after Copa loss
Liverpool star Darwin Nunez and Uruguay players clashed with Colombian fans after their 1-0 Copa America semi-final loss, escalating into a brawl at Charlotte's Bank of America Stadium. Concerned for their families' safety, players intervened in the stands. CONMEBOL condemned the violence, emphasizing football's unifying values.
Gregg Berhalter fired as U.S. men's soccer coach after Copa America first-round exit
Gregg Berhalter was fired from his role as U.S. men's soccer coach after only 10 months into his second stint, following doubts raised by the team's disappointing first-round exit from the Copa America. Berhalter took full responsibility for the performance and expressed confidence in the team's potential for the 2026 World Cup. The search for a new coach is underway, with several high-profile candidates being considered.
Climate Change: Emerging variable in monetary policy
The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.
Euro slips, but off lows as France faces hung parliament
The euro weakened as France faces political uncertainty, while the dollar strengthened on U.S. payrolls data. Traders eye Fed Chairman's comments for rate cut signals. Japanese wage growth prompts speculation of BOJ interest rate hike. Sterling remains stable post UK election. Bitcoin dips in cryptocurrency market.
Uruguay beat Brazil on penalties to reach Copa America semi-finals
Uruguay, who finished the game with ten men after Nahitan Nandez was sent off in the 74th minute, will face Colombia in Charlotte, North Carolina, in their semi-final on Wednesday. Colombia beat Panama 5-0 in Saturday's other quarter-final earli
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Martinez saves Messi blushes as Argentina beat Ecuador to reach Copa semis
Emiliano Martinez saved two penalties as Argentina triumphed over Ecuador in a shoot-out to reach the Copa America semi-finals. Lisandro Martinez scored, Kevin Rodriguez equalized; Messi missed his penalty. Argentina won 4-2 at NRG Stadium, Houston, and will face Venezuela or Canada next. Contributions came from Enzo Fernandez, Rodrigo De Paul, and Alexis Mac Allister.
Migrant fans breathe life into Copa America
For only the second time in history, South America's continental championship is being held at venues across the United States this year, offering a taste of what North America can expect when the 2026 World Cup is staged in the region in two years' time. Gleaming, state-of-the-art stadia mostly used to the violent, bone-crunching collisions of the NFL, are instead pulsing to the rhythms of the beautiful game, with migrant fans an integral part of the spectacle.
US battling for Copa survival after Panama upset
A moment of madness from Timothy Weah left the USA's Copa America campaign hanging by a thread on Thursday as the hosts crashed to a shock 2-1 defeat to Panama. We know what we signed up for and playing in a Copa America, we knew it was going to be a fight," US midfielder Tyler Adams said afterwards.
Has America’s banking information been compromised? What is this ransomware group’s demand?
A ransomware group named ‘LockBit’ is claiming to have hacked into the servers of the US Federal Reserve and stolen ‘sensitive’ banking information. They claim to be negotiating with the Central Bank and have threatened to release the information if their demands aren’t met by Tuesday.
Copa America 2024 live USA vs Bolivia: Prediction, where to watch USMNT's first match
USMNT vs Bolivia Copa America 2024 match will be played on Sunday. Live streaming of USA and Bolivia's game will be live streamed.
2024 Copa America: Today’s fixtures, how to watch live on TV and streaming
The 2024 Copa America has begun and after a thrilling match on Thursday, featuring Lionel Messi, all eyes are on the South American rivals today. Here’s how you can watch the action live.
Is climate change leading to frequent and high intensity heat waves in North America?
A study by a group of scientists have found that climate change caused by anthropogenic factors has caused an increase in the number of high intensity heat waves in North America. This serves as an early warning for all the stakeholders to tackle the issue of increased emissions.
T20 World Cup: Cricket fever in the US is low-grade at best
Cricket, the world's second most popular sport, is making a play for America's attention with the International Cricket Council Men's T20 World Cup, held on American soil for the first time. Despite the in-person crowds, few American sports fans are paying attention to the sport. Cricket has been played in America since the early 18th century, but its gentlemanly pace and association with foreign powers have hindered its growth.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
India’s climate dilemma will hang over Modi’s next five years
Modi, who has cast himself as climate champion for much of the past decade, will be under pressure to make faster progress toward existing green targets, including pledges to hit net zero by 2070, install a mammoth 500 gigawatts of non-fossil energy by the end of the decade, and corral a global alliance on solar power that aims to secure $1 trillion in investment.
US Fed likely to remain on pause and pare back rate cut expectations
The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data. But with the data still painting a mixed picture, he is unlikely to rock the boat too much this week, according to Oxford Economics chief US economist Ryan Sweet.
How a small crack in a pipeline gave a big jolt to Europe’s gas market
Repair efforts are ongoing for a pipeline on a Norwegian gas platform, highlighting the potential for even minor outages to impact European prices. The Sleipner platform, crucial to Europe’s gas network, faces repairs for a small pipeline crack. The incident underscores Norway’s significant role in European energy security.
'We expect rupee to be the best-performing Asian currency in 2024'
India remains a top choice for global investors despite recent outflows, with a positive outlook for the Indian rupee and potential Fed rate cuts impacting the US dollar's performance.
RBI to face problem of plenty: Prepare for bond sales
The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.
Investor flows into corporate bonds on longest streak since 2019, says BofA
Global investors poured $3.6 billion into investment grade corporate bond funds in the week to Wednesday, Bank of America said on Friday, in the 31st straight week of inflows, the longest streak since 2019.
Oil prices steady as investors await inflation data, OPEC+ meeting
Oil prices stable in Asian trading as investors await U.S. inflation data and OPEC+ meeting outcomes on June 2. Brent crude July and August contracts, along with U.S. WTI crude futures, show minor fluctuations.
Oil rises over $1 a barrel ahead of inflation data after downbeat week
As of 12:10 p.m. ET (1610 GMT), the Brent crude July contract increased by 99 cents, reaching $83.11 per barrel. The more actively traded August contract rose by $1.08 to $82.92. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $1.06, reaching $78.77 per barrel.
Charting the Global Economy: New policies considered to be trade-restrictive hit a record in 2023
The world’s three dominant economies are entering a new, combative phase as the US increasingly uses trade weapons borrowed from China’s playbook.
Oil set for weekly loss as markets worry about demand
Oil prices rose on concerns of high interest rates impacting fuel demand. Federal Reserve's interest rate policy, US crude oil inventories, and statements from Fed Chair Jerome Powell influenced market sentiment. Analysts anticipate market shifts as OPEC+ considers extending production cuts and reports emerge of oil overproduction by Russia.
Gold loses momentum on ebbing rate cut speculation
Gold prices rose on Friday as the dollar slipped, but were heading for their worst week in five and a half months due to hopes of U.S. central bank interest rate cuts affecting Western investors' interest. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%.
Oil edges higher after inflation gloom hit prices
Oil prices crept higher on Friday, having been under pressure from lingering concerns that sticky inflation could prolong higher interest rates and curb fuel demand.
Gold hovers below record peak ahead of inflation data, Fed minutes
Spot gold was down 0.2% at $2,348.49 per ounce, as of 0107 GMT, after hitting a record high of $2,365.09 on Tuesday.
FTAs and new markets will increase India's export to USD 1 trillion by 2030
With these new initiatives, India has seen a surprising surge in exports of precious metals, minerals, automobiles, electronics, pharmaceuticals, organic chemicals, textiles, spices and defence equipment.
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