Meta, Microsoft, Amazon and Alphabet to spend $5.3 trillion by 2030 The combined capital expenditure from Meta, Microsoft, Amazon and Alphabet is expected to reach $5.3 trillion by 2030. This amount surpasses the GDP of Japan, the UK, India and France. Tota
Move aims to boost foreign inflows into government securities amid $28 billion equity outflows this year. India will eliminate capital gains tax on foreign portfolio investments in government bonds to attract more overseas funds. The decision, approved at a Cabinet meeting
Kuwait could restore 70% of oil output within 6-8 weeks Kuwait aims to recover 70% of its oil output within 6-8 weeks of the Strait of Hormuz reopening. The country's refining capacity of 1.4 million barrels per day could return to normal within 2-3 weeks.
The pair rises above 1.3900 amid slowing Canadian growth and rising odds of a 2026 Fed hike. The USD/CAD pair extended gains to a two-month high near 1.3900 during Thursday’s Asian session, driven by widening monetary policy divergence between the US Federal Reserve and th
Australia’s Q1 2026 GDP growth of 0.3% signals cooling momentum, with CBA forecasting further deceleration by year-end. Australia’s economy expanded 0.3% in Q1 2026, matching annual growth of 2.5%, driven by household spending and data centre investment. The result aligns
Leveraged crypto positions totaling $1.5 billion were wiped out in 24 hours as bitcoin fell below $62,000 amid ETF outflows. Bitcoin dropped below $62,000 in Asian trading, triggering $1.5 billion in crypto liquidations over the past day. More than $800 million in bitcoin
Options traders are hedging against further declines after bitcoin’s drop sparks record demand for protective puts at $50,000. Bitcoin fell to $62,000 as a sharp selloff triggered liquidations and a surge in bearish options activity. The $50,000 put expiring June 26 became
Australia’s trade balance returned to surplus, lifting the Australian dollar against the USD ahead of US jobs data. The AUD/USD pair climbed to 0.7135 in early Asian trading on Thursday after Australia’s trade balance shifted back into surplus. The move followed the releas
GBP/USD pair trades above 1.3400 mark The GBP/USD pair has attracted dip-buyers, sponsored by a softer US Dollar. The uptick is limited by persistent geopolitical uncertainties. Renewed hostilities in the Gulf and a lack of progress in US-Iran diplomatic ne
Australia’s trade balance data provides modest support for the AUD, lifting the pair slightly from earlier losses. The Australian Dollar edged higher against the Japanese Yen, with AUD/JPY trading near 114.10 in Asian hours after paring earlier losses. The move follows the
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