July 30, 2023

Russia’s decision to withdraw from a deal allowing Ukrainian grain to be exported globally is a high-stakes gamble by President Vladimir Putin that risks straining diplomatic relations with two of Russia’s influential partners, China and Turkey. By choking off Ukraine’s massive grain exports, Russia aims to further cripple its adversary’s economy while potentially boosting its

The Fed and the European Central Bank have both raised their key rates by 0.25% this week, and on Friday, the Bank of Japan revealed greater flexibility in its yield control policy that could result in market rates rising, but not its key policy rate, which remains at -0.1%. Japan’s central bank pledged on Friday

Qantas has fired back at Sydney Airport’s claims of “slot hoarding,” stating that the airport is primarily interested in increasing its own revenue. The airport’s CEO, Geoff Culbert, has accused Qantas and Virgin Australia of holding onto more slots than necessary to prevent competitors like Bonza and Rex from gaining access. Slots are time windows

Pilbara Minerals (ASX:PLS) has managed to overcome uncertainties surrounding the impact of the 2022-2023 lithium price slide. The company’s June quarter and full-year production report revealed that fears of significant damage were unfounded, as it experienced only a minor drop in revenues due to lower prices. Demand for Pilbara’s key lithium product remains steady, and

Stocks rose Friday with the Dow Jones Industrial Average and S&P 500 closing out their third winning weeks in a row as a measure of inflation closely watched by the Federal Reserve came in at its lowest in nearly two years. The Dow jumped 176.57 points, or 0.50per cent, to 35,459.29. The S&P 500 added