Argentina’s ability, under right-wing governments, to draw record levels of dollar support from the “international community” never fails to surprise. This pattern has only become more pronounced in recent years. But what is more surprising is that, despite evidence that…
The Indian rupee losing its value against the US dollar should normally not draw undue attention as it has been a long-term trend. But three factors have contributed to concerns about the recent and ongoing descent of the rupee vis-a-vis…
Developed country bond markets are behaving oddly. Government bond prices are falling because holders are leaning towards offloading the debt instruments, and new buyers are more circumspect. Given that government bonds promise to make payments that are a fixed proportion…
When US President Donald Trump announced in early August that imports from India to the US would be taxed at the rate of 25 per cent (with few exceptions), many were taken by surprise. Given the bonhomie on display between…
There is nothing definitive about policy under US President Donald Trump. With the deadline for accepting his trade demands having passed, a revised set of tariffs has been announced, lower than the originally threatened hikes of up to 49 per…
July brought into the open one more alleged scandal in India’s financial markets. While speculation around the actions that constitute the “scandal” has been rife for some time, the story went viral when India’s market regulator, the Securities and Exchange…
Developments that have occurred in quick succession have crushed the successful efforts made in recent years to increase global cooperation aimed at raising tax revenues to take on a host of global challenges. Late in June, the non-US six (Canada,…
For the second time across two terms, US President Donald Trump has walked out of a G7 summit the grouping of dominant countries in the capitalist world. The last time, it was in a fit of pique; this time, it…
India’s banking sector appears poised for a structural shift, entering a new era after one defined by the rise of “new” private banks such as Global Trust Bank and Yes Bank. In what could prove to be a new milestone,…
This April marked the 70th anniversary of the Bandung Conference held in Indonesia that brought together high-level representatives from 29 countries, most of which had won independence from colonial rule riding the wave of decolonisation that accompanied the onset and…
