What's happening: US and India near interim trade pact ahead of April signing
India and the United States are moving toward an interim trade agreement expected to be signed in April, with negotiators meeting in Washington from Feb 23 to finalize the legal text, aiming to lower selected tariffs, boost energy trade and broaden economic cooperation.
Also developing:

Japan's prime minister has pledged to break away from excessive austerity and boost investment, while seeking to reassure markets over her big-spending plans. Sanae Takaichi was addressing parliament, where she also showed she remains firm in her opposition to China's alleged aggression in the region. CNA’s Senior Correspondent Michiyo Ishida has more.

UK retail sales begin the year with the fastest growth in 20 months https://t.co/GPGNaZk4Oa via @irinaanghel12 https://t.co/kAm5UcAWvQ

Sky News has been granted rare and exclusive access to the Bank of England's gold vault in London. It's the second largest gold reserves in the world, with around 400,000 bars now worth close to £600 billion. The vast majority...

The S&P/ASX 200 gave back some gains after climbing to record highs earlier this week. On Friday, the index shed 0.05% to 9,081.40 points. But over the course of the week, the index rose 1.8%. In the US, investors...

The Close highlighted a sharp equity sell‑off on Feb 19, 2026 as Brent crude surged to its highest level since July amid escalating U.S.–Iran tensions. The S&P 500 slipped about 0.6% and the Nasdaq 100 fell roughly 0.7%, while the VIX nudged back...

The Federal Reserve’s January FOMC minutes confirm that inflation remains entrenched in the United States, contrary to earlier optimism. Core consumer‑price index rose 0.3% month‑over‑month, keeping annual inflation above the Fed’s 2% target. The minutes show policymakers acknowledging persistent price...

The U.S. economy grew at a 1.4% annualized rate in the fourth quarter of 2025, roughly half of analysts' expectations. This marks a sharp deceleration from the 4.4% surge recorded in the preceding quarter and is the slowest expansion since...

Jim Cramer highlighted ten market catalysts for Friday, Feb 20, ranging from macro data to individual stocks. Weak Q4 GDP growth at 1.4% pushed futures lower, while Texas Roadhouse rallied over 3% on a strong Q1 outlook. GE Aerospace received a...

The European Central Bank’s latest focus piece finds euro‑area property investment has likely bottomed out in late 2024, with a brief, modest rebound in early 2025 that quickly faded. After a sharp decline that began in 2022, housing investment remains about 7 %...

The episode reviews a recent rally in gold and silver prices, noting modest gains in Europe and unusually low trading volumes on the U.S. Comex market due to a holiday. It highlights the scant speculative interest and low open interest...
Western Asset Diversified Income Fund (WDI) trades at a 3.04% discount to NAV and offers a 12.41% yield, positioning it as a high‑yield income vehicle. The fund’s portfolio is heavily weighted toward high‑yield corporate bonds and a sizable floating‑rate component,...
Brazil’s foreign trade committee approved five‑year anti‑dumping duties on a wide range of Chinese steel products after a 2024 investigation revealed pricing below market levels. The duties range from US$323 to US$670 per ton for cold‑rolled coil and US$285 to...

The Worldpanel by Numerator report projects Philippine FMCG spending to grow only 3‑4% in 2026, a sharp deceleration from last year’s 5.2% rise. The slowdown reflects weaker GDP growth, now seen at 5.3% versus an earlier 6% estimate, and higher...
India and the United States are moving toward an interim trade agreement that is expected to be signed in April, Union Commerce Minister Piyush Goyal announced. Negotiators will convene in Washington from Feb 23 to finalize the legal text, converting a...

Investors face heightened global volatility in 2026 as leading central banks diverge—while the Fed and BoE continue rate cuts, the ECB sits near neutral and the BoJ tightens. Geopolitical flashpoints around the United States add safe‑haven demand, further weakening the...

Danang’s 2045 master plan re‑imagines the city as a megacity and international financial centre, integrating coastal, mountainous and border zones. The Danang International Financial Centre (IFC) began operations in early 2026, focusing on digital finance, asset tokenisation and green‑finance solutions....

Ireland’s central bank warned that the country must deepen economic resilience as it enters 2026, despite current strength. Governor Gabriel Makhlouf and Deputy Governor Vasileios Madouros outlined five domestic priorities, including targeted infrastructure, stronger indigenous businesses, fiscal buffers, household market...

Apollo Global Management’s CEO Marc Rowan told Nikkei that Japan’s corporate finance market is becoming more dynamic than London’s, prompting Apollo to expand its private‑credit platform in the country. He highlighted the need for long‑dated funding to support infrastructure, energy...
2025 saw Southeast Asia split between export‑driven growth and contraction. Vietnam and Singapore recorded strong export gains despite U.S. tariff volatility, while the Philippines and Thailand were battered by severe weather events and political instability, dragging their economies down. The...

Beyond today's stock movers, Marley Kayden and Sam Vadas turn to the broader market perspective by discussing the narrowing trade deficit and the continuing rotation out of tech. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe...

U.S. trade data released this week showed the annual deficit expanding to $901 billion, the widest gap since the early 1960s. After a brief narrowing in the first half of last year, imports surged in the second half, pushing the balance...

Bloomberg Businessweek Daily highlighted two contrasting stories on Thursday, February 19: Figma’s AI‑driven growth trajectory and Blue Owl Capital’s liquidity curtailment in a private‑credit fund. The market backdrop featured modest equity declines, a VIX edging toward 21, and oil prices...

The closing bell showed U.S. equities slipping as oil prices spiked on renewed U.S.–Iran tensions. The S&P 500 and Nasdaq each fell roughly 0.3%, while the Russell 2000 managed a modest gain, underscoring the market’s mixed reaction to geopolitical risk. Energy‑related concerns lifted...

The video dissects three buzz‑words—reshoring, nearshoring and friendshoring—used to describe how companies are rethinking global production. While reshoring suggests bringing manufacturing back to the United States, the speaker argues the term is misleading because many low‑cost assembly lines, especially in...

Most U.S. investors are still heavily concentrated in the same exposures: the classic 60/40 portfolio, U.S. large-cap growth, and The Hoodie's latest crypto disaster. But while those portfolios have been getting hit, our country-level allocations have been smoking the consensus exposures...
XED, a Mumbai‑based global executive education firm, has filed its Red Herring Prospectus with the Registrar of Companies, marking the first IPO in GIFT City’s International Financial Services Centre. The dollar‑denominated offering is slated to open for subscription in the...

Macquarie Asset Management announced it will acquire Qube Holdings, Australia's largest integrated ports and logistics provider, in a cash transaction valuing Qube at approximately A$11.7 billion (US$8.3 billion). The deal, disclosed on February 17, 2026, represents a 28% premium to Qube's November...

Philippine restaurant giant Jollibee Foods announced on Monday that it will acquire South Korean hot‑pot chain All Day Fresh, its latest overseas expansion ahead of a planned U.S. IPO of its international operations in 2027. The financial terms of the...

German carrier Hapag‑Lloyd announced a $4 bn agreement to acquire 100 % of New York‑listed Israeli carrier Zim Integrated Shipping Services, pending shareholder and regulatory approval. The combined fleet will exceed 400 vessels with a capacity of over 3 m TEU, and the deal includes...
Japan announced a new $10 billion yen‑denominated loan package for Vietnam to fund the construction of rail lines and a gas power plant. The sovereign loan aims to bolster Vietnam’s infrastructure development and deepen bilateral ties. The agreement was disclosed on...

Australian listed miner Cobre Limited announced it will acquire a 51% stake in the Sierra Atacama copper project in Chile, previously linked to Chilean businessman Martín Borda via Minera Salar Blanco. The deal gives Cobre Limited majority ownership of the...

A consortium of six Indian entities signed an MoU to launch Bharat Container Shipping Line (BCSL), each taking equity stakes ranging from 5% to 30%. The new carrier will order 15 container ships and aims to operate 51 vessels within...

On 11 February 2026, Burkina Faso raised 65.999bn FCFA through a simultaneous auction of Treasury bills and bonds of 364 days, 3, 5 and 7 years, in partnership with UMOA-Titres. The auction attracted 148.099bn FCFA in bids, achieving a coverage...