Indonesia and India intervened on Friday to prop up their currencies, which are being pressured by an energy price spike. Despite the sales of foreign currencies by the authorities, Indonesia’s rupiah fell 0.5% to the dollar. The Indian rupee gained 0.7% on Friday, snapping two days of losses. Both currencies have weakened this year as their economies grapple with higher oil prices caused by the U...
Indonesia and India intervened on Friday to prop up their currencies, which are being pressured by an energy price spike. Despite the sales of foreign currencies by the authorities, Indonesia’s rupiah fell 0.5% to the dollar. The Indian rupee gained 0.7% on Friday, snapping two days of losses. Both currencies have weakened this year as their economies grapple with higher oil prices caused by the US-led war in Iran. The rupiah is down 7% against the dollar this year, the most among emerging-market peers. The rupee has dropped 5.7%. Bank Indonesia said in a statement on Friday that it remains committed to maintaining the stability of the rupiah “around the world, around the clock” via interventions in the spot currency market, in non-deliverable forwards as well as purchases of government bonds. The central bank will “maintain a market presence by taking necessary, consistent and measured steps to maintain rupiah stability and support the external resilience of the Indonesian economy,” it said. The rupiah hit a record-low on Friday, catching up with other markets at the end of a holiday-shortened work week in Indonesia. The Reserve Bank of India, meanwhile, sold dollars in offshore and onshore markets to support the rupee, traders familiar with the matter said. Over the past days, the RBI has been stepping in to support the rupee, which fell to a record low last week. A spokesperson for the RBI didn’t immediately respond to an email seeking comment. The central banks in Asia’s two biggest developing economies following China have ramped up currency interventions as the three-month war in the Middle East chokes off a key global supply route for crude oil, hoisting energy costs, which negatively impact their economies and budgets. Bank Indonesia Surprises With a Half-Point Hike to Defend Rupiah Outstanding BI Bills Jump as Indonesia Central Bank Woos Inflows Here’s a Look at India’s Measures to Stem Hit From Oil Shock
Between April 2025 and April 2026, consumer inflation rose by 3.81%. That can be a scary statistic, especially if you're nearing retirement or already retired. Everything, from paying for groceries to protecting your retirement savings, becomes a challenge as higher prices eat away at your income. While there's not a lot the average American can do to prevent inflation, there are moves that can sa...
Between April 2025 and April 2026, consumer inflation rose by 3.81%. That can be a scary statistic, especially if you're nearing retirement or already retired. Everything, from paying for groceries to protecting your retirement savings, becomes a challenge as higher prices eat away at your income. While there's not a lot the average American can do to prevent inflation, there are moves that can safeguard the money you have. Here are five of those moves. Diversify with inflation-protected securities Treasury Inflation-Protected Securities (TIPS) are government bonds designed to guard against inflation. The principal adjusts with the Consumer Price Index, meaning your investment keeps pace with rising prices. If the principal is equal to or lower than the original amount when the TIPS matures after five, 10, or 30 years, you get the original amount back in full. However, if the principal exceeds the original amount after that time, you get the larger amount. TIPS accomplish two things: They provide inflation protection, and they offer the peace of mind that comes with knowing your money is backed by the U.S. government. Review Medicare coverage It's impossible to deny the high cost of healthcare in retirement. Annually reviewing your Medicare coverage during open enrollment can ensure you have the most cost-effective plan to meet your needs. Plans change year by year, and what was best for you last year might need to be replaced by something better. Take advantage of I Bonds Series I Savings Bonds neatly combine a fixed interest rate with an inflation rate that is adjusted twice a year. You can buy up to $10,000 in Series I bonds for yourself each year, an additional $5,000 if you use your federal tax refund, and gift I bonds to your children without that amount counting toward your personal limit. Take a fresh look at your emergency fund The goal of an emergency fund is to help you avoid the use of high-interest credit cards. If your car needs new tires or your water...
Laurentian Bank of Canada press release ( LRCDF ): Q2 t otal revenue decreased by C$28.9 million to C$213.7 million for the second quarter of 2026, compared with C$242.5 million for the second quarter of 2025, mostly attributable to a decrease in other income, partially offset by an increase in net interest income. The provision for credit losses was C$26.9 million for the second quarter of 2026, ...
Laurentian Bank of Canada press release ( LRCDF ): Q2 t otal revenue decreased by C$28.9 million to C$213.7 million for the second quarter of 2026, compared with C$242.5 million for the second quarter of 2025, mostly attributable to a decrease in other income, partially offset by an increase in net interest income. The provision for credit losses was C$26.9 million for the second quarter of 2026, compared with C$16.7 million for the second quarter of 2025, representing an increase of C$10.2 million, primarily driven by higher provisions on impaired commercial loans. EPS of C$0.46. More on Laurentian Bank of Canada Historical earnings data for Laurentian Bank of Canada Dividend scorecard for Laurentian Bank of Canada Financial information for Laurentian Bank of Canada
June S&P 500 E-Mini futures ( ESM26 ) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, w...
June S&P 500 E-Mini futures ( ESM26 ) are trending up +0.18% this morning as investors became more confident that the U.S. and Iran are nearing a deal. The U.S. and Iran have reportedly reached a tentative deal to extend the ceasefire by 60 days, which would include the reciprocal reopening of the Strait of Hormuz during the first 30 days. It would mark the first phase of a multistage framework, which the U.S. hopes will result in Iran scaling back its nuclear program for decades. “We perhaps have the makings of a deal here,” Treasury Secretary Scott Bessent said on Thursday. A deal is reportedly awaiting approval from U.S. President Donald Trump. The price of WTI crude fell over -1% on Friday. “If a deal is agreed upon, we should see another leg higher in risky assets and lower in rates. Positioning suggests that the rates market should see a greater reaction than equities,” said Mohit Kumar at Jefferies. Sentiment was also supported by some positive corporate news. Dell Technologies ( DELL ) popped over +37% in pre-market trading after the hardware maker posted upbeat Q1 results and raised its full-year revenue guidance amid surging demand for servers that power AI workloads. Also, Okta ( OKTA ) climbed more than +7% in pre-market trading after the company reported stronger-than-expected Q1 results and boosted its annual guidance. In yesterday’s trading session, Wall Street’s major indices closed higher, with the S&P 500 and Nasdaq 100 notching new record highs. Chip stocks climbed, with Arm Holdings ( ARM ) jumping more than +10% and Advanced Micro Devices ( AMD ) rising over +4%. Also, Snowflake ( SNOW ) popped over +36% after the data warehousing company reported strong Q1 results, raised its full-year product revenue guidance, and expanded its collaboration with Amazon Web Services. In addition, Agilent Technologies ( A ) surged more than +16% and was among the top percentage gainers on the S&P 500 after the company posted upbeat FQ2 results and raised its ful...
Green Rain Energy Holdings, Inc. is exploring an innovative blockchain-powered framework for electric vehicle infrastructure, aiming to expand clean energy accessibility. The proposed model could enable fractional economic interests in EV charging stations through tokenization and smart contracts, potentially lowering capital barriers and enhancing project transparency and efficiency. Additionally...
Green Rain Energy Holdings, Inc. is exploring an innovative blockchain-powered framework for electric vehicle infrastructure, aiming to expand clean energy accessibility. The proposed model could enable fractional economic interests in EV charging stations through tokenization and smart contracts, potentially lowering capital barriers and enhancing project transparency and efficiency. Additionally, the company is investigating decentralized EV charging networks to boost charger availability, especially in underserved areas, thereby promoting a scalable infrastructure ecosystem with reduced reliance on traditional financing. In other trading, Hyundai MobisLtd was a notable mover up 12.8% and ending trading at ₩774,000, hovering around its 52-week high. The company recently presented at Korea Investment & Securities Corp Day, just one day ago. At the same time, HGTECH softened, down 8.3% to finish the session at CN¥151.92. Tesla's pivot to high-margin software revenue, driven by its expansion into autonomous services and FSD subscriptions, presents a timely opportunity for capturing emerging markets. Click to explore the potential of Tesla's strategic transition and its impact on future growth. You may also want to read our Market Insights article detailing how the surge in data center investments propels the electric vehicle sector—don't miss out! Best EV Stocks Tesla closed at $442.10 up 0.4%. Turning Ideas Into Actions This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wal...
Bereaved families whose loved ones were the victims of an online supplier of suicide kits say they feel insulted by a decision not to prosecute him in the UK. Kenneth Law was due to appear in court on Friday in Ontario, Canada, accused of selling 1,200 suicide packages across 40 countries, including the UK. He is expected to plead guilty to charges of aiding suicide and to admit sending products i...
Bereaved families whose loved ones were the victims of an online supplier of suicide kits say they feel insulted by a decision not to prosecute him in the UK. Kenneth Law was due to appear in court on Friday in Ontario, Canada, accused of selling 1,200 suicide packages across 40 countries, including the UK. He is expected to plead guilty to charges of aiding suicide and to admit sending products internationally in the knowledge they were likely to be used to end lives. Last month his lawyers confirmed a plea agreement under which previous murder charges would be withdrawn. An investigation by the National Crime Agency (NCA) into Canadian websites found that 286 individuals had received packages in the UK, leading to 112 deaths. A day before Law’s court appearance, the NCA and the Crown Prosecution Service told bereaved families they would not be seeking to extradite the 60-year-old to the UK after legal proceedings in Canada had concluded. View image in fullscreen Aimee Walton, left, who died in 2022 after buying one of the suicide kits from Law’s website, with her sister Adele. Photograph: Adele Walton Adele Zeynep Walton, the sister of 21-year-old Aimee, from Southampton, who died in 2022 after buying one of the suicide kits from Law’s website, said: “It’s absolutely insane that the NCA and CPS are not going to do anything about it. It is so insulting.” In a letter to the families, the NCA and the CPS said: “After careful assessment, we agreed that Mr Law should be sentenced for the full extent of his offending within a single sentencing process in Canada. This approach is not unusual in cases involving serious offending that crosses international borders. “We recognise that this may be painful to hear, and that some victims and bereaved families may have hoped to see a separate prosecution in England and Wales.” Walton said the scale and novelty of Law’s alleged crimes warranted intervention from the UK authorities. She said: “When have we ever had people using t...
With New Glenn now expected to be grounded for months, Amazon will be even more dependent on its rivals - chief among them SpaceX - to keep its rollout alive, and is almost certain to need a fresh extension to its timetable from the FCC.
With New Glenn now expected to be grounded for months, Amazon will be even more dependent on its rivals - chief among them SpaceX - to keep its rollout alive, and is almost certain to need a fresh extension to its timetable from the FCC.