The US trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was ​unlikely to be sustainable, with businesses ramping up investment in artificial intelligence.

India’s foreign exchange reserves fell to a more than one-year low of $681.4 ​billion in the week ended May 22, from $688.89 billion ‌a week earlier, the Reserve Bank of India (RBI) data showed on Friday.

China’s ​factory activity stalled in May as new export orders contracted and input costs kept rising, an official survey showed on Sunday, ‌adding to concerns the world’s second-largest economy is losing momentum despite pockets of strength in services and high-tech manufacturing.

Canada’s economy posted a surprise contraction in the first quarter versus the year before, making it two straight ‌quarters of annualised decline - which some economists call a technical recession - as the country struggles with US tariff uncertainty.

Oil futures fell more than 2 percent on Friday, closing out their steepest ​weekly decline since early April as traders awaited word that the US, Israel and Iran had reached agreement on a ceasefire.

Inflation in the euro zone’s four largest economies hovered ​above the European Central Bank’s 2 percent target for a third straight month in May, preliminary data showed ‌on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.

India's foreign exchange reserves fell to $681.4 ​billion in the week ended May 22, from $688.89 billion ‌a week earlier

The current 11 percent import duty will be suspended until October 30

The ⁠rates are being revised on a fortnightly basis

China's bet on the digital yuan is in stark contrast with the U.S.

The US and Iran reached an agreement on Thursday to extend a ceasefire and lift restrictions on shipping through the Strait of Hormuz

Brent North Sea crude, the main international benchmark, rose by nearly two percent to $96.13 a barrel, while the main US contract, WTI, increased by 1.75 percent to $90.23 a barrel.

Oil prices fell about 5 percent to two-week lows yesterday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough.

India’s state-run fuel companies raised petrol and diesel prices for the fourth time in 10 days on Monday, as the Middle East war strains supplies to the world’s fastest-growing major economy.

The dollar fell against major currencies on Monday as hopes of a deal to ​reopen the Strait of Hormuz pushed oil prices below $100 per barrel, even as the US and Iran ‌played down the chances of reaching an agreement soon.

The Iran war has upended crude oil and liquefied natural gas markets, but the impact on coal has been more muted, even as prices for thermal grades have quietly climbed to multi-year highs.

On a two-day visit to Dhaka from May 24, the ADB chief met with the prime minister and finance minister

The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel

Marinel Garciano dislikes winter, and that’s tough when it lasts nine months in Ilulissat, Greenland. But she has no regrets about leaving the Philippines to give her children opportunities.

New US Federal Reserve Chair Kevin Warsh vowed to be “reform-oriented” as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be “totally independent.”