IMF lowers global economic growth to 3.6% due to the Ukraine war

andy-li-CpsTAUPoScw-unsplash-scaled.jpg

The International Monetary Fund (IMF) has revised its global economic growth forecast lower at 3.6% this year and the next due to the war in Ukraine and new bottlenecks in supply chains due to Covid-related lockdowns in China. “Compared to our January forecast, we have revised our projection for global growth downwards to 3.6 percent […]

Read more

High commodity prices a challenge for most Asian countries

andy-li-CpsTAUPoScw-unsplash-scaled.jpg

Credit buffers among APAC nations to withstand risks from high commodity prices are generally strong, but have been eroded during Covid-19, Fitch Ratings said in a report. “The impact of energy-market turmoil following the Russia/Ukraine conflict differs significantly per sovereign, but on the whole is likely to be a headwind for the region. Risks are […]

Read more

As Ukraine crisis escalates, watch out for these five commodities

U.S. lawmakers have said they are devising the “mother of all sanctions” against Russia as a method of defending Ukraine that would be “crippling to [the Russian] economy.” The 5 key commodities likely to be hardest hit are: #1. Aluminum Russia accounts for approximately 6% of global aluminum supply. While China is the world’s biggest aluminum producer, […]

Read more

Fear of Russia-Ukraine crisis impacting commodities market

Several commodity markets are starting to price in some geopolitical risk around the growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at what the potential impact could be should tension boil over into a conflict. A scenario where […]

Read more

Agritech startup, Pepper Farms raises $ 1 million as seed funding to grow business

Agritech startup Pepper Farms has raised $ 1 million (around Rs 7.39 crore) from investors to grow its business. The startup helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales. In a statement, Pepper Farms said it has secured $ 1 million in a seed funding round led by AxilorVentures and […]

Read more

SEBI bans launch of new derivative contracts of ten oil producing commodities including crude palm oil

Markets watchdog Sebi has banned the launch of new derivative contracts of crude palm oil, moong, wheat and few other agricultural commodities with immediate effect amid rising inflation. For running contracts, no new position will be allowed to be taken and only squaring up of positions will be allowed. The directions will be applicable for […]

Read more