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Jiangsu Provincial Meteorological Observatory continued an orange high-temperature warning at 09:22 on July 16: highs up to 37°C expected in Wuxi, Changzhou, Suzhou and Nantong; Nanjing, Zhenjiang, southern Yangzhou and central-southern Taizhou forec

2026-07-16

Jiangsu Provincial Meteorological Observatory continued an orange high-temperature warning at 09:22 on July 16: highs up to 37°C expected in Wuxi, Changzhou, Suzhou and Nantong; Nanjing, Zhenjiang, southern Yangzhou and central-southern Taizhou forecast at 35–36°C.

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2026-07-16

CITIGROUP says Indian corporate clients broadly expect the rupee to weaken further and are increasing allocations to hedges and structured FX products. Vandana Bhatter, head of corporate FX sales for Asia at Citigroup, said clients view longer-term r

CITIGROUP says Indian corporate clients broadly expect the rupee to weaken further and are increasing allocations to hedges and structured FX products. Vandana Bhatter, head of corporate FX sales for Asia at Citigroup, said clients view longer-term rupee moves as tracking interest-rate differentials and are shifting into structures that offer protection while allowing participation if the rupee moves sharply. The rupee has fallen about 11% versus the dollar over the past year, the weakest performance in Asia. Citigroup cites higher US tariffs on India last year, the Iran war and its impact on oil, and market expectations of a higher-for-longer Fed and stronger dollar as key drivers.
2026-07-15

Fed chair Kevin Warsh said immigration decisions affect potential GDP.

Fed chair Kevin Warsh said immigration decisions affect potential GDP.
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