The Latest Breaking News from Deficit

Monsoon revival lifts kharif hopes, but experts say El Niño threat is far from over

India’s southwest monsoon has bounced back after a weak June, cutting the rainfall deficit and boosting kharif prospects. Experts caution, however, that the El Nino risk isn’t over.

The Economic Times · Jul 10

RBI rate hike: Interest burden for Indians may go up later this year amid inflation risks

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising concerns over domestic inflation could lead to increased rates in the future. Revisions to FY27 economic growth projections indicate a stronger demand trend, while external accounts are…

The Economic Times · Jul 10

CBO: House highway bill would widen trust fund deficit

The House version of this year’s mega surface transportation reauthorization bill could increase the deficit anticipated in the Highway Trust Fund over the next five years despite the inclusion of new fees on electric vehicles and hybrids, according to the Congressional Budget Office The CBO analysis, released Thursday, found that…

Roll Call · Jul 10

Modi govt hurt national interests by letting China capture India's critical industries: Congress

Congress president Mallikarjun Kharge accused the government of harming national interests. He cited reports claiming China powers India's strategic and critical industries. Imports from China have significantly increased since the Galwan clash. This has led to a substantial trade deficit with the neighboring country. Kharge highlighted dependence on China for…

The Economic Times · Jul 9

FIFA World Cup 2026: Some goals down? Comeback history says it's not over yet

FIFA World Cup 2026 Comeback: Football's World Cup stage has witnessed numerous dramatic comebacks. Argentina recently escaped a two-goal deficit against Egypt in a thrilling match. The 1954 Austria versus Switzerland game ended with a remarkable seven-five scoreline. Eusebio's four goals rescued Portugal from a three-goal deficit in 1966. These…

The Economic Times · Jul 9

Beijing signals thaw in EU trade ties after landmark Nordic trip

China's Foreign Minister Wang Yi urged the EU to remain open and reduce export restrictions. Beijing desires an upward balance in trade and greater market access. European nations face a significant trade deficit with China, causing concern. China views the economic relationship as fundamentally complementary and mutually beneficial. The trip…

The Economic Times · Jul 8

Sugar Prices Pressured as India’s Monsoon Rains Improve

October NY world sugar #11 (SBV26 ) on Wednesday closed down -0.03 (-0.20%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +4.70 (+0.99%). Sugar prices settled mixed on Wednesday, with NY sugar falling from a 1.75-month high. An improvement in India’s monsoon rains sparked long liquidation in...

Barchart · Jul 8

Twin deficits spell trouble for economy

I do not enjoy holding views that differ from those of others. It is never comfortable to be the odd one out because I have to defend my analysis vigorously and, at times, endure ridicule from my peers.

Bangkok Post · Jul 8

Sugar Prices Edge Higher on the Surge in Crude Oil

October NY world sugar #11 (SBV26 ) today is up +0.07 (+0.46%), and Aug London ICE white sugar #5 (SWQ26 ) is up +5.10 (+1.07%). Sugar prices are climbing today, with NY sugar posting a 1.75-month high. Today’s +7% surge in WTI crude oil prices (CLQ26 ) is boosting sugar...

Barchart · Jul 8

World Cup results: Switzerland and Argentina set up quarter-final clash

Switzerland defeated Colombia 4-3 in a penalty shootout after a goalless draw, advancing to the World Cup quarter-finals for the first time since 1954. Meanwhile, Argentina secured a dramatic 3-2 comeback victory against Egypt in their last-16 match, overturning a 2-0 deficit with just 11 minutes remaining. Cristian Romero initiated…

The Independent UK · Jul 8