- German 10-Year Bund Auction
- Brazil Retail Sales Figures (Monthly/Yearly)
- United States Wholesale Inventory Statistics
- US FOMC Meeting Minutes
- Mexico/France Foreign Exchange Reserves Statistics
- US Military initiates retaliatory strikes after vessels attacked in the Strait of Hormuz
The US military reports that it has commenced new strikes against Iran following attacks on three commercial vessels in the Strait of Hormuz, which included a Qatari LNG tanker. An LNG tanker, an oil supertanker, and an unspecified third vessel were targeted in this crucial waterway on Tuesday.
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- RBI to hold ₹25,000 crore overnight Variable Rate Repo auction today: Implications for banks
The Reserve Bank of India (RBI) is set to conduct a ₹25,000 crore overnight Variable Rate Repo (VRR) auction on Wednesday, July 8, aimed at managing short-term liquidity in the banking sector. This auction will take place between 9:30 am and 10:00 am under the Liquidity Adjustment Facility (LAF).
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- Hong Kong initiates trial of central gold clearing system: Impact on India’s bullion market
Hong Kong has launched trial operations of a new central gold clearing and settlement system, a significant move in its quest to become a global hub for gold trading and storage. This initiative is part of a broader strategy to enhance links with mainland China’s bullion market.
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- Brent crude surpasses $75 a barrel following ‘strong’ US actions against Iran
Oil prices increased as the US executed a series of strikes against Iran following several attacks on ships in the Strait of Hormuz. Brent crude rose 2.8% to exceed $76 a barrel, while West Texas Intermediate remained above $72 per barrel.
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- ‘Prove to me a petrol vehicle harmed by ethanol’: Gadkari confronts E20 critics
Minister of Road Transport and Highways Nitin Gadkari dismissed assertions that E20 petrol damages vehicles, challenging detractors to provide a substantiated case of a petrol vehicle corroded due to ethanol.
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- Who is Silvana Tenreyro, set to take over as IMF’s chief economist on August 10
The International Monetary Fund (IMF) has appointed Silvana Tenreyro as its new Economic Counsellor and Director of the Research Department, succeeding Pierre-Olivier Gourinchas, who has returned to academic pursuits.
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- Analysis – Why Nasdaq dropped over 500 points on Tuesday, lagging behind the Dow
Benchmark indices on Wall Street experienced a downturn on Tuesday, July 7, with the Dow Jones also pulling back from record high levels as chip stocks declined yet again after a brief rebound on Monday. The Nasdaq-100 index fell by more than 500 points, equating to nearly 2%.
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- Messi’s Argentina stages thrilling comeback to defeat Egypt 3-2, advances to WC quarter-finals
Defending champions Argentina orchestrated a sensational late comeback to triumph over Egypt 3-2 on Tuesday, netting three goals in the last 11 minutes to secure their spot in the FIFA World Cup quarter-finals.
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- How AI is transforming the discovery and development of medicines
Artificial intelligence is swiftly revolutionizing the pharmaceutical sector by accelerating drug discovery, optimizing clinical trials, streamlining regulatory measures, and enhancing patent protections. While AI can lower expenses and shorten development timelines, human insight remains essential to scientific advancement.
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- US power demand to reach record levels in 2026 and 2027 due to AI growth, EIA forecasts
US electricity consumption, which set a consecutive annual record high in 2025, is projected to rise further in 2026 and 2027, fueled by AI-intensive data centers and electrification, according to the Energy Information Administration (EIA) in its Short-Term Energy Outlook (STEO) released on Tuesday.
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- SIT uncovers evidence of cash and gold theft during Ram Temple donation counting in Ayodhya
A preliminary investigation has revealed multiple instances of suspected pilferage during the counting of donations at the Ram Temple in Ayodhya. Investigators analyzed CCTV footage, employee testimonies, bank documents, and security protocols, yielding conclusions of several security and compliance lapses.
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