Oil prices dip amid signs of recovering Middle East supply

Don’t get ready for the 2027 Met Gala yet. The Metropolitan Museum of Art had announced on July 31 that the spring 2027 Costume Institute exhibition and Met Gala would honor British designer John Galliano. But on Monday, it shared that both will no longer “proceed as planned.” The decision to re-theme was made in…

Manhattan’s office market is advancing away from its post-pandemic recovery story. Tenants leased 3.25 million square feet in August, according to Colliers, putting the month 13 percent above the five-year monthly average and 16 percent above the 10-year average.  Leasing was down 16 percent from July, but the pullback hardly looks alarming given the pace…

The benchmark Nifty 50 fell to a three-month low on Wednesday as Brent crude rose above $100 a barrel for the first time in six weeks amid an escalation in fighting between US and Iranian forces. The rupee also weakened past 95 to the dollar, prompting the Reserve Bank of India (RBI) to intervene in…

Rate increases by lenders in July completely reversed the fall in average mortgage rates recorded in June, the latest monthly analysis by Moneyfacts shows. The Moneyfacts average mortgage rate, which is calculated from all fixed rates and variables on sale, rose by 12 basis points, from 5.47% in July to 5.59% at the start of…

Key insight: Parties trying to restrict stablecoin rewards have been relying on a trio of false claims that, despite public debunking, continue to be spread. Supporting data: Recent data from the FDIC indicates community loans have increased over the last year by 5.1%. Forward look: Banking trade groups should stop asking community banks to repeat…

The 8th Pay Commission begins its two-day stakeholder consultations in Kolkata today. These meetings and consultations will run for two days and conclude on 10 July. It is a crucial step in the government’s push to collect feedback, ideas and views before making a final decision on recommendations regarding salaries, allowances, and pensions for serving…