Oil markets are closely watching President Trump’s efforts to mediate between Ukraine and Russia, impacting regional stability and energy flows. The Federal Reserve’s upcoming Economic Policy Symposium in Jackson Hole is also a key event, with Jerome Powell expected to unveil the Fed’s new policy framework. Market anticipates potential rate cuts in September amid signs of labor-market weakness.
Tata Power shares slide 4% after company loses $490 million arbitration challenge in Singapore. What’s the case about?
Tata Power shares tumbled after the Singapore International Commercial Court dismissed the company’s challenge to a $490 million arbitration award in favour of Kleros Capital