India is close to signing a trade deal with the European Union later this month, with negotiations expected to conclude by January 26, trade secretary Rajesh Agrawal said on Thursday.

SINGAPORE, Jan 15 () - Financial institutions globally failed to meet $2.5 trillion in financing that companies needed for trade last year, holding back the global economy, according ​to a new survey by the Asian Development Bank.

The overall trade gap plunged 39% to $29.4 billion in October, as imports fell by 3.2%, Department of Commerce figures show. The deficit was significantly lower than the $58.4 billion median forecast from surveys of economists by Dow Jones Newswires and The Wall Street Journal.

India's merchandise trade deficit stood at $25.04 billion in December, according to a Reuters calculation based on government export and import data released on Thursday.

The Treasury basis trade simply consists of selling Treasury futures and buying Treasuries, and using massive dollops of leverage to turn their small but persistent price divergence — driven by a medley of technical factors — into a fairly steady stream of moolah. Here’s a more thorough FT explainer for those interested in more detail.

Wide receiver A.J. Brown was a key ingredient in the Philadelphia Eagles' Super Bowl run in 2024, and the time may soon arrive for him to help another franchise take a big step forward.