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The Latest Breaking News from Deficit

Knicks one win away from NBA title after epic comeback

NEW YORK - The New York Knicks staged the biggest comeback in NBA Finals history on Wednesday as they erased a 29-point deficit to beat the San Antonio Spurs 107-106 and now need one more win to seal the title.

Bangkok Post

US refunds $22 billion in first repayments of Trump's tariffs in May

US authorities have begun refunding billions in customs duties. This follows a Supreme Court decision invalidating President Donald Trump's global tariffs. May saw $22 billion in refunds, matching duties collected. The government is processing repayments for $166 billion collected under a previous act. However, appeals could impact ongoing reimbursements. The…

The Economic Times

Thailand's misleading growth story

Thailand's quarterly GDP growth rate was 1.2% in the third quarter of 2025, rising to 2.5% in the fourth quarter and further to 2.8% in the first quarter of 2026, according to the National Economic and Social Development Council (NESDC).

Bangkok Post

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Rupee to average around 96/USD in FY27; risks from oil, dollar persist: Motilal Oswal

The Indian rupee is projected to average around 96 against the US dollar in FY27. However, this outlook faces potential challenges including dollar strength and crude oil price fluctuations. Despite a widening trade deficit, strong capital inflows and RBI intervention are expected to prevent a sharp depreciation.

The Economic Times

India's current account deficit to remain 1.5-1.7% of GDP in FY27 but RBI measures may turn BoP surplus: SBI Report

India's current account deficit is projected for FY27. However, Reserve Bank of India measures are anticipated to improve the country's external position. These steps aim to strengthen the Rupee and attract foreign capital. This could lead to a balance of payments surplus for FY27. Inflows are expected to boost foreign…

The Economic Times

India's current account deficit to stand at 1.8% of GDP for FY27: ICICI Bank Global Market Report

India is expected to see a current account deficit of 1.8 per cent of GDP in FY27 as against around 2 per cent projected earlier. This adjustment follows a stable outturn in the external sector during the preceding fiscal year despite a widening trade deficit.

The Economic Times

Increased Demand For U.S. Oil Amid Iran War Gives Trade Balance a Boost in April

The U.S. trade deficit narrowed sharply in April as exports climbed to a record high.

International Business Times

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12 years of PM Modi: India should not only be resilient but also be antifragile

India faces significant global uncertainty and external challenges. Despite strong economic growth and improved financial stability, domestic investment remains a concern. The nation's resilience is being tested by fluctuating oil prices and global protectionism. Prime Minister Modi's leadership and the collective will of India are crucial as the country navigates…

The Economic Times

Rupee gains as oil retreat soothes, inflow expectations erode weakening bias

The Indian Rupee strengthened on Tuesday due to falling oil prices. Regulatory measures are expected to reduce India's balance of payments deficit. Asian currencies also saw gains. Brent crude prices dropped after Iran and Israel halted attacks. Elevated oil prices pose risks to India's economy.

The Economic Times

Chris Mannix: Victor Wembanyama Refused to Let the Spurs Fold in NBA Finals

Facing a big deficit and a roaring MSG, the San Antonio star delivered a dominant two-way performance to pull his team back into the series.

Sports Illustrated

India's biggest trade bet comes with six red flags

India may be adding more trade partners, but its latest FTA report card comes with several red marks. A new study by the Global Trade Research Initiative (GTRI) warns that while free trade agreements have become a cornerstone of India's trade strategy, the country is grappling with six persistent challenges…

The Economic Times

Indian economy, government finances, see mounting costs from Iran war

India's economy, once humming with benign inflation and steady growth, now faces mounting costs from the Iran war. As a major oil importer, disruptions to supply and elevated prices are impacting growth, inflation, and government finances. The central bank's ability to manage these shocks is increasingly difficult.

The Economic Times

KKP sees 2% current account deficit in Q2

Thailand's current account is expected to register a deficit of around 2% of GDP in the second quarter before rebounding later in the year as global oil prices decline, according to Kiatnakin Phatra Financial Group (KKP).

Bangkok Post

India's current account surplus at $7.1 bn in Q4 FY26, aided by robust services exports and remittances

India achieved a current account surplus of $7.1 billion in Q4 FY26, driven by robust services exports and remittances. Despite a growing merchandise trade deficit, the external sector saw this surplus, though it was lower than the previous year's $13.7 billion.

The Economic Times

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Motorsport

George Russell: 'I can still become F1 world champion in 2026'

The Mercedes driver has failed to score points in the past two grands prix, meaning he holds a huge deficit to team-mate and championship leader Kimi Antonelli

The Economic Times

India bonds slip as US-Iran risks derail post-policy rally

Indian government bonds faced pressure early Monday. Escalating U.S.-Iran tensions pushed oil prices higher. This overshadowed recent supportive measures from the Reserve Bank of India. The central bank had announced steps to boost foreign investment in government securities. Higher oil prices impact India's inflation and current account deficit. Bond yields…

Bangkok Post

A double dip on the cards?

An economist is concerned about Thailand's potential dual deficit scenario, in which both the fiscal balance and current account move into deficit simultaneously.

Bangkok Post

Analyst warns of signals of structural weakness

If a dual deficit persists for 3-5 years, referring to the fiscal balance and current account, it could weaken the forces underpinning Thailand's economic growth and reduce the economy's momentum, warns an economist from Thailand Development Research Institute (TDRI).

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Motorsport

How George Russell's luckless Monaco GP unravelled as F1 title deficit grows

George Russell has fallen an enormous 68 points behind team-mate Kimi Antonelli after a horrible Monaco Grand Prix

Sports Illustrated

How Teams Trailing 2–0 in NBA Finals (Like the Spurs) Have Fared in History—Full List

Can the Spurs come back from a 2–0 series deficit and win the 2026 NBA Finals?

Autosport

Russell bemused by pace deficit to F1 title rival Antonelli

Antonelli took pole for the Monaco Grand Prix while his Mercedes team-mate Russell struggled down in sixth

Motorsport

George Russell bemused by pace deficit to F1 title rival Kimi Antonelli

Antonelli took pole for the Monaco Grand Prix while his Mercedes team-mate Russell struggled down in sixth

AAP

AFL:Dogs' spirit shines in comeback win over Hawks

The Western Bulldogs have overcome a 29-point deficit in a dominant second half to post a tense win over Hawthorn and crash into the AFL's top six.

AAP

AFL:Big guns fire in Dogs' comeback win over Hawks

The Western Bulldogs have overcome a 29-point deficit in a dominant second half to post a tense win over Hawthorn and crash into the AFL's top six.

The Economic Times

ICICI Prudential Mutual Fund restricts subscription in ICICI Prudential Gold ETF

ICICI Prudential Mutual Fund has restricted subscriptions exceeding Rs 25 crore in its Gold ETF, becoming the second fund house to do so after HDFC Mutual Fund. This move aims to curb excessive financialization of gold at elevated prices, potentially impacting India's current account deficit and rupee. Investors are advised…

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