Business
Indonesia central bank, finance minister agree to boost asset yields to aid rupiah
Business
India’s Central Bank Holds Rates as Iran Crisis Keeps Risks High
India’s central bank held interest rates steady on Friday, opting to pause as it assesses the impact of the Middle East conflict on the nation’s currency and broader economy.
The Reserve Bank of India met against a backdrop of sharp rupee depreciation and acute economic risks, driven by the Iran crisis pushing up energy prices and threatening to stoke domestic inflation.
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Business
Scaloni Offers Messi Fitness Update as Argentina Prepares World Cup Title Defense
KANSAS CITY, Mo. — Lionel Messi is progressing well in his recovery from a recent muscle issue and could see limited action in Argentina’s final pre-World Cup friendlies, coach Lionel Scaloni said Friday, easing concerns about the captain’s readiness for the defending champions’ title defense.
The 38-year-old superstar suffered muscle fatigue in his left hamstring while playing for Inter Miami CF in a 6-4 Major League Soccer victory over the Philadelphia Union on May 24. He was substituted in the 73rd minute as a precaution, prompting global attention given his central role in Argentina’s campaign.
“Leo is doing well, he’s already trained with the group for part of the session, and that’s significant. He’s no longer training separately,” Scaloni told reporters ahead of Saturday’s friendly against Honduras in College Station, Texas.
Scaloni added that Messi “is improving a lot and could even take part in one of the warm-up matches for a few minutes. We’ll see whether it’s this one or the next, but he’s much better and that gives us peace of mind.”
Argentina, winners in Qatar in 2022, faces Honduras on Saturday at Kyle Field and Iceland on Tuesday in Alabama. The team opens Group J play against Algeria on June 16, followed by matches versus Austria and Jordan.
Messi’s Path to a Sixth World Cup
This will mark Messi’s sixth appearance in football’s premier tournament, a record for the Argentine icon. His leadership and brilliance were instrumental in ending Argentina’s 36-year World Cup drought four years ago. Now, at 38, questions about his durability have surfaced, but Scaloni expressed optimism based on recent training observations.
Messi joined the national team camp in the United States after his club stint, initially training separately before integrating more fully with the squad. Videos and reports from the Sporting Kansas City training facilities showed him participating in sessions, signaling positive momentum.
Scaloni recounted the lighthearted moment when he confirmed Messi’s selection. “I sent him a message and he told me he would wait for the squad list to see if he had been called up,” the coach said with a smile. “I told him, ‘You’re called up.’ That’s how it happened.”
The humility in that exchange reflects Messi’s character, Scaloni noted, as the squad prepares to defend its crown on home soil in North America. The 2026 tournament, co-hosted by the United States, Canada and Mexico, carries extra significance for the Albiceleste.
Injury Context and Squad Management
Inter Miami described Messi’s issue as “an overload associated with muscle fatigue” rather than a severe strain, with further tests confirming no major damage. The club and national team staff have coordinated closely to manage his workload.
Scaloni has broader fitness concerns within the squad, including players like Cristian Romero and Julián Álvarez, but emphasized a measured approach. “He went through some tough times” in recovery, but recent sessions indicate Messi is turning the corner.
Argentina’s depth allows flexibility. Even without full minutes from Messi in the friendlies, the team boasts talent across the pitch, from goalkeeper Emiliano Martínez to midfield creators and attacking options like Lautaro Martínez. Scaloni has tested lineups without Messi and Álvarez in recent sessions, focusing on tactical cohesion.
Argentina’s Tournament Outlook
As reigning champions, Argentina enters as one of the favorites. The group stage presents varied challenges: Algeria in the opener at Arrowhead Stadium in Kansas City, followed by European sides Austria and Jordan. Home advantage in U.S. venues could prove valuable, with strong supporter turnout expected.
Messi’s presence, even in a limited capacity initially, provides intangible benefits. His experience in high-stakes matches and ability to unlock defenses remain unmatched. Teammates and coaches have repeatedly voiced confidence in his ability to contribute meaningfully.
Preparations in Kansas City have included high-intensity sessions at the Compass Minerals National Performance Center. The squad’s blend of veterans and younger talents positions it well for a deep run, potentially culminating in another final appearance.
Broader Implications for Messi and Argentina
This World Cup could represent the final chapter for Messi on the international stage, though he has avoided firm retirement talk, preferring a game-by-game mindset. His MLS move has helped preserve his body for national duty, balancing club commitments with international ambitions.
Fan excitement is palpable, with Messi’s branded plane arrival drawing crowds and social media ablaze with anticipation. For a nation that waited decades for glory in 2022, the chance to repeat would cement a golden era.
Scaloni has managed expectations carefully, stressing collective strength over reliance on any single player. Yet Messi’s influence extends beyond the field — in leadership, tactical input and inspiring teammates. His partial group training marks a key step toward availability for the June 16 opener.
Final Preparations and Fan Focus
The friendlies serve as vital tune-ups. Against Honduras, Scaloni may limit Messi’s exposure to avoid setbacks, saving him for Iceland or the tournament itself. The coaching staff monitors all players closely, with fitness deadlines approaching for final roster tweaks.
Analysts highlight Argentina’s experience as a major asset. Many from the 2022 squad remain, providing continuity. Tactical evolution under Scaloni, incorporating modern pressing and fluid attacking patterns, complements Messi’s genius.
As the tournament nears, global attention fixates on Messi’s fitness. Positive updates from Scaloni have calmed nerves, allowing focus to shift toward strategy and execution. For Argentina fans worldwide, the dream of back-to-back titles lives on, anchored by their eternal talisman.
Messi’s journey from teenage phenom in 2006 to 2026 veteran embodies resilience. Whether he features prominently from the start or eases in, his impact on the team’s psyche is undeniable. Scaloni’s updates provide reassurance as the Albiceleste gears up for its most important campaign in years.
Business
Airline chiefs grapple with fuel shock, fare test at Rio summit

Airline chiefs grapple with fuel shock, fare test at Rio summit
Business
Forensic Expert Floats Handyman Theory in Disappearance of Savannah Guthrie’s Mother

TUCSON, Ariz. — More than four months after Nancy Guthrie vanished from her Catalina Foothills home, investigators continue to treat the case as a suspected abduction, with no arrests or publicly identified suspects as authorities process DNA evidence and pursue thousands of leads.
A veteran forensic scientist has now offered a theory suggesting the 84-year-old may have been targeted by a local service worker, such as a handyman, who assumed her family was wealthy due to her daughter’s prominence as a “Today” show co-anchor. Officials have not endorsed the speculation, emphasizing the ongoing nature of the probe.
Nancy Guthrie was last seen on the evening of Jan. 31, 2026, after family members dropped her off at her residence following a gathering. She was reported missing the next day when she failed to appear for a church service. Signs of forced entry were noted at the home, and her medications were left behind, heightening concerns.
Barbara Butcher, a longtime death investigator, shared her perspective during and after CrimeCon in Las Vegas. “I find it flabbergasting that anyone would take a woman her age, but what I think is probably the case is that someone in the area, maybe a handyman, maybe a service person, had known, had found out that Mrs. Guthrie was the mother of Savannah Guthrie and said, ‘Oh, she must be rich,’” Butcher said.
Butcher speculated the incident could have begun as a botched ransom attempt that went awry quickly. “My second thought was that after time, when there was no valid ransom demand or any information forthcoming, it’s probably likely that Mrs. Guthrie died of shock, fright, heart disease, whatever it was, very soon after being taken from her home,” she added. “And that’s just horrifying to me… and so now this kidnapper had nothing and probably, unfortunately, took her body into the desert and buried her there.”
Investigation Pace and Challenges
Pima County Sheriff Chris Nanos has defended the methodical approach amid public frustration over the lack of visible progress. In interviews marking roughly 100 days since the disappearance, he highlighted the complexities of evidence processing.
“These cases are difficult. It’s not just a detective who goes out there, talks to somebody, and we can make an arrest,” Nanos said. He stressed reliance on specialized labs for DNA and digital analysis, noting strict protocols to maintain integrity. “This is a very sensitive case, but what really makes it prolonged is we do rely on labs.”
The sheriff has repeatedly appealed for public tips, stating, “We know somebody out there knows.” Multiple agencies, including the FBI, remain involved, reviewing surveillance footage and chasing leads. No credible ransom demands have materialized despite a $1 million family reward offered in late February.
Family members, including Savannah Guthrie and her siblings, have been cleared as persons of interest, with the sheriff describing them as cooperative victims. Savannah has spoken publicly about the emotional toll, including concerns that her visibility may have played a role. In a March interview, she recalled discussing the possibility with her brother and expressing deep regret.
Expert and Community Perspectives
Butcher’s comments represent one informed but unverified viewpoint based on patterns from similar cases. Other experts have noted the crime’s apparent opportunistic elements and the desert terrain’s challenges for recovery efforts. A human bone found near the area in May proved prehistoric and unrelated.
The case has drawn intense media attention, amplified by Savannah Guthrie’s national profile. She returned to “Today” in recent weeks while balancing family grief. Public speculation has filled information gaps, but authorities urge caution against unconfirmed theories.
Tensions between local and federal investigators have surfaced in reports, with FBI Director Kash Patel noting delays in early access. However, both agencies continue collaborative efforts.
Family Impact and Broader Context
Savannah Guthrie has shared heartfelt messages, including a Mother’s Day tribute, underscoring the family’s ongoing anguish. The disappearance has spotlighted vulnerabilities for families of public figures and the elderly in suburban settings.
Nancy Guthrie, a longtime Tucson resident, was active in her community and church. Her sudden absence has left a void, with neighbors and volunteers initially aiding searches that have since scaled back but persist through technology and tips.
The Pima County Sheriff’s Department maintains the investigation is “very much alive,” with advances in forensic tools aiding progress. No timeline for resolution has been offered, as officials prioritize thoroughness to avoid missteps.
Ongoing Search Efforts
As of early June 2026, Nancy Guthrie remains missing, with her status unknown. Authorities continue processing evidence from the home, including unknown DNA, and analyzing video of a masked individual near the property on the night of the disappearance.
The desert landscape south of Tucson poses significant search challenges, with vast areas complicating body recovery if foul play led to that outcome. Tips continue to pour in, and officials encourage anyone with information, even seemingly minor details, to contact the sheriff’s office or FBI.
This case joins a list of high-profile missing persons investigations where public interest sustains momentum but also fuels unverified narratives. Butcher’s handyman scenario, while compelling to some, awaits corroboration through official channels.
For the Guthrie family, each passing day brings renewed hope alongside heartache. Savannah and her siblings have expressed gratitude for community support while pleading for the safe return of their mother or information leading to answers.
As summer approaches in Arizona, the investigation enters a new phase focused on lab results and deeper background checks. Sheriff Nanos and federal partners remain committed, reminding the public that resolution often hinges on a single overlooked detail from someone in the community.
The story of Nancy Guthrie’s disappearance serves as a sobering reminder of the fragility of safety in familiar surroundings and the enduring power of family bonds amid uncertainty. Authorities and loved ones alike continue to hold out for breakthroughs that could bring closure.
Business
Arista Networks: Best Demand In Company History, Still A Hold (NYSE:ANET)
I am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, I led teams in model validation, stress testing, and regulatory finance, developing a deep expertise in both fundamental and technical analysis. Alongside my research partner (also my wife), I co-author investment research, combining our complementary strengths to deliver high-quality, data-driven insights. Our approach blends rigorous risk management with a long-term perspective on value creation. We have a particular interest in macroeconomic trends, corporate earnings, and financial statement analysis, aiming to provide actionable ideas for investors seeking to outperform the market.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Business
Wait for more signals before turning positive
Therefore, immediate rallies would be interpreted as corrective in nature until the medium-term technical parameters turn positive. The recent upmove in the Sensex since the low of 12514 pts has been very sharp. The upside gap of July 23, 2008 had created a bullish ���Island Reversal Gap��� on the daily charts between 14510 pts and 14519 pts.
Normally, the implications of this on the medium-term outlook would be very positive, especially since the ���Island��� comprised of 22 trading sessions. When a stock indicates an uptrend, trades above the gap which occurs, then gaps back down and trades below the initial price, an island reversal has occurred.
However, the Sensex has since run into a strong resistance zone between 15026 pts and 15390 pts. The monthly mid-point of June 2008 is at 15026 pts. The 50% retracement level of the fall from the May 2008 peak (17735 pts) is at 15124 pts. The positive implications of the bullish ���Island Reversal Gap��� would thus get negated if the Sensex has a daily close below 14104 pts (the close on July 22, 2008). The Sensex is then expected to have an initial downside of 13513 pts, the 61.8% Fibonacci retracement level of the recent rise from 12514 pts to 15130 pts.
If the bearish ���Island reversal gap��� of 14484-14568 pts is immediately filled and the Sensex manages to decisively overhaul the resistances between 15130 pts and 15390 pts, the ongoing upmove would continue. The Sensex may then test higher levels between 16618 pts and 16860 pts.
The 78.6% Fibonacci retracement level of the fall from the May 2008 peak is at 16618 pts while 16860 pts is the 50% retracement level of the entire fall from the January 2008 peak. Hence, one would await further confirmation before turning positive on the medium-term outlook.
(The author is VP of technical research at Darashaw)
Business
China urges fund managers to support innovation, warns against concept hype

China urges fund managers to support innovation, warns against concept hype
Business
Advice service demand rises amid housing crisis
Citizens Advice Guernsey says housing and cost of living pressures have increased demand.
Business
Weak rupee takes its toll on cos with huge foreign debt
Accounting rules, called AS-11 provisions, make it mandatory for companies to make mark-to-market provisions in their profit & loss accounts for any changes in foreign currency loans. The worst hit have been those companies that predominantly serve the domestic market and opted for foreign currency loans to finance their growth plans.
According to an analysis by ETIG, the profitability of companies will be dented by mark to market (MTM) losses. Tata Steel may report a forex loss of around Rs 344 crore, whereas Tata Motors could take a hit of Rs 311 crore. Tata Chemicals, which took a foreign currency loan of $475 million to fund its overseas acquisitions, is estimated to report a forex loss of Rs 187 crore. Ranbaxy, JSW Steel and Firstsource Solutions will lose Rs 100 crore and Rs 400 crore each. The list of companies is not exhaustive as an estimated dozen companies raised forex debt last year.
Thankfully, this is only an accounting entry and does not affect the cash flows. However, it is likely to be read negatively by the stock market. Market participants actively track companies��� net profits and any adverse development does affect valuations. The rupee had positively impacted most of the above companies till last year, but it has depreciated by over 9% in the quarter ended September 2008.
When the rupee depreciates, the value of foreign currency liability denominated in rupee terms increases and vice versa. According to AS-11 stipulations, an increase in liability should be reflected in the quarterly profit and loss statement and will translate into lower corporate profits. Most companies are focused on the domestic market and are therefore unlikely to benefit from a weakening rupee.
The falling rupee will severely affect the small companies, whereas the big ones will be impacted only moderately. Firstsource Solutions may report a net loss, while Tata Steel might see a 100 basis points decline in net profit margin on account of forex losses. To put things in perspective, most companies will experience a 10-50% hit on their operating profits.
Companies such as Reliance Communication, Reliance Industries and Bharti Airtel follow schedule-VI of the Companies Act, instead of AS-11 and are therefore unlikely to see an impact on their quarterly profit and loss statements. The operating profits of the two Reliance companies would have been lower by around Rs 800-900 crore if they had subscribed to the AS11 norms.
Business
Fin Crisis: Too late and too little done in US
“When the US president elect Barrack Obama assumes office in January, the crisis will still be bigger,” Kumar said while delivering lecture on Current Financial Turmoil and Lesson for Future at Ahmedabad Management Association today.
“150 billion $ tax cut package for the housing sector was too little and too late to stem the collapse of a much higher magnitude,” Kumar said adding “Every aspect of financial sector got sucked into the financial turmoil.”
“In last two decades the financial markets in US got deregulated, under the guidance of Alan Greenspan as he worked on assumption that markets are self stabilising, but in a recent testitmony Greenspan admitted he was wrong for 16 years,” Kumar said while quoting a US leading daily.
This deregulation led to the collapse of Lehman Brothers, Bear Stern and other troubled entitites, he added.
“Government has intervened, crisis has slowed down, but there is crisis of confidence now amongst the banks. The financial and money markets work on certain degree of trust and confidence and this should not be shattered at any cost,” he added.”Collapse in US was so sharp against the gradual rise because the banks were interlocked in deals. Due to deregulartion there were instruments promising much higher returns and even a marginal fall in assest pricing triggered it all,” Arun Kumar said.
US economy was thriving on borrowed funds, so post crisis countries such as Japan, China, Iceland, Ukraine and others are in deep trouble. China is finding ways to delink from dollar, after corporate profits began falling showing early signs of heading into recession, Arun Kumar said.
Now protectionism of economy has creeped in due to lack of confidence, that too is dangeorus, he cautioned. So when the US President-elect Barrack Obama joins office he would prioritise job creation in sectors like BPO and call centres, Kumar said adding, in the past 1.5 billion job loss has been reported in US.
So at this historic juncture a out-of-box re-architecturing is required for the $ 600 trillion financial sector, he added.
In the backdrop of such a scenario the G-20 initiative is important and extensive coordination between the government’s including Indian should be evolved to come over it, Kumar added.
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