Emerging Assets Gain as Mideast Tension Eases with Ceasefire
Emerging market assets advanced after US President Donald Trump announced a ceasefire between Israel and Iran, bolstering risk sentiment across the region.
MSCI's gauge of emerging market currencies, a total return index that includes interest earned, rose 0.4% on Tuesday during Asian trading. The South Korean won and the Philippine peso led the advance. A regional stock index surged as much as 1.6%, while South Korea's Kospi jumped 2.8%.
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Forbes
38 minutes ago
- Forbes
These Are The 25 Bestselling Whisky Brands In The World
It might have a Scottish-sounding name, but Indian brand McDowell's is the bestselling whisky in the ... More world, if you're flexible on your definition of 'whisky'. In 2018, I was trying to find a list of the bestselling whiskies in the world by volume and was struggling. While that information was easy to find for separate categories, such as Scotch or Bourbon, I quickly wrote up what (I think) was one of the first lists that actually collated the bestselling global brands. It's been a while since I wrote the last one though, so I thought it's high time to update the list given that The Spirits Business recently released its 2025 Brand Champions report covering sales of all kinds of drinks from around the world. I've simply pulled the figures from the report covering whisky and collated it here into an easy-reading list. Some notes. The figures below incorporate sales from 2024, covering millions of 9-liter cases sold. So for example, 1 million cases sold means a total of 9 million liters. If you don't follow whisky and drinks trends, you'll be surprised to see just how much Indian whisky is sold (almost all of it consumed domestically). For those who do follow these kinds of figures, you'll be surprised to see that Johnnie Walker has finally managed to break into the top 4 which for the last few years was dominated by Indian brands McDowell's, Royal Stag, Imperial Blue, and Officer's Choice. As you'll see from the figures below, the latter has taken a hit in sales compared to Johnnie Walker's smaller dip. At the bottom of the article is a quick little graph I drafted up with the figures in case it's useful. And finally, I'm not picky at all about what gets counted as 'whisky' here. If it's labelled as 'whisky' in the report, then it makes this list. This is an important distinction especially when it comes to many Indian whisky brands, which often incorporate molasses in their production (these are classified within the country as 'Indian-made foreign liquor, or IMFL). With that, the world's bestselling whiskies are: 1. McDowell's Whisky Owner: United SpiritsCountry: IndiaSales: 2020: 25.7m | 2021: 30.1m | 2022: 30.8m | 2023: 31.4m | 2024: 32.2mGrowth: +2.6% 2. Royal Stag Owner: Pernod RicardCountry: IndiaSales: 2020: 18.5m | 2021: 22.4m | 2022: 27.1m | 2023: 27.9m | 2024: 31.0mGrowth: +11.1% 3. Imperial Blue Owner: Pernod RicardCountry: IndiaSales: 2020: 21.3m | 2021: 24.1m | 2022: 24.0m | 2023: 22.8m | 2024: 22.9mGrowth: +0.5% 4. Johnnie Walker Owner: DiageoCountry: ScotlandSales: 2020: 14.1m | 2021: 19.1m | 2022: 22.7m | 2023: 22.1m | 2024: 21.6mGrowth: –2.0% 5. Officer's Choice Owner: Allied Blenders & DistillersCountry: IndiaSales: 2020: 20.8m | 2021: 23.2m | 2022: 24.9m | 2023: 23.4m | 2024: 21.3mGrowth: –9.0% 6. Jim Beam Owner: Suntory Global SpiritsCountry: USASales: 2020: 16.4m | 2021: 17.0m | 2022: 16.6m | 2023: 17.0m | 2024: 17.5mGrowth: +2.9% 7. Jack Daniel's Owner: Brown-FormanCountry: USASales: 2020: 12.3m | 2021: 13.5m | 2022: 14.6m | 2023: 14.3m | 2024: 14.1mGrowth: –1.5% 8. Jameson Owner: Pernod RicardCountry: IrelandSales: 2020: 7.7m | 2021: 9.6m | 2022: 11.1m | 2023: 10.2m | 2024: 10.8mGrowth: +6.3% 9. Blenders Pride Owner: Pernod RicardCountry: Whisky – IndianSales: 2020: 6.6m | 2021: 8.0m | 2022: 9.5m | 2023: 9.6m | 2024: 10.1mGrowth: +5.0% 10. 8PM Owner: Radico KhaitanCountry: Whisky – IndianSales: 2020: 9.4m | 2021: 11.4m | 2022: 11.9m | 2023: 12.2m | 2024: 9.6mGrowth: –20.8% 11. Ballantine's Owner: Pernod RicardCountry: Whisky – ScotchSales: 2020: 7.0m | 2021: 8.7m | 2022: 9.2m | 2023: 8.2m | 2024: 9.3mGrowth: +13.9% 12. Royal Challenge Owner: United SpiritsCountry: Whisky – IndianSales: 2020: 4.3m | 2021: 4.7m | 2022: 7.2m | 2023: 8.6m | 2024: 9.1mGrowth: +6.7% 13. Crown Royal Owner: DiageoCountry: Whisky – CanadianSales: 2020: 8.1m | 2021: 9.0m | 2022: 8.4m | 2023: 7.7m | 2024: 8.0mGrowth: +4.0% 14. Iconiq White Whisky Owner: Allied Blenders & DistillersCountry: Whisky – IndianSales: 2020: N/A | 2021: N/A | 2022: N/A | 2023: 1.6m | 2024: 4.5mGrowth: +181.3% 15. Chivas Regal Owner: Pernod RicardCountry: Whisky – ScotchSales: 2020: 3.2m | 2021: 4.1m | 2022: 5.2m | 2023: 4.6m | 2024: 4.8mGrowth: +4.8% 16. Kakubin Owner: Suntory Global SpiritsCountry: Whisky – JapaneseSales: 2020: 3.7m | 2021: 3.6m | 2022: 4.3m | 2023: 4.2m | 2024: 4.0mGrowth: –4.5% 17. Black Nikka Owner: Asahi BreweriesCountry: Whisky – JapaneseSales: 2020: 3.3m | 2021: 3.3m | 2022: 3.5m | 2023: 4.0m | 2024: 4.0mGrowth: 0.0% 18. Sterling Reserve Owner: Allied Blenders & DistillersCountry: Whisky – IndianSales: 2020: 2.8m | 2021: 3.6m | 2022: 5.0m | 2023: 5.1m | 2024: 3.9mGrowth: –23.5% 19. Director's Special Owner: United SpiritsCountry: Whisky – IndianSales: 2020: 3.1m | 2021: 2.9m | 2022: 3.0m | 2023: 3.3m | 2024: 3.6mGrowth: +9.4% 20. Canadian Club Owner: Suntory Global SpiritsCountry: Whisky – CanadianSales: 2020: 5.9m | 2021: 6.2m | 2022: 6.5m | 2023: 6.2m | 2024: 5.3mGrowth: –15.2% 21. Signature Owner: United SpiritsCountry: Whisky – IndianSales: 2020: 1.9m | 2021: 2.0m | 2022: 2.5m | 2023: 2.9m | 2024: 3.3mGrowth: +13.4% 22. Dewar's Owner: BacardiCountry: Whisky – ScotchSales: 2020: 2.5m | 2021: 2.8m | 2022: 3.5m | 2023: 3.3m | 2024: 3.3mGrowth: +1.8% 23. Evan Williams Owner: Heaven Hill BrandsCountry: Whiskey – AmericanSales: 2020: 3.0m | 2021: 3.1m | 2022: 3.1m | 2023: 3.1m | 2024: 3.1mGrowth: –1.3% 24. William Lawson's Owner: BacardiCountry: Whisky – ScotchSales: 2020: 3.3m | 2021: 3.4m | 2022: 3.5m | 2023: 3.4m | 2024: 3.2mGrowth: –4.4% 25. Black & White Owner: DiageoCountry: Whisky – ScotchSales: 2020: 2.9m | 2021: 3.1m | 2022: 3.6m | 2023: 3.2m | 2024: 3.0mGrowth: –5.4% And here is the data in chart form below: The world's bestselling whiskies, as reported by the Spirits Business 2025 Brand Champions report.
Business Insider
38 minutes ago
- Business Insider
Stock Futures Rise as Trump Signals Israel-Iran Ceasefire Timeline
U.S. stock futures trended higher after President Donald Trump announced a ceasefire timeline between Israel and Iran. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) were up 0.72%, 0.42%, and 0.51%, respectively, at 8:46 p.m. EST, June 23. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter All three major indexes ended Monday's regular session in green, recovering from geopolitical tensions. Stocks rallied after Iran hit a U.S. base in Qatar in response to U.S. strikes on its nuclear sites. The S&P 500 rose 0.96%, the Nasdaq Composite gained 0.94%, and the Dow Jones climbed nearly 375 points. Oil prices, which had spiked overnight to their highest levels since January, pulled back sharply on Monday. At the time of writing, U.S. crude futures slipped 3.49% to around $66.12 a barrel.
The Hill
42 minutes ago
- The Hill
US strikes on Iran add to global travel disruptions and flight cancellations
NEW YORK (AP) — The U.S. entry into Israel's war with Iran has caused travel disruptions to pile up globally. Following unprecedented bombings ordered by President Donald Trump on three Iranian nuclear and military sites over the weekend, Iran on Monday launched a missile attack on U.S. forces at Qatar's Al Udeid Air Base. Qatar had closed its airspace just hours earlier, after both the U.S. and U.K. also urged their citizens to shelter in place there. The region has been on edge following the weekend strikes from the U.S. — and since Israel began the war with a surprise bombardment on Iran, which has responded with its own missile and drone strikes, earlier this month. As deadly attacks escalated between Israel and Iran, sections of airspace and airports throughout the region have temporarily closed. And airlines canceled more flights in recent days, with some halting select routes through the middle of the week — particularly in Qatar and the United Arab Emirates, just across the Persian Gulf from Iran. The Middle East carriers were severely affected with cancellations and delays. Qatar Airways said its flights were suspended because of the closure of air traffic in Qatar. 'The airline is working closely with government stakeholders and the relevant authorities to support impacted passengers, and will resume operations when the airspace reopens,' it said, while warning that delays were likely even after operations resume. Additional ground staff was sent to Hamad International Airport and other key airports to assist affected passengers, it said. Emirates suspended all flights to Iran and Iraq, including those serving Baghdad and Basra, until and including Monday 30 June 2025. An unspecified number of other Emirates flights were rerouted but continuing to operate flights as scheduled, using flight paths well distanced from conflict areas. Some flights may be delayed. Etihad Airways, the other of the two flag carriers of the United Arab Emirates, suspended all flights between Abu Dhabi and Tel Aviv through 15 July, and also announced several regional flight cancellations for Monday and Tuesday, including those connecting Abu Dhabi to and from Kuwait, Doha, Dammam and Muscat. Gulf Air, the carrier of the Kingdom of Bahrain, extended the cancellation of scheduled flights to Jordan and until June 27. 'As the safety of its passengers and crew members remains a top priority, Gulf Air will continue to monitor developments in the region closely, and work with its partners to help accommodate and reroute passengers affected by these flight cancellations,' it said. Singapore Airlines, for example, canceled some flights to and from Dubai starting Sunday and through Wednesday, citing 'a security assessment of the geopolitical situation in the Middle East.' And British Airways has similarly suspended flights to and from Doha through Wednesday. 'Safety is always our highest priority,' British Airways said in a statement confirming its cancellations to The Associated Press, adding that it 'will keep the situation under review.' Air India on Monday announced it was ceasing 'all operations to the region as well as to and from the East Coast of North America and Europe' immediately until further notice. The airline, which is still reeling from a plane crash that killed at least 270 people earlier this month, added that India-bound flights from North America were being diverted or rerouted away from closed airspaces. Air tracking data from FlightAware showed 243 cancellations worldwide as of Tuesday. Dubai International Airport topped the list with 26 cancellations in and out of the airport as of 0600 GMT. And Air India had had the highest amount of cancellations among carriers, totaling 25 at about 0600 GMT. In other developments, Philippine Airlines canceled several flights to the Middle East, including those to Doha, Dubai and Riyadh for Tuesday and one to Doha Wednesday. Japan Airlines said a flight from Tokyo's Haneda airport to Doha had to return Monday, and subsequently scheduled flights have all been canceled through June 27. Such disruptions have snarled travel, particularly as central hubs in the Middle East often connect flights worldwide — but experts stress that these kind of airspace closures and flight diversions are critical to ensuring safety, especially if future escalation emerges suddenly. 'It is the responsibility of states, countries to ensure that their airspace is safe for passage of aircraft,' Hassan Shahidi, president and CEO of the Flight Safety Foundation. He added that on Monday 'the Qataris did the absolutely right thing to close their airspace because of the threat of conflict.' Beyond Qatari airspace, Flightradar24 reported that UAE airspace was also closed on Monday. After several hours of diversions, flights appeared to be landing and taking off in the country again. Monday marks the latest 'dramatic increase' in this kind of impact, said Ian Petchenik, director of communications at Flightradar24. And while the future is unknown, he added that it's important to remember airspace closures and flight cancellations reflect that 'airlines, air traffic controllers and flight crews are doing their best to keep everybody safe.' Shahidi adds that it's important for travelers to monitor government guidance — such as safety notices from the U.S. State Department. How long the war lasts and what, if any, future escalation comes next could carry more widespread implications. Beyond disrupting global flight networks farther down the road, Shahidi stresses that it's very difficult for people who may need or want to evacuate countries impacted by the war to do so without access to commercial flights. At the same time, he adds, it's critical that state authorities focus on keeping their skies safe — pointing to past tragedies of passenger flights that were shot down by strikes. That includes Malaysia Airlines Flight 17, which was shot down by Russian-backed forces while flying over Ukraine in 2014, killing 298 people. 'We are all praying and urging resolution to this conflict — and especially as it relates to protection of civilian air travel,' Shahidi said. 'We do not want to have an MH17, with innocent lives being lost in a missile strike … We do not want to repeat that history.'
