The August 1 deadline has arrived, and with it, a new era of US trade policy. President Donald Trump’s administration has officially announced its “reciprocal” tariff rates on countries around the globe, sticking to a steep 25% tariff on India, while surprisingly slashing rates for other South Asian nations like…
Concerns about potential supply disruptions, which had temporarily driven up prices, have been alleviated by Russia’s agreement to a 10-to-12-day deadline to end its invasion and implement a complete ceasefire in Ukraine.Trade flows are expected to be hit with the latest US deadline and the previous EU sanctions on Russian…
Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens of trading partners. The move sparked a retreat from riskier regional assets, highlighting investor anxiety about the direction of global…
China looked unstoppable a decade ago. Its economy roared. Cities grew. Factories churned.A familiar story was told that China would overtake the US and a new world order would begin.But this hasn’t been the case.China’s growth has slowed instead. Cracks in the country’s economy and society are becoming more evident.Meanwhile,…
Indian refiners may find it difficult to replace Russian crude oil volumes completely, which is likely to drive up crude prices, according to Commerzbank AG. US President Donald Trump of the US has issued a threat of unspecified punitive tariffs against India. These tariffs would be in addition to the existing…
The Trump administration on Thursday rolled out a sweeping set of tariffs on imports from a wide range of countries, continuing his aggressive trade policy that’s likely to raise prices at home and stir tensions abroad.Set to take effect from Friday, the tariffs range from 15% to as high as…
Gold prices are expected to remain elevated in the medium-term as trade tensions and geopolitical woes keep the safe-haven interest among investors. Even as the US Federal Reserve’s hawkish tone at its last policy meeting weighed on the yellow metal, experts believe that gold prices could get a boost from trade-related…
China summoned Nvidia to address security concerns regarding its H20 artificial intelligence chips sold in the Chinese market.The Cyberspace Administration of China (CAC), the country’s top internet regulator, convened a meeting with Nvidia representatives to investigate potential “backdoor security risks” and vulnerabilities in the H20 chips.This scrutiny comes amid revelations…
The so-called renewed meme stock phenomenon this year is nothing like the one the world witnessed in 2021, says Vlad Tenev, the chief executive of Robinhood Markets Inc (NASDAQ: HOOD).Tenev made the revelation in a post-earnings interview with CNBC today.On Thursday, Robinhood reported another strong quarter, with net income more…
Figma made a stunning entrance on the New York Stock Exchange on Thursday, with its shares more than tripling in value in early trading. The design software firm’s IPO, priced at $33 per share, saw its first trade at $85 and surged past $112 before trading was temporarily halted. The…