Investors across the world look cautious amid major economic movements, especially the uncertainty around the July 9 tariff deadline set by US President Donald Trump.Asian markets traded mixed on Thursday as most of the indices remained flat while investors looked bullish in Japan and South Korea.As the United States House…
The Minerals Council of South Africa has stated that the proposed chrome ore export tax will negatively impact the profitability of miners and result in job losses throughout the sector, according to a Reuters report.South Africa stands out as Africa’s most advanced economy, and it holds a dominant position in…
For the first time since the collapse of Bretton Woods in 1973, the US dollar has fallen more than 10% in a single half-year. The decline is sharp, but not entirely surprising. When a confluence of erratic fiscal policy, rising debt, and institutional uncertainty all come together, something is bound to…
TripAdvisor shares rallied for a second straight day on Thursday after activist investor Starboard Value was reported to have taken a more than 9% stake in the company, worth about $160 million.The news, first reported by The Wall Street Journal, sent TripAdvisor stock more than 5% higher in premarket trading,…
Del Monte Foods, the American packaged food maker behind brands like Del Monte, Contadina, and College Inn, has filed for Chapter 11 bankruptcy as it looks to sell off most of its assets.The company, which operates under Singapore-based parent Del Monte Pacific, has struck a restructuring agreement with a group…
The Mexican peso, one of the top-performing emerging market currencies this year, is expected to lose ground in the coming months as a temporary pause on US tariffs expires next week, according to a Reuters poll of foreign exchange strategists.After strengthening to its highest level in nearly a year during…
President Donald Trump on Wednesday announced that the United States has reached a new trade agreement with Vietnam that includes a 20% tariff on all imports from the Southeast Asian nation and a steeper 40% tariff on goods transshipped through Vietnam from other countries.The deal, which Trump disclosed in a…
Italian fashion house Armani Group recently reported a 5% decrease in sales for the past year, attributing the downturn to broader macroeconomic uncertainty and a deceleration in demand from the Chinese market. The Giorgio Armani established company disclosed net consolidated revenue of €2.3 billion ($2.7 billion) for 2024. Concurrently, its…
Despite gold prices consolidating above $3,300, new bullish momentum is proving elusive as investors adjust to these elevated levels. Nevertheless, one fund manager asserts that the current valuation is entirely warranted.Gold is holding steady, with no significant weakness expected, as US debt continues to spiral, according to Robert Minter, Director of…
Private student lenders such as SoFi Technologies Inc. could emerge as major beneficiaries of President Donald Trump’s proposed tax legislation, which introduces new limits on how much students and parents can borrow from the federal government. The bill, passed by the Senate and awaiting a vote in the House, is…