On Wednesday, US President Donald Trump unveiled a new trade agreement with Vietnam, marking it as the first Asian nation to secure such a deal with the US. This agreement stipulates a 20% tariff on imports from Vietnam, with a higher 40% tariff imposed on goods transhipped from third countries.Although not…
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…
Canada’s decision to scrap a digital service tax on US tech companies this week was aimed at safeguarding trade discussions with President Donald Trump. However, a more significant point of contention in these ongoing negotiations could be agriculture.According to analysts, Canadian Prime Minister Mark Carney found it politically straightforward to abandon…
AstraZeneca Plc (LON: AZN) is in focus this morning following reports that its chief executive – Pascal Soriot is considering moving the giant’s listing to the US.The pharmaceutical behemoth’s potential departure from the London Stock Exchange (LSE) will be more than just a corporate reshuffling – it could actually prove…
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…
Rigetti Computing Inc (NASDAQ: RGTI) is inching up this morning after Troy Jensen, a Cantor Fitzgerald analyst, issued a bullish note in its favour.Jensen recommended loading up on RGTI shares at current levels in his research note, saying they are strongly positioned to blow past its May high.Despite today’s gain,…
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…
Nike Inc (NYSE: NKE) could receive a $150 million boost from the expected launch of a signature Caitlin Clark shoe in spring 2026 – according to a sneaker industry veteran, Nick DePaula.His remarks arrive shortly after the Trump administration announced a finalised trade agreement with Vietnam that lowered the tariffs…
Asian stock markets presented a mixed picture at Thursday’s open, with Vietnamese equities surging to a more than three-year high as investors reacted to news of a new trade agreement with the United States, announced by President Donald Trump. While this development fueled optimism in some corners, other regional markets,…
European stock markets started Thursday’s session on a positive note, with major indices broadly higher as investors appeared to shake off some of the political uncertainty that had rattled UK markets in the previous session. The focus is now shifting to key US jobs data due for release later today,…