Chinese e-commerce companies are stepping up to help the country’s exporters tap the domestic market as the US-China trade war intensifies with both countries levying dizzyingly high tariffs against each other’s imports. China’s e-commerce heavyweight JD.com announced on Friday it will set up a 200 billion yuan ($27.35 billion) fund…
Argentine peso futures have fallen sharply in recent days, reflecting traders’ growing concerns about the currency’s prospects.According to a Reuters report, market participants are concerned about the potential impact on the peso as the country navigates a challenging financial landscape marked by strong capital controls, a crawling peg exchange rate,…
Consumer confidence in the United States has slumped to its weakest level in over ten years, undercut by escalating trade tensions and growing fears of inflation and job losses. The latest survey from the University of Michigan, released Friday, revealed that its closely watched consumer sentiment index dropped to 50.8…
Shandong’s crude stockpiles reached record highs in March amid intensifying US sanctions. This was due to Chinese teapot refiners increasing their imports of sanctioned crude, defying the US sanctions, Vortexa said in a report.China’s seaborne crude imports, driven mostly by record Iranian crude arrivals into the Shandong region, reached 10.6 million…
Indian equity markets are expected to open on a strong note on Friday, with GIFT Nifty futures trading 467 points higher at 22,954, pointing towards a significant gap-up opening for benchmark indices. However, traders should brace for potential volatility as global sentiment remains fragile amid escalating US-China trade tensions and…
Indian equity markets experienced a jubilant session on Friday, marked by a broad-based rally led by soaring metal stocks. The surge was fueled by the US’s decision to suspend additional tariffs on India until July 9, providing a welcome boost to investor sentiment and lifting market confidence.The Sensex traded 1569.01…
Chinese e-commerce companies are stepping up to help the country’s exporters tap the domestic market as the US-China trade war intensifies with both countries levying dizzyingly high tariffs against each other’s imports. China’s e-commerce heavyweight JD.com announced on Friday it will set up a 200 billion yuan ($27.35 billion) fund…
Argentine peso futures have fallen sharply in recent days, reflecting traders’ growing concerns about the currency’s prospects.According to a Reuters report, market participants are concerned about the potential impact on the peso as the country navigates a challenging financial landscape marked by strong capital controls, a crawling peg exchange rate,…
Consumer confidence in the United States has slumped to its weakest level in over ten years, undercut by escalating trade tensions and growing fears of inflation and job losses. The latest survey from the University of Michigan, released Friday, revealed that its closely watched consumer sentiment index dropped to 50.8…
Asian-Pacific markets tumbled on Friday, with Japan taking the brunt of the selling pressure, as Wall Street experienced renewed losses overnight. The renewed risk-off sentiment stems from escalating trade war tensions between the world’s two largest economies, offsetting earlier optimism following a brief tariff reprieve.Australia’s S&P/ASX 200 fell 2.28%, reflecting…