In a meeting scheduled for Thursday, eight OPEC+ member countries will convene to address the pressing issue of Kazakhstan’s consistent overproduction of its assigned output quota, Reuters reported on Wednesday. The primary focus of the discussions will revolve around strategising effective ways to persuade Kazakhstan to adhere to its quota and…
Brazil’s new payroll-deductible loans to private sector workers totaled 2 billion reais ($352 million), presidential chief of staff Rui Costa said on Wednesday. According to Reuters, its implementation comes on the heels of new government regulations increasing access to financing for private-sector employees in an important change in Brazilian economic direction…
Donald Trump delivered his closely-watched Liberation Day tariff event on Wednesday. To most watchers, his speech was much severe than expected as he announced a 10% universal tariff on all goods coming to the US. Trump’s goals with these tariffs are to raise money to offset his planned tax cuts, reduce…
US stock index futures plummeted on Thursday as investors gave a thumbs down approval to Donald Trump’s tariffs. Dow Jones Index futures plummeted by almost 1,000 points, while those tied to the S&P 500 and Nasdaq 100 fell by 170 points and 700 points, respectively. Popular ETFs like the DIA, QQQ,…
US President Donald Trump will host El Salvador’s President Nayib Bukele at the White House on April 14, with talks expected to centre on cooperation around border security, criminal deportation, and a possible on Bitcoin.The invitation follows Trump’s public praise of Bukele’s ongoing efforts to clamp down on organised crime…
US President Donald Trump has imposed the steepest American tariffs in a century, targeting over 60 nations in a sweeping trade measure aimed at addressing what he calls unfair trade imbalances. India has been hit with a 26% tariff on its exports to the US, making it one of the…
Gold prices retreated from fresh record highs on Thursday, but experts see downside limited in the yellow metal. The most-active gold contract on COMEX climbed to nearly $3,200 per ounce earlier in the day. However, prices have since then pulled back. At the time of writing, the June gold contract on COMEX…
Pharmaceutical stocks saw strong gains on Thursday after US President Donald Trump announced that pharmaceuticals would be exempt from the latest round of reciprocal tariffs on global imports. The exemption has provided a much-needed boost to the sector, particularly for Indian and European drugmakers, which rely heavily on US sales.However,…
Rioja, a wine-producing region in Spain, has seen its wine stockpiles grow since the pandemic.Wine producers in the region had hoped to increase exports of their tannic red wines to the US market, but those hopes were fading ahead of President Donald Trump’s tariff announcement, which he referred to as…
As President Donald Trump unveiled sweeping tariffs against America’s trading partners, he repeatedly emphasized that each country’s rate was determined by a reciprocal formula—meant to reflect long-standing trade barriers imposed on US goods. However, the methodology behind the calculations remained unclear until a later clarification by the White House and…