Reported 18 days ago
The Australian dollar fell by 1% amid escalating U.S.-China trade tensions, while safe haven currencies, like the Swiss franc and Japanese yen, gained strength. The decline followed President Trump's tariff threats on Chinese goods, highlighting ongoing strains in diplomatic relations. As investors sought refuge, the Aussie dollar reached its lowest in nearly two months, and concerns about trade impacts persisted across global markets.
Source: YAHOO
Reported 18 days ago
Source: BARRONS
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Morgan Advanced Materials' shares fell nearly 14% following a forecast indicating annual sales will be lower than last year due to weak semiconductor demand and uncertainty in European industrial markets. The company's adjusted operating profit margin is expected to decrease to around 10%, down from 11.7% in 2024, exacerbated by high customer inventories and geopolitical tensions impacting client sentiment.
Source: YAHOO
Reported 18 days ago
Oil prices have dropped as concerns about ongoing trade tensions between the U.S. and China affect market sentiment. Brent crude futures decreased by 1.6% to $62.31 a barrel, while U.S. West Texas Intermediate crude also fell by 1.6%. The International Energy Agency has raised its forecast for oil supply growth while lowering demand growth expectations, creating a challenging economic backdrop. Recent developments, including sanctions and tariff threats, are adding to the uncertainty.
Source: YAHOO
Reported 18 days ago
In a significant meeting, President Trump and China's Xi Jinping discussed a potential trade truce, with Trump proposing the elimination of fentanyl-related tariffs if China curtails exports. The US tariff on fentanyl products may be reduced from 20% to 10%, cutting overall tariffs on China from 57% to 47%. In exchange, China will pause export controls on rare earth minerals and agree to purchase substantial quantities of US soybeans. Despite skepticism about the durability of this agreement, both leaders express optimism about stabilizing trade relations.
Source: YAHOO
Reported 18 days ago
On October 14, 2025, stock markets showed mixed results as the Dow Jones managed a 0.4% increase while the S&P 500 fell 0.2% and the tech-heavy Nasdaq Composite declined by 0.8%. The volatility was driven by escalating trade tensions between the US and China, highlighted by President Trump's threats to halt purchases of Chinese cooking oil in retaliation for China's refusal to buy US soybeans. Meanwhile, Federal Reserve Chair Jerome Powell indicated potential fiscal easing with rising downside risks to employment. Earnings reports from major banks, alongside significant moves in tech stocks like Nvidia and AMD, compounded market fluctuations.
Source: YAHOO
Reported 18 days ago
Source: BARRONS
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Airbound, an Indian startup founded in 2020, has successfully raised $8.65 million in seed funding to develop ultra-light, rocket-like drones for one-cent parcel deliveries. The company aims to achieve significantly lower delivery costs compared to traditional methods by using a unique tail-sitter design and blended-wing-body aircraft, which offers better aerodynamic efficiency. Airbound's first pilot program with a private hospital will test its drone capabilities, with plans to expand operations and enter the U.S. market after scaling to one million deliveries per day by mid-2027.
Source: YAHOO
Reported 18 days ago
Source: BARRONS
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Source: YAHOO
Reported 18 days ago
In its Q3 trading update, BP forecasts increased upstream production and improved refining margins compared to the previous quarter. They expect higher gas output from their U.S. operations, although oil trading results could be weak with modest asset impairments predicted. Refining margins rose sharply, while reported upstream production is set to increase, aided by both oil and gas contributions. Despite challenges such as unplanned downtime and compliance costs in its operations, BP maintains its full-year capital expenditure guidance and projects net debt will remain stable.
Source: YAHOO
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Since September, Chinese companies producing rare earth magnets have experienced increased scrutiny in their export license applications, raising concerns about a potential reduction in shipments despite earlier commitments to boost exports. Lengthy approvals reminiscent of the trade war era have led to delays, causing anxiety among foreign clients seeking orders before new regulations take effect. The recent tightening of controls follows a significant drop in China's rare earth exports.
Source: YAHOO
Reported 18 days ago
Source: WSJ
Reported 18 days ago
Google is set to invest approximately $15 billion in a new AI infrastructure hub in southern India, specifically in Visakhapatnam, over the next five years. This marks Google's largest investment in the country to date, aiming to enhance local AI capabilities and contribute to economic growth. The project, set to be developed in partnership with Indian firms such as AdaniConneX and Bharti Airtel, aligns with India's goal to expand its data center market, projected to exceed $100 billion by 2027.
Source: YAHOO
Reported 18 days ago
In a recent meeting, President Trump threatened to withdraw U.S. support for Argentina if the upcoming elections favor leftist candidates, insisting that the $20 billion assistance is aimed at bolstering President Javier Milei’s reform agenda. Despite controversy over the U.S. intervention in Argentina's financial crisis, Trump emphasized the necessity of helping a nation aligned with America's political values. This support comes amid Milei's efforts to stabilize Argentina's economy ahead of crucial midterm elections.
Source: YAHOO
Reported 18 days ago
Source: WSJ
Reported 18 days ago
The United Arab Emirates is set to bring online the first 200 megawatts of its planned 5-gigawatt Stargate AI campus next year, as part of efforts to establish itself as a global AI hub. The project, backed by G42 and partners like Nvidia and OpenAI, aims to utilize nuclear, solar, and natural gas power. However, final agreements on the campus are pending due to security concerns related to the UAE's relations with China.
Source: YAHOO
Reported 18 days ago
Source: BARRONS
Reported 18 days ago
The US dollar experienced a brief rebound before retreating due to increasing tensions in US-China trade relations, leading investors to seek safety in currencies like the yen and Swiss franc. Beijing's countermeasures against US-linked firms and the introduction of new port fees heightened market fears, causing the euro and sterling to gain while the Australian and New Zealand dollars dropped. Analysts highlight that the trade conflict's underlying issues persist, indicating ongoing volatility in the currency markets.
Source: YAHOO