Reported 4 months ago
In April, President Trump began easing his previously hardline tariff measures, marking a notable shift in his trade policy. After implementing historic tariffs, he made at least five significant rollbacks, including a pause on reciprocal tariffs and exemptions for key technology imports from China. While stock markets reacted positively to these moves, uncertainty remains as Trump's concessions are described as temporary, maintaining the potential for future disruptions in trade negotiations.
Source: YAHOO
Reported 4 months ago
At a recent news conference, Bank of Japan Governor Kazuo Ueda maintained the current interest rates while downgrading growth forecasts due to uncertainties surrounding U.S. tariffs. Despite challenges, he expects inflation to remain on course to reach the 2% target over the next few years, albeit with potential delays. Ueda highlighted concerns about global trade dynamics and emphasized the need for a cautious approach to monetary policy amid fluctuating economic conditions.
Source: YAHOO
Reported 4 months ago
Rolls-Royce, the British engineering firm, expressed confidence in achieving its 2025 profit targets despite uncertainties stemming from global tariffs. The company is implementing a transformation plan to enhance margins and adapt to changing market conditions. CEO Tufan Erginbilgic highlighted their proactive measures to counter the effects of tariffs imposed amidst the ongoing trade tensions between the U.S. and China.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund reports that tariffs, fluctuating oil prices, and various uncertainties are adversely impacting the economies of Middle Eastern countries.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund has highlighted significant economic growth challenges for countries in the Middle East and North Africa, attributing these issues to tariff measures, declining oil prices, and cuts in financial aid.
Source: YAHOO
Reported 4 months ago
The International Monetary Fund (IMF) warns that Middle Eastern and North African economies are facing significant growth challenges due to tariff measures, declining oil prices, and reduced financial aid. The IMF report forecasts oil prices to average between $65 to $69 per barrel, making energy-dependent economies vulnerable. Moreover, geopolitical tensions and cuts in foreign assistance, particularly from the U.S., are contributing to economic uncertainty, potentially leading to a growth reduction of 2% to 4.5%. While some Gulf economies continue to attract foreign investment, others in the region struggle. The IMF suggests that structural reforms and economic diversification can help drive growth despite the challenges.
Source: YAHOO
Reported 4 months ago
According to the Dutch economic policy advisor CPB, the trade tariffs announced by U.S. President Donald Trump could diminish the Netherlands' economic growth by one percentage point through 2026. The CPB forecasts a reduction of 0.4 percentage points in growth for this year and 0.6 percentage points in 2026, with investments taking the largest hit due to global economic uncertainty. Despite this, Dutch exports will be less severely affected since trade with the U.S. comprises only 6% of total exports.
Source: YAHOO
Reported 4 months ago
Tesla Chair Robyn Denholm stated that reports about the board seeking a new CEO to replace Elon Musk are completely false, emphasizing their confidence in Musk’s leadership and the company's growth plans.
Source: YAHOO
Reported 4 months ago
Crypto enthusiasts flocked to Dubai for a conference as excitement over Donald Trump's crypto policies fades. Despite a drop in cryptocurrency prices, the industry is seeing significant investments, with the UAE emerging as a key hub for crypto firms. Speakers included major industry leaders and Eric Trump, who highlighted ongoing support for crypto adoption in the region.
Source: YAHOO
Reported 4 months ago
The Bank of Japan has lowered its growth and inflation forecasts while maintaining interest rates, leading to a decline in the yen against the dollar and a drop in Japanese government bond yields. Economists suggest that the BOJ's cautious stance reflects uncertainty stemming from U.S. trade policies, making future rate hikes less likely. This pessimistic outlook has prompted market reactions, including a sell-off of yen and an increase in bond purchases.
Source: YAHOO
Reported 4 months ago
Global shares saw a rise in subdued trading on Labor Day, as many markets were closed. The S&P 500 futures jumped 1.5%, and Tokyo's Nikkei gained 1.1%. The Bank of Japan kept interest rates unchanged but scaled back economic growth forecasts, raising concerns about the impact of U.S. policies. Investors remain wary of the uncertainty driven by President Trump's trade war, which has led to fears of stagflation in the U.S. economy.
Source: YAHOO
Reported 4 months ago
Fonterra is reportedly attracting bids from companies including Meiji, Lactalis, Saputo, and Warburg Pincus for its global consumer businesses, which encompass brands like Mainland butter and Anlene milk powder. The potential sale is valued at approximately NZ$4 billion as Fonterra aims to refocus on its core milk processing activities. The company plans to finalize its decision on either divesting or pursuing an IPO by mid-2025, holding a vote among farmer shareholders for their input.
Source: YAHOO
Reported 4 months ago
Thailand's finance minister announced plans to negotiate tariffs to align them with those of trade competitors, in response to expected temporary economic disruptions from U.S. tariffs. The country is particularly affected by a potential 36% tariff set to take effect if a reduction is not negotiated before July.
Source: YAHOO
Reported 4 months ago
Australia has recorded its best export performance to the United States, achieving a trade surplus of A$4.1 billion in the first quarter of 2025, largely driven by a surge in gold exports amidst President Trump's tariff policies. Gold exports rose dramatically as U.S. buyers sought to stock up on gold amid market uncertainty, which contributed to Australia's overall goods surplus of A$6.9 billion in March, surpassing market expectations.
Source: YAHOO
Reported 4 months ago
U.S. stock futures rose following impressive earnings reports from Microsoft and Meta, easing investor fears of an economic slowdown amidst tariff concerns. Microsoft saw significant gains in its stock due to strong performance in cloud and AI sectors, while Meta's positive forecast mitigated worries about advertising impact from tariffs. Wall Street is now looking ahead to earnings reports from Apple and Amazon.
Source: YAHOO
Reported 4 months ago
Microsoft shares experienced a significant surge in after-hours trading following the company's promising fiscal third-quarter results, driven largely by growth in its cloud division. Analysts suggest keeping an eye on critical price levels around $442 and $468 for potential resistance, while support levels of $395 and $359 should be monitored during any future pullbacks. The stock has recently shown strong upward momentum, setting the stage for a potential long-term bullish reversal.
Source: YAHOO
Reported 4 months ago
S&P Global Ratings has downgraded Woodside Petroleum's credit outlook from 'stable' to 'negative' after the company announced a $17.5 billion final investment decision on its Louisiana liquefied natural gas project. The decision to proceed with this project without a significant reduction in offtake exposure has diminished Woodside's ratings potential, although the company retains a 'BBB+' rating. Woodside's CEO has indicated intentions to dilute stakes further in this venture, as the project faces market risks that may affect its financial stability.
Source: YAHOO
Reported 4 months ago
Tesla's chair Robyn Denholm refuted a Wall Street Journal report claiming the board was seeking new CEO candidates, asserting confidence in Elon Musk's leadership. Musk himself labeled the article as false, amidst concerns over his political commitments affecting Tesla's performance. With rising competition, Musk's focus has shifted from affordable EVs to AI and robotics, impacting the company's direction and investor sentiment.
Source: YAHOO
Reported 4 months ago
In April, the average price of resale homes in 100 Chinese cities dropped by 0.7% month-on-month, according to a report by the China Index Academy. The decline is attributed to more properties being listed for sale, increasing competition among buyers. Following the lifting of resale restrictions in certain cities, the number of listings rose significantly. With 70% of household wealth tied to real estate, a stabilization in the housing market could mitigate potential economic impacts from a trade war with the U.S. However, home prices have reportedly decreased by 20-30% since August 2021, with average resale prices falling 7.2% year-on-year in April.
Source: YAHOO
Reported 4 months ago
The Bank of Japan maintained its interest rates at 0.5% while significantly reducing its economic growth forecasts due to concerns over the impact of higher U.S. tariffs on global demand, which poses challenges to Japan's economic recovery. BOJ Governor Kazuo Ueda is set to address the media regarding this decision.
Source: YAHOO
Reported 4 months ago
Donald Trump claims to be off to the best start as President, yet economic indicators tell a different story. While job growth has been strong in his early months, the economy actually contracted, influenced by surging imports due to his tariff strategies. Consumer and business confidence has dropped considerably, with many expecting inflation and unemployment to rise. Experts are concerned about recession risks as uncertainty from the trade war mounts, complicating the economic landscape.
Source: YAHOO
Reported 4 months ago
Oil prices stabilized on Thursday following a sharp decline the previous day, sparked by potential increases in Saudi oil output and a contraction in the U.S. economy. Brent crude settled at $61 per barrel, while U.S. West Texas Intermediate dropped to $58.09. Analysts indicate a pessimistic outlook for crude, with expectations of a possible fall to $55 per barrel amid growing supply and weak demand due to ongoing trade tensions. OPEC+ discussions may lead to further output hikes, impacting future oil price volatility.
Source: YAHOO
Reported 4 months ago
A federal judge has ruled against Apple for violating a court order related to antitrust practices in its App Store, stating that Apple must allow developers to communicate alternative payment options to users. The judge condemned Apple's actions as anticompetitive and held the company in contempt of court. Epic Games' CEO announced that Fortnite will return to the App Store as a result of the ruling, which follows Epic's allegations that Apple maintains a monopoly through its payment system.
Source: YAHOO
Reported 4 months ago
Tesla's board has reportedly begun searching for a new CEO to succeed Elon Musk, driven by a significant drop in stock prices and disappointing quarterly earnings. The decision follows Musk's extensive involvement in government roles, which some investors believe has detracted from his focus on the company. As Tesla faces public protests and declining sales, questions remain about Musk's awareness of the board's efforts and his future at the company.
Source: YAHOO
Reported 4 months ago
A new Senate bill aims to modernize the Short Line Railroad Maintenance Tax Credit (45G), which has driven over $8 billion in private investment in short line rail infrastructure since 2005. The proposed legislation would increase the credit amount from $3,500 to $6,100 per mile, broaden its scope to include all short line tracks, and adjust it for inflation. Supporters argue this change is vital for maintaining competitiveness and enhancing safety in the short line rail industry, which plays a crucial role in connecting local economies.
Source: YAHOO