Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve.Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with the latest being letters …
Asian stocks struggle as traders eye Fed saga, trade war Read More »
Wall Street stocks finished higher Wednesday, overcoming a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.Major equity indices had moved suddenly negative following reports that a dismissal could be imminent, but they recovered quickly once Trump ruled out firing Powell — for now.Trump, who has bitterly attacked …
US stocks finish higher as markets gyrate on Powell firing fears Read More »
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump’s tariffs hit exports.The United States is Indonesia’s biggest market for footwear exports and the American president announced Tuesday he would impose a 19 percent …
Indonesian shoemakers fear Trump tariffs despite lower levy Read More »
Indonesia’s president on Wednesday hailed a “new era” of trade relations with the United States, after Donald Trump said he would slash tariffs faced by Southeast Asia’s biggest economy from 32 percent to 19 percent.The Trump administration has been under pressure to wrap up trade pacts after promising a flurry of deals, as countries sought …
Indonesia hails ‘new era’ with US after Trump trade pact Read More »
Nvidia CEO Jensen Huang said on Wednesday his firm was “doing our best” to serve China’s vast market for semiconductors after it secured permission from the United States to sell chips to the world’s second-largest economy.Nvidia last week became the first company to hit $4 trillion in market value — a new milestone in Wall Street’s …
Nvidia’s Huang says ‘doing our best’ to serve Chinese market Read More »
Britain has lifted restrictions on Pakistani airlines, the UK embassy in Islamabad said on Wednesday, ending a five-year ban on the country’s beleaguered national carrier.Flag carrier Pakistan International Airlines was barred from flying to Britain in June 2020, a month after one of its aircraft plunged into a Karachi street, killing nearly 100 people.The disaster …
Pakistanis are increasingly ditching the national grid in favour of solar power, prompting a boom in rooftop panels and spooking a government weighed down by billions of dollars of power sector debt.The quiet energy revolution has spread from wealthy neighbourhoods to middle- and lower-income households as customers look to escape soaring electricity bills and prolonged …
Pakistan’s quiet solar rush puts pressure on national grid Read More »
Tech firms led another rally in Hong Kong stocks Wednesday after US titan Nvidia said it would resume exports of key chips to China after Washington pledged to remove licensing curbs.However, other Asian markets were mixed as they weighed Indonesia’s trade deal with Washington and a spike in US inflation that saw investors pare their …
Hong Kong stocks lifted by Nvidia rally on mixed day in Asia Read More »
Travel at one of Canada’s busiest airports was briefly halted Tuesday after federal police received a report that a small plane had been “hijacked,” officials said. Royal Canadian Mounted Police in the western Canadian province of British Columbia said that at 1:10 pm (2010 GMT) they received a report that a Cessna 172 “had been hijacked …
Canada airport grounds flights after report of small plane ‘hijacked’ Read More »
Most US and European share indices slid on Tuesday, as US inflation data indicated President Donald Trump’s tariffs could be feeding into his country’s economy.In New York, the Nasdaq edged higher to close at another record, propelled by buoyant news from tech darling Nvidia. But the blue-chip Dow and broader S&P 500 both retreated.The US …
Nasdaq gains while Dow, S&P 500 fall as US inflation ticks higher Read More »
