Global stocks finished mixed on Friday after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing had “totally violated” an agreement with Washington.His social media post came hours after US Treasury Secretary Scott Bessent said trade talks with China aimed at putting to bed sky-high mutual tariffs — currently suspended …
Stocks mixed after Trump accuses China of violating tariff deal Read More »
US President Donald Trump signaled renewed trade tensions with China Friday, arguing that Beijing had “totally violated” a tariff de-escalation deal, while saying he expects to eventually speak with Chinese leader Xi Jinping.Trump’s comments came after US Treasury Secretary Scott Bessent said that trade talks with China were “a bit stalled,” in an interview with …
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Airline bosses meet from Sunday in New Delhi at their annual industry conference, battling to mitigate the impact of Donald Trump’s policies that have hit travel to the United States and potentially raised costs for aviation.Trump’s bid to impose tariffs on the United States’ trading partners have upended commercial flows, with legal challenges against his …
Airline chiefs meet in India amid turbulence of Trump Read More »
The US Securities and Exchange Commission (SEC) on Thursday dropped its civil lawsuit against the cryptocurrency exchange Binance and its majority shareholder, Changpeng Zhao.”In the exercise of its discretion and as a matter of policy, the Commission deems it appropriate to dismiss this litigation,” the agency said in a court filing.The SEC added that dropping …
Asian shares fell Friday after a US appeal court gave Donald Trump’s sweeping tariffs a temporary reprieve, fanning uncertainty a day after judges had ruled the controversial measures were unconstitutional.The losses reversed a rally across world markets the previous day as analysts warned that the legal wrangling could compound volatility and throw trade talks between …
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Brazilian prosecutors are suing Chinese electric car giant BYD and two contracting companies for human trafficking and alleged slave labor conditions at a build site, according to legal documents seen by AFP Thursday.The case concerns 220 Chinese workers found last December in conditions “analogous to slavery” at a BYD plant under construction in Camacari, in …
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Global shares gave a muted response Thursday to a US court’s decision blocking most of President Donald Trump’s sweeping tariffs — with analysts noting the issue is far from settled.The US Court of International Trade ruled late Wednesday that Trump’s broad imposition of tariffs had overstepped his authority, barring most of the duties announced since …
Chinese exporters in one of the world’s busiest port cities spoke Thursday of murky horizons as they try to navigate the trade maelstrom unleashed by the ever-changing saga of US tariff policy.Suppliers in the eastern city of Ningbo — home to the world’s third biggest container port — have had a wild ride since US …
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Asian stocks rallied with US futures Thursday after a US court blocked Donald Trump’s sweeping global tariff blitz, dealing a hefty blow to the president’s signature trade policy and providing some much-needed relief.The ruling provided an extra shot in the arm for investors already upbeat after forecast-busting earnings from chip titan Nvidia revived optimism about …
Asian equities boosted by US court’s tariff ruling, Nvidia results Read More »
Nvidia on Wednesday reported earnings that topped market expectations, with a $4.5 billion hit from US export controls being less than the Silicon Valley chip juggernaut had feared.However, Nvidia Chief Financial Officer Colette Kress warned in an earnings call that export constraints are expected to cost the AI chip titan about $8 billion in the …
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