Stock markets wavered Thursday despite another interest rate cut by the European Central Bank as investors remain on edge over the fallout from President Donald Trump’s tariffs blitz.In New York, the Dow and the tech-heavy Nasdaq extended losses while the broad-based S&P 500 edged up.Wall Street had slumped on Wednesday as Federal Reserve chief Jerome …
Stocks waver as ECB cuts rate, Trump slams Fed chief Read More »
Chinese President Xi Jinping met the Cambodian premier in Phnom Penh on Thursday on the final leg of a Southeast Asia tour in which he sought to strengthen regional trade ties.Xi arrived in the Cambodian capital after visiting Vietnam and Malaysia, as Beijing seeks to build ties and offset the impact of huge tariffs imposed …
China’s Xi meets Cambodian leader as part of regional diplomatic blitz Read More »
Nvidia CEO Jensen Huang held talks with Chinese leaders in Beijing on Thursday, state media said, days after the United States curbed sales of its H20 artificial intelligence chips to China.Nvidia this week said it expected a $5.5 billion earnings hit this quarter due to a new US licensing requirement on GPUs (graphics processing units) …
Nvidia CEO in Beijing as US tech curbs, trade war threaten sales Read More »
As President Donald Trump’s tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world’s key trading and reserve currency. AFP examines the greenback’s current situation and outook:- Is the dollar still all-powerful? -The dollar, whose strength is based on the economic and political power of …
Trump’s tariff storm a threat to dollar’s dominance? Read More »
Taiwanese chipmaking titan TSMC reported on Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips that have become the lifeblood of the global economy, powering …
Taiwan’s TSMC net profit soars as US tariff threat looms Read More »
Watching Chinese money flow into his home city of Sihanoukville, Cambodian linguist Um Keangseng opened a language school to meet the growing demand for Mandarin lessons.Sihanoukville has been the biggest recipient of Chinese investment into Cambodia, where President Xi Jinping will arrive Thursday.”Every province has Chinese investors,” said Um Keangseng, who founded his school a …
Chinese investment sparks rise of Mandarin in Cambodia Read More »
Uncertainty over Donald Trump’s tariff blitz mounted Thursday after the Fed chief warned of rising prices and “volatility” while “progress” flagged by the US president in talks with Japan lifted markets slightly.Trump is banking that his tariffs will lead to a bonanza of beneficial trade deals, lowering barriers to US products and shifting global manufacturing …
Unease grows over Trump tariffs despite ‘progress’ in Japan trade talks Read More »
Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell’s warning that Donald Trump’s tariffs could force officials to choose between fighting inflation or unemployment.Investors are keeping a nervous eye on Washington for the next three months as governments scramble to cut deals to avert crippling tariffs unveiled …
Asian markets boosted by ‘Big Progress’ in Japan tariff talks Read More »
Concern over the economic fallout from US President Donald Trump’s global tariffs mounted Wednesday, with Fed Chair Jerome Powell’s warning of higher inflation sending stock markets tumbling.Trump remained upbeat, posting on social media that there’d been “Big Progress!” in talks with Japan on a trade deal.He is banking that his strategy, in which tariffs are …
Trump tariffs provoke growing economic uncertainty Read More »
Wall Street traders were back in sell-off mode Wednesday while the dollar fell further as downcast comments from Federal Reserve Chair Jerome Powell added to weakness in semiconductor giant Nvidia.After a relatively peaceful couple of days on markets following tariff-related volatility last week, investors were once again on the defensive. Gold, a safe-haven asset in …
US stocks fall with dollar as Powell warns on tariffs Read More »
