BEIJING (Reuters) -China’s industrial profits returned to growth in the first quarter, official data showed on Sunday, but are likely to come under further pressure amid a trade war with the United States. With Washington’s aggressive tariffs threatening to hit China’s crucial export engine hit and no time frame yet for any bilateral trade talks, …
China’s Q1 industrial profits return to growth amid tariff woes Read More »
CAIRO (Reuters) – Saudi Arabia and Qatar are to settle Syria’s outstanding arrears of around $15 million to the World Bank, both countries said in a joint statement, paving the way for the approval of millions of dollars in grants for reconstruction and to support the country’s paralysed public sector. Reuters was first to report …
(Reuters) – Saudi Arabia’s non-oil exports reached an all-time high of 515 billion riyals ($137.29 billion) in 2024, the state news agency said on Saturday, as the kingdom continues its push to diversify its economy away from oil dependence. The world’s leading oil exporter is investing billions of dollars to achieve its Vision 2030 plan, …
Saudi Arabia reports record non-oil exports of $137 billion in 2024 Read More »
By Karin Strohecker WASHINGTON (Reuters) -Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the country would launch a Panda bond before year-end. Pakistan has an existing 30 billion yuan swap line already, Aurangzeb told Reuters …
Pakistan requests extra 10 billion yuan on China swap line, says finance minister Read More »
By Andrea Shalal WASHINGTON (Reuters) – Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank’s chief economist. Gill said global economists were rapidly lowering their growth forecasts for advanced economies and …
By Caroline Valetkevitch NEW YORK (Reuters) -Most stock indexes climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as investors searched for signs that the U.S.-China trade war may be easing. Shares of Google parent Alphabet rose 1.7% after it beat profit …
Stocks rise with tech-related shares, notch weekly gains; dollar up Read More »
(Reuters) – U.S. officials plan to conduct trade negotiations using a new template setting common terms for many of the talks over President Trump’s reciprocal tariffs, The Wall Street Journal reported on Friday. Officials plan to use a framework prepared by the U.S. Trade Representative’s office that lays out broad categories for negotiation, the report …
Trump administration lays out roadmap to streamline tariff talks, WSJ reports Read More »
(Reuters) -There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday. The trade war started by the U.S. administration of Donald Trump is seen …
JPMorgan survey shows consensus over weak dollar, US stagflation Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street advanced on Friday, notching weekly gains as investors parsed a spate of earnings and looked for signs of easing tensions in the U.S.-China trade dispute. The S&P 500 and the Nasdaq were bolstered by gains in the “magnificent seven” group of artificial intelligence-related megacaps, while the blue-chip …
Wall Street ends with weekly gains as trade negotiations, earnings in focus Read More »
By Karin Strohecker, Andrea Shalal and David Lawder WASHINGTON (Reuters) -International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling uncertainty as well as market and financial stability risks, but reaffirmed their commitment to the institution as critical to helping countries navigate a difficult environment. In a chair’s …
IMF policy committee underscores trade risks to global economy, commits to Fund’s role Read More »
