May 21, 2025May 21, 2025 Japan’s exports rose 2% in April from a year earlier, below the expected 2.5% rise, while imports fell 2.2%. The yen was 2.6% stronger at 147.7 per dollar, weighing on the value of exports and imports. After two months of…
May 12, 2025May 12, 2025 The US and China have agreed to temporarily reduce tariffs for 90 days, aiming to ease trade tensions and allow more time for negotiations. By 14th May, US tariffs on most Chinese imports will decrease from 145% to 30%, including…
U.S. stock indexes fell sharply following the Federal Reserve‘s decision to hold rates steady, even as a steep decline in shares of Google-parent Alphabet weighed heavily on the Nasdaq. The Dow Jones was up 64.77 points or 0.16% to 40,893.77, down about 300 points from day’s high, while the S&P 500 fell 20.73 points or…
Japan aims to reach a trade agreement with the US by June, with talks expected to speed up from mid-May, according to Japan’s chief negotiator Ryosei Akazawa, after a round of meetings in Washington. The second high-level meeting with US officials was described as frank and open, covering areas like bilateral trade expansion, non-tariff measures,…
April 28, 2025April 28, 2025 A senior South Korean official ruled out reaching a trade deal with the US before the country’s 3rd June snap election, citing challenges in finalising the agreement by early July. Last week, the US and South Korea agreed to work on a trade package…
Wall Street‘s main indexes rebounded on Tuesday from a steep selloff in the previous session sparked by President Donald Trump’s mounting criticism of Federal Reserve Chair Jerome Powell, as market focus shifted to corporate results. At 12.30 pm, the Dow Jones surged 1,063 points or 2.79% to 39,234.26, the S&P 500 rose 146 points or…
April 16, 2025April 16, 2025 Lemon prices have surged nearly four times a month, with retail prices now around Rs 120 per kilogram, raising consumer concerns. Typically, lemon prices rise in summer, but this year’s sharp increase came early. Wholesale prices in March were around Rs 3,000 per quintal,…
Wall Street‘s main indexes pared early gains to trade flat on Monday as an early rally in technology stocks after the White House exempted smartphones and computers from new tariffs gave way to worries about economic growth and future levies. The United States unveiled the exemptions on Friday, but President Donald Trump said he would…
April 11, 2025April 11, 2025 Xi Jinping addressed the US-China trade war for the first time, stating that China is “not afraid” of external pressures. He criticised trade wars as having “no winners” and rejected reliance on foreign aid, highlighting China’s history of self-reliance. The…
April 11, 2025April 11, 2025 After US President Donald Trump announced a 90-day stop to the global trade war, metal shares became the largest sectoral gainer today as worries over the conflict subsided. The index also gained momentum after Tata Steel announced plans to restructure its operations in the…