Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession, but has ruled out any pause in his aggressive trade policy despite a dramatic market sell-off. Beijing — Washington’s major economic rival — responded by announcing its own 34 percent duties on US goods to come […]
Prime Minister Shehbaz Sharif and Chief of Army Staff (COAS) General Asim Munir will attend the Investment Forum and also speak on the occasion. In addition, the forum is expected to be attended by important foreign personalities, federal ministers, secretaries, senior-level executives, and prominent media figures. A high-level US delegation, led by Eric Meyer, will […]
Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with Hong Kong shedding 10 percent, Tokyo briefly diving eight percent, and Taipei more than nine percent. Futures for Wall Street’s markets were also taking another drubbing, while concerns about the […]
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021. Oil plunged 7% on Friday as China ramped up tariffs on US goods, escalating a trade war […]
A 10 percent “baseline” tariff came into place past midnight, hitting most US imports except goods from Mexico and Canada as Trump invoked emergency economic powers to address perceived problems with the country’s trade deficits. The trade gaps, said the White House, were driven by an “absence of reciprocity” in relationships and other policies like […]
U.S. President Donald Trump on Wednesday slapped a 26% reciprocal tariff on India, threatening the Reserve Bank of India’s (RBI) estimate of 6.7% economic growth in 2025-26 and the government’s economic survey forecast of 6.3%-6.8%. After the tariffs, Goldman Sachs lowered its growth estimate to 6.1% from 6.3%. Citi forecast a 40 bps drag on […]
U.S. District Judge J. Paul Oetken said in a Friday opinion that the Trump administration could not unilaterally terminate Voice of America and related radio programs that were approved and funded by Congress. Rescinding funds for those programs would require congressional approval, the judge wrote. The Reuters Daily Briefing newsletter provides all the news you […]
Spot gold climbed 0.9% to $3,083.33 an ounce as of 0710 GMT after hitting an all-time high of $3,086.21 earlier in the session. Bullion is up 2% this week and is on track for a fourth straight weekly gain. U.S. gold futures added 1% to $3,092.50. “Gold has the wind at its back at the […]
A three-judge panel of the US Court of Appeals voted 2-1 to temporarily keep in place the ban on deportations carried out under the 1798 Alien Enemies Act (AEA). President Donald Trump sent two planeloads of alleged members of the Venezuelan gang Tren de Aragua to a prison in El Salvador on March 15 after […]
“I am certain that we need to move forward in signing an Economic Partnership Agreement between Japan and Mercosur,” Lula said during a multi-day visit to Tokyo. “Our countries have more to gain from integration than from protectionist practices,” he said at an economic forum attended by business and political figures from Brazil and Japan. […]
