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New US tariffs on Canada, Mexico, and China are likely to have a limited near-term impact on global oil and gas prices, according to Goldman Sachs.
Published on: February 03, 2025, 05:00 AM UTC
The Indian rupee is expected to weaken further against the dollar as the Reserve Bank of India considers interest rate cuts. The rupee has been Asia's second worst-performing currency this year, falling nearly 3% since new governor Sanjay Malhotra signaled a willingness to allow it to move more freely. Analysts expect the RBI to cut rates by 25 basis points on Friday, adding to pressure on the currency.
Published on: February 03, 2025, 05:00 AM UTC
The Trump administration's tariffs on Canada, Mexico and China have sent shockwaves through Wall Street. Economists and strategists warn of a recession in Mexico, higher inflation in the US, and a drag on economic growth.
Published on: February 03, 2025, 04:01 AM UTC
With Trump's tariffs on China, Mexico, and Canada, US stock futures point to substantial losses, with Nasdaq futures (NQ=F) falling sharply. Retaliatory announcements from Canada, Mexico, and China add to uncertainty.
Published on: February 03, 2025, 04:01 AM UTC
Hong Kong-listed Chinese stocks fell after the US imposed a 10% levy on China. Despite initial losses, the decline eased to 1% as trading resumed after the Lunar New Year holiday.
Published on: February 03, 2025, 04:01 AM UTC
US President Donald Trump imposes tariffs on Canada, Mexico and China, sparking volatility in the commodities market. Here are reactions from Goldman Sachs, Barclays, Citi, JP Morgan and RBC Capital Markets.
Published on: February 03, 2025, 04:01 AM UTC
Despite new tariffs imposed by President Trump, the Japanese yen remains resilient against the US dollar, demonstrating its value as a safe haven during times of uncertainty.
Published on: February 03, 2025, 04:00 AM UTC
Oil prices surge as Trump imposes tariffs on Canadian, Mexican imports, escalating trade tensions and threatening higher consumer costs.
Published on: February 03, 2025, 04:00 AM UTC
Asian shares fell on Monday as concerns over escalating trade tensions weighed on sentiment. Japan's Nikkei 225 lost 2.4%, while Australia's S&P/ASX 200 declined 1.8%.
Published on: February 03, 2025, 04:00 AM UTC
Emerging Market Currencies Slump Following Trump Tariffs
Published on: February 03, 2025, 03:02 AM UTC