US President Donald Trump has announced plans to impose new tariffs on Chinese imports, aiming to improve the US trade balance. The tariffs will target Chinese imports worth $50 billion annually. Trump said the move will help offset the US trade deficit caused by Chinese imports.
hong kong-based company henderson land development has secured a 100 million hong kong dollar biodiversity loan from hsbc and hang seng banks to support its central yards project, a leading initiative in the city's new waterfront area.
The Korean stock market experienced a significant rebound on Wednesday, driven by local investors buying stocks after a wave of selling by foreign investment funds. This shift reflects growing confidence in the Korean economy's ability to recover and grow.
The Federal Reserve has shown increased openness to raising interest rates in its upcoming March meeting, amidst multiple economic challenges that require critical decisions.
Qatar Energy has announced the gradual resumption of liquefied natural gas production after a prolonged halt, reflecting the company's efforts to restore its activity in this vital sector. The move comes at a critical time for global markets that increasingly rely on natural gas as a source of energy.
Russia has boosted its spending in March, expecting a significant increase in revenue due to the sharp rise in oil prices caused by the conflict in the Middle East. The move comes at a critical time as the Russian government seeks to capitalize on economic opportunities arising from regional crises.
Shares of Avizeh Bajet, a car rental services company, have skyrocketed by 150%, putting immense pressure on short sellers. This sudden surge comes as the number of available shares for trading decreases, making the market more competitive.
Indonesia's agriculture minister, Andi Amran Sulaiman, has assured that subsidized fertilizer prices will remain stable despite the closure of the Hormuz Strait. This move aims to protect farmers and ensure the continuity of agricultural production in the country.
Oil prices plummeted sharply in the US after President Donald Trump announced a ceasefire with Iran, with prices falling by over 12 dollars per barrel. This move comes as tensions between the US and Iran have escalated in recent weeks, with the US imposing strict economic sanctions on Iran. The ceasefire announcement has led to a significant decrease in oil prices, which could have a positive impact on the global economy.
city group's investment director kate morgan announced the adoption of a barbell strategy to address growing market uncertainty due to iranian war risks. the move comes as tensions in the region escalate, affecting global markets.
The Omani Stock Exchange recorded transactions worth 9 million dinars, reflecting significant activity in the Jordanian financial market. This development comes at a time when investors are looking for new opportunities in the current economic conditions.
Vegetable and fruit prices in Egypt's market have seen a significant increase, with tomatoes reaching 20 EGP per kilogram. The surge in prices is attributed to various factors, including climate changes and rising production costs.
India's state-owned oil refineries are facing significant challenges in buying Iranian oil sanctioned by the US, citing payment, shipping, and insurance issues. This comes as India seeks to secure rapid oil supplies. Despite its desire for quick oil deliveries, these obstacles have forced India to delay purchase operations.
China's top anti-graft agency has launched a new investigation into a senior official at the country's main financial regulator, marking the latest move in a campaign to root out corruption in the financial sector, which is worth $69 trillion.
despite a sharp decline in gold prices, some analysts still predict a rise to 10,000 usd per ounce by the end of the decade. gold prices have fallen by 21% since their peak in january, but sustained demand from central banks and geopolitical risks may support prices.
The European Union and Australia have signed a comprehensive trade agreement aimed at eliminating most tariffs between the two sides, marking a significant shift in their economic relations in the face of increasing geo-political tensions. The agreement, which comes after eight years of negotiations, is expected to boost EU exports to Australia by up to 33% over the next decade. The deal also includes a mechanism to protect sensitive products and European producers in case of a significant increase in imports from Australia.
Philippine President Ferdinand Marcos Jr. has announced that his government will bear the brunt of the peso's weakness, citing limits to defending the currency amid the dollar's rise. Marcos aims to achieve a 6% economic growth rate by 2028.
India's private sector activity declined sharply in march 2023, with the purchasing managers' index falling to 56.5, its lowest level since october 2022. The decline is attributed to weak domestic demand and the impact of the war in the middle east. The indian government has warned of potential long-term effects on the economy.
The global car industry is facing a severe crisis due to the ongoing conflict in the Middle East, which has disrupted aluminum supplies. The region's main production sources in the Gulf have been affected by energy issues and shipping bottlenecks, forcing car manufacturers to rely heavily on aluminum in their production processes.
Hong Kong's financial services are attracting increasing interest from Gulf families, with the government planning to expand tax incentives to include more asset classes. This move reflects the growing investment trend from the Middle East towards Hong Kong. The city is seeking to regain its status as a global financial hub, with the government aiming to attract more foreign investments, particularly from Gulf families.