China’s February Caixin Purchasing Managers’ Index (PMI) signaled sluggish growth in the manufacturing sector, raising concerns about the country’s economic recovery. The PMI, a key indicator of manufacturing activity, fell to 50.1 in February, down from 50.8 in January, barely above the 50-point mark that separates expansion from contraction. The data suggests that China’s manufacturing […]
China is considering a fiscal expansion plan during the annual “Two Sessions” meeting, a key political event where the country’s leadership sets economic and policy priorities for the year. The proposed measures include an increase in the fiscal deficit to support economic growth and address challenges such as slowing domestic demand and global economic uncertainty. […]
The United States’ escalating demand for gold is putting significant strain on global bullion supplies, according to industry reports. As investors and central banks flock to gold as a safe-haven asset amid economic uncertainty, the U.S. has emerged as a dominant force in the global gold market, drawing bullion away from other regions. Gold prices […]
Bitcoin’s price has tumbled to approximately $80,500 in early Asian trading, marking a 3.45% drop on the day and a nearly 25% decline from its all-time high in mid-December. This significant downturn reverses the gains Bitcoin had made following the election victory of U.S. President Donald Trump, highlighting the cryptocurrency market’s sensitivity to broader economic […]
U.S. President Donald Trump has announced new tariffs on imports from Mexico and Canada, set to take effect on March 4, alongside an additional 10% levy on Chinese goods. The decision marks a significant escalation in U.S. trade policy, aimed at protecting domestic industries and addressing perceived trade imbalances. The tariffs on Mexico and Canada, […]
Nvidia has identified China’s Huawei as a significant competitor in the semiconductor industry, despite U.S. sanctions designed to curb Huawei’s access to advanced technologies. The U.S. chipmaker highlighted Huawei’s rapid progress in developing high-performance chips, which could challenge Nvidia’s market leadership in areas such as artificial intelligence (AI) and data centers. Huawei, through its subsidiary […]
Seven & i Holdings has called off its $5.8 billion management buyout plan following the withdrawal of Itochu Corporation, a key partner in the deal. The move, reported by Yomiuri, highlights the challenges faced by the Japanese retail giant as it seeks to restructure its operations and boost profitability. The buyout was aimed at streamlining […]
Oil prices bounced back from recent lows on Tuesday after U.S. President Donald Trump revoked Chevron’s license to operate in Venezuela, reigniting fears of a global oil supply shortage. The decision, which targets Venezuela’s oil sector, has added another layer of uncertainty to an already volatile energy market. Brent crude futures rose by 1.4% to 78.40 […]
Copper prices experienced a significant rise on Wednesday, driven by concerns over potential supply disruptions following a massive power outage in Chile, the world’s top copper producer. The blackout affected over 90% of the population and halted operations at major mines, including Codelco’s El Teniente and Chuquicamata. Benchmark copper futures on the London Metal Exchange […]
Tesla’s stock has experienced a significant decline, dropping more than 8% and pushing the company’s market capitalization below $1 trillion for the first time since November. This downturn marks a substantial reversal of the post-election surge that had lifted Tesla’s shares following President Donald Trump’s victory. The decline reflects a combination of factors, including disappointing […]