Crude oil prices fall to a year-low as US-China trade war intensifies
Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil…
Global markets roil as Trump slaps tariffs on Canada, Mexico and China
The world's financial markets are in turmoil amid fears over an all-out global trade war after US President Donald Trump imposed blanket tariffs on Canada,…
European markets gain despite Trump’s signals on tariffs
US President Donald Trump delivered tariff threats to China, and the European Union, while pressurising Russia with more sanctions and import levies. The European markets,…
What’s in store for the week ahead? US CPI and China’s GDP in the Spotlight
This week, attention will centre on inflation data from major economies, including the US, EU, and UK. Additionally, China's forthcoming release of its Gross Domestic…
Copper price nears one-month high on optimism over China’s economy
The copper price has been on the rise in 2025, reaching a three-week high amid robust demand in China, given Beijing's ongoing stimulus measures. However,…
Nvidia faces Chinese investigation amid retaliation for US trade restrictions
Nvidia shares slid amid an escalation in the tech trade war as China launched a probe into the company on suspicion of breaching the anti-monopoly…
Canada to Impose 100% tariff on Chinese-made electric vehicles
In alignment with the United States, Canada announced a 100% tariff on Chinese-made electric vehicles (EVs), including those produced by Tesla. Tesla’s shares fell by…
China cuts 1-year benchmark rate to boost economy as world markets lag
China ratcheted up its effort to reinvigorate its economy on Thursday by cutting a key policy rate and interest paid on bank deposits. ADVERTISEMENTThe move…
China crisis? China’s second-quarter GDP falls short of expectations
China reported weaker-than-expected gross domestic production (GDP) data for the second quarter and softened economic data for June. The country also began its Third Plenum…
US warns China to stop supporting Russia’s war on Ukraine during Beijing meeting
In short: The US Secretary of State urged China to stop providing support for Russia during a meeting in Beijing.China says its relationship with the US is…