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When US president Donald Trump detonated a trade bomb on 2nd April, with levies set to bite from 9th April, global markets shuddered. Stocks tumbled for four days as investors braced for chaos. Yet, days later, president Trump paused the tariffs for 90 days on all—excluding China—and exempted...

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Matthew Kish (The Oregonian/OregonLive) 08 May 2025
This article was produced by ProPublica in partnership with The Oregonian/OregonLive.   In May 2015, President Barack Obama gave a big speech about dropping trade barriers with other nations. He delivered it on a sunny day at Nike’s world headquarters in Oregon.   “Sometimes when we talk...

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Policy-makers and pundits in Delhi have been quick to declare the US-China trade war a golden opportunity for India. As supply chains fray and geopolitical tensions deepen, could India finally seize a slice of China’s enormous export pie?    On the surface, the logic is appealing. If tariffs...

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Moneylife Digital Team 10 April 2025
In a dramatic policy reversal that sent global markets on a wild ride, US president Donald Trump announced a 90-day pause on tariffs for most nations on 9 April 2025. The sudden retreat came after days of market turbulence that erased trillions in global stock value and sparked a violent...

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Moneylife Digital Team 10 April 2025
Continuing with their tariff-tariff games, US president Donald Trump hit China with a 125% tariff after China retaliated with an 84% tariff on all US goods imported into that country. In a significant shift in trade policy, president Trump also announced a 90-day pause on reciprocal tariffs for...

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Moneylife Digital Team 09 April 2025
President Donald Trump's reciprocal tariffs against all US trading partners are set to take effect on 9 April 2025. Initially, China was set to face a 34% tariff increase as part of president Trump's reciprocal tariffs package. However, after Beijing refused to withdraw its promise to impose...

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Moneylife Digital Team 09 April 2025
South Korea announced emergency support measures for its auto sector on Wednesday in response to the impact of US tariffs on the industry.    The South Korean government unveiled a US$2bn (billion) emergency funding package for the auto sector which has been severely affected by the US...

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Moneylife Digital Team 07 April 2025
In a significant escalation of trade tensions between the world's two largest economies, China has announced it will implement a comprehensive 34% tariff on all American imports beginning April 10, 2025. This move directly mirrors president Donald Trump's recent 'reciprocal' tariff package...

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Moneylife Digital Team 04 April 2025
In a historic measure to counter higher duties on American products imposed globally, US president Donald Trump announced reciprocal tariffs on around 60 countries. While India levies a 52% average import tariff on  American goods, the US has now imposed a 27%  discounted tariff on India's...

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Donald Trump was known to be unpredictable. But what he has unleashed since he became US president has shocked even hardened policy-makers, businessmen, traders, investors, politicians and bureaucrats. And he still has 46 months to go. I have been anticipating this for a while. Last October and...

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Moneylife Digital Team 17 October 2024
Crude oil prices declined sharply by 8.1% month-on-month (m-o-m) in September, settling at an average of US$74.3/barrel (bbl). The decline was mainly due to subdued demand from major economies. However, the recent flareup in geopolitical tensions is limiting the decline and the prices are...

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Moneylife Digital Team 05 August 2024
Bangladesh prime minister (PM) Sheikh Hasina has resigned and left the country amid massive protests against her government that has killed more than 106 people since Sunday. Bangladeshi media reported that the PM left for a 'safer place' after hundreds of protestors stormed Gonobhaban—the...

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The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange.   The Financial Supervisory Service (FSS) said its preliminary inspection, conducted for...

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IANS 28 February 2024
Embattled Chinese developer Country Garden is facing a winding-up petition in Hong Kong, months after the company started what is expected to be the second-largest restructuring effort among its peers, following that of China Evergrande Group, a media report said.   Country Garden...

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IANS 14 February 2024
Inflation in the US, which cooled in January, rose again exceeding Wall Street’s expectations, signalling that the Federal Reserve might hold back its reported move to cut interest rates.   The Fed halted the rate hike after a 52-week long fight to rein in the price pressures on the...

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IANS 12 February 2024
India on Monday successfully launched its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius.   RuPay card services were also launched in Mauritius as part of this initiative.   Prime Minister Narendra Modi attended the inaugural event virtually alongside his...

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IANS 08 February 2024
America’s publicly traded companies are flashing a key sign of economic uncertainty -- they’ve been hoarding cash, a media report said.   Americans have spent down their pandemic-era savings and then some. Credit card and auto loan delinquencies have not only surpassed pre-pandemic...

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IANS 07 February 2024
US banks hold about $2.7 trillion in commercial real-estate loans.   The majority of that, about 80 per cent, according to Goldman Sachs economists, is held by smaller, regional banks -- the ones that the US government hasn’t classified as “too big to fail”, CNN...

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IANS 06 February 2024
King Charles has been diagnosed with a form of cancer and has begun a course of treatment, Buckingham Palace announced on Monday   "During The King's recent hospital procedure for benign prostate enlargement, a separate issue of concern was noted. Subsequent diagnostic tests have...

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IANS 30 November 2023
Forbes has published its '30 Under 30' list of young entrepreneurs and changemakers who are making a difference in the world for the past 13 years, and an "astonishing number" of these people went on to become cultural tastemakers, tech titans, and even billionaires.   However, some...

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