How Trump administration aims to block China from owning US farmland
Jacob Fischler | States NewsroomPresident Donald Trump’s administration will pursue a ban on Chinese ownership of U.S. farmland as part...
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Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
Which currencies may trump the US dollar? Traders look to the yuan, the Aussie and the won
Traders are seeking alternatives to the euro when shorting the US dollar as they look to capitalise on expectations for...
Brics leaders urge cohesion, trade and use of local currency to grow Global South clout
Brics leaders have called for stronger cohesion, expanded trade and increased use of local currency to improve the Global South’s...
‘Brics bank’ blasts the West ahead of leaders’ summit, while China mute on tariffs
Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the United States, its...
De-dollarisation favours Asian assets despite record US stock run, Societe Generale says
The rotation to emerging markets in Asia that spurred the US dollar’s worst performance in more than five decades will...
Stock market opens in record territory as investors bet on trade deals, Fed rate cut
Leading stock market indexes opened in record territory, with investors buoyed by signs of progress on a U.S.-China trade deal.Shortly after the start of trade on Friday, the S&P 500 rose 14 points, or 0.2%, to 6,155 points, surpassing its previous all-time closing high in February of 6,144. The index also briefly edged above its previous record on Thursday in intraday trading.The Nasdaq Composite gained 62 points, or 0.3 %, to 20,227, topping its previous record high of 20,174 on Dec. 16, 2024. The Dow Jones Industrial Average rose 0.4%...
stocks rise, Sensex poised for upbeat start
Asian stock markets advanced broadly at Friday’s open, with a key gauge of global equities on track for another record high, as calming geopolitical concerns and rising expectations for US Federal Reserve interest-rate cuts this year fueled investor optimism. Trading desks across Asia are buzzing with excitement again, as the region appears to be shaking off recent tariff shocks and once again attracting investors with its solid growth prospects.The positive momentum in Asia-Pacific markets largely tracked gains seen on Wall Street. This followed comments from White House spokesperson Karoline Leavitt,...
most indices steady; Sensex to open up
Asian stock markets found a degree of stability on Wednesday, with most regional indices trading steady to slightly higher. A fragile ceasefire between Israel and Iran, announced by US President Donald Trump, appeared to buoy investor sentiment, even as the situation in the Middle East remains tense. This cautious optimism, coupled with lower oil prices, is expected to provide a positive start for Indian benchmarks like the Sensex.A shaky truce between Israel and Iran has, for now, held, offering a respite from the acute geopolitical fears that had previously rattled...
Amid China, US stablecoin buzz, BIS warns that a trio of ‘sound money’ traits is missing
With some major economies leaping onto the stablecoin train – or being urged to do so, to further globalise their currencies – others are mulling whether getting on board would be akin to either riding the gravy train or feeling it fail to gather steam.Now, the international financial organisation known as the “bank for central banks” has waded into the stablecoin debate as the buzzword gathers momentum.In a “special chapter” released on Tuesday in advance of Sunday’s release of its Annual Economic Report 2025, the Bank for International Settlements (BIS)...