Information

Home Information
  • Apr 23, 2025

Relief rally fizzles out as markets take stock of Trump's U-turns

SINGAPORE (Reuters) -Stocks drifted on Thursday and a rebound in the dollar lost traction as investors tried to sift through the noise from the Trump administration and its fickle stance on tariffs and the Federal Reserve's leadership. Over the last week, U.S. President Donald Trump rained attacks on Fed Chair Jerome Powell then retracted calls for his resignation, and left investors none the wiser on the ultimate state of tariffs on China despite many headlines around it. The Trump administration would look at lowering tariffs on imported Chinese goods pending talks with Beijing, a source told Reuters on Wednesday, after a Wall Street Journal report that the White House was considering cutting its tariffs on Chinese imports.

  • Apr 23, 2025

Oil prices recover some of previous day's losses

Oil prices recovered some losses on Thursday as investors weighed a potential OPEC+ output increase against conflicting tariff signals from the White House and U.S.-Iran nuclear talks. At those levels, prices have recouped about half of their losses from Wednesday, when prices slid almost 2% after Reuters reported that several OPEC+ members had suggested the group accelerate oil output increases for a second month in June. Kazakhstan, which produces about 2% of global oil output and has repeatedly exceeded its quota over the past year, said it would prioritise national interests over OPEC+ in deciding production levels.

  • Apr 23, 2025

US wants to sign economic partnership with Ukraine 'as soon as possible'

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent met Ukrainian Prime Minister Denys Shmyhal and Finance Minister Sergii Marchenko on Wednesday and stressed the need to sign an economic partnership between the two countries as soon as possible, the U.S. Treasury Department said. Washington has said it will walk away from efforts to broker a peace deal between Russia and Ukraine unless there are clear signs of progress soon. After the U.S. and Ukraine reached a memo of understanding on Thursday, U.S. President Donald Trump said he expected to sign a minerals deal with Kyiv this week.

  • Apr 23, 2025

XRP Is Rising Today -- Is the Cryptocurrency a Buy?

XRP (CRYPTO: XRP) is moving higher thanks to some positive-looking developments on the macroeconomic front and a potential coin-specific catalyst trading. The cryptocurrency's token price was up 2.4% over the previous 24 hours of trading as of 5:45 p.m. ET. After comments from President Donald Trump yesterday indicating that tariffs on Chinese products would come down substantially, Reuters reported today that the administration was open to lowering import taxes on the country's goods from 145% to between 50% and 65%.

Popular Post