US President Donald Trump on Monday boasted the success of tariffs on its “biggest abuser,” China, claiming that Chinese markets have been crashing since the imposition of duties on US imports. US President Donald Trump on Monday claimed that America was bringing in “billions of dollars” and that prices of oil, food and other amenities…
By Wayne Cole SYDNEY (Reuters) -Asian markets faced more turmoil on Monday as fears of a global trade war saw Wall Street futures plunge, while investors wagered the mounting risk of recession could see U.S. rates cut as early as May. S&P 500 futures slid 4.79% in volatile trade, while Nasdaq futures dived 5.78%, adding…
Crude oil prices were on course for their third weekly rise as concern grew about supply after President Trump threatened 25% tariffs on any country buying Venezuelan crude while stepping up sanctions on Iranian entities. At the time of writing, Brent crude was trading at $73.91 per barrel while West Texas Intermediate was changing hands…
BANGKOK (AP) — Shares were mixed in Asia on Tuesday, with Chinese markets retreating, following a broad rally on Wall Street fueled by hopes the Trump administration may take a more targeted approach as it tees up a new round of tariffs on imported goods next week. U.S. futures edged lower and oil prices were…
By Florence Tan SINGAPORE (Reuters) – Oil prices fell on Monday as concern about the impact of U.S. import tariffs on global economic growth and fuel demand, as well as rising output from OPEC+ producers, cooled investor appetite for riskier assets. Brent crude fell 25 cents, or 0.4%, to $70.11 a barrel by 0037 GMT…
By Rajendra Jadhav, Bernadette Christina and Ashley Tang KUALA LUMPUR/JAKARTA (Reuters) – Prices of cooking oil could be buoyed up for years by stagnating production and a biodiesel push in top producer Indonesia that are making traditionally cheap palm oil costlier, eliminating an advantage that also curbed prices of rival oils. Used in everything from…
(Bloomberg) — The oil market is becoming increasingly numb to the array of changes that Donald Trump is trying to make now that he’s US President again. Most Read from Bloomberg Trump spent his first weeks in office railing against OPEC, seeking an end to the war in Ukraine, and threatening tariffs against some of…
The start of the U.S.-Russian talks on ending the war in Ukraine adds another bearish geopolitical factor for oil prices this year. As top U.S. and Russian officials are meeting in Saudi Arabia to discuss the possible end of the war without Ukraine’s participation, the market is starting to come around to the potential of…
(Reuters) – Oil prices fell on Thursday on expectations a potential peace deal between Ukraine and Russia would mean the end of sanctions that have disrupted supply flows and U.S. President Donald Trump’s intention to introduce reciprocal tariffs stoked inflation jitters. Brent futures were down 55 cents, or 0.73%, at $74.63 a barrel by 0141…
The Bank of Japan gave the green light to lift interest rates to their highest since level 2008 (Richard A. Brooks) Asian markets rose Friday after a record day on Wall Street in response to Donald Trump’s tax-cut pledge, while the yen strengthened after a widely expected interest rate hike by the Bank of Japan….