The pound (GBPUSD=X, GBPEUR=X) was steady against the dollar on Wednesday, up 0.1% to trade at $1.3546, with fear of tax rises in the autumn capping further gains. The latest UK government borrowing figures has increased concerns over tax hikes in the autumn as well as unsettling the bond market which has hit the pound…
Texas Instruments, Inc. (TXN) Texas Instruments, a leading chipmaker with the broadest product list in the field, saw its share value drop over 11.6% in after-hours trading. The stock has seen 46% gains in the year to date following a boom in purchases with each wave of tariff announcements. The rapid cooling-off occurred when the…
On News at 7, this 8th of July, Jamshed Qamar Siddiqui brings to you the day’s most crucial headlines. U.S President Donald Trump, with the backing of the White House has accused the BRICS bloc of undermining U.S interests following their Rio summit exapansions. Donald Trump has announced new tariffs set at 25% to 40%…
US-China relations have been on a roller-coaster it would seem with President Trump announcing across the board tariffs of 145% on Chinese imports, followed by the latter imposing retaliatory tariffs of 125%. “In the last week of June it was announced that a new deal had been signed and the contours of that deal ……
President Trump on Wednesday said he had reached a trade deal with Vietnam, one week ahead of a July 9 deadline for tariffs to snap back to higher levels for US partners. Trump said Vietnam’s goods imported to the US would face a 20% tariff, lower than the 46% tariff he had levied as part…
President Donald Trump has announced the signing of a deal with China and hinted at an upcoming ‘great deal’ with India. This follows rocky trade relations and tariff impositions by the Trump administration. A bilateral trade agreement between India and the US is expected to be signed during Trump’s potential visit to India for the…
US President Donald Trump on Thursday (May 8) unveiled a preliminary trade agreement with the United Kingdom framed as a historic breakthrough.Trump told reporters in the Oval Office, “The final details are being written up,” as he praised the deal for boosting American ethanol and beef exports while retaining a baseline 10 per cent tariff…
WASHINGTON — A trade deal with the United Kingdom announced by the White House on Thursday marked the first of its kind since President Trump launched sweeping global tariffs last month, offering a glimpse into the Trump administration’s negotiating strategy as it seeks to reset terms with trading partners around the world. The agreement, hailed by Trump…
WASHINGTON — The United States and Britain are expected to announce a trade deal on Thursday that will lower the burden of President Trump’s sweeping tariffs and deliver a political victory for U.K. Prime Minister Keir Starmer. Trump posted on his Truth Social platform that a deal due to be announced at 7 a.m. Pacific will be…
Asian and European markets mostly rose Thursday ahead of weekend tariff talks between China and the United States, with London boosted by reports that a “major trade deal” flagged by Donald Trump was with Britain.After the fireworks sparked by the US president’s “Liberation Day” on April 2, markets have enjoyed a period of calm in…