Floods on Indonesia's holiday island of Bali have killed at least nine this week and affected 600 people, blocking off major roads in the capital and disrupting a busy travel destination, officials said on Wednesday. Continuous heavy rains between Tuesday evening and Wednesday caused the floods and killed five people in Bali's capital Denpasar, Abdul Muhari, the spokesperson of the country's disaster mitigation agency said in a statement. Four more people were killed in the regions of Jembrana, Gianyar, and Badung, Abdul added. Two people were still missing. Out of 600 people affected,...
On Tuesday (04/03), China swiftly retaliated against the new US tariffs by announcing a 10%-15% increase in import tariffs covering a range of American farm and food products, as well as imposing export and investment restrictions on 25 US companies. COMMENTARY: OLE HANSEN, HEAD OF COMMODITY STRATEGY, SAXO BANK "From a pricing perspective, this comes at a very bad time for US corn prices, which are already under selling pressure from hedge funds who have in recent months amassed very large and sustained bets on higher prices. "This will further increase China's dependence on Brazilian...
Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan's benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 37,345 while its counterpart in Osaka last traded at 37,300, against the index's last close of 37,785.47. Japan's employment rate for January came in at 2.5%, slightly higher than Reuters' estimates of 2.4%. Futures for Hong Kong's Hang Seng index stood at 22,910 pointing to a weaker open compared to...
President Donald Trump confirmed Monday that tariffs on Mexico, and Canada are set to go ahead on Tuesday as both nations have now run out of room to negotiate a deal. Starting on Tuesday, all imported products from Canada and Mexico will be subject to 25% import duties. Trump has pointed to the lack of effort from Mexico and Canada to shore up their borders with the U.S. to stem the flow of the "vast amounts" of fentanyl that have poured into the United States. "No room left for Mexico or for Canada," the president told reporters at the White House. "The tariffs, you know, they're all...
St. Louis Federal Reserve President Alberto Musalem said on Monday he expects the U.S. economy to continue to expand this year, but recent weaker-than-expected consumption and housing data and reports from business contacts have raised concerns about possible risks to growth. "The outlook for continued solid economic growth looks good, the labor market is healthy, and financial conditions are supportive. But recent data have been weaker than expected, especially consumer spending and housing market data, posing some downside risk to growth," Musalem said in comments prepared for delivery...
Data from the Institute for Supply Management (ISM) show the Manufacturing PMI receding to 50.3 in February, down from 50.9 in the previous month and falling behind analysts' forecasts of 50.5. Meanwhile, the Prices Paid Index—which tracks inflation—advanced to 62.4 from 54.9, the Employment Index ticked lower to 47.6 from 50.3, and the New Orders Index deflated to 48.6, from 55.1. Market reaction The Greenback maintains its downbeat performance at the beginning of the week, motivating the US Dollar Index (DXY) to deflate to the 106.60 region. Source : Fxstreet
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Poland shot down a drone in its airspace on Wednesday with the support of military aircraft from its NATO allies. This is the first time a member of the Western military alliance is known to have...