The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
US President Donald Trump has escalated trade tensions with Canada again after threatening to impose "severe" tariffs on fertilizer exports from the country. The threat was made at a White House event, where Trump also announced a multi-billion dollar aid package for US farmers affected by his own tariff policies. Previously, the Trump administration had already imposed broad tariffs on Canadian and Mexican imports as part of the 2025 trade war, with Canadian fertilizer receiving preferential treatment in the form of lower tariffs but still subject to additional duties on volumes above...
China's trade surplus roared above $1 trillion in November for the first time ever, despite the ongoing global trade war that has resulted in a steep drop in exports to the U.S. In the first 11 months this year, China's overall exports grew 5.4% compared to the same period in 2024 while imports fell 0.6%, taking its trade surplus to $1.076 trillion this year as of November, up 21.6% year on year. The move come even as China's U.S.-bound goods fell for an eighth straight month despite a recent trade deal between the two economies, even as overall exports surpassed market expectations in...
US President Donald Trump expressed disappointment with Ukrainian President Volodymyr Zelenskiy's response to Washington's peace proposal to end the war with Russia. According to Trump, Kyiv hasn't moved quickly enough to review the proposal, even though it was sent just hours earlier. He even said that "the Ukrainian people like" the plan, but the president doesn't. Meanwhile, Trump claimed that Russia is "fine" with the proposal's contents, giving the impression that he is more optimistic about Moscow's response than Kyiv. This stance contrasts with Trump's tone toward Russian President...
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his administration had "succeeded where many others have failed," calling this the eighth war he has ended in less than a year. However, the reality on the ground is far more complicated, as fighting in eastern Congo continues despite the signing of the previous peace agreement. The agreement is not just about a ceasefire; it also concerns the mineral trade. The agreement grants US companies access...
US bonds fell after jobless claims fell to their lowest level since 2022, one of the last readings on the health of the US labor market before the Federal Reserve's interest rate decision next week. Yields rose two to four basis points across all tenors, led by the five-year Treasury. The 10-year Treasury yield was just below its session high of around 4.10%. Labor Department data released Thursday showed that applications for unemployment benefits fell last week to their lowest level in more than three years, signaling that most companies are retaining workers. The day before, ADP...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...