Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to. The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations. In addition to...
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 is targeting American agricultural exports as it prepares retaliatory measures against new US import tariffs, China's state-backed Global Times reported, raising the stakes in an escalating trade war between the world's top two economies. US President Donald Trump last week threatened China with an additional 10% tariff that would take effect on Tuesday, resulting in a cumulative tariff of 20%, and accused Beijing of not doing enough to stop the flow of fentanyl into America, which China said amounted to "blackmail." "China is studying and formulating relevant countermeasures in...
Top Republicans aligned with U.S. President Donald Trump pushed Ukrainian President Volodymyr Zelenskiy on Sunday to change his position on the war with Russia or step aside, ramping up pressure on the Ukrainian leader after a contentious White House meeting last week. European leaders gave a show of support to Zelenskiy at a meeting in London on Sunday, with British Prime Minister Keir Starmer urging his counterparts to step up their defense efforts, just two days after Trump and Vice President JD Vance clashed with Zelenskiy in the Oval Office, spurring him to leave early without signing...
Ukrainian President Volodymyr Zelenskiy urged President Donald Trump on Friday not to compromise with a killer, referring to the Russian leader, as they met to sign a deal for U.S. participation in Ukraine's mineral industry. Trump and Zelenskiy sat down for talks in the Oval Office as Kyiv seeks to bolster U.S. support and Trump opens talks with Moscow. Zelenskiy, who has billions of dollars in U.S. arms and moral support from the Biden administration for his war on Russia, faces a stark contrast from Trump. Trump wants to end the three-year war, improve relations with Russia and recoup...
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...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...