President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
China is the world's top energy importer but its purchases from the United States are relatively modest, lessening the impact of Beijing's move Tuesday to impose retaliatory tariffs on U.S. crude oil, liquefied natural gas (LNG) and coal. Shortly after U.S. President Donald Trump's tariffs on China took effect Tuesday, China's Finance Ministry said it would impose levies of 15% on U.S. coal and LNG imports and 10% on crude oil as well as farm equipment and some cars, starting Feb. 10. China's U.S. crude oil imports fell 52% to about 230,540 barrels per day (bpd) in the first 11 months of...
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects 'rare earth metals' in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains "not happy" with the Panama situation, and reiterated that his work on tariffs is not over yet.We'll be doing something perhaps with TikTok if we can make the right deal, TikTok could go into the sovereign wealth fund.Nobody is out of tariffs.I had good talk with Trudeau.We haven't agreed on tariffs yet with...
According to the Institute for Supply Management (ISM), the Manufacturing PMI rose to 50.9 in January from 49.3 in the previous month, beating market expectations of 49.8. Additionally, the Prices Paid Index—a measure of inflation—rose to 54.9 from 52.5, while the Employment Index increased to 50.3 from 45.4, and the New Orders Index improved to 55.1. The US dollar maintained its upbeat performance so far on Monday, motivating the US Dollar Index (DXY) to maintain its marked gains above the 109.00 mark for now. Excitement is building as the Institute for Supply Management (ISM) prepares...
Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.6% on a yearly basis in December from 2.4% in November, the US Bureau of Economic Analysis (BEA) reported on Friday. The core PCE Price Index, which excludes volatile food and energy prices, rose 2.8% in the same period, matching November's reading and the market expectation. The core PCE Price Index rose 0.2% on a monthly basis. Source: Fxstreet
US President Donald Trump has confirmed that he will impose 25% tariffs on imports from Canada and Mexico, effective February 1. It remains to be seen whether crude oil, a significant import from these countries, will be included in the tariffs. The tariffs are intended to address issues such as migration, fentanyl trafficking and trade imbalances. However, Nigel Green, CEO of deVere Group, a global financial advisory and asset management firm, warned that the move carries significant risks for investors worldwide. The US imports around 40% of its crude oil, mainly from Canada. If oil is...
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...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...