Month: March 2025
Global bonds sell off as investors react to Trump’s tariffs and a German ‘paradigm shift’
Traders across the globe are monitoring updates to U.S. President Donald Trump’s trade policy. Spencer Platt | Getty Images Government borrowing costs rose across the globe on Thursday, with German bonds resuming the sell-off that sparked the biggest daily jump in yields since the country’s reunification 35 years ago. Bond prices and yields move in […]
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Alibaba shares soar after Chinese tech giant unveils new DeepSeek rival
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1. Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting […]
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How Europe could seize frozen Russian assets to fund Ukraine
European Union, and Ukrainian flags fly in front of the Berlaymont, the EU Commission headquarters, for the 3rd anniversary of the large scale invasion of Ukraine by Russia on Feb. 24, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images News | Getty Images President Donald Trump’s return to the White House has completely shifted […]
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Air France-KLM pops 16% after profit beat; Europe markets open higher ahead of ECB meeting
European markets opened higher on Thursday as investors look ahead to the latest monetary policy decision of the European Central Bank. Source
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Seven & i to replace CEO in May, list North American subsidiary in second half of 2026
A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Richard A. Brooks | Afp | Getty Images Seven & i Holdings, the parent of 7-Eleven, said Thursday it will replace CEO Ryuichi Isaka with lead independent outside director Stephen Dacus, making a foreigner the top […]
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China has more room to act on fiscal policy amid global uncertainties, finance minister says
Key Points China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo’an told reporters on Thursday. China on Wednesday announced it was raising its on-budget deficit to 4% of the country’s gross domestic product — the highest since at least 2010. “China has delivered a pro-growth message […]
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China’s growth goal will need much stronger stimulus if U.S. trade war intensifies, economists say
Chinese President Xi Jinping stands to leave after the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2025. Tingshu Wang | Reuters Chinese leadership took on a hefty task by setting an ambitious growth target this year but Beijing may yet need much […]
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‘Obstacles’ in Egypt’s $53 billion plan to rebuild Gaza, install Palestinian Authority control
Egyptian President Abdel Fattah el-Sisi poses for a picture with leaders as Egypt hosts emergency Arab summit to discuss Palestinian developments, at Egypt’s New Administrative Capital in Cairo, March 4, 2025. Egyptian Presidency | Via Reuters Arab states led by Egypt have accepted a roadmap to rebuild Gaza as the “comprehensive Arab plan,” countering President […]
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Tensions between Trump and Europe could could have an unintended beneficiary: China
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty Images Tensions between the U.S. and Europe have hit something of a low in recent weeks — and China […]
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South Korea’s mint is grappling with a gold bar shortage as supply constraints bite
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea. SeongJoon Cho | Bloomberg | Getty Images South Korea’s state-run mint is grappling with a gold bar shortage amid robust demand for the precious metal. The Korea Minting and Security Printing Corporation (KOMSCO), which is responsible for the production and distribution of […]
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