Trade
India’s central bank beats market expectations to deliver outsized rate cut of 50 points
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images India’s central bank delivered an outsized cut to its benchmark policy rate, bringing it to 5.5% from 6%, its lowest level since August […]
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Trump holds call with Xi, Chinese media says
President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday. The call was initiated by Trump, Beijing’s Ministry of Foreign Affairs said in a subsequent statement. The White House did not immediately respond to CNBC’s request for comment on the report. U.S. stock futures rose on news […]
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Here’s how tariffs could affect the price of goods like shoes and sweaters
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying. Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various […]
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Shein and Temu see U.S. demand plunge on ‘de minimis’ trade loophole closure
Use of low-cost e-commerce giants Temu and Shein has slowed significantly in the key U.S. market amid President Donald Trump’s tariffs on Chinese imports and the closure of the de minimis loophole, new data shows. Temu’s U.S. daily active users (DAUs) dropped 52% in May versus March, before Trump’s tariffs were announced, while those at […]
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Auto industry sounds the alarm as China’s rare earth curbs start to bite
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters Automotive industry groups are increasingly worried about a rare earth shortage. Several European auto supplier plants and production lines have already been shut down due to China’s recent export controls, according to […]
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Private equity bosses turn bullish on Europe
U.K., abstract of glass and steel built office towers in the London financial district. Shomos Uddin | Moment | Getty Images BERLIN – At the world’s largest gathering of private equity professionals, the buzz around opportunity in Europe is undeniable, in a sharp reversal of sentiment from this time last year. That shift comes amid […]
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U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
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As the TACO trade goes viral, another is gaining traction: ‘Anywhere But The USA’
“It’s become quite emotive,” one market watcher told CNBC. “Nobody wants to invest in an environment where the government might change its mind overnight.” Source
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Opposition party leader Lee Jae Myung leads in polls as South Korea votes for new president
Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, poses for a photo after receiving a symbolic ticket for the ”Lee Jae-myung Train” from lawmaker Jang Kyung-tae during a campaign rally at Yongsan Station Plaza in Seoul, South Korea, on May 19, 2025. (Photo by Chris Jung/NurPhoto via Getty Images) Nurphoto | Nurphoto […]
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China’s Leapmotor and Huawei-backed Aito report record high deliveries in May as competition heats up
Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting year-on-year growth of 148%. Cfoto | Future Publishing | Getty Images Chinese electric carmakers Leapmotor and Aito reported record high deliveries in May, while other startups struggle to catch up as the price war intensifies. Stellantis-backed Leapmotor delivered a record 45,067 vehicles in May, reflecting […]
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