A screen showing the Shanghai composite index (top), Shenzhen component index (C) and Beijing stock exchange 50 index (bottom) in Jing’an district in Shanghai on April 9, 2025. Hector Retamal | Afp | Getty ImagesChinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said Friday, as Beijing steps up support for its stock markets in an intensifying trade war with the United States.Two investor sources said a soft limit on daily net sales by individual hedge funds and big retail investors – implemented through verbal warnings from brokerages – had been…
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A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023.CFOTO | Future Publishing | Getty ImagesChina’s exports jumped more than expected in March as businesses frontloaded outbound shipments to avoid prohibitive U.S. tariffs, while imports extended declines as sluggish domestic demand persisted.Exports jumped 12.4% last month in U.S. dollar terms from a year earlier, according to data released by customs authority on Monday, significantly outpacing Reuters’ poll estimates of a 4.4% growth and marking the biggest jump since October last year.Imports fell 4.3% in March from a year earlier,…
Ecuador’s president, who unexpectedly surged in the polls to secure a shortened term in 2023, was declared the victor of the presidential election with a decisive lead on Sunday in a race that showed voters’ faith in his vows to tackle the security crisis with an iron fist.Daniel Noboa, 37, defeated Luisa González, 47, the handpicked successor of former President Rafael Correa.Both candidates accused the other of electoral violations throughout the election season, and Ms. González said she would not recognize the results of the election, in a speech from the headquarters of her party, Citizen Revolution.“I want to be…
Sen. Cory Booker (D-NJ) speaks during Attorney General nominee Merrick Garland’s confirmation hearing before the Senate Judiciary Committee, Washington, DC, February 22, 2021.Al Drago | Pool | ReutersWASHINGTON — Sen. Cory Booker said Sunday that Congress should hold hearings and defended Democratic lawmakers’ calls for investigations into any possibility of insider trading after President Donald Trump encouraged people to buy stocks before reversing his tariff policy last week.”There is enough of an offense here, there’s enough smoke here that should demand congressional hearings,” the New Jersey Democrat said on NBC News’ “Meet the Press.”Democrats began questioning whether anyone traded improperly after Trump said on…
An Apple store at Manhattan Village, on April 8, 2025 in Manhattan Beach, California, U.S.Jay L Clendenin | Getty Images News | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from his so-called ‘reciprocal’ tariffs, including the baseline 10% rate on all countries.That means such products imported from China will apparently not be subjected to the 125% tariff U.S. President Donald Trump slapped on Beijing (a 20% tariff will remain). Apple CEO Tim Cook must be heaving…
View of MAS building, SingaporeLee Yen NeeSingapore on Monday eased its monetary policy for the second straight time, as the city-state posted a lower-than-expected GDP growth of 3.8% for the first quarter, according to advance estimates.The Monetary Authority of Singapore had eased its policy stance in its January meeting too, loosening policy for the first time since 2020.The MAS said Monday it would reduce the rate of appreciation of its policy band known as the Singapore dollar nominal effective exchange rate, or S$NEER.”MAS will continue with the policy of a modest and gradual appreciation of the S$NEER policy band,” it…
Why is this election important?President Daniel Noboa, who has pledged to tackle the security crisis with an iron fist, is facing re-election after 16 months in office. He is neck and neck with Luisa González, a candidate backed by Rafael Correa, the populist former president.In the past five years, Ecuador has experienced an explosion in violence linked to drug trafficking. A justice system plagued by overcrowding, corruption and underfunding has become fertile ground for prison gangs allied with international drug cartels.That has transformed the country from an oasis of peace in a turbulent region to an important player in the…
One strategist said certain commodities “will go way higher than most people will be willing to believe.” Source link
A Chinese flag flies high over The Bund.Liu Liqun | Corbis Documentary | Getty ImagesAsia-Pacific markets were set to climb Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment.Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new “reciprocal” tariffs, according to a U.S. Customs and Border Protection guidance issued late Friday.However, Trump and Commerce Secretary Howard Lutnick suggested Sunday that the exemptions were not permanent, stirring up more uncertainty.Trump said in a Truth Social post that these products were still “subject to the existing 20% Fentanyl Tariffs, and they are…
Emergency personnel work at the scene of a helicopter crash on the Hudson River near lower Manhattan in New York, as seen from Newport, New Jersey U.S., April 10, 2025.REUTERS/Eduardo MunozThe helicopter that crashed into New York City’s Hudson River on Thursday, killing all six on board including three children, lacked flight recorders, the National Transportation Safety Board said.No video or camera recorders have been recovered from the Bell 206 helicopter, the NTSB said late on Saturday, and none of the equipment on it had recorded information that would help the investigation.Divers from the NYPD were continuing to search for parts of the helicopter,…
