News
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BREAKINGVIEWS-US-China trade deal would be tricky and tenuous
By Una Galani HONG KONG, April 24 (Reuters Breakingviews) - Donald Trump and Xi Jinping have an interest coming to the negotiating table. The U.S. president’s 145% additional tariff on many Chinese goods, and his counterpart in Beijing’s corresponding 125% charge, are unsustainable. The problem i...Reuters
Thu, Apr 24
US Dollar Index loses ground as uncertainty persists over Trump’s tariff policy
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges lower to near 99.60 on Thursday amid mitigating concerns over potential tariff threats by US President Donald Trump.Fxstreet
Thu, Apr 24
Fitch watching 'quite closely' how South Korea manages geopolitical challenges
Fitch closely watching South Korea's management of global trade tensions Asia-Pacific director does not expect changes to country's "AA-" ratingSouth Korea's trade-reliant economy vulnerable to global shifts, he saidBy Jihoon Lee and Youn Ah Moon SEOUL, April 24 (Reuters) - Gl...Reuters
Thu, Apr 24
Thai export growth at 3-year high in March, US tariffs a challenge
BANGKOK, April 24 (Reuters) - Thailand's export growth in March reached the highest level in three years and shipments should continue to grow in the current quarter, although steep U.S. tariffs remain a concern, the commerce ministry said on Thursday.Exports THCEX=ECI, a key driver of Southeast...Reuters
Thu, Apr 24
JGB yields decline after smooth 2-year note auction
By Kevin Buckland TOKYO, April 24 (Reuters) - Japanese government bond yields fell on Thursday after a smooth auction of two-year notes soothed investor anxieties over the attractiveness of the securities following a sharp drop in yields this month.The two-year JGB yield JP2YTN=JBTC was down one ...Reuters
Thu, Apr 24
Indonesia expects steady 5% growth in 2025 amid ongoing trade tensions
Economic growth in 2025 seen roughly in line with last yearJakarta working to reduce trade barriers USTR tells Indonesia Trump is final decision maker on tariffs By Stefanno Sulaiman and Gayatri Suroyo JAKARTA, April 24 (Reuters) - Indonesia's economic growth this year will likely stay around...Reuters
Thu, Apr 24
Bangladesh, World Bank sign $850 million deal to boost jobs, trade
DHAKA, April 24 (Reuters) - Bangladesh and the World Bank on Wednesday signed two financing agreements worth $850 million to strengthen the South Asian country's trade capacity, create jobs, and modernise its social protection system, the Washington-based global lender said.The bulk of the fundi...Reuters
Thu, Apr 24
Philippines stands to benefit from US tariff shake-up, but must address constraints, study shows
Philippines faces lowest tariffs in region at 17%, benefits from broad exemptionsPhilippines must improve logistics, investment facilitation to capitalize on advantagesMalaysia also ranks favourably with high export exemptions MANILA, April 24 (Reuters) - The Philippines stands to benefit from a ...Reuters
Thu, Apr 24
European car sales rise in March as EV gain offsets falling combustion engines
By Greta Rosen Fondahn and Alessandro Parodi April 24 (Reuters) - New car sales in Europe rose 2.8% in March, boosted by double digit jumps in Britain and Spain, as industry data on Thursday showed that an increase in registrations of electric vehicles in the month offset a fall in those of petro...Reuters
Thu, Apr 24
Vietnam starts trade talks with US as immense 46% tariffs loom, state media reports
HANOI, April 23 (Reuters) - Vietnam's trade minister spoke to U.S. Trade Representative Jamieson Greer by phone on Wednesday, state-run media reported, kicking off trade talks as whopping 46% U.S. tariffs loom, threatening growth in Southeast Asia's industrial hub.The U.S. has paused imposin...Reuters
Thu, Apr 24
USD/INR holds positive ground amid tensions over Kashmir
The Indian Rupee (INR) faces some selling pressure on Thursday as terrorist attacks in Kashmir, India, weighed on sentiment. Furthermore, rising crude oil prices undermine the Indian currency, as India is the world's third-largest oil consumer.Fxstreet
Thu, Apr 24
PRESS DIGEST-British Business - April 24
April 24 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- British Chancellor Rachel Reeves will review a tax loophole exploited by Chinese e-commerce firms like Shein and...Reuters
Thu, Apr 24
USD/CAD falls toward 1.3850 as Fed’s Beige Book suggests deteriorating economic conditions
USD/CAD edges lower around 1.3870 during Thursday's Asian session, after climbing roughly 0.50% in the previous day. The pair is under pressure as the US Dollar (USD) weakens following the Federal Reserve’s April Beige Book, which pointed to deteriorating economic conditions.
Fxstreet
Thu, Apr 24
Japanese Yen snaps two-day losing streak against USD amid reviving safe-haven demand
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Thursday and for now, seems to have stalled its retracement slide from a multi-month high touched earlier this week.Fxstreet
Thu, Apr 24
Malaysia will need to revise down growth forecast, central bank governor says
KUALA LUMPUR, April 24 (Reuters) - Malaysia will need to mark down its growth forecast of 4.5% to 5.5% for the year due to trade and tariff uncertainties, its central bank governor said. The Southeast Asian country is, however, in no rush to revise the forecast and will see how the global trade situ...Reuters
Thu, Apr 24
