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PRESS DIGEST- New York Times business news - April 9
April 9 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Two big law firms, Jenner & Block and WilmerHale, that have come under attack by the Trump administration filed court papers ...Reuters
Wed, Apr 9
Technical Analysis
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bears target $73,000 BTC, $1,300 ETH, and $1.30 XRP
Bitcoin (BTC) price hovers around $76,200 on Wednesday after falling 3.59% the previous day. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and continued their downward trend. The technical outlook suggests a correction, targeting $73,000 BTC, $1,300 ETH, and $1.30 XRP.
Other
Trump says he told TSMC it would pay 100% tax if it doesn't build in US
April 8 (Reuters) - President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100% if it did not build its plants in the country.Speaking at a Republican National Congressi...Reuters
Wed, Apr 9
Cryptocurrencies
Ethereum Dips Into Capitulation Zone: Analyst Reveals What Could Come Next
Ethereum (ETH) has begun to show signs of recovery following a sharp decline earlier this week that brought its price down to $1,471. As of today, the asset is trading at around $1,570, representing a 4.8% increase over the past 24 hours. Ethereum remains under broader market pressure despite the re...NewsBTC
Wed, Apr 9
Forex
Australia, NZ dollars at mercy of global slowdown as RBNZ cuts rates
By Wayne Cole SYDNEY, April 9 (Reuters) - The Australian and New Zealand dollars edged off deep lows on Wednesday as U.S. recession risks hobbled their major competitor, though the prospect of new massive U.S. tariffs on China could make the gains fleeting.Such was the scale of uncertainty in mar...Reuters
Wed, Apr 9
Forex
Iron ore slips to 6-1/2-month low as global trade war intensifies
By Amy Lv and Lewis Jackson BEIJING, April 9 (Reuters) - Iron ore futures dropped on Wednesday to their lowest levels in more than six months, as demand prospects were clouded by the escalation of a global trade war triggered by U.S. President Donald Trump's broad tariffs. The most-traded Sep...Reuters
Wed, Apr 9
Stocks
Chinese brokerages promise market support, firms set buybacks as trade war intensifies
SHANGHAI/SINGAPORE, April 9 (Reuters) - Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war.The Shanghai Stock Exch...Reuters
Wed, Apr 9
Forex
India Morning Newsletter, April 9
(India Morning Newsletter will not be published on Thursday, April 10 on account of the Mahavir Jayanti holiday)To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-Subscriptionpag...Reuters
Wed, Apr 9
Forex
Japan, US may discuss FX in trade talks, Finance Minister Kato says
FX matters to be discussed by Japan, US finance chiefsUS may pressure Japan to prop up yen, some analysts sayKato's remarks follow Bessent's post signaling talks on FXRecession fears complicate BOJ's rate-hike pathBy Leika Kihara TOKYO, April 9 (Reuters) - Japanese Finance Minister Ka...Reuters
Wed, Apr 9
Forex
Japanese Yen strengthens further as recession fears boost safe-haven demand
The Japanese Yen (JPY) buying remains unabated for the second straight day on Wednesday as investors continue to take refuge in the traditional safe-haven currency amid concerns about a tariffs-driven global recession.
Fxstreet
Wed, Apr 9
Commodities
Shanghai base metals fall as US set to impose 104% tariffs on China
SHANGHAI, April 9 (Reuters) - Base metal prices in China fell on Wednesday, with copper hitting an eight-month low, as the looming 104% U.S. import tariff on Chinese goods heightened concerns about slowing growth.Reuters
Wed, Apr 9
Economic Indicator
Vietnam's deputy PM to meet US's Bessent, Boeing on Wednesday, schedule shows
Meeting confirmed by US senior officialMeeting is to possibly arrange future tariff talks, source saysDeputy PM Phoc set to meet SpaceX, Boeing, Apple this weekDPM to attend signing of Vietjet-KKR deal on jet financeBy Phuong Nguyen, Francesco Guarascio and David Lawder HANOI/WASHINGTON, April 9 ...Reuters
Wed, Apr 9
Economic Indicator
Elon Musk tags Milton Friedman as three Forbes Billionaires ask Trump to end Trade War
Tesla CEO, and Department of Government Efficiency lead, Elon Musk takes a stand against Trump’s tariffs positive a viral Milton Friedman video on X. Meanwhile other top Wall street billionaires have also launched media campaigns to avert the looming US trade war.Fxstreet
Wed, Apr 9
Stocks
Japan's Nikkei falls tracking Wall Street on growth worries
TOKYO, April 9 (Reuters) - Japan's Nikkei share average fell in a broad sell-off on Wednesday, tracking Wall Street's overnight declines on worries about slowing growth as the trade war between the United States and China intensified.The Nikkei index .N225 fell 2.62% to 32,147.04 by the midd...Reuters
Wed, Apr 9
Commodities
PRESS DIGEST- Financial Times - April 9
April 9 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Companies sued for 360 million pounds in damages over Grenfell Tower fire- UK financial watchdog cuts fees for first time in more than...Reuters
Wed, Apr 9
Commodities
Silver Price Forecast: XAG/USD holds above $29.50 amid tariff uncertainty
The Silver price (XAG/USD) recovers some lost ground to around $29.85 during the Asian trading hours on Wednesday. Analysts believe the recent correction could be a setup for a strong rebound amid rising trade tensions and recession fears.
Fxstreet
Wed, Apr 9
Stocks
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on US-China trade war
April 9 (Reuters) - Indonesia's rupiah dropped to a new alltime low on Wednesday while equities in Asian emerging markets fell sharply as the U.S. readied to impose 104% tariffs on Chinese goods, escalating a trade war between the world's two biggest economies.Stocks in Singapore .STI droppe...Reuters
Wed, Apr 9
Stocks
EMERGING MARKETS-Rupiah hits fresh low, Asian stocks fall on US-China trade war
April 9 (Reuters) - Indonesia's rupiah dropped to a new alltime low on Wednesday while equities in Asian emerging markets fell sharply as the U.S. readied to impose 104% tariffs on Chinese goods, escalating a trade war between the world's two biggest economies.Stocks in Singapore .STI droppe...Reuters
Wed, Apr 9
