Asia, Trump and Stock rout
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The New York Times |
Financial markets in Asia fell sharply on Monday and the S&P 500 was poised to slide again, as President Trump doubled down on global tariffs that have made investors increasingly pessimistic.
Reuters |
Major stock indexes plunged in Asia on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see ...
The New York Times |
Bank economists have raised the odds that a recession will hit the United States over the next 12 months.
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Credit markets turned shaky in Asia on Monday, with the cost of insuring against corporate and sovereign default higher as recession fears rippled across financial markets. The five-year credit default swap spread on the Markit Itraxx Asia ex-Japan index,
All major powers—the U.S., China, Japan, the European Union, and India—saw an increase in trust from Southeast Asia this year. Of these, Japan remains the most trusted, and its trust level increased from 58.9% to 66.8%. The E.U. overtook the U.S. for second most trusted, while the U.S., China and India followed in that order.
Newsweek has created a map showing where in Asia the U.S. has travel warnings in place. The U.S. State Department told Newsweek: "We have no higher priority than the safety and security of U.S. citizens overseas.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
EXCLUSIVE: Asia’s top five micro-drama apps reached a cumulative total of 150 million monthly active users (MAU) in February, while China-based companies achieved significant growth in the genre over the last year,
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Shares tumbled in Europe and Asia and U.S. futures tumbled Thursday following U.S. President Donald Trump ’s announcement of big increases in tariffs on imports of goods from around the world.
Saudi Arabia, the world's top oil exporter, on Sunday lowered crude oil prices for Asian buyers in May to their lowest in four months, after a shock decision by the OPEC+ oil group to increase supply on Thursday.
Lauren Lin is in a hurry. She has less than 48 hours to ship about 5,600 Bitcoin mining machines from Thailand to the US before tariffs imposed on the Southeast Asian country by President Donald Trump kick in.
Lululemon finds itself directly in the crosshairs of President Trump’s trade war as the bulk of its apparel is sourced from Southeast Asia.
Stocks have fallen in Asia and Australia amid economic turmoil stemming from President Trump’s sweeping tariffs. At 9:26 p.m. Eastern time Sunday, Japan’s Nikkei 225 was down close to 1,990 points, or 5.