#Trump
The Nasdaq confirmed it was in a bear market, ending more than 20 per cent below its record high close
The Nikkei index was down 3.6 per cent at 33,474.56, and on course for a weekly decline of nearly 10 per cent
As Asia digested the news, Japan’s Nikkei share index slumped to an eight-month low, with US and European stock futures also diving
The tariff regime, described by Trump as a “universal baseline tariff”, aims to set a flat 10 per cent import tax on all goods entering the US
The United States imposes a 2.5 per cent tariff on passenger vehicle imports, while India imposes 70 per cent, the White House said in a statement
The sweeping penalties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets
The vastness of Magna’s facility in Michigan underscores its role as a key cog in the intricate global auto supply chain
The president said the trip will centre on securing more than $1tn in investment into the US economy
Spot gold was little changed at $3,048.37 an ounce as of 0350 GMT, after hitting an all-time high of $3,055.96 earlier in the session
US officials are worried about DeepSeek’s handling of user data, which the company says it stores in servers located in China
The reserve will be capitalised with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, said the new White House crypto czar
The world’s largest cryptocurrency, bitcoin, rose 2.4 per cent from Friday’s levels, to $86,292, but was down 8 per cent from Sunday.
The tariff actions, which could upend nearly $2.2 trillion in two-way annual US trade went live at 12:01am EST (0501 GMT)
The UAE announced the retail fuel prices for February 2025, raising the rates by as much as 0.13 fils per litre compared to the month of January 2025
Some Trump officials also aim to further restrict the quantity and types of Nvidia chips that can be exported to China without a license
The dollar index hovered near a two-month low as traders assessed recent weaker-than-expected US economic data
The market is slightly overbought, which can create some technical profit booking after nearing the $3,000 level
Bullion’s eighth record high of 2025 has brought the glittering $3,000 milestone into view
The US leader substantially raised tariffs on steel and aluminium imports on Monday to a flat 25 per cent
Spot gold was up 0.2 per cent at $2,848.69 per ounce, after hitting a record high of $2,853.97 earlier in the session
China’s Finance Ministry said it would impose levies of 15 per cent for US coal and LNG and 10 per cent for crude oil
The US dollar shot to a record peak against the Chinese yuan in offshore trading
On January 23, the Saudi State news agency said the kingdom wants to put $600 billion into expanded investment and trade with the US over the next four years
Gold is sticking closely to its role as a safe haven during economic and geopolitical uncertainty
His inauguration speech focused on emergencies in immigration and energy and a more expansionist foreign policy, including a pledge to take back the Panama Canal
Among those seated prominently were the three richest men in the world
India’s government and industry groups favour a broader trade and investment pact with the United States to help manufacturers integrate into global supply chains
The results are affecting assets globally and determining the outlook for US debt, the strength of the dollar and a host of industries
The 18-hole course designed by Tiger Woods is reportedly facing another delay
Outgoing President Donald Trump doesn’t plan to invite the Bidens to the White House before the inauguration