Ghana orders foreigners to exit its gold trade by month-end to boost earnings, cut smuggling, and streamline small-scale gold purchases, officials said Monday.
Trump claims he's "solved inflation" after easing tariffs, citing a 2.4% March rate and rising stocks, despite earlier market turmoil from his trade policies.
Nissan will cut Japan production of its top-selling U.S. model, the Rogue SUV, from May to July due to new U.S. import tariffs, a source said.
South Korea raised its chip industry support to 33T won ($23.25B), up from 26T won last year, to boost its vital semiconductor sector.
JPMorgan CEO Jamie Dimon sold $31.5M in shares, his second sale since 2005. It follows strong Q1 profits driven by record trading and higher deal fees.
Intel is selling 51% of its Altera chip unit to Silver Lake for $4.46B, valuing it at $8.75B—down from the $17B Intel paid in 2015.
Goldman Sachs posted a 15% Q1 profit rise, driven by record equities trading. But investor focus shifts to economic uncertainty from tariffs and recession fears.
Singapore eased monetary policy again as U.S. tariffs dim global trade outlook. 2025 growth forecast was cut to 0–2% from the previous 1–3% range.
Japan PM Ishiba warned U.S. tariffs could disrupt the global economy but said Japan aims to find common ground with the U.S. on trade and security issues.
UK and G7 may tighten Russia's $60 oil price cap after crude drops below it, aiming to curb war funds and push Moscow toward peace talks.
Goldman Sachs sees oil prices falling in 2025–2026 due to recession risks, more OPEC+ supply, and weak demand growth of just 300,000 bpd amid global trade woes.
China's exports jumped in March as factories rushed to beat U.S. tariffs, but rising trade tensions with the U.S. threaten growth and global trade outlook.
Trump's admin excluded phones, computers, and some electronics from China tariffs, easing pressure on tech firms. China called it a small step toward fixing U.S. policy.
Tesla has halted new Model S and X orders in China amid a U.S.-China trade war, following China's 84% tariffs on U.S. goods after Trump's import levies.
Hedge funds gained on April 9 but missed most of the S&P 500's 9.5% rally after Trump paused tariffs; global funds rose 0.98%, U.S. funds gained 2.28%.
Japanese households' inflation expectations rose in the three months to March, adding pressure on the Bank of Japan to consider further interest rate hikes.
UK economy grew 0.5% in Feb, beating forecasts of 0.1%. GDP was up 1.4% year-on-year, and January's drop was revised to show no change from December.
Oil-dependent nations face pressure from the lowest crude prices since COVID, pushing them to cut spending or raise debt to cope with falling revenues.
Trump's 25% auto tariffs could cost U.S. automakers $108B in 2025, hitting Detroit's Big Three with $42B in added costs, or up to $8.6K per imported vehicle.
Brazil plans an extra oil auction to raise $3.4B, aiming to offset revenue shortfalls amid low oil prices and global trade uncertainty, with a September target.
Treasury yields fell as Trump paused tariffs for 90 days. The 10-year dropped to 4.312% and the 2-year to 3.879%, calming markets after a volatile bond sell-off.
Amazon CEO Andy Jassy says big AI spending is key to staying competitive, as AI will transform all customer experiences and improve lives daily.
TSMC reported Q1 revenue of $25.55B, exceeding forecasts, driven by strong AI demand. The company supplies major firms like Apple and Nvidia.
Alphabet says it's still set to spend $75B on data centers in 2025, aiming to support AI growth despite investor concerns and market turmoil from U.S. tariffs.