AUD/USD forecast: forms H&S pattern ahead of RBA decision
The AUD/USD exchange rate has retreated in the past few days ahead of the upcoming Reserve Bank of Australia (RBA). It was trading at 0.6278, down by almost 10% from…
Economy
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China’s manufacturing hits 1-year peak as economic stimulus measures kick in
China’s manufacturing activity grew at its fastest pace in a year in March, reflecting the impact of Beijing’s stimulus measures on economic recovery. However, escalating trade tensions with the US…
Is the “vibecession” back? Here’s what the data really says
The vibecession is back in the headlines. The term is used to describe a disconnect between how people feel about the economy and how the economy is actually performing.Consumer sentiment…
Russia, US discuss potential cooperation on rare earth minerals projects
President Vladimir Putin’s investment envoy announced in a statement released on Monday that Russia and the United States have initiated discussions on collaborative rare earth metals and other projects within…
Sudzha gas facility attack threatens Russia-Ukraine energy agreements
Despite a moratorium on attacking energy facilities, Russia claimed on Friday that Ukraine had struck a gas infrastructure unit in the town of Sudzha. Russia accused Ukraine of violating the moratorium…
TSMC stock under pressure from tariff concerns, but analysts stay bullish
Taiwan Semiconductor Manufacturing Co. (TSMC) has faced a difficult year, with its stock declining 15% amid growing concerns over potential US tariffs on semiconductor imports and its substantial investment in…
Tariffs and spending cuts likely to increase US stagflation risks, warns ING
The current US economic landscape is characterised by rising inflation and a decrease in consumer spending. These existing trends are likely to be exacerbated by the implementation of protectionist US policies. Analysts…
Myanmar earthquake death toll soars; Thai rescuers search for dozens trapped in Bangkok collapse
Southeast Asia is reeling from a pair of devastating events, as a powerful earthquake in Myanmar leaves a trail of death and destruction, while rescuers in neighboring Thailand scramble to…
Beyond car stocks: Donald Trump’s tariffs threaten global auto supply chains
US President Donald Trump’s plan to impose tariffs on imported vehicles is sending shockwaves far beyond the Detroit auto industry. The policy is adding to investment risk and is set…
Walmart announces $6 billion investment in Mexico: key details
Walmart’s Mexico unit, known as Walmex, stated on Thursday that it planned to invest more than $6 billion through 2024, signaling confidence in the Mexican market. This expenditure is roughly…