Asia stocks sway amid Trump tariffs
Asia-Pacific markets had a mixed trading day on Monday, with bitcoin reaching a new high and investors analysing…
Browsing Tag
Mexico
Egypt, Mexico explore joint action on environment, sustainability
Egypt’s Minister of Environment Yasmine Fouad held a meeting with Mexico’s Ambassador in Cairo Leonora Rueda…
Egypt ranks 7th in global remittances with $22.7b in 2024 — World Bank
Egypt was the world’s seventh-largest recipient of remittances in 2024, attracting $22.7 billion in inflows, behind…
Metals tariffs double as US pushes for best offers
The United States doubled tariffs on most imported steel and aluminum to 50 per cent on Wednesday, escalating a…
US monthly trade deficit expands in March ’25
The US trade deficit in goods and services expanded to $140.5 billion in March 2025, up 14.0 per cent from a…
US import prices down, export prices hold steady in March
US import prices decreased 0.1 per cent in March 2025 after a 0.2 per cent increase in February, according to the…
Sterling weakened by US tariffs, gains vs. euro
The pound sterling slipped 0.66 per cent against the US dollar on Monday, falling to $1.23135, as the greenback…
Trump hints at ‘pretty soon’ EU tariffs
US President Donald Trump suggested that the European Union (EU) could soon face tariffs, following his imposition…
US trade deficit up in Nov ’24
The US goods and services trade deficit rose by 6.2 per cent to $78.2 billion in November 2024, compared to $73.6…
S. Korea’s exports surge in Dec. ’24
South Korea's exports grew faster than market expectations in December, capping off a record-breaking year,…
VW averts closures, announces workforce reductions
Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
OECD forecasts resilient global growth in ’25, ’26
The global economy is expected to grow at 3.3 per cent in 2025 and 2026, slightly up from 3.2 per cent in 2024,…
IFC supports Mexico’s SMEs with $30m investment
The International Finance Corporation (IFC), part of the World Bank Group, has announced a $30 million anchor…
Asian shares slip as inflation worries persist
Asian shares dropped on Thursday and the dollar strengthened slightly as investors considered US data indicating…
Trump’s proposed tariffs to hit Canadian, Mexican crude oil
US President-elect Donald Trump is not planning to exempt crude oil from his proposed 25 per cent import tariffs on…
Asian stocks decline amid US tariff concerns
Asian stocks declined on Wednesday, and currencies fluctuated as investors grew concerned about the potential for…
Indian stocks slip on Adani concerns
Indian shares fell on Tuesday due to concerns about alleged bribery charges against key executives of Adani Group…
Trump’s tariff plans target Canada, Mexico, China
President-elect Donald Trump vowed to impose significant tariffs on the US's top trading partners - Canada, Mexico,…
Asian markets drop amid Trump’s tariff threats
Asian stocks fell on Tuesday following US President-elect Donald Trump's threat to increase trade tariffs on China…
Ruhrpumpen Egypt targets €1m in sales by year-end ’24
Egyptian-German Pump Company Ruhrpumpen Egypt expects to achieve sales of €11 million by the end of 2024, up from…
IMF downgrades Mexico’s economic growth
The International Monetary Fund (IMF) has revised its economic growth forecasts for Mexico, reducing its…
US import, export price indexes fall in Sept
US import prices fell by 0.4 per cent in September, marking the largest monthly decrease since December 2023, after…
US tops global gasoline exports in ’23
The United States is the world’s largest exporter of motor gasoline, supplying over 16 per cent of total global…
US trade deficit rises to $78.8b in July
The United States' international trade deficit in goods and services widened to $78.8 billion in July 2024, an…
China’s Ganfeng Lithium plans to build derivatives desk
Ganfeng Lithium Group Co. is considering setting up a derivatives-trading desk to manage risk in response to market…
Texas, Taiwan sign economic co-operation pact
Texas Governor Greg Abbott and Taiwan’s Minister of Economic Affairs, Kuo Jyh-huei, signed a statement of intent on…
US crude imports hit two-year high
US crude oil imports surged to a nearly two-year high last month, as refiners purchased heavy crudes from Canada…
Taiwan’s ASE Technology to expands chip packaging in US, Mexico
ASE Technology Holding is planning to expand its operations in the US and Mexico to meet growing demand and better…
Pemex granted one month tax payment deferral
Mexico granted Petroleos Mexicanos (Pemex) a deferral of its monthly tax payment, delaying a May payment to July…
Emerging markets see inflows for 7th month in May – IIF
Emerging markets extended their streak of attracting foreign portfolio inflows for a seventh consecutive month in…
Mexico’s GDP expands by 0.3%
Mexico's economy experienced marginal growth amidst global and domestic challenges in the first quarter of the…
Chinese EVs makers seek refuge in Mexico, Brazil
Chinese EV manufacturers like BYD are increasing shipments to Mexico and Brazil due to expected tariffs and trade…
Spain’s BBVA launches €12.23b hostile bid for Sabadell
Spanish bank BBVA launched a hostile takeover bid for Sabadell, offering 12.23 billion euros ($13.1 billion) in an…
Argentina’s GDP to contract by 3.3% in ’24, grow 2.7% in ’25: OECD
Argentina’s economy is expected to contract by 3.3 per cent this year driven by hyperinflation, and sizeable fiscal…
Mexico selective tariffs hit $48b of imports
Mexico's choice to impose tariffs on select goods from nations lacking trade agreements will affect roughly $48…
Biden proposes tripling tariffs on Chinese steel, aluminium
President Joe Biden has unveiled a bold plan to triple tariffs on steel from China, aiming to safeguard American…
US urges China to revise policies impacting new industries
US Treasury Secretary Janet Yellen warned China that the US will not tolerate new industries being harmed by…
US payrolls expected to rise by 200,000 for 4th consecutive month – poll
March saw continued robust employment gains in the US, with moderated wage growth suggesting a stable labor market…
Mexico expects 2-3% economic growth in ’25
Mexico expects economic growth of 2-3 per cent in 2025, with a fiscal deficit of 2.5 per cent GDP.
Dollar remains steady on Monday
The dollar remained stable on Monday as traders anticipated a week filled with central bank meetings worldwide.