Fitch revises global shipping outlook to ‘Deteriorating’
Fitch Ratings downgraded its 2025 outlook for the global shipping sector to ‘deteriorating’ from ‘neutral’, citing…
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US tariffs
H. Kong private sector contracts at slower pace in May ’25 – PMI
The downturn in Hong Kong’s private sector softened in May, with the seasonally adjusted S&P Global Hong Kong…
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…
Germany’s auto sector confidence dips on tariff concerns
Germany’s automotive industry saw business sentiment decline further in May, with the ifo Business Climate Index…
Gold hits one-week high
Gold prices surged to a one-week high on Monday due to safe-haven demand amid renewed US tariff threats and…
S.Korea factory activity contracts again in May – PMI
South Korea’s manufacturing sector shrank for a fourth straight month in May as output and new orders fell more…
India sees minor impact from US tariff hike – minister
India's federal steel minister stated on Monday that the country expects only a minor impact from US President…
Asia-Pacific stocks fall as Trump announces steel tariff hike
Asia-Pacific markets fell on Monday as President Trump announced plans to increase steel import tariffs to 50 per…
UK private sector outlook hits lowest since 2022 – CBI
UK businesses expect output to decline over the next three months, marking their most pessimistic outlook since…
Australia slams Trump’s steel tariff hike as economic self-harm
Australia's Minister for Trade and Tourism Don Farrell criticised US President Donald Trump's decision to double…
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