President Donald Trump and his administration are reportedly planning a pressure campaign to convince U.S. trading partners to isolate China in exchange for reduced tariffs. The administration is negotiating with more than 70 countries to secure commitments to limit their dealings with Beijing in exchange for reduced tariffs and barriers to trade, the Wall Street Journal reported, […]
GCC banks will continue to benefit from strong capital levels, supporting their overall performance in 2025, according to the EY GCC Banking Sector Outlook 2024 report. The expansion of gas production in Qatar, implementation of economic transformation projects in of Saudi Arabia and non-oil economic growth in Bahrain and the UAE will underpin the resilience of […]
Fitch Ratings-Shanghai-17 April 2025: The Shanghai Stock Exchange is likely to further tighten bond issuance related to funding new projects by local-government financing vehicles (LGFVs) with weak interest coverage and significant fiscal exposure as part of broader efforts to control public sector debt growth, says Fitch Ratings. Nevertheless, we expect the policy environment to continue […]
Indonesia has pledged to increase its imports from the United States by up to US$19 billion, including US$10 billion in energy purchases and make other trade concessions, as part of a broader strategy to stave off looming tariffs from Washington. Chief Economic Minister Airlangga Hartarto outlined the plan to reporters on Friday morning, following high-level bilateral trade talks […]
Sweden’s EQT has received commitments exceeding $10 billion for its new Asia-focused buyout fund and will reach its first close in April, the investment firm said on Wednesday. EQT launched the fundraising of its ninth regional private equity fund – BPEA Private Equity Fund IX, managed by EQT Private Capital Asia – last August, with […]
Bank of America topped estimates on Tuesday for first-quarter profit as interest income grew and volatile markets helped its stock traders rake in a record haul, lifting its shares more than 4%. As markets whipsawed around U.S. President Donald Trump’s tariff policies, the second-largest U.S. lender brought in 9% higher trading revenue, mirroring trends seen […]
British inflation slowed to its weakest in three months in March and other measures watched by the Bank of England cooled too, but higher bills and employer costs will pressure prices soon against the backdrop of U.S. President Donald Trump’s trade war. Inflation slowed to an annual rate of 2.6% in March from 2.8% in […]
UBS has downgraded its China GDP growth forecast to 3.4% for 2025, on the assumption that tariff hikes between it and the United States will remain in place and that Beijing will roll out additional stimulus, it said in a report on Tuesday. The Swiss investment bank’s previous forecast for China’s growth this year was […]
The UK pledged £20 billion (US$26 billion) on Sunday to help exporters including those affected by US tariffs, as US President Donald Trump’s sweeping stop-start import taxes roil global markets. Britain’s finance ministry said the move would expand the UK’s export finance package by £20 billion to a total of £80 billion, with “thousands of UK […]
Though President Donald Trump has said his aggressive tariff strategy, unveiled this week, will make the markets “boom,” it has so far resulted in a rout, with U.S. equity markets suffering their worst week since March 2020 and more pain likely on the way. And that’s sending ultra-wealthy investors to seek refuge from the financial storm abroad. The […]