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The US dollar rose on Wednesday, although gains were limited by concerns about the independence of t...
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2025-08-27
The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 c...
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2025-08-27
The European Union is moving to expedite legislation by the end of the week that would eliminate all...
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2025-08-27
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The euro fell on Wednesday against a basket of global currencies, trading near a two-week low agains...
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2025-08-27
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Most cryptocurrency prices rose during Wednesday's trading, as market expectations grew for a Federa...
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2025-08-27
US President Donald Trump's 50% tariffs on India took effect on Wednesday as the deadline expired wi...
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2025-08-27
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The US dollar rose on Wednesday, although gains were limited by concerns about the independence of the Federal Reserve following US President Donald Trump's attempt to remove Congresswoman Lisa Cook. The dollar index, which tracks the greenback against a basket of six other currencies, rose 0.4% to 98.4870, recovering from losses at the beginning of the week
2025-08-27
The U.S. Department of Commerce has decided to impose anti-dumping and countervailing duties on 10 countries following the conclusion of investigations into corrosion-resistant steel imports. The department confirmed that these decisions target approximately $2.9 billion worth of imports from Australia, Brazil, Canada, Mexico, the Netherlands, South Africa, Taiwan, Turkey, the United Arab Emirates, and Vietnam. The U.S. Department of Commerce stated that the imposition of these duties came after evidence of dumping and unfair subsidy practices in some corrosion-resistant steel-producing countries, which harmed domestic industry in the United States. The department explained that this step reflects the U.S. administration's commitment to protecting domestic industries from unfair competition, particularly in the steel sector, which is a strategic sector of the U.S. economy. These decisions come at a time of increasing trade disputes between the United States and several trading partners around the world, particularly regarding steel and aluminum products. Observers point out that the new anti-dumping duties will affect export flows from the countries affected by the decision, and may prompt some of these countries to respond with similar measures or resort to the World Trade Organization to challenge the US measures
2025-08-27
The European Union is moving to expedite legislation by the end of the week that would eliminate all tariffs on U.S. industrial goods, Bloomberg reported Wednesday. The report, citing sources familiar with the discussions, said the European Commission, which manages EU trade policy, plans to extend preferential tariff rates for some U.S. seafood and agricultural products. EU officials have acknowledged that the trade arrangement with Trump favors the United States, but they emphasize that the agreement is necessary to provide stability and certainty for companies in both markets
2025-08-27
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The euro fell on Wednesday against a basket of global currencies, trading near a two-week low against the US dollar. This was due to renewed buying of the US currency as the best available investment, amid easing concerns about the stability of the Federal Reserve. The euro fell 0.25% against the dollar to $1.1612, from the opening price of $1.1642, and reached a high of $1.1647
2025-08-27
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Most cryptocurrency prices rose during Wednesday's trading, as market expectations grew for a Federal Reserve interest rate cut at its September 16-17 meeting. Bitcoin rose 0.2% to $111,217.76, accounting for approximately 57.3% of the total cryptocurrency market value. While Ethereum, the second-largest cryptocurrency by market capitalization, rose 0.65% to $4,602.24, Ripple fell 0.75% to around $3,013. The global cryptocurrency market capitalization stands at $3.87 trillion, with total trading volume over the past 24 hours reaching $178.72 billion, according to CoinMarketCap data. According to data from El Salvador's Bitcoin Office, the country has acquired an additional 31 cryptocurrencies over the past 30 days, bringing its total holdings to 6,281.18 Bitcoin, worth $699 million
2025-08-27
Goldman Sachs expects Brent crude futures to fall below $50 a barrel by late 2026 due to increased oversupply. The bank explained in a note to clients that it expects the oil oversupply to expand to an average of 1.8 million barrels per day in the fourth quarter of this year and through the same period next year, pushing global inventories up by about 800 million barrels by the end of 2026. The American bank also believes that oil inventories in OECD countries will constitute one-third of the total global inventory, equivalent to 270 million barrels in 2026. It explained that this inventory, coupled with declining demand in OECD countries, will cause the fair value of Brent crude to decline from its current level of above $70
2025-08-27
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2025-08-27
