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Home > Latest

Lates News

date
02/05/2025
Southern Copper Corporation: It is expected that tariffs will lead to a 1%-3% increase in the company's costs.
Latest
2 m ago
The spokesperson of the Ministry of Commerce responds to questions from journalists regarding the status of China-US economic and trade negotiations.
5 m ago
Musk sets sights on the Federal Reserve, Musk suggests audit of the Federal Reserve's $25 billion renovation costs.
7 m ago
Trump's "Liberation Day" tariffs and their subsequent impact have prompted economists at S&P Global Ratings to once again downgrade growth forecasts for most countries. The United States is expected to see a year-on-year growth rate in the fourth quarter drop to 0.9%, teetering on the brink of an economic downturn. S&P estimates that the United States will lose about 60 basis points of economic growth over the next two years, with about two-thirds of the loss occurring in 2025. S&P has lowered growth forecasts for the Eurozone in 2025 and 2026 by 0.2%, anticipating a 0.4% reduction in GDP due to additional tariffs on European exports and tariffs on specific products. S&P states that open economies in the Asia-Pacific region such as Malaysia, Vietnam, Thailand, and Singapore will experience the largest declines in growth, with a one-year decline of 0.5% to 1.0%. S&P declares, "We reiterate that there are no winners in the escalating protectionist policies."
10 m ago
Mark Zandi, chief economist of Moody's Analytics, said that financial markets may need to prepare for disappointment from the non-farm payroll data on Friday. Specifically, he is concerned about job growth falling below 100,000, which he expects will lead to a dominant negative economic sentiment. He said, "If the number hits 100,000 or lower, be cautious, because it means all other data will become more important and people will lower their expectations. It could be a difficult day for the market."
10 m ago
Bank of Korea: US tariffs have increased uncertainty about future inflation trends.
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