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Trading Day: AI cheer, new highs near

Trading Day: AI cheer, new highs near

By Jamie McGeever ORLANDO, Florida, Aug 12 (Reuters) - Upbeat tech earnings pushed the Nasdaq, S&P 500 and MSCI All Country indices to within a whisker of their all-time highs on Wednesday, while stocks and bonds also welcomed U.S. inflation figures that appeared to reduce the chances of the Federal
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President Trump's Tariff Strategy Heightens Global Tensions and Economic Risks

President Trump's Tariff Strategy Heightens Global Tensions and Economic Risks

President Trump has intensified his 'America First' foreign policy by imposing aggressive tariffs and making strategic demands on international allies and adversaries. This approach has led to heightened tensions with BRICS nations, particularly China, as Trump views them as 'anti-American' and has threatened 10% tariffs on aligned nations. His strategy includes escalating tariffs on China, restricting technology transfers, and disrupting oil supplies from partners like Iran and Venezuela to weaken Beijing's global influence. Trump's policies have also strained relations with Europe and NATO, as his demands for increased defense spending and unilateral actions have eroded trust and risked coalition breakdowns.
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Exclusive-Sri Lanka cenbank sees no need for further rate hikes but will remain vigilant, governor says

Exclusive-Sri Lanka cenbank sees no need for further rate hikes but will remain vigilant, governor says

By Uditha Jayasinghe COLOMBO, Aug 11 (Reuters) - Sri Lanka's central bank sees no need for more interest rate hikes this year after its unexpected raise in May, with inflation expected to peak around current levels before easing next year, but said it will be vigilant for any surprises, Governor P.
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EM investment flows turn positive as equity exodus slowed, IIF says

EM investment flows turn positive as equity exodus slowed, IIF says

By Rodrigo Campos NEW YORK, Aug 11 (Reuters) - Foreign investors plowed nearly $19 billion into emerging-market portfolios in July, snapping two months of outflows as an equity exodus slowed sharply, data from a banking trade group showed on Tuesday.
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Gold Prices Surge Amid Weak U.S. Jobs Data and Economic Shifts

Gold Prices Surge Amid Weak U.S. Jobs Data and Economic Shifts

Gold Prices Surge Amid Weak U.S. Jobs Data and Economic Shifts
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NVIDIA Partners with Financial Institutions to Mobilize $500 Billion for AI Infrastructure

NVIDIA Partners with Financial Institutions to Mobilize $500 Billion for AI Infrastructure

NVIDIA Partners with Financial Institutions to Mobilize $500 Billion for AI Infrastructure
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Central Banks Increase Gold Reserves Amid Economic Uncertainty

Central Banks Increase Gold Reserves Amid Economic Uncertainty

Central Banks Increase Gold Reserves Amid Economic Uncertainty
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China Emerges as World's Largest Manufacturing Power by 2025

China Emerges as World's Largest Manufacturing Power by 2025

China Emerges as World's Largest Manufacturing Power by 2025
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Bank of America Reports Increased Investor Bullishness Amid Economic Uncertainty

Bank of America Reports Increased Investor Bullishness Amid Economic Uncertainty

Bank of America Reports Increased Investor Bullishness Amid Economic Uncertainty
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China Joins Brazil in WTO Dispute Over U.S. Tariffs Imposed by President Trump

China Joins Brazil in WTO Dispute Over U.S. Tariffs Imposed by President Trump

China has requested to join Brazil's World Trade Organization (WTO) consultations against U.S. tariffs of up to 37.5%, which were imposed under President Trump's administration. Beijing filed the request in Geneva, citing a substantial commercial interest in the case. The tariffs, part of the U.S. Trade Act of 1974, have been challenged by China since 2018, arguing that they allow the U.S. to impose penalties without multilateral authorization. The move by China indicates its concern over the impact of these tariffs on its exports to the U.S.
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Argentina's Strategic Shift: Exploring New Trade Routes with China

Argentina's Strategic Shift: Exploring New Trade Routes with China

Argentina's Strategic Shift: Exploring New Trade Routes with China
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Chinese Shipping Firm Launches First Regular Arctic Service, Raising Environmental Concerns

Chinese Shipping Firm Launches First Regular Arctic Service, Raising Environmental Concerns

Chinese shipping company Sea Legend has launched the first regular container service through the Arctic, connecting China with the U.K. via Russia's northern coast. This new route, which could cut travel time by half, reflects the increasing use of the Arctic for shipping as sea ice diminishes. The Northern Sea Route saw a record 23 transits last summer, up from 15 in 2024. While the route offers time and cost savings, it also poses significant environmental risks, such as potential oil spills and disruption to marine life. The Arctic remains a hazardous area for navigation, with over 500 maritime incidents recorded in the past decade.