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The Bank of England (BOE) has maintained its benchmark interest rate at 4.5%, a decision widely expected by market observers. However, the central bank issued a cautious warning about intensifying global trade uncertainties, driven largely by ongoing tariff disputes, notably between ...

Tencent posted a strong fourth-quarter performance, with profits surging 90%, driven by growth in gaming and advertising revenue. Domestic games revenue in China jumped 23% year-on-year to 33.2 billion yuan, fueled by a low base from the previous year and ...

The global rubber market is heading for another year of tight supply in 2025, with natural rubber production expected to rise only 0.3%, while demand is forecast to grow 1.8%, according to the Association of Natural Rubber Producing Countries (ANRPC). ...

Gold prices surged past $3,000 an ounce for the first time on Friday, hitting a record $3,005 before settling just below the milestone. The spike reflects rising demand for safe-haven assets as global uncertainty intensifies, driven by escalating trade tensions ...

BMW reported a significant 37% drop in annual net profit due to sluggish demand in China and growing tariff-related challenges. Net profit fell sharply year-over-year, sending the figure down from its previous levels, as annual earnings margins for cars shrank to ...

The Bank of Canada cut its key policy rate by 25 basis points to 2.75%, citing mounting inflationary pressures and weaker growth tied to trade uncertainty and new tariffs from the United States. Governor Tiff Macklem stressed that the bank would ...

Porsche’s shares fell 4.9% in Frankfurt on Wednesday after the company issued its second profit warning in two months, pointing out falling sales and mounting costs. The company reported group sales revenue of €40.1 billion for 2024, down 1% from the ...

Recession concerns deepened as escalating trade tensions between the US, China, and Canada triggered a notable selloff on Wall Street. The Nasdaq plunged 4% on Monday, its largest single-day loss since 2022, erasing $1.1 trillion in market value. The S&P 500 ...

The Trump administration’s plan to create a Bitcoin Strategic Reserve has sparked controversy, drawing both praise and criticism. Under the executive order, the US government would consolidate Bitcoin seized through criminal and civil forfeitures and hold it as a reserve asset—similar ...

Turkey’s central bank lowered its benchmark interest rate by 2.5 percentage points to 42.5% on Thursday, marking its third consecutive cut. The move follows a decline in annual inflation, which fell to 39.1% in February from 42.1% the previous month, its ...

Alibaba’s latest move in the artificial intelligence race has sent its shares surging, with Hong Kong-listed stock closing 8% higher following the announcement of its new AI reasoning model, QwQ-32B. The news also lifted the Hang Seng China Enterprises Index, which ...

President Donald Trump’s decision to impose 25% tariffs on imports from Canada and Mexico, alongside doubling duties on Chinese imports from 10% to 20%, has triggered immediate retaliation. China responded with a 15% tariff on key US agricultural products like wheat, ...

European defense stocks soared Monday as investors braced for a surge in military spending across the continent. The STOXX Europe Total Market Aerospace & Defense index jumped 7.9% by early afternoon, its biggest one-day gain in five years, pushing its ...

Global markets took a hit after President Donald Trump stressed plans to impose a 25% tariff on imports from the European Union, reigniting fears of a trade war. European stocks opened lower on Thursday, with the STOXX 600 slipping 0.7%, Germany’s ...

Bitcoin’s brutal selloff continued Friday, briefly dipping below $80,000 as market jitters and trade tensions fueled further risk aversion. The digital asset recovered slightly to $81,539.64, down 1.9% on the day, after hitting an overnight low of $78,226.23. With a 14% ...