SINGAPORE – Asian stock markets rebounded on Thursday, recovering from a sharp selloff in the previous session, as upbeat U.S. economic data restored investor confidence and drew buyers back into markets trading near record highs. Data released on Wednesday showed the U.S. services sector reached an eight-month high in October, while private payrolls rose by […]
U.S. economy
Dollar climbs to near three-month high
SINGAPORE – The U.S. dollar strengthened to a near three-month high on Monday as investors awaited key economic data releases this week to assess the health of the U.S. economy and the Federal Reserve’s next move on interest rates. The yen remained under pressure, hovering near an eight-and-a-half-month low, weighed down by a wide interest […]
Trump proposes 50% tariff on European Union starting june 1
U.S. President Donald Trump has recommended imposing a massive 50% tariff on all imports from the European Union starting June 1, 2025. He made this announcement through his social media platform, Truth Social, and stated that the EU’s trade policies have caused long-standing damage to the U.S. economy. Trump argued that dealing with the EU […]