IMF-World Bank meetings end with little tariff clarity, but economic foreboding

Many participants in the Spring Meetings had a sense that Trump's admin was still conflicted in its demands from trading partners
27 April 2025, 10:50 AM

Toyota considers investing in potential $42 billion buyout of key supplier

Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries in a possible 6 trillion yen ($42 billion) deal.
27 April 2025, 07:38 AM

Trump trade war pushes firms to consider stockpiling

Stockpiling is not a solution, however, said analysts.
27 April 2025, 04:56 AM

China must ‘overcome’ AI chip challenges

President Xi Jinping said China must “overcome” the challenges of developing core AI technologies including high-end chips, state media reported yesterday, as Beijing seeks to become a world leader in the rapidly developing industry.
26 April 2025, 18:01 PM

IMF reaches agreement with Sri Lanka on $344m

The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country’s economic reforms.
26 April 2025, 18:00 PM

EU, US should negotiate trade deal

The United States and European Union need to “de-escalate” and “negotiate a deal” to help boost lackluster growth on the continent, the International Monetary Fund’s Europe director said Friday.
26 April 2025, 18:00 PM

Developing countries should fast-track US trade deals: WB president

Developing countries should strike swift trade deals with the United States at the “earliest possible” opportunity, the president of the World Bank told AFP Friday, after a busy week with global financial leaders in Washington.
26 April 2025, 18:00 PM

IMF policy committee underscores trade risks to global economy, commits to Fund's role

In a chair's statement, the IMF's steering committee also reaffirmed prior foreign exchange commitments and voiced support for a realignment of quotas, or shareholding, that better reflects countries' positions in the global economy.
26 April 2025, 08:20 AM

Fed survey finds global trade fight, policy uncertainty top financial stability risks

Respondents cited "changes in government spending priorities and the extent of US international engagement" as driving uncertainty.
26 April 2025, 06:40 AM

Developing countries should fast-track US trade deals: WB president

The Bank has been advising developing countries to focus attention on cutting trade barriers and boosting regional flows of goods
26 April 2025, 05:58 AM

Conflicting US-China talks statements add to global trade confusion

"China and the US are NOT having any consultation or negotiation on #tariffs," China shot back in a foreign ministry statement posted by the Chinese Embassy in the US.
26 April 2025, 05:37 AM

Ctg port will earn more if foreign operator is appointed: CPA chairman

Local operator Saif Powertec Ltd is currently operating the port's New Mooring Container Terminal
24 April 2025, 14:09 PM

Chinese business in Vietnam struggles with Trump tariffs uncertainty

But in Vietnam's northern industrial Bac Ninh province, Chinese businesses that AFP interviewed -- most of whom are linked to the export supply chain -- said investors were hesitating and anxiety was widespread.
24 April 2025, 08:12 AM

Tesla's EU sales plunge as Musk takes flak

Sales of the sleek machines fell 45 percent to just over 36,000 units in the first quarter of 2025 in EU
24 April 2025, 06:46 AM

Vietnam and US start trade talks: Hanoi

The United States was Vietnam's biggest export market in the first three months of the year.
24 April 2025, 05:04 AM

Global roundtable sees rising debt risks for low-income countries as uncertainty mounts

The IMF on Wednesday announced that economic pressures from steep new US tariffs will push global public debt above pandemic-era levels
24 April 2025, 04:00 AM

Trump seeks 'fair deal' with China but pathway unclear

Trump told reporters his country would have a "fair deal with China," adding that "everything's active" when asked if Washington was talking to Beijing.
24 April 2025, 02:36 AM

EuroCham urges fair treatment

The European Union Chamber of Commerce in Bangladesh (EuroCham) urged the interim government to avoid discrimination against companies based in the bloc as Bangladesh weighs up substantial trade concessions for the United States.
23 April 2025, 18:00 PM

Apple fined $570m and Meta $228m for breach of EU law

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
23 April 2025, 18:00 PM

Americans sour on Trump's handling of the economy, Reuters/Ipsos poll finds

Just 37% of respondents to the six-day poll approve of Trump's handling of the economy
23 April 2025, 14:29 PM