Turkey's central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the ...
Trump says US will charge 19% tariff on goods from Philippines, down from 20%
It matches the 19% announced for Indonesia and bests Vietnam’s slightly higher rate of 20%. Read more at straitstimes.com. Read more at straitstimes.com.
Trump Announces Trade Deal With Philippines, Small Reduction in Tariff Rate
The U.S. leader said that Washington would apply a 19 percent tariff on Philippine imports, while Manila has agreed to remove all of its tariffs on American goods.
Japanese chipmaker goes bankrupt amid pressure from Chinese rivals
A once-promising Japanese chipmaker has collapsed under mounting debt, a slowdown in electric vehicle (EV) sales, and a surge in supply from Chinese rivals. The company filed for bankruptcy protection last week, less than three years after its widely heralded launch in late 2022.
Businesses deliver gloomy results even as markets celebrate Japan trade deal
Businesses making everything from chips to steel reported downbeat results on Wednesday, with U.S. President Donald Trump's trade war inflicting damage even as Japan's deal lifted stocks and hopes that Europe can clinch a similar agreement.
Forced curtailments, low demand drag down Pakistan’s oil & gas output in FY25
Oil and gas production in Pakistan declined significantly by 12% and 7% year-on-year (YoY), respectively, in FY25, as output from key fields remained under pressure due to forced curtailments and ...
India, Britain seal trade deal to bring down tariffs, barriers; keep dairy out
The FTA excludes India’s most sensitive agricultural segments, with no tariff concessions on dairy products, apples, oats and edible oils.
India-UK FTA to cut spirit duties, but price drop may be limited: Experts
The India-UK free trade agreement will reduce duties on imported spirits, making premium international options more accessible to Indian consumers, according to industry players, but experts cautioned ...
Thai baht falls from highest since 2022 on conflict with Cambodia
Sentiment was boosted earlier after Finance Minister Pichai Chunhavajira said on Tuesday the nation is close to an agreement with the US to lower a threatened 36% tariff on its goods ahead of the Aug.
U.S.-South Korea Trade Talks Postponed Amid Tariff Deadline Pressure
High-level trade talks between South Korea and the United States were abruptly canceled due to scheduling conflicts involving U.S. Treasury Secretary Scott Bessent, South Koreas Ministry of Finance ...