China says 'no winners' in trade war
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Wall Street shares rose on the back of solid earnings from Morgan Stanley and Bank of America that concluded a two-day run of strong bank results and raised hopes for company third-quarter reporting over the coming weeks. The S&P 500 banking index (.SPXBK) was set to log its first three-day winning streak in more than three weeks.
A major catalyst has been a rush among buyers to lock in purchases before the start of tariffs announced by the Trump administration. But even after the front-loading wave in the U.S. ebbed, global trade volumes remained above prior-year levels during the first half, the report said.
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Forbes Global CEO Conference 2025: Trade Alliances Get Reset As U.S. Tariffs Drive Uncertainties
The world is moving towards a paradigm shift, where not just the geopolitical order but ultimately the set of values that underpin civilization will reset, Ho Kwon Ping, executive chairman of Singapore-based Banyan Tree said.
Stock Editorial via Getty Images The International Monetary Fund (IMF) has raised its 2025 global growth forecast to 3.2%, up from 3.0% in
Global trade is being reshaped as countries bypass US tariffs, forge new alliances, & redirect supply chains across Asia, Europe, & Africa.
The World Trade Organization, in a report released this past week, forecasts that global trade will slow next year as fewer goods and services move between countries. It had originally predicted
Globalisation is proving far tougher than politics. Despite the steepest rise in U.S. tariffs since the 1930s, global trade is expanding, and business investment abroad remains steady. Global
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Aramco Trading moves to build global copper portfolio
The trading arm of Saudi Aramco is reportedly looking to expand its presence in the metals industry, with a focus on copper. Aramco Trading is in the process of hiring traders to develop a copper trading book,
Global trade is expected to slow next year because of tariffs that have upended supply chains and added new hurdles for companies to navigate.