U.S. Teams Up with Key Asian Partner to Revive Domestic Shipbuilding
South Korea to Support US Shipbuilding Efforts The United States is turning to South Korea for help in revitalizing its shipbuilding industry, which is currently lagging behind China. South Korea has shown eagerness to assist, committing $150 billion to bolster American shipyards, which is notably more than what was discussed during President Lee Je Mison’s […]
European and Asian postal services to stop sending shipments to the US as Trump’s de minimis exemption ends
Postal services worldwide, particularly in Europe, are gearing up to suspend shipments to the US as a result of the upcoming end to the DE Minimus tariff exemption under the Trump administration. This “de minimus” rule previously allowed carriers to ship items valued under $800 to the US without incurring duties. Recently, the White House […]
European and Asian postal services stop US deliveries after Trump ends tariff exemption
Gerald Storch, CEO of Storch Advisors, mentioned that Walmart is effectively outperforming, highlighting Target’s struggles with messy stores and leadership issues on “Varney & Co.” Postal services in Europe and beyond are set to stop shipping goods to the US due to the termination of the Trump administration’s de minimis tariff exemption. This exemption made […]
Dollar weakens, Asian stocks show varied performance as markets prepare for Jackson Hole
TOKYO – Currency and Market Update The US dollar slipped below its recent high on Thursday, while European stock markets remained largely unchanged. Central bankers globally are gearing up for an event that kicks off later today. A significant aspect of this will be Fed Chairman Jerome Powell’s address on Friday. Traders are keenly assessing […]
Asian stocks fall as tech declines in the U.S. influence markets, while Pop Mart rises 11.5% in Hong Kong.
Asian Stocks Decline Following Wall Street Trends On Wednesday, markets across Asia took a hit, mirroring the downward trend seen on Wall Street. This was particularly influenced by a dip in technology stocks, including major players like Nvidia, closely linked to the artificial intelligence sector. The Japanese benchmark index took a 1.5% fall, ending at […]
Asian shares show varied results following new record highs for US stocks.
Market Reactions to EU-US Trade Developments Bangkok – Stock markets in Europe and Asia surged on Monday, buoyed by positive trade negotiations between the European Union and the Trump administration, especially with a deadline approaching. U.S. futures and oil prices climbed ahead of a trade consultation in Stockholm between U.S. and Chinese officials. Germany’s DAX […]
Trump gains traction as the August 1 ‘reciprocal tariff’ deadline approaches following Asian trade agreements, say experts
Trade Negotiations Between Trump and Asian Countries In Washington, analysts believe President Trump has effectively leveraged America’s negotiating strengths this week with three Asian nations, potentially shifting the balance as deadlines for various tariffs approach. Trump managed to arrange a deal with Japan involving a 15% tariff on exports to the U.S., alongside a substantial […]
Asian stocks decline from peaks, dollar rises as markets prepare for a significant week
Market Trends and Economic Outlook LONDON/TOKYO – Investors pulled back from high-valued global equities on Friday, with the dollar poised for its largest weekly decline as the market approaches a crucial week filled with events, including Donald Trump’s tariff deadline and significant central bank meetings. The MSCI global equity index dipped 0.2% in early European […]
Asian American community in NYC stands with Mayor Eric Adams against Zohran Mamdani: ‘I do not back socialists’
The Asian American community in New York City rallied behind Mayor Eric Adams on Friday, criticizing his Socialist opponent, Zoran Mamdani, for being too extreme. At Confucius Plaza in Chinatown, over 100 members of the Asian American community, including local citizens and business leaders, gathered to back the incumbent mayor as he prepares for his […]
NY cancels race-focused STEM program following Asian discrimination claims
New York has decided to eliminate its racially-based admissions policy for advanced STEM classes in middle and high schools after a lawsuit from Asian parents. This change came to light recently, revealing significant implications. The Science and Technology Entry Program (STEP) aims to assist around 11,000 students from 11th to 12th grade across 56 colleges […]