War
Oil settles down US$1 at four-year low as US-China trade war escalates
[HOUSTON] Oil prices settled down more than US$1 a barrel on Tuesday at a four-year low as investors priced in an increasing likelihood of a recession due to the escalating trade...
Wall Street braces for souring corporate earnings amid trade war
[NEW YORK] US stocks reeling from the impact of President Donald Trump’s tariffs face another big test starting later this week: corporate earnings. And they’re not looking good. Investors...
Oil prices sink to 2021 lows as tariff war fans recession fears
[SINGAPORE] Crude oil prices have plunged to their lowest levels since 2021, when Covid curbs hurt business activity, amid an escalating tariff crisis that is fuelling trade war recession...
China’s farm sector buckles up for tariffs as trade war worsens
[SINGAPORE] Chinese tariffs on US agricultural goods will test the farm sectors of both nations.China’s swift retaliation in matching Washington’s blanket 34 per cent levies will fall heavily on...
Gold prices recover as trade war tensions lift safe-haven demand
[BENGALURU] Gold prices edged higher on Tuesday (Apr 8) from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the...
Europe: Shares close at over 14-month low as trade war volatility grips markets
EUROPEAN shares slumped in a volatile session on Monday, with the Stoxx 600 closing at its lowest since January 2024, as US President Donald Trump showed no signs of letting up...
European shares plummet to 16-month low on trade war gloom
[berlin] European shares plunged to a 16-month low on Monday (Apr 7) as investors grappled with the possibility of a recession after US President Donald Trump showed no signs...
Yuan devaluation market chatter grows as trade war worsens
The deepening trade war is raising speculation in financial markets that China may resort to aggressively devaluing the yuan against the US dollar in a break of their policy...
