IMF-World Bank meetings end with no clear resolution on U.S. tariff impacts
Despite receiving 18 written proposals and holding numerous negotiations, no concrete agreements are reached
Toyota Motor proposes $42 Billion buyout of supplier Toyota Industries
Chairman Akio Toyoda offers a 6 trillion yen deal to gain full control over the pivotal company within Toyota’s sprawling corporate group.
Swiss National Bank rejects bitcoin reserve proposal amid economic risks
SNB chairman cites liquidity and volatility concerns, while cryptocurrency advocates push for constitutional change to include bitcoin alongside gold.
Turkish inflation expectations remain at 59.3% for households, policy rate raised to 46%
Business and market views rise to 41.7%, signaling inflation concerns
India’s forex reserves surge to six-month high as Indian rupee strengthens
Seventh straight weekly rise brings reserves close to record as portfolio inflows pick up
Carney warns US trade tensions could destabilize Canada’s economy
Canadian leader urges global alliances as Trump steps up economic pressure
World Bank chief urges developing countries to strike swift trade deals
Ajay Banga says delays could hurt emerging economies; calls for energy strategy overhaul and fairer lending practices towards China
World Bank chief economist sounds alarm on emerging market debt issues, urges liberalisation
IMF, World Banks Spring Meetings have been dominated by worries about economic fallout from century-high US tariffs and retaliatory action by China, EU, Canada and others
Trump poised to offer Saudi Arabia over $100 billion arms package, sources say
US president to announce arms package in visit to Saudi Arabia in May; Lockheed Martin, RTX, Boeing, Northrop Grumman, General Atomics involved in arms deal
Pakistan’s airspace ban forces Indian carriers Air India, IndiGo to reroute flights amid rising fuel costs
Indian airlines face longer flight durations and higher fuel expenses after airspace closure due to escalating tensions
Samsung to enhance production at Tamil Nadu facility with $117 million investment
Samsung will add 100 more jobs to the plant, reinforcing the company’s confidence in the labor force of Tamil Nadu state
China grants tariff exemptions on select U.S. imports
The exemptions lead to a slight increase in the value of the U.S. dollar and boost equity markets in Hong Kong and Japan
Mexico accelerates expansion of Port of Manzanillo despite trade uncertainties
The Mexican government plans to increase the port's capacity to handle 10 million 20-foot containers, up from nearly 4 million in 2024
Trump claims Chinese President Xi Jinping called him amid trade tensions
Trump indicates that he plans to announce deals with U.S. trading partners in the coming weeks
Intel sees strong demand for older processors amid trade tensions
Due to the trade war threatening Intel's revenue from its largest market, China, customers are turning to cheaper, older-generation chips