Bitcoin extends decline to $104,782 as Trump escalates US-China trade war
Ethereum , the world's second-largest cryptocurrency, falls 5.8% to $3637
US to impose 100% tariffs on Chinese imports from Nov 1 as Trump escalates trade war
Software export controls also to take effect; Rift between two largest economies leaves markets reeling
Gold pares gains after brief run above $4,000 per ounce on Trump’s China tariff warning
Yellow metal gains 0.4% to $3,989.49 per ounce, marking a 2.7% weekly rise; US December futures close 0.7% higher at $4,000.40
Apple sued over use of copyrighted books to train Apple Intelligence
Copyright owners, including authors and media companies, file multiple lawsuits against tech giants over the use of their work in AI training
China expands rare earth export controls after Pakistan–US mineral pact; Trump threatens tariffs
Beijing tightens global supply chains with sweeping export curbs on rare earths and related technologies ahead of the Trump–Xi meeting at APEC.
China hits back at US ships with additional port fees
Fees are a counter-measure against upcoming US port charges , China’s transport ministry saysÂ
Gold heads for eighth weekly gain on strong safe-haven demand
Yellow metal sets for 2.2% weekly gain as silver retreats from Thursday’s record $51.22 high
Maersk shares hit three-month low on prospect of Gaza deal reopening Red Sea route
Analysts warn even if ceasefire holds, shipping firms likely to wait months for assurances attacks will not resume
Oil little changed amid fading risk premium after Gaza deal
Brent crude futures rise 9 cents, or 0.1% to $65.31, US WTI crude up by 12 cents, or 0.2%, to $61.63
IMF, Sri Lanka reach staff-level agreement for $347 million in financing
Country will have access to the financing once the review is approved by the IMF Executive Board
IMF chief says global economy doing ‘better than feared,’ downside risks dominate
IMF forecasts slight slowdown in global growth in 2025, 2026; Georgieva notes high uncertainty, rising demand for gold
Oil prices drop as Israel-Hamas agree on first phase of ceasefire plan
Brent crude futures falls 51 cents, or 0.77% to $65.74; US WTI down by 55 cents, or 0.88% to $62
Dollar set for best week in a year as yen struggles
Yen continues to struggle on weaker side of 152 per dollar
China tightens rare earth export controls, targets defence, semiconductor users
Exports of technology used to mine and process rare earths or make the associated magnets is barred without permission, China’s Ministry of Commerce saysÂ
Asia stocks swept up in AI euphoria, oil slips on Gaza ceasefire deal
Nikkei resumes rise, China stocks up on return from break