
Oil Prices Rebound After Surprise U.S. Inventory Draw, But Economic Concerns Loom
Feb 26, 2025 06:21 am UTC| Economy
Oil prices rose in Asian trade on Wednesday, recovering some losses after U.S. industry data showed an unexpected decline in crude inventories. However, prices remained under pressure following weak economic signals from...

Dollar Slides as Weak U.S. Data and Trade Tensions Boost Safe-Haven Currencies
Feb 26, 2025 06:20 am UTC| Economy
The U.S. dollar hovered near an 11-week low on Wednesday, weighed down by falling short-term Treasury yields following weak economic data. Meanwhile, the yen strengthened as investors sought safety amid escalating trade...

Brazil’s Pará Governor Moves to Scrap Grain Tax After Farmer Backlash
Feb 26, 2025 06:19 am UTC| Politics Economy
Pará Governor Helder Barbalho announced plans to revoke a controversial grain tax set to take effect next month, responding to strong opposition from farmers. The tax would have imposed a 4.32 real ($0.75) charge...

Australia’s Inflation Eases in January, Boosting Hopes for RBA Rate Cuts
Feb 26, 2025 06:19 am UTC| Economy
Australias consumer prices dipped in January, offering relief to policymakers aiming to curb inflation. Data from the Australian Bureau of Statistics showed the monthly Consumer Price Index (CPI) fell 0.2% from December,...

Trump Eyes Copper Tariffs to Boost U.S. Production and Cut Foreign Dependence
Feb 26, 2025 06:19 am UTC| Economy Politics
U.S. President Donald Trump announced plans to impose import tariffs on copper, citing unfair trade practices and national security concerns. He signed an executive order directing the Secretary of Commerce and the U.S....

Wall Street Rebounds as Nvidia Earnings Loom, Trump Eyes Copper Tariffs
Feb 26, 2025 06:19 am UTC| Economy
U.S. stock futures edged higher Tuesday evening after Wall Street suffered steep losses amid fears of a slowing economy and escalating trade tensions. Investor focus is now on Nvidia (NASDAQ: NVDA), set to release earnings...

Ukraine’s Economic Recovery Cost Hits $524 Billion Amid War Damage
Feb 25, 2025 10:40 am UTC| Politics Economy
The cost of rebuilding Ukraines economy after Russias invasion has surged to $524 billion, nearly three times the countrys expected 2024 economic output, according to a joint assessment by the World Bank, United Nations,...