The central parity rate of the Chinese currency Renminbi, or the Yuan, strengthened 45 pips to 7.1696 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before […]
Former Philippines president Rodrigo Duterte was arrested Tuesday in Manila by police acting on an International Criminal Court warrant tied to his deadly war on drugs. The 79-year-old faces a charge of “the crime against humanity of murder”, according to the ICC, for a crackdown that rights groups estimate killed tens of thousands of mostly […]
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Ukraine will present the United States on Tuesday with a plan for a partial ceasefire with Russia, hoping to restore support from its key benefactor, which under President Donald Trump has demanded concessions to end the three-year war. The talks in Saudi Arabia come as Russia has ramped up attacks against Ukraine and Kyiv has […]
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President Donald Trump called Canada a “tariff abuser” Monday and claimed the United States did not need Canadian energy after the province of Ontario imposed an electricity surcharge on three US states. The leader of Ontario, Canada’s most populous province, said earlier Monday that it was adding a 25 percent surcharge on electricity exports to […]
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Syria’s new leader has vowed accountability and an investigation after reports of mass killings of Alawite civilians triggered an international backlash against the worst violence since Bashar al-Assad’s overthrow. In its latest toll Monday, the Syrian Observatory for Human Rights war monitor said 973 civilians had perished since March 6 in “killings, field executions and […]
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President Donald Trump said Sunday the United States was in talks with four groups interested in acquiring TikTok, with the Chinese-owned app facing an uncertain future in the country. A US law has ordered TikTok to divest from its Chinese owner ByteDance or be banned in the United States. Asked Sunday if there was going […]
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US President Donald Trump, who has multiple ties to the crypto industry, will host the sector’s top players at a White House summit on Friday, as the field enjoys renewed momentum following his election. The US crypto community rallied behind Trump’s campaign, contributing millions of dollars towards his victory over Joe Biden, whose administration tightened […]
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South Korea’s Air Force said Thursday that one of its fighter jets had accidentally dropped eight bombs in the wrong place during a training exercise, resulting in civilian injuries. “Eight MK-82 general-purpose bombs were abnormally released from an Air Force KF-16 aircraft, landing outside the designated firing range,” the Air Force said. The incident occurred […]
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China’s economy is facing growing “uncertainty” in the international environment, as well as insufficient domestic demand, a top economic official said on Thursday. Beijing set an ambitious annual growth target of around five percent on Wednesday, vowing to make domestic demand its main economic driver as an escalating trade war with the United States hit […]
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China said Tuesday it would slap fresh tariffs on a range of agricultural imports from the United States as of next week, in retaliation against a hike in levies by Washington. “Additional 15 percent tariffs will be imposed on chicken, wheat, corn and cotton,” Beijing’s finance ministry said in a statement. And “additional 10 percent […]
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