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Starmer’s US Trade Deal Leaves Pharma Sector Behind, Covering Only a Quarter of UK Exports
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The British public is reflecting on the effects of Keir Starmer referred to the trade agreement with the U.S. today, noting that statistics indicate it encompasses roughly one-fourth of Britain’s total exports. The agreement dramatically unveiled by the Prime Minister and the U.S. President last evening aims to reduce tariffs From 25 percent down…
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Tokyo Stocks Surge Following U.S.-U.K. Trade Deal
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Tokyo stock prices surged significantly on Friday following a trade deal between the United States and Britain, which sparked optimism about advancements in negotiations between Washington and other trading nations. The Nikkei Stock Average with 225 issues concluded trading 574.70 points, equivalent to an increase of 1.56%, reaching 37,503.33, surpassing the 37,000 mark for…
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Finance Minister Supports FABAG’s Call for Broad Price Cuts
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The Food and Beverage Association of Ghana (FABAG) has reported that the costs of major products in their industry are starting to drop, with expectations for additional decreases over the next few weeks. At a stakeholders meeting alongside the Finance Minister, John Awuni, who serves as the Executive Secretary of FABAG, verified that the…
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Finance Division Allocates ₹921B IBC for Upcoming Development Program: International Edition
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The Finance Division has set an indicative budget ceiling (IBC) of Rs921 billion for the upcoming fiscal year’s federal development program, stated Federal Minister for Planning Ahsan Iqbal. He also disclosed that the federal budget for FY2025-26 will be unveiled on June 2, 2025. “We have requested an Investment Budget Commitment (IBC) of Rs2.9…
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Govt Unlikely to Meet Petroleum Levy Collection Target of $128.1B in International Edition
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It is unlikely that the federal government will achieve the Petroleum Levy collection target of Rs1281 billion set for the ongoing fiscal year, despite a steep increase of 30 percent in Petroleum Levy on petrol and high speed diesel during the past less than two months. During the initial nine-month period (from July to…
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Nippon Steel Foresees 43% Drop in FY 2025 Profits Due to Tariff Troubles
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On Friday, Nippon Steel Corporation announced that they anticipate their net profit for the fiscal year 2025 will decrease by 42.9% to reach ¥200 billion ($1.38 billion). This outlook stems from increasing uncertainties surrounding the tariffs introduced by the United States. The Japanese steel company, struggling with its plans to purchase U.S. Steel Corp.,…
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Dollar Climbs Against Dong in International Markets
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On Friday morning, the U.S. dollar saw a slight increase against the Vietnamese dong and key currencies. At Vietcombank, the U.S. dollar was sold for VND26,160, marking an increase of 0.04% compared to Thursday’s rate. On the unofficial market, the dollar dropped by 0.13%, trading at VND26,475. The State Bank of Vietnam increased its…
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Dollar’s Rise Boosts Optimism, Pushes Won Below 1,400
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On May 9, the South Korean won depreciated beyond the 1,400 mark relative to the US dollar, marking its second consecutive day of gains as improved sentiment regarding reduced global trade frictions bolstered the American currency. The won started trading at 1,404.8 against each dollar, marking an increase of 8.2 won compared to the…
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Tomato “Ebola” Threatens Nigeria’s Agricultural Sector – Rewane
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Speaking on Channels Television In the ‘Business Morning’ program on Thursday, Rewane highlighted that the effects of the outbreak go well beyond tomatoes, causing a ripple in costs throughout the entire food market. An rise in the price of tomatoes triggers cost elasticity, causing the prices of alternative products such as carrots, tomato paste,…
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Fed Acknowledges Stagflation Risks: deVere Warns Investors Must Act Swiftly
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The Federal Reserve has finally voiced what was previously unspoken: stagflation is not merely a remote possibility but a distinct and immediate concern. For several months, officials have skirted the issue. But now, they’ve shed their reservations. Here is Nigel Green, the CEO of leading financial advisory firm, presenting his analysis. deVere Group following…