admin, Author at Updatetrade

Ex-Cyber Chief Targeted by Trump Vows to Fight Administration

Chris Krebs, the onetime director of the US Cybersecurity and Infrastructure Security Agency, is vowing to fight the Trump administration full-time after it stripped him and his employer of their security clearances.

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Asian Bond Curves Set to Steepen More as Trade War Rages on

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Asian bond curves face the risk of steepening further as bets on monetary easing to soften the tariff blow drag down short-end yields, while long-term rates track Treasury yields higher.

Asian Bond Curves Set to Steepen More as Trade War Rages on Read More »

Ghana Takes Over Gold Fields Mine After Failed Renewal Bid

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The government of Ghana has assumed control of Gold Fields Ltd.’s Damang mine after the West African nation rejected an application to extend the company’s lease.

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Updating Our Forecast: The Costs of U.S. Trade Policy: Scotiabank’s Forecast Tables

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The costs of President Trump’s erratic and misguided trade policies are rippling through the global economy and markets. Such is the damage caused by these policies that a key question for economic forecasters is whether or not they will trigger a recession in the U.S., first and foremost, and …

Updating Our Forecast: The Costs of U.S. Trade Policy: Scotiabank’s Forecast Tables Read More »

Akazawa: Trump prioritizes discussions with Japan

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Akazawa: Trump prioritizes discussions with Japan Akazawa: Japan still requests review of tariffs Akazawa will continue discussions on car tariffs

Akazawa: Trump prioritizes discussions with Japan Read More »

US President Donald Trump claims ‘big progress’ in Japan trade talks

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US President Donald Trump said trade talk negotiators had made “big progress” following a meeting with Japanese representatives in Washington about the barrage of tariffs he has imposed on global imports, per Reuters.

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South Korea BoK Interest Rate Decision meets forecasts (2.75%)

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South Korea BoK Interest Rate Decision meets forecasts (2.75%)

South Korea BoK Interest Rate Decision meets forecasts (2.75%) Read More »

The Bank of Korea leaves its base rate unchanged at 2.75%, as widely expected

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South Korea’s central bank, the Bank of Korea, holds policy rates, as expected

benchmark
interest rate held at 2.75%

BoK Governor Rhee Chang-yong will hold a news conference from around around 0210 GMT / 2210 US Eastern time.

This article was written by Eamonn Sheridan at www.forexlive.com.

The Bank of Korea leaves its base rate unchanged at 2.75%, as widely expected Read More »

Singapore March NODX +5.4% y/y (expected +14.1%

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Singapore Non-oil Domestic Exports (NODX) miss forecasts

+5.4% y/y in March

expected +14.1%, prior +7.6%

Exports to Taiwan, Indonesia, Hong Kong, Thailand, Japan and South Korea increased y/y

Exports to China declined.

This article was written by Eamonn Sheridan at www.forexlive.com.

Singapore March NODX +5.4% y/y (expected +14.1% Read More »

US, Japan Begin Formal Tariff Talks Without Discussing Forex

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The US and Japan kicked off tariff negotiations with an aim to reach a deal as soon as possible but did not discuss currency issues, Japan’s top negotiator Ryosei Akazawa said.

US, Japan Begin Formal Tariff Talks Without Discussing Forex Read More »