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Spain Scraps Arms Deals With Israel’s Elbit Systems and Rafael
Spain has canceled a €700 million ($820 million) contract to purchase artillery systems from Israel’s Elbit Systems.

By The Financial District
Sep 251 min read


Powell Dismisses Trump’s Criticism of “Political” Fed as “Cheap Shot”
US Federal Reserve Chairman Jerome Powell forcefully rejected claims that politics influence the central bank’s decisions, amid escalating clashes with President Donald Trump over the Fed’s independence.

By The Financial District
Sep 251 min read


Trump Upends Tech Industry With $100,000 Fee for H-1B Visa
President Donald Trump imposed an annual $100,000 fee on H-1B visa applications — used by companies to hire skilled foreign workers — immediately rattling the tech industry.

By The Financial District
Sep 251 min read


Bitcoin Could Join Gold on Centr Bank Balance Sheets in the Future
Gold and crypto are performing very differently in the short term—but one firm says the two could thrive side by side in the years ahead.

By The Financial District
Sep 252 min read


PSE Index Down Slightly, Tests Support Level
The Philippine Stock Exchange (PSE) index closed a bit lower on Wednesday at 6,108.72 points, down 9.82 points or 0.16 percent.

By The Financial District
Sep 252 min read


Russia Turns to Barter With China to Skirt Sanctions
Old-fashioned barter is making a comeback in Russia’s foreign trade for the first time since the 1990s, as companies trade wheat for Chinese cars and flax seeds for construction materials in a bid to dodge Western sanctions.

By The Financial District
Sep 241 min read


Trump's New $100,000 Visa Fee Sets Off Panic, Confusion
The surprise order from the Trump administration imposing a new $100,000 fee on some visas set off a day of frantic travel as workers, companies, and foreign governments scrambled to respond to Washington's latest immigration crackdown.

By The Financial District
Sep 241 min read


India’s Steel Exports Face EU Carbon Tax Hit
India's steel industry will not be significantly affected by US tariffs, but the European Union’s carbon tax will impact exports.

By The Financial District
Sep 241 min read


S. Korea President: U.S. Investment Demands Could Trigger Financial Crisis
South Korea’s economy could fall into a crisis rivaling its 1997 meltdown if the government accepts current U.S. demands in stalled trade talks without safeguards.

By The Financial District
Sep 241 min read


33.3% of Outokumpu Clients Freeze Stainless Steel Imports Due to Tariffs
At least one-third of surveyed companies have paused or delayed stainless steel orders because of US import tariffs of up to 50%, while more than half are reassessing their sourcing strategies.

By The Financial District
Sep 241 min read


Crypto Sinks as $1.5-B in Bullish Bets Burned
Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging.

By The Financial District
Sep 241 min read


Malaysia Says RCEP Mulls Adding New Members to Trade Bloc
The China-backed Regional Comprehensive Economic Partnership (RCEP) will consider adding new members and discuss ways to improve trade flows when its leaders meet for the first time in five years in October.

By The Financial District
Sep 241 min read


PSE Index Slumps to Lower Level
The Philippine Stock Exchange (PSE) on Tuesday slumped to a milestone low, closing at 6,118.54 points—down 96.29 points or 1.55 percent—with the Top 10 active shares all ending in the red.

By The Financial District
Sep 232 min read


Funds Pulling Out of U.S. Assets Due to Trump, Mercer Warns
Donald Trump’s efforts to reshape global trade and pressure the Federal Reserve into cutting interest rates are driving investors to scale back U.S. exposure.

By The Financial District
Sep 231 min read


Could U.S. Interest Rate Cut Boost the Housing Market?
Aileen Barrameda is planning to buy a house in Los Angeles in the coming months. Stubbornly high mortgage rates—twice what she locked in at the start of the coronavirus pandemic—aren’t putting her off.

By The Financial District
Sep 231 min read


Trump to Impose $100,000 Fee Per Year for H-1B Visas
The Trump administration said it would require companies to pay $100,000 per year for H-1B worker visas, a move that prompted major tech firms to warn visa holders to stay in the U.S. or quickly return.

By The Financial District
Sep 231 min read


PSE Index Declines on Protest Action Aftermath
The Philippine Stock Exchange (PSE) index fell by 49.66 points, or 0.79 percent, to close at 6,214.83 on Monday, weighed down by investor jitters in the aftermath of violent protests that left more than a dozen injured, including policemen.

By The Financial District
Sep 222 min read


Trump’s Trade War Pushes U.S. Farmers to the Brink
Farmers across the country are issuing increasingly urgent warnings that they face grim consequences if they cannot find markets for this year’s bumper crop now being harvested.

By The Financial District
Sep 221 min read


U.S. Promises to Invest £150-B in U.K.
A record-breaking £150-billion package of U.S. investment into the U.K. has been announced during President Donald Trump’s state visit.

By The Financial District
Sep 221 min read


Trump Kills Annual Report on U.S. Hunger, Calls It "Overly Politicized"
The Trump administration is ending the federal government’s annual report on hunger in America, arguing that it had become “overly politicized” and “rife with inaccuracies.”

By The Financial District
Sep 221 min read


India’s Rice Stocks Hit Record, Wheat at Four-Year High
India’s rice stocks in government warehouses climbed over 14% from a year earlier to a record high for early September, while wheat inventories reached a four-year peak on stronger buying from farmers.

By The Financial District
Sep 201 min read


BOJ Unloads ETFs and Holds Rates Steady at 0.5%
The Bank of Japan’s policy board voted unanimously Friday to begin unloading about ¥335 billion ($2.4 billion) a year of exchange-traded funds (ETFs) and Japan real estate investment trusts.

By The Financial District
Sep 201 min read


U.S. Seeks to Loosen China’s Grip on Global Ports
President Donald Trump’s administration is moving to weaken China’s global port network and bring more strategic terminals under Western control, according to three sources familiar with the plan.

By The Financial District
Sep 201 min read


Trump Whines That EU Is Funding Putin’s War in Ukraine
President Donald Trump called on European leaders to stop “funding” Russian President Vladimir Putin’s war in Ukraine and accused them of failing to pressure China.

By The Financial District
Sep 201 min read
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