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1. CNN: Scientists discover new species of dinosaur 2. Reuters: China unveils new trade partnership with US 3. The Guardian: US and China forge new trade deal 4. BBC: Scientists uncover previously unknown species of dinosaur 5. ABC News: US and China agree to historic trade pact 6. Wall Street Journal: US and China sign landmark trade deal 7. The New York Times: US strikes new trade deal with China 8. Bloomberg: China and US sign new trade agreement 9. CNBC: Scientists find new species of dinosaur 10. Fox News: China and US ink new trade pact
Tungsten West shares leap higher on major US financing interest - UK Investor Magazine
Tungsten West has received a significant boost for its Hemerdon tungsten and tin mine project in Devon, with the Export-Import Bank of the United States expressing interest in providing up to $95 million in financing. The non-binding Letter of Interest comes under EXIM’s new Supply Chain Resilience Initiative, designed to strengthen critical mineral supply chains […]
Mark Mobius India Investment: India still Mark Mobius’ biggest bet despite tariff heat, foresees swift FII comeback - The Economic Times
Mark Mobius believes India is still a strong market. He says US tariffs will impact some Indian exports. However, Indian entrepreneurs are finding ways to navigate these challenges. Mobius expects foreign investors to return to India in a few months. The Indian government's efforts to reduce bureaucracy will also help manufacturers.
Quotation of the Day... - Cafe Hayek
Tweet… is from page 72 of Anne Krueger’s 2020 book, International Trade: What Everyone Needs to Know: Moreover, it is often economic to source imports in countries different from major export destinations and there is no reason why bilateral current account balances should matter.…. There are three important reasons why President Trump’s approach is mistaken. […]
WTI edges lower below $64.50 amid fears of weaker demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.50 during the early Asian trading hours on Tuesday. The WTI edges lower amid concerns about weaker global demand following US President Donald Trump's doubling of the existing 25% duty on Indian exports.
Sterling outlook softens amid sticky inflation
Sterling’s outlook is bearish as sticky, services-led inflation (3.8% core; 5% services y/y), slowing and unbalanced growth, and tight public finances weigh on GBP. The Bank of England is likely to deliver one more 25 bp cut in November and then pause, with markets sceptical of further easing. A cooling labour market, weak goods exports, and a pivotal October Budget keep volatility risks elevated.