(Bloomberg Opinion) — A day at the soccer pitch should offer a nice distraction from trade wars and tariff talk. Next year’s FIFA World Cup, to be jointly hosted by Canada, Mexico and the US, will test that theory. Can the US, in particular, stage a successful tournament that attracts fans from around the world? Or…
(Bloomberg) — Corporate debt’s halcyon days are showing signs of fading, with trade wars damping what had been a relentless demand for credit. “Cracks that appeared in the credit market last week culminated into a fracture this week,” Bank of America Corp. strategist Neha Khoda wrote in a note, adding that markets are now pricing…
Donald trump Tariff Wars: Amid global tension of trade wars, ignited by US President Donald Trump, Baba Ramdev has made explosive claims on the Republican urging ‘Indians to unite’. Ramdev has said that Donald Trump “created a new world record of ‘tariff terrorism’. He has ripped off democracy by threatening poor and developing nations”. Alleging…
(Bloomberg) — Oil plunged to the lowest in about six months as US President Donald Trump’s trade wars hammer the outlook for demand just as OPEC signals it’s ready to start opening the taps on supply. Brent crude plummeted 2.4% to settle just above $69, while West Texas Intermediate dropped 2.9% to settle near $66….
The Canadian dollar has fallen to a 22-year-low, its weakest since 2003, according to a Bloomberg report. It further noted that the US dollar has surged, and euro and Mexican peso have also taken hits after United States President Donald Trump made good on his threat to impose tariffs on Canada, China and Mexico. “The…
