Economy News

Economy

Brazil's President Lula Stands Firm Against US Tariffs, Vows to Protect National Sovereignty

Brazil's President Lula pledges to protect the country from US tariffs, emphasizing sovereignty and trade equality. The government considers WTO action while remaining open to dial...

Economy

US Treasury Yields Plummet to October Lows Amid Trump's Tariff Announcement

The 10-year US Treasury note yield dropped to 4.04%, its lowest since October 2024, following President Trump's new tariffs. The 30-year and 2-year yields also saw significant decr...

Economy

China's Credit Rating Drops to 'A' by Fitch Amid Rising Public Debt and Economic Challenges

Fitch Ratings has downgraded China's credit rating to 'A' due to concerns over public finances and rising debt. Despite a stable outlook, the debt-to-GDP ratio is expected to incre...

Economy

President Sheinbaum Celebrates No New US Tariffs on Mexico as a Win for Bilateral Relations

Mexican President Claudia Sheinbaum welcomes the US decision not to impose new tariffs on Mexican exports, highlighting improved bilateral relations and ongoing efforts to resolve ...

Economy

US Services Sector Shows Slight Slowdown in March: A Closer Look at the Numbers

The US service sector's activity slightly decreased in February, with the PMI dropping to 50.8% but staying in expansion. Mixed signals from key indexes highlight concerns over tar...

Economy

China Strongly Rejects Fitch's Credit Downgrade, Calls It Unfair and Biased

China's Finance Ministry criticizes Fitch Ratings for downgrading its credit rating, calling it biased and not reflective of the country's economic stability. Fitch cites rising de...

Economy

Exclusive: Commerce Secretary Lutnick Asserts Trump's Tariff Policy Is Here to Stay, No Retreat in Sight

Commerce Secretary Howard Lutnick confirms President Trump's unwavering commitment to his tariff policy, urging countries to adjust their trade approaches with the U.S. for any hop...

Economy

Fitch Ratings Warns: Escalating US Tariffs Could Trigger Economic Recession

Fitch Ratings warns that US tariffs, now at levels last seen in 1909, could trigger a recession by increasing consumer prices, lowering corporate profits, and dampening global econ...