Browsing: Business

SEOUL, Nov. 26, 2025: The Republic of Korea will establish a temporary state-run investment corporation to oversee its US$350 billion investment pledge to the United States, the government announced Wednesday. The move follows the completion of a bilateral tariff agreement between Seoul and Washington finalized last month. The new body, to be called the Korea-US Strategic Investment Corporation, will manage the disbursement and administration of funds linked to the investment over a 20-year period. According to the Ministry of Economy and Finance and the Ministry of Trade, Industry and Energy, the government submitted a special bill authorizing the corporation’s creation under the leadership of…

BRUSSELS, November 24, 2025: The European Union and the United States will resume trade negotiations in Brussels on Monday, aiming to resolve the remaining issues in their July trade agreement after a two-month suspension. The renewed dialogue will focus on tariff disputes, regulatory standards, and the finalization of technical provisions that continue to delay implementation. The high-level meetings will bring together US Secretary of Commerce Howard Lutnick and Trade Representative Jamieson Greer, alongside EU Trade Commissioner Maroš Šefčovič and trade ministers from all 27 EU member states. Both delegations are expected to review progress made since July and identify steps needed to complete the agreement’s…

WASHINGTON, Nov 21, 2025: U.S. President Donald Trump has signed an executive order lifting a 40 percent tariff on Brazilian beef, coffee, cocoa and certain fruit imports, a move aimed at easing pressure on food prices as consumer costs remain elevated. The measure takes effect immediately for goods entering U.S. markets from November 13, 2025, and includes provisions allowing importers to apply for retroactive refunds of tariffs paid since that date. The order reverses a tariff policy introduced earlier this year that had imposed a 40 percent surcharge on top of an existing 10 percent duty, resulting in combined rates of up to 50 percent on…

Early Bitcoin investor Owen Gunden reportedly sold 11,000 BTC worth $1.3 billion, concluding a 14-year journey in crypto markets, data from Arkham shows.

WASHINGTON, November 19, 2025: The United States has approved the sale of F-35 Lightning II fighter jets to Saudi Arabia, marking a significant shift in American defense exports and signaling closer strategic ties between Washington and Riyadh. President Donald Trump confirmed the decision this week following months of discussions with U.S. defense officials and Saudi representatives. The proposed sale includes up to 48 F-35A aircraft, the conventional takeoff and landing variant used by the U.S. Air Force, along with a package of maintenance support, weapons systems, and pilot training. The agreement forms part of a broader U.S.-Saudi Strategic Defense Framework that also includes the planned…

US cuts tariffs on Indian farm goods including coffee, tea, and spices, easing import costs and boosting bilateral trade under Trump’s new tariff revision.

WASHINGTON, D.C., November 11, 2025: The United States Department of Commerce has announced preliminary anti-dumping duties on pasta imported from Italy that could raise total tariffs to more than 100 percent, significantly impacting one of the largest categories of Italian food exports to the U.S. market. According to the Department’s findings, Italian producers have been selling pasta in the United States at prices below fair market value. The investigation covers 13 companies, including major exporters such as La Molisana and Pasta Garofalo, during the review period from July 1, 2023, to June 30, 2024. The preliminary rate of 91.74 percent is set to apply to…

NEW YORK, November 10, 2025: U.S. stock markets experienced notable declines this week as concerns over elevated valuations in artificial-intelligence linked stocks and a broader technology pull-back weighed on investor sentiment. On Thursday the S&P 500 fell 1.1 % to 6,720.32, the Dow Jones Industrial Average dropped 0.8 % to 46,912.30 and the Nasdaq Composite slid 1.9 % to 23,053.99. Technology and semiconductor stocks, including major players linked to artificial-intelligence applications, led the losses. The Philadelphia Semiconductor Index, used as a key gauge for the chip sector, declined around 2.4 %. Market commentators noted that the S&P 500’s technology weighting is now about 36 %,…

WASHINGTON, November 10, 2025: Global equity markets advanced Monday as technology shares rebounded and the U.S. Senate moved closer to ending the federal government shutdown. Investor sentiment improved across regions, with major indices in Asia, Europe, and the United States gaining ground amid renewed optimism in global markets. In the U.S., futures tied to the S&P 500 rose about 0.9 per cent, while futures for the Dow Jones Industrial Average gained around 0.4 per cent. In Europe, Germany’s DAX Index increased by roughly 1.8 per cent and France’s CAC 40 climbed 1.4 per cent. The U.K.’s FTSE 100 also advanced, buoyed by improved investor sentiment. In Asia, the rally was…

The FHFA is reviewing a Trump-backed proposal for 50-year fixed-rate mortgages to improve affordability in the U.S. housing market.