SINGAPORE (Reuters) -Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains. The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. “The U.S. effective tariff rate on all imports look to be the highest level in over a century,” said Citi’s global rates trading strategist, Ben Wiltshire. Nasdaq futures tumbled 3.3%…
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Lunchtime read: Everything you need to know about the UK’s new Electronic Travel Authorisation (ETA) European nationals will have to get an Electronic Travel Authorisation (ETA) if they want to visit the UK from today.The ETA costs £10 – however, the government has said it intends to raise that to £16 next week.The scheme was introduced in 2023 for non-European nationals – including those from the USA, Canada and Australia.The UK government, which says the scheme strengthens the immigration system’s security, is now rolling it out for eligible Europeans (except Irish citizens), who will need an ETA to travel to…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as stocks sold off in extended trading after the rollout of President Donald Trump’s tariffs, and what’s on the radar for the next session. CNBC will be all over the markets after Wednesday’s tariff announcement , starting at 5 a.m. ET on Thursday with “Worldwide Exchange,” followed by “Squawk Box” at 6 a.m. CNBC+ is on all night with action…
Transportation Secretary Sean Duffy told senators he hasn’t frozen any funding for “woke” transportation projects since taking office two months ago — but says he is following the “will of the Congress” in rooting out the sustainability and equity aspects of thousands of previously approved projects.Wednesday’s hearing before the Senate Environment and Public Works Committee was supposed to be about the next transportation funding bill to replace the Bipartisan Infrastructure Law — but it mostly focused on the Trump administration’s chaotic implementation of the current bill instead. Nonetheless, Duffy repeatedly told lawmakers that “we did not freeze any” previously obligated funding,…
SINGAPORE (Reuters) -Stocks dived and investors scrambled to the safety of bonds, gold and the yen on Thursday as U.S. President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world’s largest economy, upending trade and supply chains. The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30%, bringing the total new levy to an eye-watering 54% on imports from China. “The U.S. effective tariff rate on all imports look to be the highest level in over a century,” said Citi’s global rates trading strategist, Ben Wiltshire. Nasdaq futures tumbled 4%…
Sunset view of Yarra river and Melbourne skyscrapers business office building with evening skyline in Victoria, Australia. Australia tourism, modern city life, or business finance and economy conceptPrasit Photo | Moment | Getty ImagesAsia-Pacific markets are poised to plunge on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories – several of which are in the region.In charts posted on social media, the White House showed the effective tariff rates they claim other countries impose on American goods, including by “currency manipulation and trade barriers.”The White House told CNBC’s Eamon Javers on Wednesday…
JK News Today New Delhi, April, 01: From April 1, 2025, several key changes in personal finance and taxation rules will come into effect in India as the new financial year begins. These changes will impact taxpayers, credit card users, and the general public. Here’s a summary of the important changes: Income Tax Changes: New tax slabs and rates will be implemented, with individuals earning up to ₹12 lakh annually no longer required to pay income tax. A standard deduction of ₹75,000 will apply to salaried individuals, making up to ₹12.75 lakh salary tax-free under the new tax regime. UPI…
A trader works on the floor at the New York Stock Exchange on April 2, 2025.Brendan McDermid | ReutersU.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.Futures tied to the Dow Jones Industrial Average lost 1,143 points, or 2.7%. S&P 500 futures dropped 3.9%. Nasdaq-100 futures lost 4.7%.Shares of multinational companies tumbled in extended trading. Nike lost 7% and Apple dropped 6%. Shares of big sellers of imported goods were among the hardest…
Financial advisors and clients worried about stock volatility and inflation can climb bond ladders to safety — but they won’t find any, if those steps lead to a place with higher taxes.The choice of asset location for bond ladders in a client portfolio can prove so important that some wealthy customers holding them in a taxable brokerage account may wind up losing money in an inflationary period due to the payments to Uncle Sam, according to a new academic study. And those taxes, due to what the author described as the “dead loss” from the so-called original issue discount compared…
Bayer (ETR: BAYN) is set to release its first carbon credits from regenerative rice farming in India, with up to 250,000 tons of carbon dioxide equivalent (CO2e) currently undergoing validation and certification by Gold Standard.These credits, generated through sustainable farming methods like direct seeded rice (DSR), will be available on the global carbon market for climate-conscious companies seeking to support greenhouse gas (GHG) reductions and sustainable agriculture.This marks Bayer’s first issuance of carbon credits from regenerative crop production in Asia, the German multinational pharmaceutical and biotechnology company said in a statement on Wednesday.The Bayer Rice Carbon Program, implemented across 11…