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dollar strengthens as trump announces tariffs on mexico and canada
The dollar strengthened significantly, rising over 2% against the Mexican peso and 1% against the Canadian dollar, following President Trump's announcement of tariffs against both countries. This shift comes after a period of weakness for the dollar, as markets reacted positively to Trump's nomination of hedge fund manager Scott Bessent as U.S. Treasury secretary. Analysts suggest that Trump’s actions are a reminder of his influence over the markets.
Moneycontrol
United States Dollar Canadian Dollar Mexican Peso City Index USA Scott Bessent Matt Simpson
Finance & Economy, Market Report
02:30 26.11.2024
Trump plans significant tariffs on imports from China Mexico and Canada
Donald Trump plans to impose 25% tariffs on goods from Mexico and Canada, and an additional 10% on Chinese imports, starting on his first day in office. He cites immigration and drug trafficking as justifications, warning that these tariffs will remain until the issues are addressed. Experts predict that this protectionist approach may lead to higher prices for consumers and potential retaliatory tariffs from affected countries.
Tages-Anzeiger
United States Dollar Canadian Dollar Chinese Yuan Mexican Peso R.011 Architecten B.V. F.01 Alliance des Artisans GIE e . I.0.M. Holz & Bautenschutz GmbH d Y N.0.S.V SCI X.0 Advisory Ltd. D.01 P.A.C. Holding SA 3.0 Advocats i Assessors Fiscals SLP V.05 SCI A. & 0. Gauer GmbH & Co. KG y { H.0. Sàrl & O. 10 Ejendomsselskabet ApS U.2.C Sàrl M.0. or YA Ltd. E.01 Euro-Innovation SA B. 0. I. EDV-Beratung GmbH , L.008 - W. 01 Team Victus SA T.01 Team Opus Sàrl w S. & 0. Immobiliengesellschaft mbH " K.003 Projekt s.r.o. z G ' C.1 3 5 7 R des Trioux-e. V. : P.0. Rørmyr AS } i G.0.M AB q J.0E.G. Sàrl USA CHN CAN MEX Xi Jinping Joe Biden Donald Trump Show more
Finance & Economy, News Article
01:40 26.11.2024
Trump announces new tariffs on China Canada and Mexico ahead of inauguration
President-elect Donald Trump announced plans to impose a 10% tariff on all Chinese goods entering the U.S. and a 25% tariff on products from Canada and Mexico, effective upon his inauguration on January 20. This move is part of his strategy to reshape trade relations with these countries.
CNBC
United States Dollar Canadian Dollar Chinese Yuan Mexican Peso Apple Inc. USA CHN MEX Donald Trump Show more
Finance & Economy, Social Media Post
01:33 26.11.2024
Dollar strengthens as Mexican peso declines amid tariff threats
The dollar has strengthened while the Mexican peso has weakened in response to Trump's tariff threats. This situation is influencing global markets and business dynamics as the election approaches, prompting widespread analysis and coverage.
Bloomberg.com
United States Dollar Mexican Peso Apple Inc. USA MEX Show more
Finance & Economy, Market Report
01:09 26.11.2024
Moldova explores gas supply alternatives for Transdniestria amid Ukraine transit concerns
Moldova's energy minister engaged in discussions with Gazprom's head regarding alternative gas supply routes for the breakaway region of Transdniestria. This conversation comes amid concerns over potential disruptions in gas transit through Ukraine.
reuters.com
Gazprom MDA
Finance & Economy, News Article
22:17 25.11.2024
ECB's Makhlouf signals interest rate decline amid data-driven uncertainty
European Central Bank Governing Council member Gabriel Makhlouf indicated that interest rates are set to decline, though the pace of this decrease will be influenced by economic data. He emphasized that while the current policy remains restrictive, uncertainty in trade partners' economic policies necessitates an open-minded approach to the rate reduction trajectory.
Bloomberg.com
Euro European Central Bank IRL Gabriel Makhlouf
Finance & Economy, Market Report
20:45 25.11.2024
avigating the energy transition challenges in pakistan and beyond
Many island nations face challenges similar to those in Pakistan, where the shift to renewable energy raises questions about the viability of traditional state-run grids. As solar power adoption grows, the national grid risks instability and financial strain, prompting calls for modernization and market reforms. Despite efforts to promote solar energy, concerns about affordability and the shrinking customer base for the grid persist, highlighting the complex dynamics of energy transition in emerging markets.
CleanTechnica
United States Dollar OilPrice.com Financial Times Ltd.(the) PV Magazine PAK USA Awais Leghari Show more
Finance & Economy, Blog Post
19:06 25.11.2024
ew zealand central bank to cut interest rates by 50 basis points
New Zealand's central bank is poised to cut interest rates by 50 basis points for the second consecutive meeting, bringing the Official Cash Rate down to 4.25%. This move positions the Reserve Bank as one of the most aggressive rate cutters among its western counterparts, with one analyst predicting a potential 75-point reduction.
bloomberg.com
New Zealand Dollar RBNZ NZL
Finance & Economy, Market Report
17:00 25.11.2024
Cabinet approves 3700 crore investment for hydro power projects in Arunachal Pradesh
The Cabinet has approved a Rs 3,700 crore investment for two hydro power projects in Arunachal Pradesh, including the 186 MW Tato-I Hydro Electric Project in Shi Yomi District, which will generate 802 million units of energy. The project, set to be completed in 50 months, will be a joint venture between NEEPCO and the state government, providing 12% free power and enhancing local infrastructure and socio-economic development. The Centre will also support the project with Rs 77.37 crore for infrastructure and Rs 120.43 crore for equity.
Moneycontrol
Indian Rupee North Eastern Electric Power Corporation Ltd (NEEPCO) IND Ashwini Vaishnaw
Finance & Economy, Press Release
16:58 25.11.2024
India rejects climate finance deal at COP29 demanding greater support for Global South
India's strong rejection of the climate finance deal at COP29 highlights its commitment to advocating for the Global South, demanding higher support from wealthy nations. The agreed $300 billion annual target by 2035 falls short of the $1 trillion sought by developing countries, reflecting ongoing frustrations over inadequate financial commitments for climate action. India's stance signals a broader call for richer nations to fulfill their responsibilities, as developing countries face increasing pressures to transition to low-carbon pathways without sufficient support.
Climate Home News
United States Dollar Apple Inc. Clean Energy Wire Stanley Center for Peace and Security Swaniti Global USA BOL NGA DEU COL IND RUS CHN MWI CUB Sanjay Vashist Chandni Raina Srestha Banerjee Megan Rowling Jennifer Morgan Show more
Finance & Economy, News Article
16:35 25.11.2024
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