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High tariffs are posing a significant challenge for Tesla's entry into the Indian market, according to the company's CFO. These financial barriers are seen as a major roadblock that could hinder the automaker's expansion plans in the region.
Austria successfully issued 7 billion euros in a triple-tranche syndicated bond tap, with significant demand across all tranches. The first tranche of 3 billion euros, maturing in October 2029, saw a spread of 19 basis points above midswaps, while the second tranche of 2.25 billion euros, maturing in July 2039, had a spread of 66 basis points. The final tranche of 1.75 billion euros, maturing in October 2053, was set at a spread of 97 basis points, with total books closing at impressive levels of 16.7 billion, 22.9 billion, and 23.2 billion euros, respectively.
Chinese regulators will end the refund-without-return policy by July 2025, shifting the responsibility for refunds back to merchants. This decision follows protests against the financial strain the policy placed on sellers, highlighting the tension between consumer convenience and merchant sustainability in e-commerce. The move reflects a broader regulatory trend aimed at balancing competitive pressures and economic realities for businesses.
The USD experienced a broad recovery, influenced by Trump's assurance of Fed Chairman Powell's position, easing concerns about the Fed's independence. Reports of potential trade war de-escalation with Japan, India, and China contributed to this shift, although skepticism remains about sustained easing signs. The US administration's preference for a weaker dollar complicates the outlook, with analysts cautious about significant declines in EUR/USD without more concrete developments.
Capital One's CEO expressed confidence in the resilience of the US consumer, despite the impending threat of tariffs. He emphasized that, for the moment, consumers are in a strong position, suggesting a stable economic outlook.
Pakistan's foreign investment fell by 19% to $1.3 billion in the first nine months of the fiscal year, attributed to political uncertainty and a challenging business environment. While foreign direct investment rose by 14% to $1.64 billion, foreign portfolio investment plummeted by 514%. The government aims to boost exports to $60 billion in five years, but foreign reserves have dwindled to $10.6 billion, insufficient for two months of imports, raising concerns about the sustainability of economic improvements.
Tesla's production of the Optimus humanoid robot is delayed due to China's export restrictions on rare earth magnets, which are crucial for the robots. These controls, aimed at ensuring the magnets are not used for military purposes, complicate supply chains and may hinder Tesla's goal of producing thousands of robots in 2025. The situation highlights the broader impact of U.S.-China trade tensions on technology companies and the clean energy transition.
Saudi Arabia's economy is projected to grow by 3% in 2025, with an increase to 3.7% in 2026, according to the IMF. This growth outpaces the global average of 2.8% for 2025, while inflation is expected to remain stable at 2.1%. The Kingdom is set to outperform several Gulf neighbors, with Bahrain at 2.8% and Qatar at 2.4%.
Saudi Arabia's National Debt Management Center raised SR3.71 billion ($990 million) through its April sukuk issuance, marking a 40.5% increase from March. The issuance, divided into four tranches maturing between 2029 and 2039, reflects the Kingdom's growing domestic debt market amid rising global interest rates.In the first quarter, Saudi Arabia led the GCC in primary debt issuances, raising $31.01 billion from 41 offerings. S&P Global noted that the expanding non-oil sector and robust sukuk levels could significantly boost the global Islamic finance industry, with projections of $190 billion to $200 billion in global sukuk issuance by 2025.
Citigroup's Chief Economist Nathan Sheets warns of a 40% to 45% chance of a U.S. recession by the end of 2025, primarily due to the economic impact of tariffs imposed on China and other trading partners. He predicts a significant downturn in the second half of 2025, driven by rising prices and stagnant growth, as trade tensions escalate. Despite the dollar's status as the world's dominant reserve currency, Sheets cautions that ongoing tariffs could lead to structural damage to the economy and a loss of confidence in U.S. policies.
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high tariffs hinder tesla's entry into the indian market
15:00 23.04.2025
Austria raises 7 billion euros in triple-tranche bond issuance
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14:19 23.04.2025
China to end refund without return policy amid merchant pressure
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07:16 23.04.2025
Tesla's Optimus robot production delayed by China's export restrictions on magnets
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IMF projects Saudi economy to grow 3 percent in 2025
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Saudi Arabia's sukuk issuance rises significantly amid growing debt market activity
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Citi economist warns of significant recession risk due to tariffs by 2025
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06:30 23.04.2025
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