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(Analysis) Nvidia's pre-market shares dropped 7.1% after revealing a $5.5 billion charge tied to U.S. export prohibits obstructing its H20 AI chips from China.Nasdaq 100 futures fell 1.3%, while ASML, the Dutch firm supplying 100% of the world's EUV lithography makers, slid 7.6%. Integrated, the companies lost $180 billion in market price, part of a $2 t
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Read more: U.S. Chip Curbs Expose China's Reliance on Irreplaceable Western Tech
Write comment (98 Comments)On April 16, 2025, Mexico’s President Claudia Sheinbaum made clear that her administration will not restore diplomatic relations with Ecuador as long as Daniel Noboa remains in power.
This stance follows a year of frozen relations after Ecuadorian security forces stormed the Mexican embassy in Quito to arrest former vice president Jorge Glas, who
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Itaú Unibanco, Brazil's largest personal bank, has actually revised its 2025 inflation forecast downward to 5.5% from 5.7%, citing falling gas prices and decreasing metal product costs.The bank maintained its benchmark Selic rate projection at 15.25% for 2025 but flagged threats connected to international trade stress and a prospective economic slowdown.This
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California Governor Gavin Newsom launched a federal suit Wednesday to block President Donald Trump's sweeping tariffs, escalating a legal and political fight over executive power and global trade.Filed in San Francisco's U.S. District Court, the match argues Trump's usage of emergency situation economic powers to enforce 10-- 25% tariffs on Mexico, China, and
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Read more: California Takes Legal Action Against Trump Tariffs, Defending State's Export Economy
Write comment (91 Comments)China replaced its chief trade mediator Wang Shouwen with Li Chenggang on Wednesday, signaling a tactical shift in its high-stakes tariff war with the U.S.The reshuffle follows Washington's abrupt escalation of tariffs to 245% on choose Chinese goods last week, a move Beijing called unilateral and provocative. Li, a 58-year-old legal scholar
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Read more: China Shakes Up Trade Team as U.S. Tariffs Hit 245%, Names Legal Strategist Li Chenggang
Write comment (96 Comments)MRV Engenharia, Brazil’s largest affordable housing developer, aims to rebound from a rocky 2024 by offloading R$2.4 billion ($407 million) in land assets and capitalizing on revamped government subsidy programs, co-CEO Rafael Menin told investors in an August 2024 earnings call.
The strategy comes after net sales growth stalled at 2%
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Read more: Brazilian Homebuilder MRV Bets on Land Sales and Policy Shifts to Reverse 2024 Slump
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EARTHQUAKEChile on tsunami alert after 7.5 quake |