Browsing: Business
Dimon warned lawmakers that Trump’s 10% credit card rate cap could force issuers to tighten underwriting, limiting access to revolving credit for many U.S. households.
Gold surged above $4,800 an ounce on Jan. 21, 2026, as geopolitical tensions and a weaker U.S. dollar fueled safe-haven demand across Asia with spot near $4,885.1.
The IMF lowered Pakistan’s 2026 growth forecast to 3.2 percent, reflecting updated economic data and reinforcing a more restrained outlook under its global review.
India and the UAE expanded their strategic partnership after talks in New Delhi covering trade energy technology defense and long term investment cooperation.
South Korea’s agricultural and food exports reached a record US$10.2 billion in 2025, driven by strong overseas demand and stable shipments to key markets.
Seven years after Trump tariffs on China began data show higher US costs persistent deficits and China posting a record 2025 trade surplus despite reduced export.
Wall Street cut about 10600 jobs in 2025 as major US banks reduced headcount to the lowest level since 2021 marking the biggest annual decline since 2016.
U.S. stocks rebounded after TSMC lifted chipmakers as the Russell 2000 hit records and beat the S&P 500 for a 10th straight session.
Argentina repaid 2.5 billion dollars to the U.S. Treasury, closing its use of a currency swap facility and ending the Exchange Stabilization Fund exposure now.
Trump declared a 25 percent tariff on Iran trading partners, bypassing formal process and creating uncertainty for exporters, importers and foreign governments.