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Harvard defies Trump administration’s demand for international student data

Homeland Security threatens to revoke university’s ability to admit foreign nationals

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Trump: Federal Reserve Chairman will leave if I ask him to

This could be heading down a dark path. If Trump turfs the Fed Chairman and/or enough Governors to make a difference, then selling the dollar and buying gold is one of the most-straightforward trades you will ever find. "If I want him out, he'll be out of there real fast, believe me," Trump said. "He’ll…

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Google ‘wilfully’ monopolised online advertising market, US judge rules

Federal court’s decision heightens the risks that Silicon Valley behemoth will need to sell assets

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World Bank: There are constructive discussion underway with the US about commitment

The World Bank’s Banga is speaking and says: Foreign aid is a temporary method to help challenged countries, but will not be the long-term solution for development The right regulatory environment must be created to encourage private investment in developing countries and to create jobs The ‘all of the above’ energy strategy will…

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Fitch: Deep cuts to global forecasters global trade war escalates

Fitch is out on global turmoil and says: Deep cuts to growth forecast as global trade war escalates. Still expects Federal Reserve to wait until Q4 before cutting rates despite deteriorating US growth outlook. We now expect deeper rate cuts from ECB and in emerging markets. Expect some additional US tariff revenues to be…

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Emerging markets need boutique market-making to reach their full potential

Opinion by: Mārtiņš Beņķītis, co-founder and CEO of Gravity Team As crypto adoption plateaus in some developed nations, emerging markets have led the charge for adoption. Southeast Asia, Africa and Latin America have become rapid growth centers, with new activity driven by limited banking options, local currency instability and growing smartphone use. The need for…

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Bitcoin held by publicly listed firms climbs 16% in Q1: Bitwise

The amount of Bitcoin held on the books of publicly traded companies rose by 16.1% in the first quarter of 2025, according to crypto fund issuer Bitwise. Total company Bitcoin (BTC) holdings rose to around 688,000 BTC by the end of Q1, with firms adding 95,431 BTC over the quarter, Bitwise reported in an April…

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ForexLive Asia-Pacific FX news wrap: Asia markets mixed, RBA hints at May rate cut

Ex BOJ official says Bank to hold, not hike: "will be in a wait-and-see mode for a while” Goldman Sachs are wary of 500K of US job losses due to tariffs UBS has cut its China GDP growth forecast to 3.4% for 2025 Survey of firms shows efforts to revive U.S. manufacturing through tariffs…

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Goldman Sachs are wary of 500K of US job losses due to tariffs

Goldman Sachs sought out academic studies on how tariffs impact: The broader statistical evidence points to negative net employment effects. While the range of estimates is wide, academic studies generally find that a 1Opp increase in tariff rates raises employment in protected industries by 0.2-0.4% but that each 1pp increase in tariff-driven costs lowers…

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UBS has cut its China GDP growth forecast to 3.4% for 2025

UBS has cut its China GDP growth forecast to 3.4% for 2025 Downgraded on assuming current tariff hikes will remain and China rolls out additional stimulus UBS say the forecast comes with high margins of error more to come …

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