EU-Mercosur trade deal to be signed in Paraguay today

The long-awaited trade agreement between the European Union and the Mercosur bloc is set to be officially signed today in Paraguay, marking the culmination of over 25 years of negotiations. The deal aims to create one of the world’s largest free-trade zones, covering more than 700 million consumers......

Canada and China strike EV and canola trade deal amid US tensions

Canadian Prime Minister Mark Carney and Chinese President Xi Jinping unveiled a landmark trade agreement in Beijing, slashing tariffs on Chinese electric vehicles in exchange for eased duties on Canadian agricultural goods. This pact signals Ottawa's pivot away from heavy reliance on the United States,......

Russian oil tankers pile up at sea as India cuts imports

Russian crude-loaded tankers are stacking up at sea, unable to offload cargo, as Moscow struggles to revive its Indian market lifeline that rescued its oil trade after European buyers pulled back following the Ukraine invasion. Russia shipped 3.42 million barrels per day over the four weeks ending January......

Copper prices surge on China stimulus and supply woes

Copper prices approached record levels on January 12, 2026, fueled by a weaker US dollar and anticipation of fresh Chinese policies to spur consumer spending. This industrial metal, vital for global electrification, saw three-month contracts on the London Metal Exchange climb 1.9% to $12,964 per metric......

Silver surges past $79 amid China's export curbs

Silver prices climbed above $79 per ounce on Friday, recovering from a sharp midweek pullback as traders grapple with tightening global supply pressures from new Chinese export restrictions that took effect on January 1. The white metal traded around $79.79 per ounce as of January 10, 2026, reflecting......

Volkswagen overtakes Tesla in global EV sales outside China

Volkswagen Group has surpassed Tesla to claim the top spot in worldwide electric vehicle sales excluding China through November 2025, signaling a notable shift in the competitive landscape as the U.S. electric car pioneer grapples with its second straight year of declining deliveries. Data released......

Asian fuel oil prices surge as Venezuelan crude shifts to US

Fuel oil prices in Asia have spiked to their highest levels in eight months, driven by traders' expectations of a major redirection of Venezuelan heavy crude toward American refineries. The premium on high-sulfur fuel oil (HSFO) 380-cst for the nearest month surged above $27 per barrel on January......

China’s consumer inflation reaches near three-year high

China’s consumer inflation accelerated in December, reaching its highest level in nearly three years, while the decline in factory-gate prices continued to ease, according to official data released on Friday. The consumer price index (CPI), a key measure of inflation, rose by 0.8 percent year-on-year......

Emerging markets slide amid Trump's tariff threats

Investors pulled back from emerging markets on Thursday, driving down stocks and currencies amid rising geopolitical tensions and fears of steep U.S. tariffs. The MSCI emerging markets index dropped between 0.7% and 0.8%, its sharpest decline since mid-December, as currencies in Thailand, South Korea,......

Japanese stocks drop amid China's export curbs on dual-use goods

Japanese stock markets tumbled Wednesday as investors grappled with the economic fallout from China's fresh export restrictions on dual-use goods, raising alarms over potential disruptions to vital supply chains in the automotive and electronics sectors. The Nikkei 225 index fell 1.06 percent to......

Trump seizes Venezuelan oil, threatening Chinese debt

China faces mounting losses as President Donald Trump moves to redirect Venezuelan oil exports away from Beijing, jeopardizing billions in unpaid debt and eroding Chinese influence across Latin America. Trump announced Tuesday that Venezuela will hand over 30 to 50 million barrels of oil to the United......

Markets shrug off Venezuela intervention despite oil transfer

Financial markets have shown a surprisingly muted response to the U.S. military intervention in Venezuela and President Donald Trump's announcement that the country will transfer up to 50 million barrels of oil under American control. Some analysts warn investors may be underestimating the geopolitical......

Burry warns markets underestimate Venezuela raid's global impact

Investor Michael Burry, famed for foreseeing the 2008 financial crisis, argues that financial markets are dramatically underplaying the ramifications of the United States' bold military operation in Venezuela. He contends that the muted response in oil prices and stock movements conceals a seismic......

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