By Rae Wee SINGAPORE (Reuters) – In just a week, the dollar has gone from a safe haven to investors’ whipping boy as U.S. President Donald Trump’s chaotic tariffs on friend and foe alike undermine decades of trust in the world’s reserve currency. The sudden loss of confidence was nowhere more stark than in the…
By Lewis Jackson BEIJING (Reuters) – Shipments of seven rare earths placed on an export control list last week by Beijing have ground to halt, three sources said, raising the risk of shortages overseas as Chinese exporters begin the long, uncertain wait for government licenses. Shipments stopped on April 4, the sources familiar with the…
By Rahul Paswan and Anjana Anil (Reuters) – Gold prices vaulted over the $3,200-per-ounce mark for the first time on Friday, as intensifying U.S.-China trade tensions rattled global markets and drove investors into the metal seen as a refuge from uncertainty. Spot gold hit a record of $3,245.28 per ounce on Friday, having broken multiple…
BEIJING (Reuters) -Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a trade war. Both models are made in the U.S. and imported to China. New orders for the two models were also…
