Tariff optimism fuels Wall St gains as Trump eases stance on Powell

Tariff turmoil casts pall over European banks’ 2025 earnings power

ECB expects wage growth to ease considerably this year

Wage growth in the euro zone is projected to slow significantly this year, impacting inflation, as the ECB navigates economic challenges and recent interest rate cuts.

South African inflation falls to five-year low in March as fuel, education costs ease

South Africa's inflation rate dropped to 2.7% in March, allowing room for potential interest rate cuts, influenced by lower fuel costs and slower tuition increases.

Indonesia central bank holds policy rates to keep rupiah stable

Indonesia's central bank maintains policy rates to stabilize the rupiah amid trade tensions, with GDP growth expected slightly below 4.7%-5.5% due to U.S. tariffs.

China’s CATL launches 10 more new models for battery swapping with automakers

CATL will introduce 10 new battery swapping models with various automakers at the Shanghai auto show.

China says US should stop threats, coercion if it wants an agreement

China urges the U.S. to abandon threats and coercion for productive negotiations regarding tariffs and trade.

China’s plan to facilitate cross-border financial services more important amid external changes, PBOC official says

China enhances cross-border financial services amid complex global conditions, urging state-owned enterprises to prioritize yuan usage, says PBOC Deputy Governor Lu Lei.

European shares rise on SAP earnings, Trump’s Fed backflip

European shares rose, driven by strong earnings from SAP and favorable market sentiment due to Trump's comments on the Fed and China tariffs amid varying performances across indices.

Xiaomi denies report of YU7 SUV launch delay, Lei Jun to skip Shanghai auto show

Xiaomi confirmed its YU7 electric SUV will launch in June or July, denying reports of delays, despite a subdued presence at the Shanghai auto show and recent controversies.