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  • Apr 11, 2025

Exclusive-China has considered opening its $520 billion ETF market to Western market makers, sources say

China has been looking at allowing Western firms such as Citadel Securities and Jane Street to act as market makers in its rapidly growing exchange-traded fund (ETF) sector, two people with direct knowledge of the matter said. Over the last two years, Chinese authorities have issued more licences and encouraged the development of domestic market makers. The sources cautioned, however, that the escalating trade war with U.S. that has seen China saddled with tariffs of 145% this year could delay Beijing's official green light for U.S. firms.

  • Apr 11, 2025

Dollar Emerges as Latest Victim of This Week’s Markets Mayhem

(Bloomberg) -- The dollar has emerged as the latest victim of this week’s market turmoil as a worsening global trade war risks derailing US economic growth.Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion of the Frick CollectionA Bloomberg gauge of the greenback tumbl

  • Apr 11, 2025

Fed's Collins tells Yahoo Finance that markets are holding in for now

(Reuters) -Federal Reserve Bank of Boston President Susan Collins said Friday that financial markets, which have been under massive pressure, appear to be holding in, in comments made in an interview with Yahoo Finance. “Markets continue to function well,” Collins said in the interview, adding “financial market movements are something to stay focused on” amid a huge range of uncertainty tied to trade policy. Collins' comments to Yahoo come after a speech the official made late Thursday that flagged the uncertain outlook caused by the Trump administration's tariffs, amid expectations the big rise in import taxes imposed by the president will drive up inflation and depress growth for a time.

  • Apr 11, 2025

JPMorgan Stock Traders Notch Record Revenue on Market Chaos

(Bloomberg) -- JPMorgan Chase & Co.’s stock traders took in a record haul in the first quarter, boosted by chaotic market moves set off by President Donald Trump’s policy announcements after he took office in January. Most Read from BloombergThe Secret Formula for Faster TrainsMidtown Office Building Evacuated on Concerns of Wall CollapseIn Chicago, a Former Steel Mill Looks to Make a Quantum LeapNYC Tourist Helicopter Crashes in Hudson River, Killing SixInside the Quiet, Extravagant Expansion o

  • Apr 11, 2025

Spanish olive oil makers mull US investment, rush exports to avoid tariffs

One of Spain's leading olive oil producers is pondering an expansion into the U.S. in response to the tariff war unleashed by Washington, just as its peers are rushing out exports while the bulk of new tariffs are still on hold. Spain produces about 40% of the world's olive oil and sends about 180,000 metric tons a year to the United States. "In the medium to long term, we may have to make more investments in the United States, which ultimately are investments that will be made there instead of Europe," said Antonio Luque, the CEO of Dcoop, one of the two partners behind the top-selling U.S. brand Pompeian.

  • Apr 11, 2025

Trade turmoil stymies emerging market bond sale bonanza

JOHANNESBURG (Reuters) -Turmoil in the wake of U.S. President Donald Trump's tariff hikes has abruptly stalled emerging market sovereign debt sales in April, after issuance from developing nations and companies shattered first-quarter records. April is usually a busy month for emerging market debt sales on international capital markets, but policy uncertainty, fears of global recession and spiking U.S. yields have choked risk appetite. This is in sharp contrast to the first quarter, where emerging market firms issued $150 billion and sovereigns $89 billion, according to calculations from JPMorgan.

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