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  • Apr 22, 2025

Bitcoin Surges as US Seeks to Ease Trade, Fed Tensions

(Bloomberg) -- Bitcoin continued to climb after US President Donald Trump said he had no intention of firing Federal Reserve Chair Jerome Powell, easing concerns over the central bank’s autonomy.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeDOGE Visits National Gallery of Art to Discuss Museum’s Legal StatusThe Racial Wealth Gap Is Not Just About MoneyBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe largest cryptocurrency rose about 3% befor

  • Apr 22, 2025

BOJ says Japan banks need to be vigilant amid financial market volatility

TOKYO (Reuters) -Japanese banks need to watch out various risks as the volatility in global financial markets has increased due to uncertainties over trade policies, the Bank of Japan said on Wednesday. "Japan's financial system has been maintaining stability on the whole," the BOJ said in its report on the financial system. "However, since the beginning of April, financial markets at home and abroad have fluctuated significantly," it said, citing uncertainty over trade, other economic policies and geopolitical risks.

  • Apr 22, 2025

BP share buyback outlook at risk from oil price slump, analysts say

BP may be forced to cut or even scrap its share buyback programmes over the next year unless oil prices recover, analysts say, adding that would increase pressure on its already underperforming shares. Oil majors and other resource companies have made increased use of share buybacks and dividends to reward shareholders in recent years. Three analysts said the risk for BP was that weaker oil prices would mean it could not sustain its buyback programme, aggravating the problem of BP's underperformance versus peers.

  • Apr 22, 2025

Truck maker Volvo cuts North America market outlook amid tariff uncertainty after Q1 profit falls

(Reuters) -Truck maker Volvo reported a bigger-than-expected fall in first-quarter profit on Wednesday and lowered its North America lorry market outlook, pointing to increased uncertainty around tariffs and their impact on global trade. The Swedish group said it now sees the North American heavy truck market at 275,000 new vehicles this year. Volvo repeated a market outlook for 290,000 new heavy trucks in Europe, adding however that current market conditions meant forecasts were subject to significant uncertainty.

  • Apr 22, 2025

Morning Bid: Trump's Fed backflip sets off relief rally

Listening to President Trump on Tuesday, it's as if all the vitriol towards Fed boss Jay Powell - the threats, the name calling - was some crazy misunderstanding. Trump now says he had "no intention of firing him" and was just gently angling for a rate cut or two. In the same news conference, Trump said the exorbitant levies on Chinese goods following a rapid tit-for-tat trade war escalation - so high that the actual numbers became irrelevant - will soon be "substantially" lower.

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