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Express Tribune
15-05-2025
- Business
- Express Tribune
Gold plunges for second day in global and local markets
Listen to article Gold prices recorded a signficant drop in both international and domestic markets as the decline for a second consecutive day. According to All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola (11.66 grams) dropped by Rs6,700, bringing it down to Rs335,200. Similarly, the price of 10 grams of gold fell by Rs5,745, reaching Rs287,379. Yesterday in local markets, the per tola gold (11.66 grams) fell by Rs2,300, bringing the price to Rs341,900. The price of gold in the international bullion market declined by $67 per ounce, settling at $3,168. The sharp fall in global rates also impacted domestic prices in Pakistan. The price of silver also decreased, with one tola falling by Rs105 to Rs3,377. Gold prices fell to their lowest in more than a month on Thursday, as easing trade tensions between the world's two largest economies dented demand and investors awaited US economic data for further clarity on future interest rates. Spot gold was down 0.8% to $3,154.16 an ounce as of 0838 GMT, after hitting its lowest since April 10 earlier in the session. The US and China this week have agreed to reduce tariffs and implemented a 90-day pause, de-escalating a trade war and denting demand for gold as a safe haven. Gold, used as a store of value during times of political and financial uncertainty, scaled an all-time high of $3,500.05 per ounce last month, boosted by central bank buying, fears linked to a global tariff war, and strong investment demand.
Business Recorder
15-05-2025
- Business
- Business Recorder
Gold price per tola falls Rs6,700 in Pakistan
Gold prices in Pakistan continued to fall in line with their decrease in the international market. In the local market on Thursday, gold price per tola reached Rs335,200 after it shed Rs6,700 during the day. As per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA),10-gram gold was sold at Rs287,379, after it decreased Rs5,745. On Wednesday, gold price per tola reached Rs341,900 after it shed Rs2,300 during the day. The international rate of gold also decreased on Thursday. The rate was at $3,168 per ounce (with a premium of $20), a decline of $67, as per APGJSA. Meanwhile, silver price per tola also decreased by Rs105 to settle at Rs3,377.
Winnipeg Free Press
13-05-2025
- Sport
- Winnipeg Free Press
Guardians face the Brewers leading series 1-0
Milwaukee Brewers (20-22, fourth in the NL Central) vs. Cleveland Guardians (24-17, second in the AL Central) Cleveland; Tuesday, 6:10 p.m. EDT PITCHING PROBABLES: Brewers: Quinn Priester (1-1, 5.08 ERA, 1.66 WHIP, 20 strikeouts); Guardians: Logan Allen (1-2, 4.33 ERA, 1.67 WHIP, 25 strikeouts) BETMGM SPORTSBOOK LINE: Guardians -125, Brewers +105; over/under is 9 runs BOTTOM LINE: The Cleveland Guardians lead 1-0 in a three-game series against the Milwaukee Brewers. Cleveland has gone 13-7 in home games and 24-17 overall. The Guardians have the eighth-ranked team slugging percentage in the AL at .379. Milwaukee is 20-22 overall and 8-15 on the road. The Brewers have gone 7-1 in games when they hit two or more home runs. Tuesday's game is the second time these teams match up this season. TOP PERFORMERS: Kyle Manzardo leads the Guardians with nine home runs while slugging .476. Daniel Schneemann is 9 for 29 with three home runs and eight RBIs over the last 10 games. Jackson Chourio has 13 doubles, a triple and seven home runs for the Brewers. Rhys Hoskins is 10 for 36 with four doubles, a home run and six RBIs over the last 10 games. LAST 10 GAMES: Guardians: 6-4, .234 batting average, 3.58 ERA, outscored opponents by 12 runs Brewers: 4-6, .194 batting average, 4.03 ERA, outscored by 18 runs INJURIES: Guardians: Edward Lively: day-to-day (undisclosed), Paul Sewald: 15-Day IL (shoulder), Shane Bieber: 60-Day IL (elbow), Erik Sabrowski: 60-Day IL (elbow), Trevor Stephan: 60-Day IL (elbow), Lane Thomas: 10-Day IL (wrist), John Means: 60-Day IL (elbow), Slade Cecconi: 15-Day IL (oblique), David Fry: 60-Day IL (elbow), Sam Hentges: 60-Day IL (shoulder) Brewers: Blake Perkins: 60-Day IL (shin), Garrett Mitchell: 10-Day IL (oblique), Nestor Cortes: 60-Day IL (elbow), Connor Thomas: 15-Day IL (elbow), Aaron Civale: 15-Day IL (hamstring), Brandon Woodruff: 15-Day IL (shoulder), Aaron Ashby: 15-Day IL (oblique), D.L. Hall: 60-Day IL (lat), Robert Gasser: 60-Day IL (elbow) ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar.
Los Angeles Times
08-05-2025
- Business
- Los Angeles Times
The EU publishes a U.S. product hit list and prepares for WTO action against Trump's tariffs
BRUSSELS — The European Union published on Thursday a list of U.S. imports that it would target with retaliatory duties if no solution is found to end President Trump's tariff war, which could include aircraft maker Boeing. At the same time, the EU's executive branch, the European Commission, said that it would begin legal action at the World Trade Organization over the 'reciprocal tariffs' that Trump imposed on countries around the world a month ago. 'The EU remains fully committed to finding negotiated outcomes with the U.S.,' commission President Ursula von der Leyen said. 'At the same time, we continue preparing for all possibilities.' The commission manages trade deals and disputes on behalf of the 27 EU countries. In early April, Trump imposed a 20% levy on goods from the EU as part of his tariff onslaught against global trading partners. A week later he paused them for 90 days to give countries a chance to negotiate solutions to U.S. trade concerns. A blanket 10% tariff still applies to EU imports. The commission drew up countermeasures to target 20.9 billion euros ($23.6 billion) of U.S. goods, roughly the equivalent of what Trump would be hitting in Europe. But it also paused them for 90 days to give negotiations a chance. The bloc's top trade official has shuttled between Brussels and Washington trying to find a solution, but with little to show, the commission has made public a list of American imports for possible targeting worth 95 billion euros ($107 billion). The list is broken down into sectors and broad categories of products rather than brand names. It contains 10.5 billion euros ($11.9 billion) worth of aircraft, 10.3 billion euros ($11.6 billion) in vehicle parts and 2 billion euros ($2.3 billion) in vehicles. Around 1.3 billion euros ($1.5 billion) in imports of U.S. wine, beer and spirits could also be hit. European wine producers have been deeply concerned that Trump's tariffs would deal a severe blow to their sector, which relies on the U.S. as its top market. Interested companies and parties are being given until June 10 to provide feedback, before the commission decides on the next steps. 'Boeing is very welcome to make comments on this list,' a commission official said, briefing reporters on the list and the rationale for the EU's approach. In parallel, the commission said that it would be taking legal action at world trade's governing body, and would soon request consultations with the United States to try to resolve the issue, which must take place within two months. It said that this action would focus on Trump's 'universal' reciprocal tariffs, and duties on cars and car parts. 'It is the unequivocal view of the EU that these tariffs blatantly violate fundamental WTO rules,' a statement said. The commission estimates that 379 billion euros ($428 billion) of EU exports to the U.S. have been hit by new tariffs, including those on pause until mid-July, since Trump took office. It said they are already 'raising costs for business, stifling growth, fueling inflation and heightening economic uncertainty.' Cook writes for the Associated Press.
Yahoo
08-05-2025
- Business
- Yahoo
The EU publishes a US product hit list and prepares for WTO action against Trump's tariffs
BRUSSELS (AP) — The European Union published on Thursday a list of U.S. imports that it would target with retaliatory duties if no solution is found to end U.S. President Donald Trump's tariff war, which could include aircraft maker Boeing. At the same time, the EU's executive branch, the European Commission, said that it would begin legal action at the World Trade Organization over the 'reciprocal tariffs' that Trump imposed on countries around the world a month ago. 'The EU remains fully committed to finding negotiated outcomes with the U.S.,' commission President Ursula von der Leyen said. 'At the same time, we continue preparing for all possibilities.' The commission manages trade deals and disputes on behalf of the 27 EU countries. In early April, Trump imposed a 20% levy on goods from the EU as part of his tariff onslaught against global trading partners. A week later he paused them for 90 days to give countries a chance to negotiate solutions to U.S. trade concerns. A blanket 10% tariff still applies to EU imports. The commission drew up countermeasures to target 20.9 billion euros ($23.6 billion) of U.S. goods, roughly the equivalent of what Trump would be hitting in Europe. But it also paused them for 90 days to give negotiations a chance. The bloc's top trade official has shuttled between Brussels and Washington trying to find a solution, but with little to show, the commission has made public a list of American imports for possible targeting worth 95 billion euros ($107 billion). The list is broken down into sectors and broad categories of products rather than brand names. It contains 10.5 billion euros ($11.9 billion) worth of aircraft, 10.3 billion euros ($11.6 billion) in vehicle parts and 2 billion euros ($2.3 billion) in vehicles. Around 1.3 billion euros ($1.5 billion) in imports of U.S. wine, beer and spirits could also be hit. European wine producers have been deeply concerned that Trump's tariffs would deal a severe blow to their sector, which relies on the U.S. as its top market. Interested companies and parties are being given until June 10 to provide feedback, before the commission decides on the next steps. 'Boeing is very welcome to make comments on this list,' a commission official said, briefing reporters on the list and the rationale for the EU's approach. In parallel, the commission said that it would be taking legal action at world trade's governing body, and would soon request consultations with the United States to try to resolve the issue, which must take place within two months. It said that this action would focus on Trump's 'universal' reciprocal tariffs, and duties on cars and car parts. 'It is the unequivocal view of the EU that these tariffs blatantly violate fundamental WTO rules,' a statement said. The commission estimates that 379 billion euros ($428 billion) of EU exports to the U.S. have been hit by new tariffs, including those on pause until mid-July, since Trump took office. It said they are already 'raising costs for business, stifling growth, fueling inflation and heightening economic uncertainty.' Sign in to access your portfolio
