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BUSINESS

ECB cuts rates and flags tariff risks

News Agencies, Published on 17/04/2025

» FRANKFURT - The European Central Bank (ECB) cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a knock from US tariffs.

BUSINESS

Search begins for new Bank of Thailand chief

Reuters and Post Reporters, Published on 17/04/2025

» The Ministry of Finance has appointed a selection committee to choose a new Bank of Thailand governor to succeed Sethaput Suthiwartnarueput, whose five year term will end on Sept 30.

BUSINESS

New hearing date set in Nescafé dispute

Post Reporters, Published on 17/04/2025

» The Min Buri Civil Court has set June 20 for a hearing on a petition by Nestlé in an increasingly bitter dispute over the Nescafé coffee business with its former Thai joint-venture partner.

BUSINESS

Thai economic growth to see hit from US tariffs: central bank

Somruedi Banchongduang and Reuters, Published on 17/04/2025

» Thailand’s economic growth will be hit by US tariffs on its exports, although the impact on activity won’t be as great as during the Covid-19 pandemic, a senior central bank official said on Thursday.

BUSINESS

Thai ombudsman calls for tougher crackdown on proxies

Post Reporters, Published on 17/04/2025

» Ombudsman Songsak Saicheua has urged the government to step up enforcement against foreigners using proxies to do business in Thailand, which is spreading in many sectors and costing the country income opportunities.

BUSINESS

Gold hits fresh record as trade war, Powell fire up haven demand

Bloomberg, Published on 17/04/2025

» Gold hit another all-time high as warnings from Federal Reserve Chief Jerome Powell about the impact of the trade war fuelled volatility on Wall Street, leading to sharp declines in stocks and the dollar. 

BUSINESS

US tariffs sparked rush to get bitcoin mining gear out of Asia

Bloomberg News, Published on 17/04/2025

» KUALA LUMPUR — For about a week, Bitcoin mining firms in Southeast Asia faced an all-consuming deadline: midnight, April 9.

BUSINESS

Unease grows over Trump tariffs despite 'progress' in Japan trade talks

AFP, Published on 17/04/2025

» TOKYO - Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly.

BUSINESS

Trump says ‘big progress’ made in Japan talks on tariff deal

Bloomberg, Published on 17/04/2025

» President Donald Trump said negotiators made “big progress” in a meeting with Japanese officials seeking a deal to avoid higher levies he has threatened against US trading partners.

BUSINESS

China says it will ignore US 'tariff numbers game'

Reuters, Published on 17/04/2025

» BEIJING — China will pay no attention if the United States continues to play the "tariff numbers game", China's foreign ministry said on Thursday, after the White House outline how China faces tariffs of up to 245% due to its retaliatory actions.