International News 01 August 2025
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Grab Beats Q2 Forecasts, Eyes Growth in Indonesia
Grab Holdings posted Q2 2025 revenue of $819 million, beating analyst expectations of $811.3 million, as demand for ride-hailing and food delivery remained strong despite global uncertainties. Its superapp model continues to gain traction, boosting subscriptions and protecting the business from macroeconomic headwinds. The company also reported a $20 million profit, reversing a $68 million loss in the same period last year. Grab Holdings membukukan pendapatan Q2 2025 sebesar $ 819 juta, mengalahkan ekspektasi analis sebesar $ 811,3 juta, karena permintaan untuk perjalanan naik dan pengiriman makanan tetap kuat meskipun ketidakpastian global. Model SuperAppnya terus mendapatkan daya tarik, meningkatkan langganan dan melindungi bisnis dari angin sakal ekonomi makro. Perusahaan juga melaporkan laba $ 20 juta, membalikkan kerugian $ 68 juta pada periode yang sama tahun lalu. Indonesia played a key role in this growth, with Grab seeing increased profitability and planning to double its investment in the country. CFO Peter Oey emphasized that affordability and user growth helped drive results, and dismissed rumors of acquisition talks with GoTo. Indonesia memainkan peran penting dalam pertumbuhan ini, dengan ambil melihat peningkatan profitabilitas dan perencanaan untuk menggandakan investasinya di negara ini. CFO Peter Oey menekankan bahwa keterjangkauan dan pertumbuhan pengguna membantu mendorong hasil, dan menolak rumor pembicaraan akuisisi dengan Goto
Oil Prices Drop Amid U.S. Tariff Uncertainty and Rising Inventories
Oil prices declined as markets reacted to looming U.S. trade tariff deadlines set by President Donald Trump, contributing to uncertainty among countries yet to finalize trade deals with the U.S. Brent crude for September 2025 delivery fell by 71 cents to $72.53 per barrel, while WTI dropped 74 cents to $69.26 per barrel. Trump’s announcement of extended trade negotiations with Mexico and continued tariffs on key goods, including autos and metals, weighed on oil futures. Analyst John Kilduff noted that unresolved trade issues dampen oil demand outlooks, with inflationary pressures and delayed Fed rate cuts further complicating the global economic landscape. At the same time, U.S. crude production reached a record 13.49 million barrels per day in May, according to the EIA, and inventories rose by 7.7 million barrels due to declining exports. Gasoline stocks fell sharply, suggesting strong driving season demand, though analysts viewed the inventory data as market-neutral. Meanwhile, geopolitical tensions also influenced sentiment, as the U.S. threatened new sanctions on Russia and warned China and India against purchasing Russian oil. Additional sanctions were announced against Iran-linked entities, adding further complexity to the global oil market.
Trump Unleashes New Wave of Tariffs, Triggering Global Trade Tensions
U.S. President Donald Trump has announced sweeping new tariffs on imports from 69 countries, including 35% on Canadian goods and 50% on Brazilian products, just hours before a key trade deal deadline on August 1, 2025. The executive order, released late Thursday, imposes duties ranging from 10% to 41%, effective within seven days. Countries not listed will still face a minimum 10% tariff. Trump justified the move by citing insufficient trade concessions and national security concerns. Canada faced increased penalties due to its perceived failure to stem fentanyl inflows, while Mexico secured a 90-day tariff suspension following high-level talks. India, Brazil, Taiwan, and Switzerland were hit with hefty tariffs, with Brazil penalized over political issues and India targeted for limited market access. South Korea avoided harsher measures by committing to $350 billion in U.S.-selected investments. The tariffs have driven up consumer goods prices in the U.S., with furniture and recreational vehicle costs surging. Legal challenges are underway, as federal courts question Trump’s broad use of emergency economic powers. Meanwhile, a final tariff deal with China is reportedly nearing, pending Trump’s approval following ongoing negotiations in Stockholm.
https://internasional.kontan.co.id/news/trump-hantam-69-negara-dengan-tarif-tinggi-kanada-kena-35
U.S. Dollar Rallies to Strongest Weekly Gain in Nearly Three Years Amid Trade Tensions
The U.S. dollar surged sharply on Friday, August 1, 2025, putting it on track for its best weekly performance in nearly three years. The rally was driven by President Donald Trump’s announcement of new tariffs on dozens of U.S. trading partners. This bold trade move strengthened the dollar across the board, with the Japanese yen falling to its weakest level since March at 150.89 per dollar after the Bank of Japan signaled no urgency in tightening policy. Other currencies also suffered: the Swiss franc weakened as Trump raised tariffs to 39%, the Canadian dollar dropped to a two-month low after tariffs jumped from 25% to 35%, and the euro hovered near a two-month low at $1.1420 due to a perceived unfavorable EU-U.S. trade deal. Despite renewed criticism from Trump targeting Federal Reserve Chair Jerome Powell, market sentiment remained focused on trade momentum and economic fundamentals. The U.S. dollar index briefly breached 100.10, marking its first move above the 100 threshold since late May.