Major stock markets mostly rose Thursday on hopes for an end to the war in Ukraine and as US President Trump announced a trade policy shake-up but held off on specific new levies. London was a rare faller owing to sharp losses to share prices of big companies, including Unilever, Barclays and British American Tobacco, on …
Stocks mostly up on Ukraine peace hopes, shrugging off latest US tariff talk Read More »
US President Donald Trump inked plans Thursday for sweeping “reciprocal tariffs” hitting both allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home.Speaking in the Oval Office, Trump said he had decided to impose the reciprocal duties, telling reporters that US allies were often “worse …
Trump launches ‘reciprocal tariffs’ targeting allies and adversaries Read More »
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world’s third-biggest auto company by unit sales behind Toyota and Volkswagen.Here are some key points about why the Japanese companies explored a tie-up, the reasons for their failure, and where this leaves them in a difficult global auto industry.- What …
US President Donald Trump said that he would announce “reciprocal tariffs” on trading partners Thursday, opening new fronts in a trade war economists warn could fuel inflation at home.Trump has announced a broad range of tariffs targeting some of the biggest US trading partners since taking office, arguing that they would help tackle unfair practices …
President Trump says US ‘reciprocal tariffs’ to be announced Thursday Read More »
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world’s third-largest automaker by unit sales.The bid to join forces had been seen as an effort to catch up with US titan Tesla and Chinese firms in the electric vehicle market, as well as providing a …
China began construction last year on projects with the greatest combined coal power capacity since 2015, jeopardising its goal to peak carbon emissions by 2030, according to a report published on Thursday.The world’s second-largest economy is the biggest emitter of the greenhouse gases that drive climate change but is also a renewable energy powerhouse. It …
China’s 2024 coal projects threaten climate goals: report Read More »
Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday thanks to its strong gaming business.The conglomerate said it now expects a net profit of 1.08 trillion yen in the year ending March 31, compared with an earlier projection of 980 billion yen.It also lifted its annual sales …
Sony hikes profit forecast on strong gaming business Read More »
Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia’s Vladimir Putin had discussed peace talks.The US president said he expected to meet his Russian counterpart in Saudi Arabia “in the not too distant …
Asian stocks rise, oil falls as Trump fans Ukraine peace hopes Read More »
China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardising the country’s goal to peak carbon emissions by 2030, according to a report published Thursday.The world’s second-largest economy is the biggest emitter of the greenhouse gases that drive climate change, but also a renewable energy powerhouse. It plans …
China’s 2024 coal projects threaten climate goals: report Read More »
Wall Street stocks mostly fell Wednesday after US inflation data exceeded expectations, while the euro strengthened on signs Russia and Ukraine could be closer to a peace agreement.Major US indices began the day firmly in the red after January US consumer price index data showed inflation grew, raising questions about whether the Federal Reserve’s progress …
US stocks mostly lower on inflation, euro gains on Ukraine peace hopes Read More »
