Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.A weak auction of 20-year US government debt flashed a warning sign that the bond market was worried about the …
Asian equities track Wall St sell-off as US deficit fears grow Read More »
Talks among G7 finance ministers faced challenges Wednesday as the group worked to overcome divides on thorny issues like the impact of US President Donald Trump’s tariffs and support for Ukraine. With discussions set to close Thursday, hopes for a final communique reflecting unity among the Group of Seven advanced economies remained uncertain, as tensions persist …
G7 finance chiefs seek unity as Canada talks near end Read More »
Wall Street stocks tumbled Wednesday along with the dollar as a bond sell-off signaled investor unease while Congress weighs a tax-cut bill that could push up the US deficit.The yield on the 10-year US Treasury note approached 4.6 percent, its highest level since February, as Trump seeks to unify Republicans in the House of Representatives …
Dollar, US bonds under pressure as Trump pushes tax bill Read More »
G7 finance leaders exchanged pleasantries before tough discussions Wednesday, seeking to restore stability in the face of economic turbulence from US President Donald Trump’s tariffs and strengthen support for Ukraine.The gathering of finance ministers and central bank governors from the Group of Seven nations in Canada is seen as a test of cohesion among the …
G7 finance chiefs begin talks under strain of Trump tariffs Read More »
Chinese internet giant Baidu on Wednesday posted a quarterly revenue increase of three percent, as the firm seeks to grow its presence in artificial intelligence and expand its robotaxi business abroad.The Beijing-based firm operates China’s main search engine and has long been a key player in the domestic tech industry — but faces stiff competition …
China’s Baidu posts rise in Q1 revenue as seeks to grow AI presence Read More »
The number of foreign visitors to Japan soared 28.5 percent in April year-on-year to a record 3.91 million, official figures showed Wednesday.”Spring cherry blossom season boosted demand for visits to Japan in many markets, as in the previous month, and overseas travel demand increased in some Asian countries, in Europe, the US and Australia to …
Japan tourists soared 28.5% in April to record 3.9mn Read More »
South Korea’s exports fell 2.4 percent year-on-year in the first 20 days of May, partly due to weak sales to the United States after Washington imposed and then partly lifted sweeping tariffs, official data showed Wednesday.Last month, the country’s exports showed unexpected strength, lifted by robust semiconductor demand even as US tariffs weighed on trade.But …
Beijing condemned on Wednesday new US warnings on the use of AI chips by Chinese tech giant Huawei, vowing it would take steps against “bullying” efforts to restrict access to high-tech semiconductors and supply chains.Washington has sought in recent years to curb exports of state-of-the-art chips to China, concerned that they could be used to …
China slams US ‘bullying’ over new warnings on Huawei chips Read More »
Beijing condemned on Wednesday new US warnings on the use of AI chips made in China, vowing it would take steps against “bullying” efforts to restrict access to high-tech semiconductors and supply chains.Washington has sought in recent years to curb exports of state-of-the-art chips to China, concerned that they could be used to advance Beijing’s …
China slams US ‘bullying’ over new chip warnings Read More »
Canada sought to send a firm message with a Ukrainian minister’s presence at the start of a G7 finance leaders gathering Tuesday, where war in Ukraine and economic turmoil from US President Donald Trump’s tariffs remain top of mind.In meetings through Thursday, leaders will discuss global economic conditions and seek a common position on Ukraine.Ukrainian …
Canada seeks to send ‘strong message’ with Ukraine at G7 finance talks Read More »
