Asian stocks fluctuated Wednesday, with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out.But while the days of breathtaking volatility seen through April appear to be over for now, analysts warned that more work was needed for Washington to reach tariff deals with countries and …
Asian markets swing as China-US trade euphoria fades Read More »
Wall Street stocks mostly rose Tuesday while oil prices advanced, extending a rally as the improved state of US-China trade boosts the economic outlook. Both the S&P 500 and Nasdaq finished solidly higher following benign US inflation data while the Dow retreated after weakness in UnitedHealth Group shares.Markets continued to cheer the US-China announcement Monday of …
US stocks mostly rise on better inflation data while dollar retreats Read More »
Canada’s new government will relentlessly protect the nation’s sovereignty as it works to redefine fraught relations with the United States, Prime Minister Mark Carney said Tuesday as his cabinet was sworn in. Carney’s election win two weeks ago was largely defined by threats from President Donald Trump, whose trade war and repeated talk of annexing …
Carney says new govt will ‘relentlessly’ protect Canada sovereignty Read More »
Canadian Prime Minister Mark Carney on Tuesday unveiled his new cabinet that will be charged with redefining the country’s relationship with the United States as it confronts President Donald Trump’s trade war.Two weeks after his Liberal Party won a general election, capping one of the most dramatic comebacks in Canada’s political history, Carney’s cabinet was …
Japan’s Nissan posted an annual net loss of $4.5 billion on Tuesday while saying it plans to cut 15 percent of its global workforce and warning about the possible impact of US tariffs.The heavily indebted carmaker, whose mooted merger with Honda collapsed this year, is slashing production as part of its expensive business turnaround plan.”Nissan …
Nissan posts $4.5 bn annual net loss, to cut 20,000 jobs Read More »
Japanese tech investor SoftBank Group, a major player in the US Stargate artificial intelligence drive, on Tuesday posted a $7.8 billion annual net profit, its first in the black for four years.Global market rallies were a boon to SoftBank, which reaped gains from its investments in the likes of Chinese e-commerce giant Alibaba and US …
Japan’s SoftBank posts $7.8 bn annual net profit Read More »
Japan’s Honda Motor on Tuesday forecast a 70 percent drop in net profit for the 2025-26 financial year as US trade tariffs weigh on the global auto industry.The announcement comes after rival Toyota, the world’s top-selling carmaker, predicted a 35 percent year-on-year drop in annual net profit because of the levies and other factors.Honda said …
Honda forecasts 70% net profit drop citing ‘tariff impact’ Read More »
Most Asian stocks extended gains Tuesday as investors continued to bask in the glow of the China-US tariff suspension that has fuelled hopes the world’s two economic superpowers will step back from a punishing trade war.Equity markets across the world rallied with oil and the dollar Monday after the two sides said they would slash …
Most Asian markets extend rally in glow of China-US truce Read More »
The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a “total reset” as he said talks with counterpart Xi Jinping could soon follow.After the first meetings between Washington and Beijing since Trump ratcheted up his trade war, the world’s two biggest …
US, China agree to slash tariffs as Trump says will speak to Xi Read More »
Stock markets, the dollar and oil prices all rallied Monday after the United States and China declared a 90-day truce in their trade war.Wall Street’s main stock indices jumped at the start of trading and held steady much of the day before finishing with a flourish. The broad-based S&P 500 ended up 3.3 percent.”Stocks are …
