Asian markets largely rose Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.US markets forged higher Thursday following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.Apple reported first-quarter profit above expectations but warned that US tariffs could cost the company …
Asian stocks gain after China teases US tariff talks Read More »
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.Apple expects US tariffs to cost $900 million in the current quarter, even though their impact was “limited” at the start of this year, chief executive Tim Cook said on an earnings call.Cook …
Apple expects $900 mn tariff hit, US iPhone supply shifts to India Read More »
The United States is set to end tariff exemptions on Friday for goods shipped from China worth less than $800, a move which could have significant ramifications on consumers’ purchasing habits. US President Donald Trump’s decision to ban the so-called “de minimis” exemption from May 2 could affect some 4 million shipments every day, according to …
US to end shipping loophole for Chinese goods Friday Read More »
Global stocks mostly rose Thursday with Wall Street forging higher following strong results from tech giants Microsoft and Meta that helped offset lingering economic worries.Several markets were shut in Europe and Asia for the May 1 holiday, including those in France, Germany, Hong Kong and mainland China.Among markets that were open, London was flat, while …
US stocks rise on Meta, Microsoft ahead of key labor data Read More »
Thu, 01 May 2025 20:46:29 GMT
The Bank of Japan revised down its growth forecasts and held interest rates steady on Thursday, warning that trade tariffs are fuelling global economic uncertainty.Kazuo Ueda, the central bank’s governor, said it was difficult to assess the impact of the sweeping levies imposed by US President Donald Trump and retaliatory measures by affected nations.”The level …
Tariffs prompt Bank of Japan to lower growth forecasts Read More »
United States officials have reached out to their Chinese counterparts for talks on vast tariffs that have hammered markets and global supply chains, a Beijing-backed outlet said on Thursday citing sources.Punishing US tariffs that have reached 145 percent on many Chinese products came into force in April, while Beijing has responded with fresh 125 percent …
US reaching out to China for tariff talks: Beijing state media Read More »
Rich in solar and wind power, and bulging in critical minerals for renewable energy technology, Australia touts itself as a leader in the race to net zero carbon emissions. But a political battle is being waged ahead of Saturday’s elections over whether to change Australia’s trajectory and add nuclear reactors to the mix for the first …
Japanese stocks rose Thursday as the central bank kept its key interest rates steady as expected, in thin trade with most Asian markets shut for the May 1 holiday.Japan’s main Nikkei 225 index and broader Topix index were up in morning trade, with the Bank of Japan holding interest rates steady amid uncertainty over US …
Global stocks rose for the most part Wednesday, digesting mixed economic data as more companies pull back from earnings forecasts amid uncertainty over US President Donald Trump’s fast-changing trade policy.Wall Street stocks opened sharply lower after government data showed the US economy shrank by an annual rate of 0.3 percent in the first quarter, amplifying …
Global stocks mostly rise following mixed economic data Read More »
