China is prepared to take measures and has a “plentiful” toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a “very severe and complex situation”.Growth hit 5.2 percent in the second quarter, official data showed Tuesday, but analysts have warned that …
China mulls economy-boosting measures to counter ‘severe situation’ Read More »
Asian markets headed into the weekend on a broadly positive note Friday, as investors took up New York’s latest record highs sparked by healthy US retail data and upbeat earnings from some of Wall Street’s big names.The readings helped divert attention away from Donald Trump’s tariffs saga, with dozens of countries yet to cut deals …
Asian markets on course to end week on a positive note Read More »
Rice prices in Japan soared 99.2 percent in June year-on-year, official data showed Friday, piling further pressure on Prime Minister Shigeru Ishiba ahead of elections this weekend.Public support for Ishiba’s administration has tumbled to its lowest level since he took office last year, partly because of frustration over the cost of living.One of the main …
Japan rice prices double, raising pressure on PM Read More »
Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan’s economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.As part of a campaign against friend and foe, the US president has threatened 25 percent tariffs on imports of Japanese goods …
The big-screen success of 1990s video game speedster “Sonic the Hedgehog” has brought new fans to Japan’s Sega, which says it is poised for a comeback after two tough decades.This year all eyes have been on Nintendo, whose Switch 2 recently became the fastest-selling console in history.But unlike its former arch-rival, Sega has not sold …
Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve.Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with the latest being letters …
Asian stocks struggle as traders eye Fed saga, trade war Read More »
Wall Street stocks finished higher Wednesday, overcoming a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell.Major equity indices had moved suddenly negative following reports that a dismissal could be imminent, but they recovered quickly once Trump ruled out firing Powell — for now.Trump, who has bitterly attacked …
US stocks finish higher as markets gyrate on Powell firing fears Read More »
At a leather boot shop in the Indonesian city of Bandung, workers handle an order from Texas but owner Etnawati Melani says she fears such business will dwindle when Donald Trump’s tariffs hit exports.The United States is Indonesia’s biggest market for footwear exports and the American president announced Tuesday he would impose a 19 percent …
Indonesian shoemakers fear Trump tariffs despite lower levy Read More »
Indonesia’s president on Wednesday hailed a “new era” of trade relations with the United States, after Donald Trump said he would slash tariffs faced by Southeast Asia’s biggest economy from 32 percent to 19 percent.The Trump administration has been under pressure to wrap up trade pacts after promising a flurry of deals, as countries sought …
Indonesia hails ‘new era’ with US after Trump trade pact Read More »
Nvidia CEO Jensen Huang said on Wednesday his firm was “doing our best” to serve China’s vast market for semiconductors after it secured permission from the United States to sell chips to the world’s second-largest economy.Nvidia last week became the first company to hit $4 trillion in market value — a new milestone in Wall Street’s …
Nvidia’s Huang says ‘doing our best’ to serve Chinese market Read More »
