Japanese inflation spiked to a two-year high in April, data showed Friday, as rice prices almost doubled, turning focus on the central bank as it mulls more interest rate hikes amid the Trump administration’s trade war.The uptick heaps pressure on Japan’s Prime Minister Shigeru Ishiba ahead of July’s elections and after a minister was forced …
Japan core inflation tops forecasts as rice prices almost double Read More »
Japan’s Prime Minister Shigeru Ishiba said Friday that he had again pressed US President Donald Trump on tariffs, in a phone call ahead of fresh talks on easing the levies.Japan, a key US ally and its biggest investor, is subject to the same 10 percent baseline tariffs imposed on most nations plus steeper levies on …
Japan PM presses Trump on tariffs ahead of new talks Read More »
Southeast Asian leaders will express deep concern over US President Donald Trump’s tariff blitz when they meet at a summit Monday, warning that the unilateral move posed huge challenges to economic growth and stability in the region, according to a draft statement seen by AFP. Trump’s tariffs has roiled global markets and upended international commerce, and …
US tariff tensions test Southeast Asian leaders at regional summit Read More »
US President Donald Trump hosted a closed-door dinner for hundreds of top investors in his crypto memecoin Thursday, as sign-holding protesters outside and Democratic opponents decried the event as blatant “corruption.”The unprecedented melding of US presidential power and personal business took place at Trump’s golf club outside Washington, where Trump flew by helicopter to meet …
Trump attends memecoin gala as protesters slam ‘crypto corruption’ Read More »
Asian equities stabilised Friday following the previous day’s US bond-fuelled sell-off with traders tracking a slight pullback in Treasury yields as Donald Trump’s signature tax-cutting budget passed a key congressional vote.Worries about the US budget deficit have returned to the fore this week after Moody’s removed its top-tier credit rating and the president pushed ahead …
Asian stocks bounce back after Treasury-led sell-off Read More »
Global equities were sluggish Thursday as US Treasury bond yields moderated following House passage of President Donald Trump’s mammoth tax cut legislation.A spike on Wednesday in yields on 10- and 30-year US bonds sent stocks sharply lower amid revived worries about a sell-off in US assets comparable to one earlier this spring before Trump retreated …
Stock markets sluggish as Trump tax cuts clear House Read More »
Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the company as Chinese firms shift resources towards home-grown technology against a bleak international trade backdrop.Xiaomi, which sells goods from smartphones to vacuum cleaners and electric vehicles (EVs), is one of China’s most prominent consumer electronics firms.With the XRING …
Xiaomi launches new advanced in-house mobile chip Read More »
As Japan’s biggest defence exhibition kicked off this week, visitors got a close-up look at a model of its futuristic “railgun” that its makers hope will be able to shoot down hypersonic missiles.Instead of gunpowder, railgun technology uses electromagnetic energy to fire a projectile along a set of rails at ultra-high velocity.The round will then …
Japan shows off futuristic ‘railgun’ at defence expo Read More »
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 »
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 »
