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 »
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 …
Pakistan stocks surged Monday with the benchmark index nine percent higher after a weekend ceasefire agreement with neighbour India following days of confict. The benchmark KSE-100 Index opened at 117,104.11 points, up 9,929.48 points, or 9.26 percent, prompting an hour-long trading suspension because limits had been reached.”Today’s sharp surge in the stock market stems from a …
Pakistan stocks surge after ceasefire with India Read More »
Business is booming at Japanese discount chain Don Quijote, which sells everything from nostril-hair wax to compact gadgets and colourful party costumes, thanks to its cult status among tourists but also inflation at home.At a large Don Quijote store in Tokyo’s bustling Shibuya district, hundreds of tourists rush to fill their baskets with snacks and …
‘Treasure hunt’: tourists boost sales at Japan’s Don Quijote stores Read More »
