Asia Business

Asian markets battled Tuesday to recover from the previous day’s tariff-fuelled collapse, though Donald Trump’s warning of more measures against China and Beijing’s vow to fight “to the end” raised concerns the trade war could worsen.Equities across the world have been hammered since the US president unveiled sweeping levies against friend and foe, upending trading …

Asian markets stage mild rebound but Trump tariff uncertainty reigns Read More »

China vowed on Tuesday to “fight to the end” against fresh tariffs of 50 percent threatened by US President Donald Trump, further aggravating a trade war that has already wiped trillions off global markets.Trump upended the world economy last week with sweeping tariffs that have raised the spectre of an international recession, but has ruled …

China vows ‘fight to the end’ as Trump warns 50% more tariffs Read More »

Spanish Prime Minister Pedro Sanchez aims to open new market opportunities during a visit to China and Vietnam this week on the heels of US President Donald Trump’s sweeping tariffs.The trip comes as the European Union rethinks its global trading relationships amid turmoil caused by the US import duties announced last week that have sent …

Spain PM heads to China, Vietnam as US tariff blitz bites Read More »

Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company’s proposed takeover of US Steel that was blocked by his predecessor Joe Biden.Trump said Monday he had directed a government panel, the Committee on Foreign Investment in the United States (CFIUS), to conduct a review of the acquisition.This will …

Nippon Steel shares soar as Trump reviews US Steel takeover Read More »

Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations.The firm is the flagship subsidiary of South Korean giant Samsung Group, by far the largest of the family-controlled conglomerates that dominate business in Asia’s fourth-largest economy.The tech giant …

Samsung forecast beats market expectations for first quarter Read More »

Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally’s Corporation.Star’s business — including casinos, bars, restaurants and hotels at resorts in Sydney, Brisbane and the Gold Coast — has been hovering close to entering administration for months.Bally’s has agreed to inject Aus$300 …

US giant to buy stake in cash-short Australian casino group Read More »

Honda’s executive vice president resigned on Monday over “an allegation of inappropriate conduct”, the Japanese automaker said.The incident occurred “during a social gathering outside of work hours”, Honda said in a statement without specifying what accusations were made against Shinji Aoyama, who is also the company’s director.”It is deeply regrettable that an individual positioned as …

Honda executive resigns over ‘inappropriate conduct’ Read More »

India’s Adani Group said on Monday it had opened an $800 million container terminal in Sri Lanka, right next to a similar facility operated by a Chinese company.The Adani development at Sri Lanka’s main seaport in Colombo is widely seen as a counter to the rival Chinese terminal and as a means for India to …

India’s Adani opens giant Sri Lanka container terminal Read More »

Asian equities collapsed on a black Monday for markets after China hammered the United States with its own hefty tariffs, ramping up a trade war many fear could spark a recession.Trading floors were overcome by a wave of selling as investors fled to the hills on the worst day for equities since the pandemic, with …

Equities savaged as China retaliation to Trump tariffs fans trade war Read More »

Panic selling gripped global markets on Monday, as US President Donald Trump refused to budge on his swingeing tariffs despite China retaliating and global recession warnings growing louder.Countries across the world have been scrambling to blunt the edge of the new US tariffs, but Beijing signalled it was taking the levies head on, escalating the …

Market panic deepens as China retaliates against Trump tariffs Read More »