Asia Business

Global stock markets mostly slipped Wednesday as investors readied for an announcement on auto tariffs from US President Donald Trump. In New York, all three major indices closed lower, while the CBOE Volatility Index — Wall Street’s so-called “fear gauge” — jumped seven percent, reflecting market jitters.”It’s the continuation of worries regarding the tariffs and the …

Global stocks drop ahead of Trump auto tariff announcement Read More »

Tesla, the Elon Musk-run auto company, has had a turbulent time recently, fueled by its chief executive’s close ties to Donald Trump and increased electric vehicle competition.The mounting issues have sent the company’s share price tumbling in recent weeks. Here are some of the biggest challenges it faces: – Pole position under threat -Gone are the …

Tesla troubles: Speed bump or early signs of impending crash? Read More »

Teach giant Apple announced on Wednesday the iPhone 16 will be available in Indonesia from next month, indicating the sales ban in Southeast Asia’s biggest economy had been lifted.The government in October prohibited the marketing and sale of the model over the US tech titan’s failure to meet regulation requiring 40 percent of phones be …

Apple says Indonesia iPhone sales ban ends in April Read More »

Chinese drinks company Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest food and beverage chain, reported a spike in profits on Wednesday as it laid out further expansion plans.The results came after Mixue raised $444 million in a bumper Hong Kong listing, with the stock jumping more …

China drinks chain Mixue profits spike 40% in 2024 Read More »

Brazil’s President Luiz Inacio Lula da Silva said Wednesday that he expects talks between South America’s Mercosur bloc and Japan on a trade deal to begin in the second half of the year.”I expect to launch negotiations for an agreement with Japan during Brazil’s presidency of Mercosur the next semester,” Lula told reporters in a …

Lula says Mercosur, Japan to discuss trade deal Read More »

The United States added dozens of entities to a trade blacklist Tuesday, its Commerce Department said, in part to disrupt Beijing’s artificial intelligence and advanced computing capabilities.The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the department citing their “activities contrary to US national security and foreign policy.”Those …

US imposes trade restrictions on dozens of entities with eye on China Read More »

Lingering hopes that Donald Trump’s planned tariff blitz next week will not be as painful as feared helped lift Asian markets Wednesday, though uncertainty about the president’s policies and the US economy tempered optimism.With the White House’s “Liberation Day” on April 2 approaching, investors have been bracing for a wave of sweeping levies on imports …

Asian stocks rise on trade optimism, but US policy uncertainty lingers Read More »

A US federal judge on Tuesday set a trial date of June 23 in the Justice Department’s criminal case against aircraft manufacturing giant Boeing over two deadly 737 MAX crashes in 2018 and 2019.In two court filings in Texas, Judge Reed O’Connor said he was vacating an April 11 deadline for Boeing and prosecutors to announce …

US judge sets June 23 trial date over Boeing crashes Read More »

Global equities eked out some gains Tuesday with Wall Street largely advancing while European stocks made modest progress as concerns eased over upcoming tariffs from US President Donald Trump.The Dow closed little-changed while the broad-based S&P 500 and tech-heavy Nasdaq ended the day slightly higher following a rally fueled by technology stocks the previous day.Europe …

Stocks edge out gains as fears ease over next Trump tariffs Read More »

Australia’s left-leaning government will cut income tax, slash student debt and hasten defence spending under an annual budget released Tuesday, courting voters as it readies to fight a tight general election.The Labor government — due to announce the election date by the end of the week — booked a spending deficit of US$17 billion as …

Australia unveils tax cuts in pre-election budget Read More »