By Andrea Shalal, Emma Farge, Olivia Le Poidevin and Lisa Baertlein WASHINGTON (Reuters) -Global stock markets surged on Monday after the U.S. and China agreed to slash steep tariffs for at least 90 days, tapping the brakes on a trade war between the world’s two biggest economies that had fed fears of a global recession. …
Global stocks rally after US, China pause tariff war, but uncertainty remains Read More »
SINGAPORE (Reuters) -BDx Data Centers said on Tuesday that it has secured project financing from infrastructure credit firm Clifford Capital, Singapore’s United Overseas Bank and Japan’s Sumitomo Mitsui Banking Corporation for the development of its first hyperscale data centre in Hong Kong. The Asia-Pacific data centre operator said in a statement that the loan marks …
BDx secures financing for data centre expansion in Hong Kong Read More »
BRASILIA (Reuters) -Brazil’s central bank said Monday it will sign a currency swap agreement with the People’s Bank of China, with a maximum outstanding value of 157 billion reais ($27.69 billion) and a five-year term. The agreement, to be signed on Tuesday in Beijing during Brazilian central bank governor Gabriel Galipolo’s visit to China, aims …
Brazil central bank to sign currency swap deal with China’s PBOC Read More »
By Rachel More and Lisa Baertlein BERLIN/LOS ANGELES (Reuters) -The container shipping industry on Monday welcomed an agreement between the United States and China to temporarily slash punishing tariffs, saying it expected to be buoyed by a resulting recovery in bookings from China to the U.S. The United States will cut extra tariffs it imposed …
Container shippers win China-US tariff reprieve, await volume rebound Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Movin’ on up Relief and optimism coursed through world markets on Monday, putting a fire under stocks, the dollar and bond yields as U.S.-China tariff talks struck a surprisingly cooperative chord and raised …
Trading Day: Tariff truce a market ‘game changer’ Read More »
By Helen Reid LONDON (Reuters) – An agreement between the United States and China to temporarily slash tariffs stopped short of reinstating the U.S. “de minimis” duty exemption for ecommerce packages from China, but still gives online retailers like Shein and Temu a window to adapt their businesses. The Chinese firms, which have taken market …
US-China trade reprieve buys Shein and Temu time to restock US inventory Read More »
By Ariba Shahid and Charlotte Greenfield KARACHI/ISLAMABAD (Reuters) -The recent military escalation with arch-rival India won’t have a large fiscal impact on Pakistan and can be managed within the current fiscal space, with no need for a new economic assessment, Pakistan’s Finance Minister said in an interview with Reuters on Monday. Trade talks with the …
Pakistan finance minister: conflict with India won’t have large fiscal impact Read More »
LONDON (Reuters) – Investment bank JPMorgan lifted its forecasts for China’s economic growth on Monday following what it called a “surprisingly positive” deal with the United States to dial down the two countries’ trade war. The U.S. will cut extra tariffs it imposed on Chinese imports in April to 30% from 145%, while Chinese duties …
JPMorgan lifts China growth forecasts after ‘surprisingly positive’ US deal Read More »
PRAGUE (Reuters) -The European Commission has asked the Czech Republic to postpone signing a contract with South Korea’s KHNP worth at least $18 billion to build new nuclear power blocks as it investigates the use of foreign subsidies, an EC spokesperson said on Monday. After a complaint from losing bidder EDF of France, the request …
European Commission adds to Czech worries over nuclear power plant contract Read More »
By Deborah Mary Sophia and Marie Mannes (Reuters) -Polestar will focus more on profitable Europe rather than the U.S and China, the company’s CEO said on Monday, as the Swedish EV maker seeks to pull itself out of chronic losses and mounting debt. Grappling with a cash crunch amid a broad slowdown in EV demand …
Polestar leans on ‘home market’ Europe to revive business; posts smaller Q1 loss Read More »
