By Casey Hall and Sophie Yu SHANGHAI (Reuters) -New Disney movie Thunderbolts* is poised to test Chinese appetite for Hollywood blockbusters as it opens in cinemas around China on Wednesday, making it the first American film to hit movie theatres in the country since a new trade war began. The film, a part of the …
Marvel’s ‘Thunderbolts*’ to test Chinese appetite for Hollywood as trade war rages Read More »
By Hyunjoo Jin, Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korean technology giant Samsung Electronics warned on Wednesday U.S. tariffs could cut demand for products such as smartphones, making it difficult to predict future performance. Samsung said it expected its semiconductor business to encounter greater uncertainties throughout the year, while its smartphone shipments faced …
Samsung says trade turmoil raises chip business volatilities, may hit phone demand Read More »
TOKYO (Reuters) -Kansai Electric Power, Japan’s biggest nuclear power utility, posted 420.4 billion yen ($2.94 billion) in net profit for the fiscal year ended in March, down 5% year-on-year, it said on Wednesday, beating analysts forecasts. A LSEG poll of analysts had forecast Kansai Electric’s FY 2025 net profit at 380 billion yen. The company …
Kansai Electric annual profit falls 5%, beats forecasts Read More »
By Heekyong Yang SEOUL (Reuters) -South Korean industrial tools maker DN Solutions said on Wednesday it had dropped a plan for an initial public offering worth up to 1.6 trillion won ($1.12 billion), citing difficulties in getting a proper valuation due to major uncertainties in financial markets at home and abroad. This scuppers what could …
South Korea’s DN Solutions scraps IPO plan amid tariff turmoil Read More »
By Chen Aizhu and Trixie Yap SINGAPORE (Reuters) -China’s used cooking oil (UCO) exports to the United States, its largest buyer, are set to plunge in coming months due to steep tariffs, forcing sellers to divert shipments to Europe and elsewhere, industry players said. With Trump administration is now charging 125% import tariff on Chinese …
China pivots to Europe for used cooking oil exports as tariffs hit shipments to US Read More »
STOCKHOLM (Reuters) – Under pressure from U.S. President Donald Trump’s tariffs, Volvo Cars’ new CEO Hakan Samuelsson is juggling the task of working with Chinese majority owner Geely to cut costs with attempting to keep selling cars to U.S consumers. European carmakers in general are increasingly struggling to balance the demands of divergent markets. Despite …
Analysis-Troubled by Trump’s tariffs, Volvo Cars’ new CEO turns to Chinese owner Geely Read More »
By Joe Cash BEIJING (Reuters) -China is leveraging its propaganda machine to hit back at U.S. tariffs, rolling out videos using Cold War imagery to lambaste “imperialists” and send a simple message – capitulation to bullies is dangerous, and we won’t back down. Beijing has made little effort to contain its anger at the tariffs, …
‘Never kneel’: China taps Korean War and AI memes to hit back at Trump Read More »
HONG KONG (Reuters) -Hong Kong’s bourse operator on Wednesday posted a 37% jump in first quarter profit to record its best ever quarterly performance, helped by a sharp increase in securities trading and listing activities in the Asian financial hub. The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) rose to …
Hong Kong exchange posts 37% rise to record Q1 profit as trading soars Read More »
By Joe Cash BEIJING (Reuters) -China’s factory activity contracted at the fastest pace in 16 months in April, a factory survey showed on Wednesday, keeping alive calls for further stimulus as Donald Trump’s “Liberation Day” package of tariffs snapped two months of recovery. The reading contrasts with Chinese officials’ conviction that the world’s second-largest economy …
China’s factory activity falls sharply as Trump tariffs bite Read More »
By Naomi Rovnick LONDON (Reuters) -Investors who rushed out of Wall Street during a month of U.S. policy shocks that raised European growth risks are turning their attention to niche markets such as Latin American currencies and gold mining stocks in a new bid to out-run trade angst. After President Donald Trump’s April 2 Liberation …
Analysis-Investors seek new tariff-proof market niches as Wall St chaos hits Europe Read More »
