By Kiyoshi Takenaka TOKYO (Reuters) – More than 90% of Japanese firms are disappointed with the performance of Prime Minister Shigeru Ishiba’s government with nearly a third favouring rival Sanae Takaichi as the best candidate to lead the country, a Reuters poll showed on Thursday. About 58% of respondents said they found the government’s track …
By Kaori Kaneko and Chang-Ran Kim TOKYO (Reuters) – When a severe rice shortage sent prices skyrocketing in Japan last year, Tokyo restaurant owner Arata Hirano did what had once seemed unthinkable: he switched to an American variety. The price of the Californian Calrose rice he buys has doubled since his first purchase last summer, …
Analysis-More Japanese embracing foreign rice, even before it became a tariff topic Read More »
By Arriana McLymore NEW YORK (Reuters) – Chinese online marketplace Temu and fast-fashion retailer Shein, two of the biggest advertisers on U.S. social media, are sharply cutting their U.S. digital ad spending, industry data show, in a blow to tech companies such as Meta’s Facebook and YouTube. The online retailers, both of which ship low-priced …
Temu, Shein slash digital ads as tariffs end cheap shipping from China, data show Read More »
SYDNEY (Reuters) -China’s Giant Biogene has raised about $301 million in a Hong Kong top up placement, according to a term sheet seen by Reuters. The company sold 35 million shares at HK$66.65, a 9.5% discount to Giant Biogene’s closing price on the Hong Kong Stock Exchange on Wednesday, the term sheet showed. The final …
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Tariffied once again The respite was too good to last, and sure enough, it didn’t. World stocks fell into a downward spiral on Wednesday led by tech losses after Washington said it is …
By Alvise Armellini and Alberto Chiumento ROME (Reuters) – Bialetti, inventor of the octagonal moka coffee pot hailed as an icon of Italian industrial design, has reached a deal with NUO Capital which will see the business sold and delisted, the two companies said on Wednesday. NUO Capital, registered in Luxembourg, is an investment vehicle …
Italian coffee pot maker Bialetti to be sold to Hong Kong’s NUO Capital Read More »
MILAN (Reuters) – Italian luxury outerwear group Moncler on Wednesday reported a stronger than expected 1% increase in revenue in the first quarter thanks mostly to direct-to-consumer sales and Asian demand. Revenues for the three months to the end of March totalled 829 million euros ($944 million), ahead of a company-provided analysts’ consensus of 817 …
Moncler’s first-quarter revenue beats expectations as Asian demand holds up Read More »
By Georgina McCartney HOUSTON (Reuters) – Oil prices rose nearly 2% on Wednesday to a two-week high on concerns about global supplies after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures settled up $1.18, or 1.8%, to $65.85 a barrel, while U.S. West Texas Intermediate crude ended $1.14, or 1.9%, …
Oil up 2% to a 2-week high as new US sanctions target Iran’s exports Read More »
(Reuters) -The Trump administration is weighing penalties that would block China’s DeepSeek from buying U.S. technology and is debating barring Americans’ access to its services, the New York Times reported on Wednesday. The launch of China’s low-cost AI model, DeepSeek, has rattled the AI ecosystem. The U.S. government has since taken steps to crack down …
US mulls penalties to block DeepSeek from buying American technology, NYT reports Read More »
By Andrea Shalal WASHINGTON (Reuters) -World Bank President Ajay Banga urged developing countries on Wednesday to liberalize trade, saying many maintained higher tariffs than advanced economies and lowering them could offset the risk of reciprocal import taxes. Banga told reporters that global uncertainty – triggered in recent months by U.S. tariffs and retaliatory measures announced …
World Bank’s Banga urges developing nations to lower tariffs, focus on regional trade Read More »
