TOKYO (Reuters) -Sony said it will hike the price of its PlayStation 5 (PS5) console in markets in Europe, Britain, Australia and New Zealand, citing high inflation and fluctuating exchange rates. The Japanese technology and entertainment conglomerate is raising the cost of a PS5 without a disc drive by 11% to 499.99 euros ($569.59) from …
BEIJING/WASHINGTON (Reuters) -China has put civilian government officials in Beijing on “wartime footing” and ordered a diplomatic charm offensive aimed at encouraging other countries to push back against U.S. President Donald Trump’s tariffs, according to four people familiar with the matter. Communist Party propaganda officials have played a leading role in framing China’s response, one …
How China went from courting Trump to ‘never yield’ tariff defiance Read More »
By Colleen Howe BEIJING (Reuters) -China plans to keep building coal-fired power plants through 2027 in regions where they are needed to meet peak power demand or stabilise the grid, according to government guidelines for upgrading the coal power system released on Monday. That policy may raise questions about China’s commitment to phasing down coal …
China to keep building coal plants through 2027, state planner says Read More »
By Xiuhao Chen and Ryan Woo BEIJING (Reuters) – China’s exports rose sharply in March after factories rushed out shipments before the latest U.S. tariffs took effect, but an escalating Sino-U.S. trade war has darkened the outlook for factories and growth in the world’s second-biggest economy. U.S. President Donald Trump has ratcheted up tariffs on …
China’s March exports jump in temporary boost as Trump 2.0 heaps pressure Read More »
(Reuters) – Shares of Singapore-listed Hotel Properties touched a one-week high on Monday after its billionaire founder embroiled in a scandal involving a former transport minister stepped down as the firm’s managing director. Ong Beng Seng, the septuagenarian founder and rights holder to the Singapore Grand Prix Formula One race, is accused of giving high-value …
Hotel Properties jumps after billionaire founder steps down amid scandal Read More »
BANGKOK (Reuters) – Thailand’s lower-than-expected March inflation rate was mainly due to lower energy prices and government policies to alleviate cost of living pressures, the commerce ministry said on Monday, and did not reflect a slowdown in economic activity. It added that slower global growth could weigh on prices. A global economic slowdown brought on …
Lower Thai inflation reflects energy and policy measures, ministry says Read More »
By Leika Kihara and Satoshi Sugiyama TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Monday his country does not plan to make big concessions and won’t rush to reach a deal in upcoming tariff negotiations with U.S. President Donald Trump’s administration. Japan, a long-time U.S. ally, has been hit with 24% levies on its …
Japan says no plan for big concessions in talks on US tariffs Read More »
JAKARTA (Reuters) -Senior Indonesian ministers will travel to Washington to present their U.S. counterparts with offers of significantly increased U.S. imports and investment proposals as part of their negotiations to avoid hefty U.S. tariffs. Chief economic minister Airlangga Hartarto, Finance Minister Sri Mulyani Indrawati and Foreign Ministry officials will lead a delegation for negotiations after …
Indonesia to offer to increase U.S. imports to help trade talks, official says Read More »
TOKYO (Reuters) -Japan’s Nikkei share average ended higher on Monday, as iPhone-related shares jumped after the United States excluded smartphones and other electronics from steep tariffs. The Nikkei gained 1.18% to close at 33,982.36, after gaining as much as 2.22% earlier in the session. The broader Topix rose 0.88% to end at 2,488.51. “The market …
Japan’s Nikkei rises as iPhone-related stocks jump Read More »
BANGKOK (Reuters) – Thailand’s finance and commerce ministers will lead a delegation to the United States to meet Trump administration officials and push for relief from planned heavy tariffs, a government spokesperson said on Monday. An advance team led by Finance Minister Pichai Chunhavajira will travel to the United States on Thursday for meetings with …
Thailand says to discuss tariffs with United States on April 21 Read More »
