By Renju Jose SYDNEY (Reuters) – Australia on Thursday declined Beijing’s proposal to work together to counter U.S. tariffs, saying instead it would continue to diversify its trade and lower its reliance on China, its largest trading partner. “We are not going to be holding hands with China in respect of any contest that is …
Australia turns down China’s offer to ‘join hands’ to fight US tariffs Read More »
By Ben Blanchard and Wen-Yee Lee TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence. Revenue for January-March came in at T$839.3 billion ($25.6 billion), Taiwan Semiconductor Manufacturing Co said in a brief statement. That …
TSMC’s first-quarter revenue surges 42%, slightly ahead of forecasts Read More »
TAIPEI (Reuters) – Taiwan’s exports rose more than expected in March to a record level as customers placed orders ahead of expectations of U.S. tariffs, with uncertainty over global trade policy clouding the outlook. Exports jumped 18.6% from the same month a year ago to $45.97 billion, the finance ministry said on Thursday, topping a …
Taiwan March exports hit monthly record ahead of Trump tariffs Read More »
BEIJING (Reuters) – Chinese electric vehicle maker Leapmotor said on Thursday that it would offer free smart driving software on models with driver assistance features. This would include free highway navigation assist pilot, a company statement said. The automaker will provide refunds before May 31 to users who have already paid for navigation assist functions. …
China’s Leapmotor offers free smart driving software Read More »
By Danial Azhar KUALA LUMPUR (Reuters) -Planned U.S. tariffs could reduce Indonesia’s potential growth by 0.3 to 0.5 percentage points, but a 90-day pause in implementing the levies allows time to discuss solutions, Indonesia’s finance minister told Reuters on Thursday. Minister Sri Mulyani Indrawati said Indonesia welcomes the 90-day pause as it provides an opportunity to …
US tariffs may cut Indonesia growth by up to 0.5 percentage points, minister says Read More »
By David Shepardson and Dawn Chmielewski WASHINGTON (Reuters) – President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still “on the table” days after it was put on hold. Several U.S. Senators have criticized the proposed deal, but Trump defended it. “We have a deal with …
TOKYO (Reuters) – Alphabet’s self-driving unit Waymo said on Thursday it will start collecting data in Tokyo with test rides operated by human drivers next week, marking the first time the company will be using its cars on public roads outside the United States. The California-based autonomous driving company will deploy 25 driver-operated electric Jaguar …
Waymo to begin data collection in Tokyo with driver-operated test rides Read More »
KUALA LUMPUR (Reuters) -Southeast Asian countries are pressing for dialogue with the United States on trade tariffs and will not impose retaliatory measures, economic ministers of the regional bloc ASEAN said on Thursday. Before a 90-day pause was announced by U.S. President Donald Trump on the implementation of U.S. tariffs, six of nine Southeast Asian …
ASEAN bloc seeks dialogue with US on tariffs but won’t retaliate Read More »
HONG KONG (Reuters) -U.S. investment bank Goldman Sachs lowered its forecasts for China’s GDP growth to 4% in 2025 and 3.5% in 2026 in a report published on Thursday, from 4.5% and 4.0% previously, citing the effects of tariffs. Goldman Sachs made the revision for the world’s No. 2 economy and second biggest provider of …
Goldman Sachs cuts China GDP growth forecasts citing tariff impact Read More »
By Makiko Yamazaki TOKYO (Reuters) -The Japanese government on Thursday nominated Kazuyuki Masu, a former chief financial officer of trading house Mitsubishi Corp, to join the central bank’s board, an appointment that could make its policy panel less dovish. Masu would replace former Hitachi executive Toyoaki Nakamura, seen as among the most dovish members of …
Japan nominates former trading firm executive Masu to BOJ board Read More »
