By Jonathan Saul and Renee Maltezou LONDON/ATHENS (Reuters) – President Donald Trump’s administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources. Among the changes under consideration are delayed implementation and new …
(This April 8 story has been corrected to fix the share repurchase amount to 2 trillion yen, not $2 billion, in paragraph 6) By Anton Bridge TOKYO (Reuters) – Japanese retailer Seven & i Holdings is set to record a 24% drop in quarterly profit on Wednesday as underperformance of its convenience store business hampers …
Japan’s Seven & i seen booking 24% fall in Q4 profit, adding to takeover pressure Read More »
By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said the central bank must scrutinise “without preconception” whether the economy is on track to meet its projection, suggesting the chance of a pause in interest rate hikes as U.S. tariffs jolt markets. While still below the central bank’s 2% target, Japan’s underlying …
BOJ sticks to rate-hike stance but signals pause on US tariff risks Read More »
By Jihoon Lee and Heekyong Yang SEOUL (Reuters) -South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump’s tariffs on a sector that has seen years of sharply rising exports to the United States. The measures include financial support for the auto industry …
South Korea announces emergency measures for auto industry hit by US tariffs Read More »
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Wednesday the central bank will continue to raise interest rates if the economy keeps recovering, but will scrutinise “without pre-conception” whether its economic forecasts materialise. “The economy and prices are moving roughly in line with our forecasts made in our quarterly report. But we …
BOJ’s Ueda sticks to rate-hike stance but signals focus on risks Read More »
By Rocky Swift TOKYO (Reuters) – The operator of Uniqlo, Japan’s Fast Retailing, is expected to post another quarter of strong earnings on Thursday, but the focus will be on how the global clothing chain navigates a trade environment thrown into disarray by new U.S. tariffs. Fast Retailing is expected to post a 14% rise …
Uniqlo operator Fast Retailing seen posting 14% jump in Q2 profit as tariffs loom Read More »
SEOUL (Reuters) -South Korean battery maker Samsung SDI, is cutting by 14% the price of new shares it will sell to raise 2 trillion won ($1.4 billion), as the global markets’ selloff triggered by U.S. tariff fears hit corporate deals across Asia. Samsung SDI indicated on Wednesday it plans to sell its new shares at …
Samsung SDI cuts share sale price, as shaky global markets hit Asian deals Read More »
By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist U.S. stocks slide, yields spike as Trump holds China tariff line A strong relief rally across Asian and European stocks on Tuesday fizzled out in U.S. trading, and Wall Street closed sharply lower …
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan’s national carrier has posted an annual profit for the first time in more than two decades ahead of a second attempt by the government to sell the airline, the country’s defence minister said. The disclosure was made at a Pakistan International Airlines (PIA) board meeting, the minister said late …
Pakistan’s national airline posts first annual profit in two decades Read More »
KUALA LUMPUR (Reuters) – The 24% tariff rate imposed by the United States on Malaysian exports could affect growth although policies already in place will help to mitigate the impact, Malaysia’s central bank governor told Bloomberg Television on Wednesday. Malaysian exports could be impacted by the tariffs, but the economy is diversified with the service …
Malaysia cbank says U.S. tariffs will have impact but economy is diversified Read More »
