By Eric Onstad LA ROCHELLE, France (Reuters) – Europe will probably be able to produce only a small portion of rare earths it needs for electric vehicles and wind turbines by 2030, mainly due to cheap competition from dominant producer China, a consultant said on Tuesday. Europe and the U.S. have been scrambling in recent …
Europe seen struggling to compete with China on rare earths Read More »
By Krystal Hu, Anna Tong and Kenrick Cai SAN FRANCISCO – Venture capital firm Andreessen Horowitz is seeking to raise about $20 billion in what will be the largest fund in its history, to capitalize on global investors’ interest in backing U.S. artificial intelligence companies, sources told Reuters. The tech investment firm, known informally as …
(Reuters) – Donald Trump’s sweeping new tariffs on U.S. imports have targeted countries across the world in the most serious blow to the global trading system in decades. They have prompted both retaliatory measures and efforts to negotiate a de-escalation. Here is how the United States’ top 15 trading partners have reacted so far: EUROPEAN …
Factbox-How top US trading partners have reacted to Trump tariffs Read More »
By Stefanno Sulaiman and Ananda Teresia JAKARTA (Reuters) -Indonesia announced a raft of concessions on U.S. imports Tuesday, including reducing taxes on electronic goods and steel, ahead of trade negotiations with Washington over President Donald Trump’s sweeping tariffs. Southeast Asia’s biggest economy will send a high-level delegation to the United States next week in hopes …
Indonesia announces trade concessions for US ahead of talks Read More »
TAIPEI (Reuters) – Taiwan authorised the activation of its $15 billion stock stabilisation fund on Tuesday to prop up the market after two days of sharp falls in reaction to U.S. President Donald Trump’s new import tariffs. Trump last week announced that Taiwan, which runs a large trade surplus with the United States, will get …
Taiwan activates $15 billion stock stabilisation fund after precipitous falls Read More »
By Laurie Chen, Kevin Yao and David Kirton BEIJING/SHENZHEN (Reuters) – Beijing, feeling boxed into a corner by the United States’ intensifying tariff assault on China and any country that buys or assembles Chinese goods, is bracing for an economic war of attrition. Washington last week imposed import tariffs of at least 10% on almost …
Analysis-Limited options push China into trade ‘war of attrition’ with Trump Read More »
By Ariba Shahid KARACHI (Reuters) – Barrick Gold’s Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in financing from international lenders, with term sheets signed by early Q3, its project director for the mine told Reuters on Tuesday. The funding will support the development of the Reko …
Barrick’s Reko Diq project in Pakistan aims new financing Read More »
By Stefanno Sulaiman JAKARTA (Reuters) -Indonesia’s stock market sank and the rupiah fell to a record low on Tuesday as markets reopened after an extended holiday break and reacted to global market turmoil caused by U.S. tariffs. Trying to assuage concerns, President Prabowo Subianto held a gathering with business executives, during which his administration announced …
Indonesian markets feel whiplash of US tariffs after holiday break Read More »
BEIJING (Reuters) – Citi cut China’s GDP growth forecast to 4.2% from 4.7% for 2025, citing rising external risks. Citi said in a note that high tariffs could drag China’s growth further by at least 1.5 percentage points on an annualised basis, with an extra impact of about 0.6 percentage points in 2025. It also …
Citi cuts China GDP growth forecast to 4.2% from 4.7% for 2025 Read More »
By Miho Uranaka and Anton Bridge TOKYO (Reuters) -Three Japanese companies have postponed the sale of 100 billion yen ($678.43 million) worth of yen-denominated bonds in the wake of global financial market volatility induced by U.S. tariff announcements, according to a source and the companies. Japan’s largest beer maker, Asahi, was due to issue 50 …
Japan debt deals pulled as tariffs hit deals outlook across Asia Read More »
