Reuters Asia Business

(Reuters) – Countries across the world, including some of America’s closest allies, condemned President Donald Trump’s announcement of reciprocal tariffs and some pledged counter-measures while hoping the White House would be open to negotiations. China urged the United States to immediately cancel its latest tariffs and vowed to safeguard its own interests, threatening to spiral …

World leaders condemn Trump’s tariffs, some pledge retaliation Read More »

TOKYO (Reuters) -Japanese government bond (JGB) yields tanked on Thursday, as bets for the Bank of Japan’s early interest rate hikes retreated as U.S tariffs stoked worries about the slowdown of the global economy. The 10-year JGB yield fell as much as 13 basis points to 1.34% earlier in the session to hit its lowest …

JGB yields slump as US tariffs lower BOJ’s rate-hike bets Read More »

By Kanishka Singh WASHINGTON (Reuters) -U.S. Council of Economic Advisers Chair Stephen Miran told Fox Business on Wednesday that there will be short-term bumps caused by tariffs announced by Washington, while Treasury Secretary Scott Bessent urged other countries not to retaliate. WHY IT’S IMPORTANT President Donald Trump said on Wednesday that he would impose a …

Tariffs to cause ‘short-term bumps,’ Trump economic adviser tells Fox Business Read More »

WASHINGTON (Reuters) – U.S. President Donald Trump smashed a more than 75-year-old global trading system with a new baseline 10% U.S. tariff on goods from all countries and higher reciprocal tariff rates for countries that his administration says have high barriers to U.S. imports. Here’s a look at some of the new tariff regime’s key …

What’s in Trump’s sweeping new reciprocal tariff regime Read More »

SEOUL (Reuters) -Jose Munoz, co-CEO of Hyundai Motor, said on Thursday there were no plans to raise prices in the United States at this time in response to U.S. tariffs. “We have seen the tariff announcement and we are evaluating the impact,” Munoz said at an auto show in South Korea. “There are no plans …

Hyundai Motor says no plan for price hikes in US for now Read More »

By Jamie McGeever ORLANDO, Florida (Reuters) – TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  New reality about to dawn U.S. markets on Wednesday were determined to put on a brave face ahead of U.S. President Donald Trump’s announcement of sweeping tariffs that will escalate a global trade …

Trading Day: T-Day arrives, markets rise Read More »

SEOUL (Reuters) -The head of South Korea’s financial watchdog said on Wednesday he had offered to resign, a day after the acting president vetoed a revised Commercial Act that would broadened the duty of corporate board members to act in the interests of all shareholders. Financial Supervisory Service (FSS) Governor Lee Bok-hyun had said the …

South Korea financial watchdog chief offers to resign after veto on shareholder interests Read More »