By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets on Wednesday will be looking to claw back Tuesday’s broad losses but will face headwinds from a sluggish performance on Wall Street, higher U.S. bond yields and persistent nervousness around escalating global trade tensions. In testimony to Congress, Fed …
Morning Bid: Tech pierces trade gloom, Softbank reports Read More »
By Eric Onstad LONDON (Reuters) -Prices of industrial metals in the U.S. extended gains on Tuesday, reflecting the impact of U.S. President Donald Trump’s 25% tariffs on steel and aluminium as industry will struggle to source enough domestic material. While the stated goal of the new tariffs is to aid struggling U.S. metal producers, it …
Trump’s tariffs lift US metals prices but underscore production struggles Read More »
By Michael Martina and Alexandra Alper WASHINGTON (Reuters) – Legislation to curb U.S. investment in China will be reintroduced in Congress, the chair of the House of Representatives’ select committee on China said on Tuesday, adding that the bill’s failure to pass into law last year was not due to opposition from billionaire Elon Musk. …
Bill to curb US investment in China to be reintroduced, US lawmaker says Read More »
By Krishna N. Das NEW DELHI (Reuters) -Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in India, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes. Adani, which signed a 25-year contract under former Prime Minister …
Exclusive-Bangladesh seeks full power supply restoration from Adani plant Read More »
By Sethuraman N R and Sudarshan Varadhan NEW DELHI (Reuters) – The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the U.S., five industry officials said, potentially eroding Australia and Russia’s market shares in the Indian market. China’s Finance Ministry last week said it would …
US coal exports to India expected to rise due to China tariffs Read More »
BEIJING (Reuters) – Chinese Vice Premier Zhang Guoqing said China is willing to work with other countries to safeguard security and share achievements in the field of artificial intelligence to build “a community with a shared future for mankind”. Zhang made the remark at an AI summit in Paris on Monday, state media Xinhua news …
China is willing to share achievements in AI, vice premier says at Paris summit Read More »
(Reuters) – The new 25% tariff rates on steel and aluminum imports into the United States are due to take effect on March 12, according to the executive orders signed by President Donald Trump on Monday. A U.S. official earlier had said the new rates would take effect on March 4. The full texts of …
New steel and aluminum tariff rates take effect March 12, executive orders show Read More »
BEIJING (Reuters) – Chinese electric vehicle giant BYD this week began offering advanced autonomous driving features on most of its models, including ones priced as low as $9,555, a move likely to start a new price war in a hyper-competitive market. Below are what we know about smart driving features offered in China, the world’s …
Explainer-What autonomous driving features are available in China? Read More »
(Reuters) – Ratings agency Moody’s downgraded China Vanke further on Tuesday and maintained its negative outlook on the embattled property developer that is grappling with a liquidity crisis and sluggish sales impacted by an ailing property sector. Moody’s lowered its corporate family rating to ‘Caa1’ from ‘B3’. Entities rated ‘Caa’ are judged to be speculative …
Moody’s downgrades China Vanke further as liquidity concerns deepen Read More »
BEIJING (Reuters) – China’s battery giant CATL has applied to list on the Hong Kong Stock Exchange, the exchange’s website showed on Tuesday. (Reporting by Beijing Newsroom; Editing by Louise Heavens)
