By Joe Cash and Laurie Chen BEIJING (Reuters) – Beijing accused the United States on Friday of exerting “tariff pressure and blackmail” after President Donald Trump’s latest threat to slap an extra duty of 10% on imports from China, citing a continued flow of fentanyl into the country. The fresh China tariffs, in addition to …
China accuses US of fentanyl ‘blackmail’ after latest tariff threat Read More »
By Ed White WINNIPEG, Manitoba (Reuters) – Canadian farmer Jon Vaags quit buying beef cattle in November after the election of U.S. President Donald Trump made tariffs on Canadian exports seem like a serious risk. Now there are more than 1,000 empty spaces on his feedlot, where cattle are fattened on grain before being slaughtered …
A look at the day ahead in U.S. and global markets from Mike Dolan The S&P500 stock benchmark plunged into the red for the year this week as an Nvidia-led selloff, economic slowdown fears and re-ignited trade war fears jarred while the dollar surged anew. Following Big Tech megacaps and small cap indexes into negative …
Morning Bid: S&P500 in red for 2025 as trade war fears ratchet Read More »
By Selena Li HONG KONG (Reuters) – HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition for the unit as part of its expansion plans in that country. Pinnacle was launched in 2020 and sells …
Exclusive-HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say Read More »
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Secretary Sean Duffy said on Thursday the Trump administration will take steps to boost air traffic controller hiring after a series of recent safety incidents again raised questions about a persistent staffing shortage. The Federal Aviation Administration will open its hiring window to become an air traffic …
US transport chief seeks to boost air traffic control hiring Read More »
FRANKFURT (Reuters) – Euro zone consumers lowered their near-term inflation expectations last month but continued to see economic contraction ahead, indicating that households remain relatively downbeat on the bloc’s prospects, an ECB survey showed on Friday. Median inflation expectations over the next 12 months eased to 2.6% in January from 2.8% in the previous month …
Euro zone consumers lower near-term inflation expectations, ECB survey shows Read More »
(Reuters) – Citi Research raised its average tin price forecast for the first quarter of 2025 to $32,000 per metric ton from $29,000 on Friday but noted that prices will start easing from the second quarter. The bank raised its price view amid physical market resilience ahead of tariff implementation and before there is more …
Citi raises first-quarter average tin price forecast, sees easing in second quarter Read More »
(Corrects to add dropped word “with” in headline) (Reuters) – Citigroup erroneously credited $81 trillion, instead of $280, to a customer’s account and took hours to reverse the transaction, a “near miss” that shows up the bank’s operational issues it has sought to fix, the Financial Times reported on Friday. The error, which occurred last …
By Michele Pek SINGAPORE (Reuters) -Iron ore futures prices fell on Friday and were set for monthly losses, pressured by U.S. tariff concerns and mounting trade frictions against Chinese steel exports. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed down 0.74% to 799.5 yuan ($109.72) a metric ton. The contract …
Iron ore logs monthly loss on China steel export concerns Read More »
By Rajasik Mukherjee (Reuters) – Shares of Australia’s TPG Telecom surged to a more-than-four-month high on Friday after the telco logged a 3.4% rise in its full-year underlying earnings, driven by growing mobile customer numbers. Shares of the country’s third-largest telco ended 2.4% higher, after rising as much as 6% earlier in the day to …
Australia’s TPG Telecom hits four-month peak on upbeat earnings Read More »
