SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. He also said he will announce reciprocal tariffs on Tuesday or Wednesday. Shares of steelmakers in Asia mostly fell on Monday, save for those with …
Markets react to Trump’s tariffs on steel and aluminium imports Read More »
(Reuters) – The U.S. government has nearly $36 trillion of debt on issue and its bonds are the bedrock of the global financial system. President Donald Trump said Sunday his administration was examining Treasury debt payments for possible fraud and suggested that the country’s debt might not be that high – remarks that may unsettle …
By Jeff Mason ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his …
Trump to announce 25% steel and aluminum tariffs in latest trade escalation Read More »
By Aaditya GovindRao and Adwitiya Srivastava (Reuters) -Shares of BlueScope Steel rose to a more than two-month high on Monday, buoyed by expectation that the Australian steelmaker’s U.S. business would gain from potential tariffs on all steel imports into the country. The stock rose as much as 4% by 0234 GMT to hit its highest …
Australia’s BlueScope Steel gains on potential US tariffs on steel imports Read More »
By Jeff Mason and Andy Sullivan (Reuters) -U.S. President Donald Trump on Sunday said his administration was examining U.S. Treasury debt payments for possible fraud and suggested that the country’s $36 trillion debt load might not be that high. Speaking to reporters aboard Air Force One, Trump said administration officials who have been combing through …
Trump says US may have less debt than thought because of fraud Read More »
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets are set for a rocky open on Monday following Wall Street’s selloff on Friday, as U.S. inflation concerns bubble up and global trade war fears intensify after President Donald Trump said he plans to announce reciprocal tariffs on many …
Morning Bid: Navigating US rates, global tariff tensions Read More »
By Lewis Krauskopf, Saqib Iqbal Ahmed NEW YORK (Reuters) -A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500 remained about 1% below …
Inflation data to test market as tariff talk swirls Read More »
By Surbhi Misra (Reuters) – Sony said on Sunday that all PlayStation Plus members would automatically receive an additional five days of service, after a global outage disrupted the PlayStation Network (PSN) for about 18 hours on Friday and Saturday. “Network services have fully recovered from an operational issue. We apologize for the inconvenience and …
Sony to offer PlayStation Plus users five-day extension after global outage Read More »
SYDNEY (Reuters) – New Zealand will relax visa rules to attract more foreign investors, in efforts to stimulate economic growth, its centre-right government said on Sunday. Immigration Minister Erica Stanford said the country’s investor visa category would be made “simpler and more flexible” to encourage investors to choose New Zealand for their “capital, skills and …
New Zealand to loosen visa rules to lure foreign investors Read More »
By Krystal Hu, Anna Tong and Kenrick Cai (Reuters) -AI-powered defense startup Anduril Industries is in talks for a new funding round that could hike the valuation of the Palmer Luckey-founded company to $28 billion, sources said on Friday. Tech billionaire Peter Thiel’s Founders Fund is set to lead the round, which could be as …
