By Joe Cash and Yukun Zhang BEIJING (Reuters) -China’s exports beat forecasts in April, buoyed by demand for materials from overseas manufacturers who rushed out goods to make the most of U.S. President Donald Trump’s 90-day tariff pause. The world’s two largest economies have been locked in a bruising tit-for-tat tariff war and businesses on …
China’s exports top forecasts helped by global rush to beat tariffs Read More »
By Casey Hall SHANGHAI (Reuters) -China-based shipping agents have resumed buying container space for goods headed for the United States after a series of U.S. tariff-induced cancellations, as Beijing and Washington head for trade talks in Switzerland. Trade between the world’s two largest economies has slumped since U.S. President Donald Trump imposed 145% tariffs on …
As trade talks begin, Chinese exporters prepare to get goods moving to US again Read More »
By Byron Kaye, Roshan Thomas and Himanshi Akhand SYDNEY (Reuters) -Top Australian investment bank Macquarie reported a rise in annual profit due to a well-timed asset sale, pushing its shares higher, and flagged a renewed focus on its home market as the policies of U.S. President Donald Trump upend the world order. Macquarie, which makes …
Australia’s Macquarie reports FY profit rise, signals domestic upside Read More »
By Himanshi Akhand and Rishav Chatterjee (Reuters) -U.S. real estate firm CoStar will acquire Domain for A$3 billion ($1.92 billion) including debt, the Australian property listings platform said on Friday, in a bid to create a well-capitalised rival to News Corp’s REA. After weeks of due diligence by CoStar, which owns a 16.9% stake in …
CoStar to buy Australia’s Domain in $1.9 billion deal, eyes REA’s market dominance Read More »
By Lisa Baertlein and Andrea Shalal LOS ANGELES/WASHINGTON (Reuters) -U.S. container imports surged in April as companies raced to avoid President Donald Trump’s tariffs, which now include a 145% duty on goods from China, but executives at the country’s two busiest ports said the trend looked set to reverse in May. April container imports jumped …
Near-record US container import streak expected to snap in May due to tariffs Read More »
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks rose on Thursday as investors cheered a new trade agreement hammered out between the United States and Britain, while U.S. President Donald Trump signaled upcoming talks with China would be more substantial than initially thought. Britain agreed to lower its tariffs to 1.8% from 5.1% and provide …
(Reuters) -News Corp beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by growth in its Dow Jones business and online real estate services, sending its shares up about 3% in extended trading. The company has shifted its focus towards digital and subscription-based operations to better compete in and adapt to the …
(Reuters) -Paramount Global’s quarterly revenue and profit beat Wall Street estimates on Thursday, helped by originals and post-theatrical releases at its direct-to-consumer business, which includes streaming. On a post-earnings conference call, the company said it would look to reduce its non-content costs in the face of broad economic uncertainty caused by an escalating U.S.-China trade …
Paramount’s strong quarterly results boosted by originals, streaming growth Read More »
(Reuters) -Monster Beverage reported a surprise fall in first-quarter revenue on Thursday, signaling consumers in the U.S. pared back spending on pricey energy drinks amid economic uncertainty. Colder weather in January and high inflation in February led to softer consumer spending, impacting sales during the quarter. The company also attributed the decline in net sales …
Monster Beverage posts surprise fall in quarterly net sales on choppy demand Read More »
By Jaspreet Singh (Reuters) -Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, signaling its artificial intelligence tools are boosting advertising spend on the platform and sending its shares up 16% in extended trading. Despite uncertainty over marketing budgets, the company’s emphasis on direct response ads — designed to prompt specific actions like shopping, …
Pinterest’s revenue forecast gets boost from AI ad tools, growing marketing spend Read More »
