By Jeanny Kao and Faith Hung TAIPEI (Reuters) – Taiwan unexpectedly raised its 2025 economic growth forecast on Wednesday after a strong first quarter performance thanks to an export surge on strong tech demand ahead of the introduction of possible U.S. import tariffs. Taiwan is a key hub in the global technology supply chain for …
Taiwan unexpectedly raises 2025 full-year GDP forecast on strong tech demand Read More »
TAIPEI (Reuters) -Uncertainty brought about by U.S. import tariffs means decisions on interest rate policy need to be cautious, according to minutes from the Taiwan central bank’s latest meeting published on Wednesday. At its quarterly board meeting in March, the central bank left the benchmark discount rate at 2%, as expected, prompted by lingering concerns …
US tariffs mean cautious rate decisions needed, Taiwan central bank minutes show Read More »
By Colleen Howe BEIJING (Reuters) -China’s solar manufacturers reported losses this week as U.S. President Donald Trump’s trade war put further pressure on demand in an industry where top manufacturers were already facing low prices and tariffs on exports to the United States. Top producers Longi Green Energy and JinkoSolar both reported a net loss …
China’s solar industry remains in red as trade war adds to problems Read More »
By John Revill ZURICH (Reuters) -Logitech International will mitigate the impact of U.S. President Donald Trump’s tariff policy by shifting some production of its computer mice and other peripherals away from China. Chief Executive Hanneke Faber said she would take an active approach to handling trade barriers, an issue of particular concern for Logitech, which …
Logitech to shift some production from China to counter Trump tariffs Read More »
By Rajesh Kumar Singh CHICAGO (Reuters) -JetBlue Airways and United Airlines have been negotiating a partnership, three industry sources familiar with the matter told Reuters. The New York-based airline has been seeking partnerships after a federal judge blocked its so-called Northeast Alliance with American Airlines in 2023. The partnership with United is envisioned as quite …
Exclusive-JetBlue negotiates partnership with United Airlines, sources say Read More »
WASHINGTON (Reuters) -U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing despite an ever-shifting tariffs policy casting a pall over the economy. Job openings, a measure of labor demand, decreased 288,000 to 7.192 million by the last day of March, the Labor Department’s …
By Rachel More and Nick Carey BERLIN (Reuters) -Mercedes-Benz on Wednesday pulled its earnings guidance for 2025 amid uncertainty over the impact of U.S. President Donald Trump’s tariffs on car imports, as the German automaker posted sharply lower first-quarter profit. “Clearly Mercedes-Benz is a global player … we don’t fear competition in any direction,” CEO …
Mercedes pulls earnings guidance amid Trump tariff uncertainty Read More »
(Reuters) -Facebook parent Meta Platforms on Tuesday launched a separate app for its Meta AI assistant, similar to those offered by Microsoft-backed OpenAI and Alphabet’s Google. The standalone app comes as Meta looks to boost the AI assistant’s usage, apart from being available within the company’s family of platforms – WhatsApp, Instagram, Facebook and Messenger. …
Facebook parent Meta Platforms launches standalone AI assistant app Read More »
By Stella Qiu SYDNEY (Reuters) -Core inflation in Australia slowed to a three-year low in the first quarter as costs in the services sector cooled markedly, data showed on Wednesday, supporting the case for another cut in interest rates in coming weeks. Investors are fully expecting a quarter-point rate cut from the Reserve Bank of …
Australia’s core inflation slows to 3-year low in Q1, supports May rate cut Read More »
HONG KONG (Reuters) – Asian hedge funds tiptoed back into the market last week, adding to their positions in Japan and India shares, after quickly cutting exposure when U.S. President Donald Trump unleashed sweeping tariffs at the start of the month, Morgan Stanley said. They were also buyers in Taiwan, mainly driven by short coverings, …
Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley Read More »
