SINGAPORE (Reuters) -U.S. tariffs will have multiplier effects that will “generate a broader negative income and demand shock to the Singapore economy”, the Monetary Authority of Singapore said in its macroeconomic review released on Monday. As well as the direct impact of a 10% baseline tariff on Singapore’s exports to the U.S., its second-largest export …
U.S. tariffs will cause demand shock to Singapore economy: MAS Read More »
(This April 26 story has been refiled to remove an extraneous word in paragraph 2) CHIBA, Japan (Reuters) – Nintendo fans were given a chance to try out the company’s new Switch 2 gaming device at an event near Tokyo on Saturday, ahead of a release that some worry could be overshadowed by tariffs driving …
Japan’s Nintendo fans test Switch 2 ahead of launch amid tariff worries Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan’s top currency diplomat on Monday denied a media report that U.S. Treasury Secretary Scott Bessent had told his Japanese counterpart at a bilateral meeting in Washington that a weak dollar and a strong yen are desirable. “As we have said, the U.S. side did not touch upon exchange-rate targets …
Japan denies report citing Bessent’s push for strong yen Read More »
By Julia Harte (Reuters) -President Donald Trump’s April 9 decision to hike tariffs on China hit as Steve Egan, a promotional product distributor in Tampa, Florida, was in the middle of ordering 5,000 rubber ducks from a Chinese vendor. The ducks were for a local non-profit that wanted to hand them out at parades and …
From rubber ducks to 401(k)s, Trump voters feel tariff pain but most see long-term gain Read More »
(Reuters) -Australia’s Lynas Rare Earths on Monday missed market estimates for its third-quarter gross sales revenue, hit by lower rare earths market pricing and global trade volatility. Lynas, the world’s largest producer of rare earths outside China, posted third-quarter gross sales revenue of A$123 million ($78.62 million), missing Visible Alpha consensus of A$155.7 million. The …
Lynas Rare Earths’ Q3 revenue misses estimates as pricing, volatility weighs Read More »
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) -Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion. “We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo …
Toyota considers investing in potential $42 billion buyout of key supplier Read More »
By Lewis Krauskopf NEW YORK (Reuters) -A packed upcoming week for markets will test a U.S. stocks rebound, with investors focused on a wave of corporate results led by Apple and Microsoft, while the prospect of global trade developments threatens to cause volatility at any time. The monthly U.S. employment report, data on first-quarter U.S. …
Big tech earnings, US jobs data highlight busy week for markets Read More »
BEIJING (Reuters) -China’s top market regulator said on Sunday it was paying close attention to CK Hutchison’s planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review. The sale by the Hong Kong conglomerate, which contains two ports along the …
China says CK Hutchison’s ports deal must not try to avoid antitrust review Read More »
LONDON (Reuters) -Confidence among people in Britain about the economy over the next 12 months has fallen to the lowest on record, polling firm Ipsos MORI said on Sunday, with only a small number expecting improvement over the period. Seventy-five percent of Britons expect the economy to get worse over the next 12 months, up …
SEOUL (Reuters) -South Korea’s Industry Minister Ahn Duk-geun said on Saturday that Seoul plans to approach trade talks with the United States “calmly and cautiously.” The negotiations were off to a good start but South Korea will closely monitor the progress in trade talks between the U.S. and other countries, Ahn told reporters after returning …
South Korea to approach trade talks with US ‘cautiously’, industry minister says Read More »
