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China is restricting mineral exports. How does its export control system work?

24 Apr 2025

BEIJING (Reuters) -China has been flexing its control over the mining and refining of minerals by adding metals essential for clean energy, chipmaking and defence to its export control list, disrupting global supply and sending prices soaring. Through its export licensing system, Beijing gets a direct say over who gets what, and how much. Below …

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Analysis-Nestle, rivals ease US price hikes in bid for anxious American shopper

24 Apr 2025

By Richa Naidu LONDON (Reuters) -Household goods and packaged food makers are easing U.S. price increases to avoid losing American shoppers to retailers’ less expensive private-label brands as a global trade war tests the limits of their pricing power at grocery stores. U.S. President Donald Trump has imposed broad tariffs on several countries around the …

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Nvidia supplier SK Hynix logs bumper Q1, sees limited tariff impact on AI chips

24 Apr 2025

By Heekyong Yang and Joyce Lee SEOUL (Reuters) -SK Hynix, a key supplier of high-bandwidth memory processors to Nvidia, said quarterly profit more than doubled and demand for AI chips was so robust that it expects only limited impact on those products from potential U.S. tariffs. Washington has launched an investigation into semiconductor imports, arguing …

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Fitch watching ‘quite closely’ how South Korea manages geopolitical challenges

24 Apr 2025

By Jihoon Lee and Youn Ah Moon SEOUL (Reuters) -Global credit ratings agency Fitch said it was “quite closely” watching how South Korea manages geopolitical challenges amid a global trade war between the United States and China. “Korea is a bit caught in the middle between the U.S. and China, and balancing that relationship will …

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Thermo Fisher cuts 2025 profit forecast on tariff hit, research funding cuts

24 Apr 2025

By Sneha S K and Siddhi Mahatole (Reuters) -Medical equipment maker Thermo Fisher Scientific on Wednesday cut its annual profit forecast, in anticipation of a potential hit from the U.S. and China tariff war and the Trump administration’s proposed cuts to academic research funding. The company estimates a $400 million hit this year to its …

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German finance minister: agreement with US is still preferred option in tariff row

24 Apr 2025

BERLIN (Reuters) -Germany still hopes the European Union can find agreement with the United States to bring about a reduction in import tariffs but supports counter-measures if this fails, the country’s finance minister said in a radio interview on Thursday. “The position is very simple: Plan A is we want an agreement and the tariffs …

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European pharma companies push for higher drug prices in EU amid U.S. tariff threats

24 Apr 2025

By Maggie Fick (Reuters) -European drugmakers are urging the EU to allow higher medicine prices, warning that without stronger investment incentives, the bloc would fall further behind the U.S., where tariff threats have triggered a wave of pharma investment announcements. AstraZeneca Chief Executive Officer Pascal Soriot said that just like Europe has stepped up its …

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China supports free trade, central bank governor says in Washington meeting, CCTV reports

24 Apr 2025

BEIJING (Reuters) -China will firmly support free trade rules and the multilateral trading system, the country’s central bank governor said on Wednesday in Washington D.C., state broadcaster CCTV reported. Unilateralism and protectionism “have no way out” and are not in the interests of anyone, said Pan Gongsheng, governor of the People’s Bank of China, at …

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Singapore’s high-yield stocks gain from tariff-induced flight to safety

24 Apr 2025

By Sameer Manekar (Reuters) -As reverberations from U.S. President Donald Trump’s tariffs are felt across markets, investors are increasingly gravitating toward Singapore’s high-yield, defensive companies, including telecom firms, pivoting away from old favourites such as banks. Singapore’s benchmark index has proved resilient in the face of the back-and-forth tariff salvos, eking out a small gain …

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Robotaxi maker Pony.ai sees Trump’s trade war hitting sentiment, overseas expansion plans

24 Apr 2025

By Qiaoyi Li and Brenda Goh SHANGHAI (Reuters) -China-based robotaxi developer Pony.ai Inc said on Thursday that U.S. President Donald Trump’s trade war with China was likely to dampen its international expansion plans, but it anticipated little direct impact on its supply chain. The Toyota-backed company has been exploring the deployment of its autonomous driving …

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