LONDON (Reuters) – Blackstone has said it has closed a 9.8 billion euro ($10.8 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil. The fundraise for the Europe Real Estate Partners VII fund is the largest ever pool of external capital amassed for European property, Blackstone …
Blackstone gears up for $11 billion European property buying spree Read More »
TOKYO (Reuters) – Japan will cooperate with the Group of Seven advanced economies and the International Monetary Fund to help stablise a market rout unleashed by U.S. tariffs, the country’s top currency diplomat said on Wednesday. “Cooperation needs to be international to prevent market instability,” Atsushi Mimura told reporters after a trilateral meeting of executives …
Japan’s top currency diplomat urges global cooperation to fight tariff woes Read More »
(Reuters) – German carmaker Volkswagen saw a slight rise in vehicle deliveries during the first three months of the year, helped by growing demand in almost all markets. Volkswagen delivered a total of 2.13 million vehicles during the first quarter, representing a 1.4% rise compared to the same period last year. The company reported sales …
Volkswagen Q1 deliveries rise 1.4% helped by almost all markets Read More »
(Reuters) – Petra Diamonds, which has the world’s third-largest resource of diamonds, said on Wednesday it had delayed the sale of gems from its Cullinan Mine in South Africa until there was greater clarity around the impact of U.S. tariffs. The company, as part of its periodic tenders, had already sold diamonds from its Finsch …
Petra Diamonds delays Cullinan Mine tender amid US tariff uncertainty Read More »
(Reuters) – China’s central bank will not allow sharp yuan declines and has asked major state-owned banks to reduce U.S. dollar purchases, people with direct knowledge of the matter said on Wednesday. The directive from authorities comes as the yuan faces heavy downward pressure following massive U.S. tariffs on Chinese exports and retaliatory moves by …
By Rich McKay NEW YORK (Reuters) – Adam Williams, 57, owner of Ansley Wine Merchants in Atlanta, said he was bracing for the worst on Wednesday, as President Donald Trump’s tariffs are set to kick in, which will spike costs of the imported wines and liquors he sells. “That means everything will go up,” he …
US wine sellers worry as Trump tariffs set to hit Wednesday Read More »
TOKYO (Reuters) -Japan’s Nikkei share average slipped on Wednesday, ending nearly 4% lower in a broad sell-off, as traders gauged concerns over a potential economic slowdown amid an intensifying trade war between the United States and China. The Nikkei share average fell 3.9% to close at 31,714.03, while the broader Topix dropped 3.4% to 2,349.33. …
Japan’s Nikkei falls nearly 4% on slowdown fears as US tariffs take effect Read More »
By Naveen Thukral SINGAPORE (Reuters) – Asian buyers are reducing purchases of U.S. agricultural goods as Washington’s planned fees on China-linked vessels and sweeping import duties on key regional trading partners stoke uncertainty and dampen appetite for American products. China, which retaliated with 34% duties on U.S. goods, is the largest importer of U.S. agricultural …
Asian buyers shun US farm goods, hit by ship crunch and trade war Read More »
(Reuters) – CF Industries said on Tuesday it has formed a joint venture with Japan’s largest power generator, JERA, and trading house Mitsui & Co to build one of the world’s largest low-carbon ammonia facilities for about $4 billion. WHY IS IT IMPORTANT Former President Joe Biden passed the largest climate change legislation in U.S. …
CF Industries forms JV with JERA, Mitsui for $4 billion low-carbon ammonia plant Read More »
By Ethan Wang and Kevin Yao BEIJING (Reuters) – China’s new yuan loans likely rebounded in March after a sharp fall in February, a Reuters poll showed on Wednesday, as policymakers pledged fresh stimulus to counter mounting economic headwinds amid a worsening global trade war. Banks are estimated to have issued 3 trillion yuan ($408.19 …
China’s March bank loans seen rebounding as trade tensions escalate – Reuters poll Read More »
