By Peter Hobson CANBERRA (Reuters) – On the day Donald Trump announced tariffs on imports from a dizzying number of countries last week, the U.S. president gave a special mention to Australian beef. “They won’t take any of our beef,” he said of Australia, which has restricted entry of U.S. beef due to mad cow …
Trump attacked Australian beef, but industry looks like tariff winner Read More »
HAMBURG (Reuters) – Airbus said on Tuesday it had signed a provisional deal with Amazon to provide connectivity to airlines via the tech giant’s planned Kuiper constellation of satellites.The plan to enhance Airbus’ High Bandwidth Connectivity Plus programme was announced at a major cabin interiors exhibition in Hamburg. (Reporting by Tim Hepher; Editing by Sudip …
Airbus signs provisional deal with Amazon to provide connectivity to airlines Read More »
(Reuters) – U.S. President Donald Trump is seeking to expand the mining and use of coal inside the country in a bid to power the boom in data centers, Bloomberg News reported on Tuesday, citing a senior White House official. In an executive order that Trump is expected to sign on Tuesday afternoon, he will …
Trump order looks to tap coal in quest to power data centers, Bloomberg News reports Read More »
(Reuters) – Daimler Truck on Tuesday reported an 8% drop in first-quarter sales citing declining demand in North America and Mercedes-Benz Trucks units. The company – one of the world’s biggest truckmakers – said it sold 99,812 vehicles in the first quarter, compared with 108,911 a year earlier. Sales of the Trucks North America and …
Daimler Truck Q1 sales 8% lower on weaker demand in North America Read More »
(Reuters) – Goldman Sachs forecast that Brent and WTI crude prices would be at $62 a barrel and $58 by December 2025 and at $55 and $51 by December 2026, respectively, under two assumptions. The bank, in a note dated April 7, said that the first assumption is the U.S. economy avoids a recession given …
Goldman Sachs forecasts Brent, WTI prices under different scenarios Read More »
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK (Reuters) – A dramatic U.S. stock slide is fanning fears of even more dire scenarios for the market, as investors weigh the potential for a prolonged global trade war and a much dimmer corporate profit outlook. Stocks swung wildly on Monday, with the benchmark S&P 500 …
Analysis-Tariff-driven Wall Street pain sparks investors to weigh more gloomy scenarios Read More »
HONG KONG (Reuters) -Policymakers across Asia are preparing measures to support financial markets as a rout deepened following sweeping tariffs announced by U.S. President Donald Trump that stoked widespread recession worries. Here are some of the announcements so far: CHINA China’s sovereign fund Central Huijin Investment said it was increasing holdings in China stocks, and …
Factbox-What measures are Asian policymakers taking as market rout deepens? Read More »
By Chen Aizhu, Emily Chow and Marwa Rashad SINGAPORE/LONDON (Reuters) – Chinese buyers of LNG are re-selling U.S.-sourced cargoes as tit-for-tat tariffs drive up import costs, and the trend is set to accelerate as new multi-year supply deals kick in this month and domestic demand weakens, traders and analysts say. Beijing, which imposed 15% tariffs …
Chinese LNG buyers resell US cargoes as tariffs bite Read More »
By Roshan Thomas (Reuters) -Shares of Australia’s Zip rose more than 8% on Tuesday after the “buy-now, pay-later” firm announced a share buyback plan of up to A$50 million ($30.1 million), with the programme set to begin around April 23. Zip’s shares rose as much as 20.2% to A$1.430, emerging as one of the top …
Australian payments firm Zip soars on $30 million share buyback plan Read More »
WELLINGTON (Reuters) – New Zealand will not revise its economic and fiscal plans despite the turmoil in the global financial markets triggered by U.S. President Donald Trump’s tariff plans, Finance Minister Nicola Willis said on Tuesday. A global trade war touched off by Trump’s sweeping tariffs escalated further on Monday, as he threatened to increase …
New Zealand to stick to current economic plans despite US tariff concerns Read More »
