GENEVA (Reuters) – The head of the World Trade Organization told member states on Thursday that it had received “many” questions about the impact of U.S. President Donald Trump’s tariffs on trade and would respond to their questions, according to a letter seen by Reuters. “Many of you have been in touch about the U.S. …
WTO chief will answer members’ questions about US tariffs, document shows Read More »
By Guy Faulconbridge MOSCOW (Reuters) – While U.S. President Donald Trump announced tariffs on allies and foes including Europe, India, Japan and China, some of the world’s most heavily sanctioned countries – Russia, Belarus, Cuba and North Korea – avoided being singled out for special punitive treatment. With the world gripped by trade war, Trump …
Russia, Cuba and North Korea escape worst of Trump’s tariff wrath Read More »
By Polina Devitt LONDON (Reuters) – Central banks are expected to help keep gold’s stunning rally going this year with buying aimed at further diversifying reserves away from the dollar due to risks stemming from U.S. President Donald Trump’s policies. Russia’s invasion of Ukraine in 2022 provided the first catalyst for purchases by central banks, …
Trump’s policies to spur further central bank gold buying Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets If you thought a global trade war was already priced into world markets, Thursday’s reaction to the U.S. tariff sweep will be sobering. I’ll get into all the details below and explain …
(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) said on Thursday it has closed its probe into 258 Zoox vehicles over a braking issue, after the Amazon self-driving car unit recalled them and updated their software. The transport agency had opened the probe in May following two rear-end collisions that injured motorcyclists after …
NHTSA closes probe into 258 Zoox vehicles after Amazon’s robotaxi unit updates software Read More »
LONDON (Reuters) – Deutsche Bank warned on Thursday of the risk of a crisis of confidence in the U.S. dollar, saying major shifts in capital flow allocations could take over from currency fundamentals and currency moves become disorderly. The dollar, the world’s No.1 reserve currency, came under broad-based selling pressure on Thursday as U.S. President …
Deutsche Bank says risk of a dollar confidence crisis Read More »
BANGKOK (Reuters) – Thailand’s economic growth could be reduced by 1 percentage point due to the imposition of U.S. tariffs, the finance minister said on Thursday.To try to maintain exports, the government will import more U.S. goods, remove tariffs on some U.S. products as well as address non-tariff barriers and taxes on U.S. goods, Finance …
Thailand growth to be hit by US tariffs, finance minister says Read More »
By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler LONDON/MOSCOW (Reuters) – A meeting of eight top ministers of OPEC+ will likely keep oil output policy that calls for gradual oil output hikes from April unchanged, two OPEC+ sources said on Thursday. The talks began shortly after 0900 GMT, one of the sources said. Another source …
OPEC+ ministers seen sticking to further oil output hikes as planned, sources say Read More »
By Rocky Swift TOKYO (Reuters) – Japanese drinks maker Suntory is looking to shift where it markets its spirits across the globe as it girds for a potential trade war, its new president said on Thursday. Nobuhiro Torii, great-grandson of the company’s founder, takes the reins at a raucous time, with new U.S. tariffs poised to …
Global drinks maker Suntory aims to sell local to avoid tariffs, president says Read More »
By Medha Singh (Reuters) – U.S. businesses have talked a lot about tariffs in the past few months, but very few modeled for them in their earnings outlooks. With President Donald Trump’s multi-front trade war now in full effect, investors and analysts expect a barrage of corporate profit warnings in the coming weeks that could …
Trump tariffs set stage for wave of profit warnings Read More »
