By Dhara Ranasinghe and Amanda Cooper LONDON (Reuters) – The dollar, one of the world’s safest places to park money in times of turmoil, has been shunned by investors as an option for now as uncertainty over tariffs and concern over their impact on U.S. growth intensify. U.S. President Donald Trump announced far broader and …
Trump’s tariffs dull the dollar’s safe-haven sheen Read More »
By Rajasik Mukherjee (Reuters) – Shares of Australia’s consumer staple companies rose on Thursday, driven by grocers Coles and Woolworths, as investors moved to safer bets after U.S. President Donald Trump’s reciprocal tariffs sparked global market turmoil. Shares of the sector ended 1.3% higher while the broader Australian market fell 0.9% to its lowest since …
Traders seek refuge in Aussie consumer staples as US tariffs spark market fall Read More »
By Kane Wu and Julie Zhu HONG KONG (Reuters) – Streaming media firm China Ruyi Holdings, backed by gaming and internet company Tencent, is aiming to raise between $300 million and $500 million in convertible bonds next week, two sources with knowledge of the plan said. The offering of Hong Kong-listed Ruyi could be launched …
By Andrea Shalal, Joe Cash and Philip Blenkinsop WASHINGTON/BEIJING/BRUSSELS (Reuters) -President Donald Trump’s move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth. The …
Trump’s tariffs stoke global trade war as China, EU hit back Read More »
By Marianna Parraga and Brendan O’Boyle (Reuters) – BlackRock could hit another roadblock in its attempt to secure control of two flagship ports near the Panama Canal once the Central American country releases an audit on a 25-year concession granted to Hong Kong-based CK Hutchison. Final signature of the deal in Panama, part of a …
Explainer-Could Panama throw a new wrench into BlackRock’s ports deal? Read More »
By Renju Jose and Kirsty Needham SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Thursday the decision by U.S. President Donald Trump to impose a 10% tariff on its ally was “not the act of a friend,” but ruled out reciprocal tariffs against the United States. In comments outside the White House, Trump …
Australia says US tariffs ‘not act of a friend’ but rules out reciprocal move Read More »
By Leika Kihara TOKYO (Reuters) – Japan is showing signs of sustainably achieving the central bank’s 2% inflation target with robust consumption and capital expenditure likely to underpin the economy, the International Monetary Fund said on Wednesday. “After three decades of near-zero inflation, signs are growing that Japan’s economy can reach a new equilibrium with …
IMF sees Japan sustainably hitting central bank’s inflation target Read More »
(Reuters) – Carmaker Stellantis will close its assembly plant in Windsor, Ontario for two weeks, Canadian labour union Unifor said on Wednesday. Stellantis said the primary driver behind the decision is the announcement of tariffs from U.S. President Donald Trump, the union said in a Facebook post. Stellantis did not immediately respond to a Reuters …
Stellantis to close Canada’s Windsor plant for two weeks over Trump tariffs, union says Read More »
By Aaditya GovindRao (Reuters) -Australia’s bank regulator again increased the cash ANZ Group must hold in reserve, as it criticised on Thursday what it said was the lender’s failure to address wide-ranging problems with its non-financial risk management. The Australian Prudential Regulation Authority (APRA) raised the amount of spare cash that ANZ, Australia’s fourth-biggest bank, …
Australian regulator increases ANZ’s capital add-on, criticises bank’s risk culture Read More »
(Reuters) – Australia’s Galan Lithium said on Thursday that it rejected an offer from Zhejiang Huayou Cobalt Co and Renault Group to acquire the lithium explorer’s stake in its Argentine assets for $150 million in cash. Galan Lithium described the offer as “opportunistic” and “undervalued”, adding that it was for the purchase of the company’s …
Australia’s Galan Lithium declines $150 million buyout bid for Argentine assets Read More »
