TAIPEI (Reuters) – Taiwan will simulate the impact of any U.S. tariffs on the semiconductor industry and seek talks with Washington on the issue, the island’s economy minister said on Tuesday. The Trump administration is probing the import of chips, along with pharmaceuticals, in a bid to impose tariffs on both on grounds that extensive...
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -Global markets are experiencing volatility from uncertainty over U.S. tariff policy but not seeing a huge decline in short-term liquidity, a senior Bank of Japan official said on Tuesday. “Unlike during the global financial crisis, we’re not seeing a major decline in short-term liquidity. But the BOJ...
TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Monday global and domestic economic uncertainty has increased sharply due to U.S. tariff policy. “U.S. tariffs will likely put downward pressure on global and Japanese economies through various channels,” Ueda told parliament. “The BOJ will guide monetary policy appropriately from the standpoint of sustainably...
TAIPEI (Reuters) – Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China. Shares in Foxconn, Apple’s largest iPhone assembler, gained around 4% in Monday morning trade, with...
(Reuters) – Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group. The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively, for the remainder of...
ABOARD AIR FORCE ONE (Reuters) – U.S. President Donald Trump on Sunday said he doesn’t think a foreign company should control U.S. Steel, repeating comments made last week that dimmed hopes for a greenlight of a $14 billion bid by Japan’s Nippon Steel to buy the U.S. firm. Trump said on Wednesday he did not...
By Scott Murdoch SYDNEY (Reuters) – Bally’s Corp considered waiting for Star Entertainment to enter voluntary administration before investing but feared the Australian casino group would have been too hard to rescue, the U.S gaming firm’s chairman, Soo Kim, told Reuters. Rhode Island-based Bally’s and the Mathieson family – Star’s largest investor – engineered a...
TOKYO (Reuters) – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. Itsunori Onodera, chair of the Liberal Democratic Party’s Policy Research Council, also said Japan should not intentionally sell its U.S....
It’s been a rollercoaster of a week for investors. Markets around the world — including the US and Singapore — were rocked by fears of a full-blown trade war after Trump announced fresh tariffs. The Straits Times Index (STI) plunged 7.5% in just one week, and Singapore stocks saw a sharp sell-off last Friday that...
WASHINGTON (Reuters) – President Donald Trump’s administration could lay off workers at the U.S. Consumer Financial Protection Bureau (CFPB), but not abolish the agency, an appeals court ruled on Friday. The agency, created in the aftermath of the global financial crisis to police and regulate the consumer finance sector, has been in the crosshairs of...
