HONG KONG (Reuters) – Chinese electric vehicle maker Xpeng said on Wednesday that it had done a “thorough analysis” of its supply chain to ensure it would not be impacted by the current turmoil caused by U.S. President Donald Trump’s tariffs and tensions with China. Xpeng’s President Brian Gu told reporters in Hong Kong that...
By Casey Hall and Sophie Yu SHANGHAI (Reuters) – Chinese sellers of items from lunch boxes to appliances have taken to social media platform Rednote to generate sympathy purchases, telling domestic consumers they are offloading stock at bargain prices amid U.S. tariffs. Over the past week, dozens of sellers have broadcast livestreams showing goods produced...
(Reuters) – Australia’s Star Entertainment reported a bigger-than-expected first-half loss on Tuesday, as regulatory restrictions continue to affect the firm, particularly with the introduction of mandatory carded play and cash limits at its casinos. The embattled casino operator posted an underlying loss of A$136 million ($86.18 million) for the six months ended December 31, compared...
By Rae Wee SINGAPORE (Reuters) – Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place. U.S. Treasury bonds steadied having staged a recovery overnight following last week’s historic selloff, while the dollar continued to fall...
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the back-and-forth changes on U.S. tariffs. Still, currency markets were a lot calmer in early...
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...
