Australia turns down China’s offer to ‘join hands’ to fight US tariffs Renju Jose Thu, April 10, 2025 at 2:40 AM UTC 2 min read Britain’s Defence Secretary Healey and Australian Deputy Prime Minister and Defence Minister Richard Marles, take a tour of the Sheffield Forgemasters By Renju Jose SYDNEY (Reuters) – Australia on Thursday...
By Joe Cash and Trevor Hunnicutt BEIJING/WASHINGTON (Reuters) -President Donald Trump’s “reciprocal” tariffs on dozens of countries were set to take effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations. Trump’s punishing tariffs have shaken a global trading order that...
By Leika Kihara TOKYO (Reuters) – Japanese Finance Minister Katsunobu Kato said on Wednesday trade negotiations with the United States could include discussions on foreign exchange rates. “There has been various communication, including on exchange rates, from the U.S. side, so currency moves could be among themes up for discussion. But specifics have yet to...
By Stella Qiu SYDNEY (Reuters) – Stocks in Asia extended a slide on Wall Street on Wednesday as President Donald Trump looked set to press ahead with whopping 104% tariffs on Chinese goods, pummelling oil prices to four-year lows as global recession fears gripped financial markets. The U.S. dollar fell against safe-haven currencies but the...
By Leika Kihara TOKYO (Reuters) – Japanese Finance Minister Katsunobu Kato on Wednesday ruled out using the country’s U.S. Treasury holdings as a bargaining tool against President Donald Trump’s decision to slap tariffs against imports from Japan. “We manage our U.S. Treasury holdings from the standpoint of preparing for in case we need to conduct...
By Wayne Cole SYDNEY (Reuters) – The dollar lost ground to the safe-haven yen and Swiss franc on Wednesday as the imminent imposition by the U.S. of 104% tariffs on China spooked world equity markets and sent the Chinese yuan to record lows. President Donald Trump showed no sign of backing away from the new...
China criticises Trump tariff ‘blackmail’ as market turmoil settles Joe Cash and Steve Holland Tue, April 8, 2025 at 2:55 AM UTC 4 min read FILE PHOTO: Shipping containers from China at the Port of Los Angeles, in Wilmington By Joe Cash and Steve Holland BEIJING/WASHINGTON (Reuters) – China said it would not bow to...
(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 8.8% to A$1.295, and emerged as one of the top gainers...
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...
By Kevin Buckland TOKYO (Reuters) – Asian stocks bounced off 1-1/2-year lows and U.S. stock futures pointed higher on Tuesday, as markets caught their breath after recent heavy selling on hopes that Washington might be willing to negotiate some of its aggressive tariffs. U.S. Treasury yields continued their ascent from six-month lows, gold hovered close...
