(Reuters) – U.S. President Donald Trump on Wednesday said the Federal Reserve would be better off cutting rates “as U.S. tariffs start to transition (ease!) their way into the economy”, on the day the central bank kept rates unchanged. The Trump administration’s initial policies, including extensive import tariffs, appear to have tilted the U.S. economy...
Oil prices rise on US data, Middle East tensions Colleen Howe Thu, March 20, 2025 at 2:21 AM UTC 2 min read FILE PHOTO: The Bryan Mound Strategic Petroleum Reserve is seen in an aerial photograph over Freeport, Texas By Colleen Howe BEIJING (Reuters) – Oil prices rose in early trading on Thursday on a...
TOKYO (Reuters) – The Bank of Japan kept interest rates steady on Wednesday, underscoring policymakers’ preference to spend more time gauging how mounting global economic risks from higher U.S. tariffs could affect Japan’s fragile recovery. As widely expected, the board decided to keep the BOJ’s short-term policy rate unchanged at 0.5% by a unanimous vote....
(Reuters) – China is delaying the approval for BYD to build a plant in Mexico over concerns that the technology developed by the electric vehicle maker could leak to the U.S., the Financial Times reported on Wednesday, citing two people familiar with the matter. (Reporting by Gnaneshwar Rajan in Bengaluru; Editing by Rashmi Aich) ,,,
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks were subdued on Wednesday and gold hovered near record highs as economic worries and a shifting geopolitical landscape kept risk appetite in check, while the yen steadied after the Bank of Japan held rates as expected. The yen was last at 149.33 per dollar, little changed on the...
(Reuters) – Indonesia’s GoTo Gojek on Wednesday reiterated that there was no agreement with any party about a potential transaction after a media report emerged that Singapore-headquartered Grab was moving forward to buy it. Bloomberg News reported on Tuesday that U.S.-listed ride and delivery firm Grab had begun due diligence on its Indonesian rival, citing...
By Rae Wee SINGAPORE (Reuters) -The yen swung between losses and gains on Wednesday after the Bank of Japan (BOJ) kept interest rates unchanged as widely expected, while the dollar struggled to regain some lost ground ahead of the Federal Reserve’s policy decision later in the day. The BOJ on Wednesday maintained its short-term interest...
By Shivani Tanna and Ross Kerber (Reuters) – BlackRock, Vanguard and State Street asked a Texas court late on Monday to dismiss a U.S. state lawsuit accusing them of conspiring to decrease coal output, saying the allegations were “half-baked and untested” legal theories. “To find that Plaintiffs have stated an antitrust claim on these alleged...
By Tom Westbrook SINGAPORE (Reuters) – Hong Kong shares rose to three-year highs and led Asian markets higher on Tuesday, as investors turn positive on the outlook for the world’s second-biggest economy and cheered recent data and promises to further support consumption. The Hang Seng was up 2% in morning trade and its 23% year-to-date...
By Colleen Howe BEIJING (Reuters) – Oil prices were little changed in early trading on Tuesday as global growth concerns, U.S. tariffs and Russia-Ukraine ceasefire talks offset increased instability in the Middle East that could impact supply. Brent futures ticked up 10 cents, or 0.14%, to $71.17 a barrel by 0135 GMT, while U.S. West...
