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...
(Reuters) – Gold (GC=F) prices scaled a record peak above the key $3,000 mark on Tuesday for the second time within a week, as investors sought cover from economic concerns fuelled by U.S. President Donald Trump’s tariff polices. Spot gold prices hit a record high of $3,005.09 per ounce. Historically considered a reliable store of...
SYDNEY (Reuters) – Australia may be at the end of its cycle of interest rate cuts if the “tariff madness” instigated by U.S. President Donald Trump escalates into a global trade war, NAB CEO Andrew Irvine said on Tuesday. A “global tariff war” would stoke global inflation and pose challenges for Australia, Irvine said. Last...
By Trixie Yap SINGAPORE (Reuters) – Asia’s ability to supply sustainable aviation fuel will outpace regional demand this year and next as more production comes online, increasing exports and potentially lowering prices for the fuel, oil executives and analysts said. Planned SAF production could take a hit if regional demand remains tepid and prices fall...
BEIJING (Reuters) – The joint venture of Volkswagen and FAW Group said on Monday it will launch 11 new Volkswagen and Jetta branded models tailored for the China market from 2026. The new models, as part of a deal signed in Wolfsburg between FAW and VW, include six electric vehicles, two plug-in hybrids, two extended-rangers...
BEIJING (Reuters) – China’s industrial output slowed in January-February, while retail sales growth accelerated slightly in a mixed start for the economy this year as policymakers navigate mounting pressure from U.S. trade tariffs. The data followed weaker-than-expected exports and inflation indicators earlier this month, as a burst of U.S. trade tariffs against key trading partners...
By Rae Wee SINGAPORE (Reuters) – Oil prices surged on Monday, U.S. stock futures slid while those in Asia charged higher as investors took stock of the contrasting fortunes between the United States and the rest of the world. The week is a busy one with a series of central bank policy meetings, including by...
BEIJING (Reuters) – China’s new home prices fell in February, official data showed on Monday, as government measures and promises of more stimulus did little to boost demand in the crisis-stricken sector. The decline of 0.1% versus a month earlier came after two months of relatively steady prices, showed Reuters calculations based on National Bureau...
