Oct 31 (Reuters) – The United States cancelled a planned Budapest summit between President Donald Trump and Russian President Vladimir Putin following Russia’s firm stance on hardline demands regarding Ukraine, the Financial Times reported on Friday. The decision came after a tense call between the two countries’ top diplomats, the Financial Times said, citing people…
Xi to hold first talks with Japan’s new leader Takaichi Canada seeks to restart engagement with China Host South Korea warns of changes to free trade order Bessent stands in for Trump at APEC summit discussions GYEONGJU, Oct 31 (Reuters) – China’s Xi Jinping will take centre stage at an annual gathering of Pacific Rim…
LITTLETON, Colorado, Oct 30 (Reuters) – China’s booming car sector has upended the entire global carmaker industry over the past decade, especially its EV producers which have supplanted combustion engine cars in sales at home and have flooded global markets with record exports. But the country’s electric vehicle output and exports may now hit reverse…
A look at the day ahead in European and global markets from Ankur Banerjee A handshake between Donald Trump and Xi Jinping, an expected hold on rates from the Bank of Japan and Federal Reserve Chair Jerome Powell’s cautious tone are all that investors can think about ahead of another onslaught of European earnings. Sign…
ABOARD AIR FORCE ONE, Oct 30 (Reuters) – U.S. President Donald Trump said on Thursday that the United States will cut its tariffs on Chinese goods related to fentanyl to 10% from 20%, after his summit with Chinese President Xi Jinping in South Korea. Xi will work “very hard to stop the flow” of fentanyl,…
BOJ stands pat on rates, yen falls Currency reaction muted after Trump-Xi meeting; details awaited Trump says trade deal with China could be signed on Thursday Traders reduce expectations for 25bp Fed cut in December SINGAPORE, Oct 30 (Reuters) – The yen fell on Thursday in the wake of the Bank of Japan’s decision to…
Fed’s Powell hints 25 bps cut may be last of 2025 BOJ expected to leave rates on hold for now ECB also seen standing pat Trump and Xi to meet in South Korea, de-escalation expected U.S. tech sector earnings weigh on stocks SINGAPORE, Oct 30 (Reuters) – Asian stocks fluctuated between gains and losses early…
Reform UK faces scrutiny transitioning from protest to power Local government efficiency push modelled on Musk’s DOGE Farage seeks experienced defectors to bolster party’s clout National cost-cutting plans dismissed by economists as unrealistic NORTHAMPTON, England, Oct 29 (Reuters) – Britain’s Reform UK has surged in popularity on the back of fiery rhetoric against illegal immigrants,…
Asia shares upbeat; eyes on earnings from tech giants Microsoft, Alphabet, Meta report after the bell 25bp Fed cut baked in, focus on end of QT Yen strengthens after Bessent urges Tokyo to give BOJ scope to raise rates SINGAPORE, Oct 29 (Reuters) – Asian shares got a lift from Wall Street on Wednesday thanks…
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