Uncertainty returned to the market this week after conflicting news on inflation in July. Consumer prices matched expectations, but producer prices were sharply higher. For now, investors are ignoring those concerns and pushing stocks higher backed by strong earnings, continued progress on tariffs, and retail sales that were in-line with expectations. That optimism is also…
Two contradictory things can happen at the same time. But maybe not indefinitely. Investors are contemplating what seem to be contradictory trends in financial markets and wondering how long they can last. President Trump’s tariffs are beginning to cause tremors in the real economy. But the stock market keeps drifting higher, as if boom times…
The provisional rate, which was unexpected, will be set at 75.8 percent and will be effective from Thursday, China said. China has announced preliminary anti-dumping duties on Canadian canola imports, a new escalation in the yearlong trade dispute that began with Ottawa’s imposition of tariffs on Chinese electric vehicle imports last August. The provisional rate…
The United States and China have extended their tariff deadline for another 90 days, preventing an escalation of the trade war between the world’s two largest economies, with markets rallying after President Donald Trump announced the pause. With the extension, the imposition of higher tariffs on China will be suspended until November 10, with all…
TOKYO — Asian shares mostly advanced Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days. Japan’s benchmark Nikkei 225 jumped 2.6% to 42,942.14, topping its past all-time record. Toyota Motor Corp.’s shares surged 3.3% and other heavyweight shares also saw big gains. Hong Kong’s Hang Seng slipped nearly 0.2% to…
BANGKOK — World shares were mixed on Monday, the day before U.S. President Donald Trump’s deadline for imposing higher tariffs on goods imported from China. Oil prices extended declines that began last week on expectations for a possible breakthrough in the Ukraine conflict from Trump’s planned meeting with Russian President Vladimir Putin on Friday in…
Bao, widely regarded as one of China’s best-connected bankers, went missing in 2023 with little explanation. Bao Fan, star dealmaker and founder of boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, the Reuters news agency has reported, citing a person with knowledge of the…
MANILA, Philippines (AP) — World shares were mixed on Friday, with Asian stocks mostly lower while Tokyo’s benchmark spiked more than 2% after Japanese officials said they had resolved questions over the tariff that will apply to exports to the U.S. In early European trading, Germany’s DAX lost 0.3% to 24,131.01. The CAC 40 in…
MANILA, Philippines (AP) — World shares mostly advanced and financial markets appeared to show scant if any reaction to President Donald Trump’s higher tariffs on exports to the United States that took effect early Thursday. In early European trading, Germany’s DAX rose 0.9% to 24,137.51. In Paris, the CAC 40 added 0.8% to 7,693.36, while…
Even as the United States slaps India with a 50 percent tariff, the highest among all countries so far and one that will push their relationship to its lowest moment in years, one thing is clear: US President Donald Trump is more interested in onshoring than friend-shoring, experts say. On Wednesday, the US announced an…