Morning Bid: Trump’s tariff post sends markets scrambling
A look at the day ahead in European and global markets from Kevin Buckland And so it begins. Trump took to his platform Truth Social late on Monday to threaten…
Economy
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Japan’s Ishiba calls on businesses to provide big wage growth next year
TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would ask companies to raise wages significantly during next year’s labour negotiations in the spring, known as…
Factbox-Companies that might be affected by Trump’s promised tariffs
(Reuters) -President-elect Donald Trump on Monday pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China – detailing how he will implement campaign promises that…
UBS on track to fully own China securities joint venture
BEIJING/HONG KONG (Reuters) -One of UBS’s joint venture partners in China will sell its entire holding in a securities company, paving the way for the Swiss bank to fully own…
China’s yuan slides to four-month low on Trump’s tariff promise
SHANGHAI (Reuters) – The yuan fell against the U.S. dollar to its weakest in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on…
Trump tariffs, trade tensions to have limited impact on Asia- UBS
Investing.com– The return of President-elect Donald Trump to the White House in January could lead to renewed trade tensions, higher inflation, and market volatility, with tariffs on Chinese and other…
Fitch puts some Adani bonds on negative watch after US bribery charges
By Scott Murdoch and Tom Westbrook (Reuters) -Ratings agency Fitch has put some Adani Group bonds on watch for a possible downgrade after U.S. authorities indicted some key executives of…
Markets react to Trump’s tariff promise
SINGAPORE (Reuters) -U.S. President-elect Donald Trump said on Monday that on his first day in office he will impose a 25% tariff on all products from Mexico and Canada, and…
Japan’s corporate service inflation steady, keeps alive BOJ rate-hike prospect
By Leika Kihara TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation held steady near 3% in October, data showed on Tuesday, reinforcing the central bank’s view that rising wages…
Dollar gains after Trump vows tariffs against Mexico and Canada
SINGAPORE (Reuters) – The U.S. dollar rose broadly against major rivals on Tuesday after President-elect Donald Trump said he would sign an executive order imposing a 25% tariff on all…