News

South Korea unveils $23 billion support package for chips amid US tariff uncertainty
South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 ...
Oil price drop turns up heat on emerging market crude exporters
A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could ...
Tariffs uncertainty clouds outlook for ASML's earnings
Investors will seek clarity on the risks posed by tariffs U.S. President Donald Trump plans to impose on the semiconductor industry when computer chip equipment maker ASML reports first-quarter ...
LVMH shares slump after luxury giant's Q1 sales miss forecast
LVMH shares slid lower on Tuesday after the world's largest luxury group posted first quarter revenues that undershot expectations.
Exclusive: Nissan to cut Japanese production of top-selling US model due to tariffs, source says
Nissan will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing ...
China's murky bankruptcies expose hazards for foreign investors
One of China's top officials overseeing Hong Kong affairs, Xia Baolong, said on Tuesday that the United States' tariff war was "extremely shameless" and aims to "take away Hong Kong's life".
Trump administration freezes about $2.3 billion in funding to Harvard
The U.S. Department of Education said on Monday it was freezing about $2.3 billion in federal funds to Harvard University ...
Markets volatile but no huge drop in short-term liquidity, BOJ official says
Global markets are experiencing volatility from uncertainty over U.S. tariff policy but not seeing a huge decline in short-term liquidity, a senior Bank of Japan official said on Tuesday.
Dollar steady as traders grapple with tariff uncertainty, volatility
The dollar was steady on Tuesday but stayed close to the three-year low against the euro and a six-month trough against the yen it hit last week as investors struggled to make sense of the ...
Another Columbia student arrested by US immigration officials
A U.S. judge in Vermont on Monday ordered the Trump administration not to deport a Columbia University student and ...
European shares rise after Trump touts auto-related tariff break, LVMH slumps
European shares edged higher on Tuesday as investors digested fast-changing U.S. tariff plans, while LVMH slumped after disappointing first-quarter revenue from the world's largest luxury group ...
South African rand recovers further on bets coalition will hold
The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget.