Stocks down, gold hits record after Trump’s latest tariff volley
NEW YORK -Global stocks fell for a second straight session and gold hit a record high on Thursday after the latest tariffs from U.S. President Donald Trump’s administration that expanded the trade war to autos. Trump on Wednesday announced 25%…
Japan putting ‘all options on table’ in dealing with US auto tariffs, PM Ishiba says
TOKYO – Japanese Prime Minister Shigeru Ishiba said on Thursday Tokyo will put “all options on the table” in dealing with Washington’s announcement to impose a 25% tariff on automobile imports. U.S. President Donald Trump on Wednesday unveiled a 25%…
Australia PM Albanese says election ‘imminent’ as government rushes to pass tax cuts bill
SYDNEY -Australia Prime Minister Anthony Albanese said on Thursday he planned to call an election “imminently” as his centre-left government rushed through the parliament a bill on fresh tax cuts in a bid to lift support and win back aggrieved…
Investors react as Trump auto tariffs rattle markets
Automaker stocks around the world slumped on Thursday after the latest round of U.S. tariffs were targeted at the sector. U.S. President Donald Trump said late on Wednesday the United States will effectively charge a 25% tariff on all cars…
Musk says impact of auto tariffs on Tesla is ‘significant’
Tesla CEO Elon Musk said on Wednesday that the impact of U.S. President Donald Trump’s auto tariffs on Tesla is “significant.” “Important to note that Tesla is NOT unscathed here. The tariff impact on Tesla is still significant,” Musk said…
US auto tariffs shake global industry as higher prices, job losses loom
DETROIT/BERLIN – U.S. President Donald Trump’s announcement of a 25% tariff on auto imports rippled throughout the world on Thursday, as global carmakers warned of immediate price hikes and dealers raised fears of job losses in big auto-exporting countries, many…
SK Hynix says some customers brought forward orders ahead of US tariffs
ICHEON, South Korea -South Korea’s SK Hynix, the world’s second-largest memory chip maker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs. Speaking at the company’s annual shareholder meeting, SK Hynix’s Head of…
Canada will respond to Trump auto tariffs with its own trade actions
Canadian Prime Minister Mark Carney said on Thursday that he would respond with unspecified trade actions if U.S. President Donald Trump imposes new auto tariffs that have expanded a global trade war and hammered stocks. Carney said he had not…
Ninestar says sale of Lexmark worth up to $150 million in equity value
BEIJING – China-based Ninestar Corp plans to sell printer and printing software maker Lexmark International II to Xerox in a deal with an equity value of up to $150 million. Ninestar said in an exchange filing on Wednesday that it…
Canada will react to Trump’s ‘attack’ soon, could impose tariffs, says Carney
OTTAWA -Canada will soon respond to new tariffs on imported vehicles announced by U.S. President Donald Trump and could impose retaliatory measures against the United States, Prime Minister Mark Carney said on Wednesday. Carney said Trump’s move was “a direct…
Trump asks if Lee Harvey Oswald was helped in assassinating JFK
WASHINGTON -U.S. President Donald Trump said on Saturday he believes the 1963 assassination of President John F. Kennedy was carried out by Lee Harvey Oswald but asked if the gunman had help. When asked if he believes Oswald killed JFK,…
South Korea’s Constitutional Court strikes down impeachment of PM Han Duck-soo
SEOUL-South Korea’s Constitutional Court ruled on Monday to strike down the impeachment of Prime Minister Han Duck-soo and restore his powers, marking the latest twist in the country’s political turmoil after his impeachment as acting president more than two months…
Trump’s Social Security chief backs down from ‘shutting down’ agency
WASHINGTON -The head of the U.S. Social Security Administration has backed down from “shutting down the agency” after a federal judge rebuked him for misinterpreting a court ruling that limited billionaire Elon Musk’s access to agency information. The agency’s leader,…
Exclusive-Thousands of agents diverted to Trump immigration crackdown
WASHINGTON -Federal agents who usually hunt down child abusers are now cracking down on immigrants who live in the U.S. illegally. Homeland Security investigators who specialize in money laundering are raiding restaurants and other small businesses looking for immigrants who…
Chuck Schumer holds firm, rejecting calls to quit as top Senate Democrat
U.S. Senate Minority Leader Chuck Schumer on Sunday dismissed calls from some Democratic lawmakers for him to step down as leader in the Senate over his approach to a recently passed government funding bill. Schumer sparked anger among Democrats last…
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO – Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Brent crude futures were down 8…
US equity funds’ weekly outflows surge to a three-month high on tariff concerns
US equity funds’ weekly outflows surge to a three-month high on tariff concerns(Reuters) – U.S. equity funds saw the largest net outflows in three months in the week through March 19 on worries about the impact of U.S. tariff policies…
Defying protests, Israeli cabinet votes no confidence in attorney general
Israeli Prime Minister Benjamin Netanyahu’s cabinet approved a no confidence motion against the attorney general on Sunday, in its latest move on officials deemed hostile to the government, defying protesters who took to the streets for a sixth day. After…
Trump’s offer of talks with Iran aims to avoid military action, US envoy says
WASHINGTON -U.S. President Donald Trump’s outreach to Iran’s top authority, Supreme leader Ayatollah Ali Khamenei, on a possible new nuclear deal is an effort to avoid military action, U.S. special envoy Steve Witkoff said on Sunday. “We don’t need to…
Ukraine, US teams hold talks in Saudi Arabia, US envoy hopeful on ending war
Ukrainian and U.S. delegations discussed on Sunday proposals to protect energy facilities and critical infrastructure, Ukraine’s defence minister said, part of a diplomatic push by U.S. President Donald Trump to end three years of war. The meeting in Saudi Arabia,…