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  • Apr 24, 2025

Asian shares soar after Wall Street rallies into a 3rd day

Asian markets were higher Friday after Wall Street rallied for the third day, driven by hopes for the Federal Reserve to cut rates. The rally was boosted by hopes that Trump was softening his approach on tariffs and his criticism of the Federal Reserve, but China denied Thursday it’s involved in active trade negotiations with the U.S. Tech stocks rose in China after some semiconductor import companies told Caijing Magazine that some chips made in the U.S. had been quietly exempted from the country's 125% retaliatory tariffs.

  • Apr 24, 2025

Stocks, dollar eye weekly rise on hints of tariff relief

SINGAPORE/HONG KONG (Reuters) -Asian stock markets headed for a second straight week of gains on Friday and the dollar for its first weekly rise in more than a month as investors focused on signs the U.S. and China were prepared to pull back from their trade war. European futures rose 0.6% and FTSE futures were up 0.2%. Tit-for-tat tariffs that began with U.S. President Donald Trump's announcement of hefty import levies on April 2 had threatened to stall trade between the world's two biggest economies and prompted concern about a slowdown in global growth.

  • Apr 24, 2025

Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show

Booths of big Chinese, German and Japanese automakers were bustling at Shanghai’s auto show this week as the industry kept its focus on a wider global market not subject to steep U.S. tariffs on imports of cars and auto parts. Signs are that U.S. President Donald Trump’s 25% tariffs on auto imports is causing companies to recalibrate their strategies, and in some cases find new opportunities.

  • Apr 24, 2025

Tokyo Inflation Quickest in Two Years as Rice Prices Soar 93%

(Bloomberg) -- Subscribe to Economics Daily for the latest news and analysis.Most Read from BloombergTrump Gives New York ‘One Last Chance’ to End Congestion FeeWhy Car YouTuber Matt Farah Is Fighting for Walkable CitiesBackyard Micro-Flats Aim to Ease South Africa’s Housing CrisisThe Racial Wealth Gap Is Not Just About MoneyTo Fuel Affordable Housing, This Innovation Fund Targets Predevelopment CostsThe pace of inflation in Tokyo accelerated from the previous month to the fastest pace in two ye

  • Apr 24, 2025

Fed's Kashkari nervous that trade policy uncertainty will lead to layoffs

The most optimistic thing that could happen this year for the U.S. economy would be "a resolution of trade disputes with our major trading partners, that would relieve extraordinary uncertainty that ... businesses large and small and people across the country are experiencing right now," Kashkari said at the University of Minnesota. "And the thing about confidence is if we all get nervous at the same time ... it can really bring down the economy, really slow it down."

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