Business
US: Nasdaq ends at record, Dow falls as tariff hikes take effect
The Dow fell while the Nasdaq finished at a fresh record on Thursday as markets grappled with worries over lofty equity valuations in…
Tag
Hikes
Business
P&G estimates US$1 billion tariff hit, plans some US price hikes
Procter & Gamble executives projected a US$1 billion hit from US tariffs over the next year on Tuesday as the consumer products giant said…
Business
US firms passing some cost hikes to consumers: Fed survey
Many US firms passed along “at least a portion of cost increases” to consumers in recent weeks, as businesses faced higher prices linked…
Business
BOJ will hold off rate hikes until March due to US tariff hit, ex-policymaker says
The Bank of Japan will likely hold off raising interest rates again until at least next March to assess the damage that US tariffs could…
Business
Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply.…
Business
Oil tumbles as Opec+ hikes August output more than expected
Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August, raising…
Business
BOJ should resume rate hikes after pause, board member Takata says
Bank of Japan board member Hajime Takata said on Thursday the central bank should resume interest rate hikes following a temporary pause…
News
Minimum wage hikes take effect for 880,000 workers across the U.S.
Workers in about 15 locations nationwide are about to receive a boost in their paychecks, thanks to minimum wage increases that went into…
Business
Slow rate hikes could cause wage-price spiral, Bank of Japan paper says
Hiking interest rates only gradually as raw material costs rise could heighten the risk of an upward spiral in wages and consumer prices,…
News
Fed’s Powell says he expects to see more tariff-driven price hikes in coming months
Federal Reserve Chair Jerome Powell said on Wednesday goods price inflation will pick up over the course of the summer as President Donald…
Business
Bank of Japan split over how US policies impact rate hikes: March minutes
Bank of Japan policymakers were divided in March over how soon the central bank should raise interest rates again as uncertainty stemming…
Fashion
Hermès Hikes Prices in the U.S.
PARIS — As the business world adjusts to the Trump administration’s tariffs, Hermès International has followed through with the price…
News
Temu, Shein see US sales drop in week after tariff price hikes
Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US…
Culture
Oil drops more than US$2/barrel as Opec+ accelerates output hikes
Oil prices fell more than US$2 a barrel in early Asian trade on Monday as Opec+ is set to further speed up oil output hikes, spurring…
Business
Bank of Japan sees window for rate hikes narrowing but not closed yet
The Bank of Japan’s (BOJ’s) rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with US…
Business
Coca-Cola results beat estimates on price hikes, demand surge
Coca-Cola on Tuesday (Apr 29) reported better-than-expected revenue and profit for the first quarter, as the beverage giant benefits from…
Fashion
Shein hikes US prices as much as 377% ahead of tariff increases
Fast-fashion giant Shein Group raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in…
News
Procter & Gamble Cuts Full-year Forecast Amid Tariffs and Weaker Demand, Signals Price Hikes
Procter & Gamble lowered its full-year forecast on the back of lower sales and sky high tariffs on China. It also indicated that it would…
Business
Nestle sales rise on price hikes for coffee, cocoa products
Nestle’s sales rose as the maker of Nespresso and KitKat candy bars increased prices to counter soaring costs for coffee and cocoa.…
News
Indonesia hikes mining royalties to fund Prabowo policies
Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund…
News
Gold climbs on safe-haven demand as Trump hikes China tariffs
Gold prices rose on Thursday (Apr 10) as investors turned to the safe-haven asset after US President Donald Trump escalated tariffs on…
News
As Trump hikes tariffs, nervous businesses weigh what comes next
Natalie Sherman Business reporter, New York Watch: Trump says tariffs will be 'legendary' ahead of 104% tax on China US President Donald…
News
Luxury Shares Drop, Price Hikes Loom in Wake of Trump Tariffs
After what HSBC dubbed “greedflation” – substantial price hikes amid euphoric post-pandemic purchasing – European luxury goods are set to…
Business
Sony hikes profit forecast on strong gaming business
It expects a net profit of 1.08 trillion yen (S$9.44 billion) in the year ending March 31, compared with an earlier projection of 980…