Business
Shein’s London IPO stalled amid US tariff fallout
Shein Group’s initial public offering (IPO) plan has slowed to a crawl as the retailer assesses the impact of US tariffs on its business…
Tag
tariff
News
Trump’s Tariff on Cheap Chinese Imports Will Cost Big Tech Billions
The expansion of the loophole for tariff-free shipments of goods nearly a decade ago gave rise to Temu, Shein and other low-cost online…
News
US Hiring Stayed Strong Amid Early Days of Tariff Policy, Jobs Report Shows
The latest message from the data on the U.S. economy is simple: So far, so good, until further notice. The labor market remained in a…
Business
Stock Market on Track to Erases Losses From Trump’s ‘Liberation Day’ Tariff Rollout
Stocks on Friday erased losses suffered in the days after President Trump’s chaotic rollout of tariffs in early April, bolstered in part…
News
Japan’s finance minister says U.S. Treasury holdings could be ‘a card’ in Trump tariff talks
Japan’s massive holdings of U.S. Treasurys can be “a card on the table” in negotiations over tariffs with the Trump administration,…
Business
US: Wall Street opens higher on tariff, jobs data optimism
stock indexes opened higher on Friday (May 2), as signs of a de-escalation in the trade war with China and a stronger-than-expected jobs…
Business
Why Apple Warned About a $900 Million Tariff Hit
The worst is yet to come Wall Street had been anxiously awaiting the latest quarterly results from Amazon and Apple to see how badly the…
Business
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
StanChart profit beats as lender weighs impact of tariff war
DARD Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
Business
StanChart Q1 profit beats estimates as lender weighs impact of Trump’s tariff war
Standard Chartered reported first-quarter profit that beat estimates as it weighs the impact of US President Donald Trump’s trade war.…
News
Trump Ends Chinese Tariff Loophole, Raising the Cost of Online Goods
The Trump administration on Friday officially eliminated a loophole that had allowed American shoppers to buy cheap goods from China…
Business
Asia: Stocks gain after China teases US tariff talks
Asian markets largely rose on Friday, tracking Wall Street gains, as China said it was considering a US offer to negotiate steep tariffs.…
Business
Apple expects US$900 million tariff hit as shifts US iPhone supply to India
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and was disrupting…
Business
Apple expects US$900 million tariff hit as it shifts US iPhone supply to India
Apple on Thursday (May 1) reported first-quarter profit above expectations, but warned that US tariffs could cost the company and were…
News
Xbox joins PlayStation in hiking console prices amid US tariff pressures
OSOFT’S Xbox is hiking the prices of its gaming consoles, controllers, first-party titles and other accessories, following similar moves…
News
As a Tariff Loophole Closes, Sellers Who Import From China Brace for Chaos
Small-ticket items shipped to the United States from China will no longer be exempt from tariffs starting on Friday, when a decision by…
News
A month after Trump’s tariff madness, shockwaves still being felt around the world
If US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his…
News
A month after Trump’s tariff madness, shock waves are still being felt around the world
IF US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty surrounding…
News
Bipartisan Senate effort to nullify Trump tariff powers narrowly defeated by GOP leaders
The Senate GOP on Wednesday narrowly defeated a bipartisan effort to nullify the national emergency that President Trump used to justify…
Business
Europe: Stoxx 600 clocks second consecutive monthly loss hit by tariff woes
European shares closed higher in a volatile session on Wednesday (Apr 30) as investors assessed key data around the world and corporate…
News
Do CEOs Dare Risk Tariff Transparency, and Draw Trump’s Fury?
Trump’s price war At a rally in Michigan last night, President Trump declared that “we’re ending the inflation nightmare.” But corporate…
Business
UBS Q1 profit tops forecasts but Trump tariff shock clouds outlook
UBS on Wednesday (Apr 30) posted better-than-expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US…
Business
Gold prices steady as investors await key US data, tariff updates
Gold prices held their ground on Wednesday (Apr 30) as investors awaited potential trade developments between the United States and its…