Business
VW cuts outlook after US tariffs added 1.3 billion euros in costs
Volkswagen lowered its financial outlook for the year, with the escalating cost of President Donald Trump’s tariffs weighing on earnings…
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Tariffs
Business
Trump tariffs take US$1-billion bite out of GM earnings, shares fall
General Motors’ (GM) second-quarter earnings took a US$1.1-billion hit from tariffs, but the automaker still beat analyst expectations for…
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Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
Business
Trump tariffs to decimate China profits: Bloomberg Economics
Most of China’s industries can’t survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Business
Trump tariffs to decimate China profits: analysis
Most of China’s industries cannot survive US President Donald Trump’s tariffs at current levels, according to a new analysis by Bloomberg…
Business
EY Report Says Italy’s GDP Could Fall 1.4 Percent If U.S. Tariffs Hit 30 Percent
MILAN – There are still a lot of ifs, but failure to negotiate U.S. President Donald Trump‘s 30 percent tariffs on European goods by the…
Business
Why Tariffs (Probably) Won’t Cause Inflation (But Still Raise Prices)
Not all bad economic policy is inflationary, and not causing inflation doesn’t make economic policy good. Source link
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Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Business
Fed’s Logan says it will take until autumn to see tariffs’ inflation effect
AS Federal Reserve Bank President Lorie Logan said on Tuesday she expects it will take until the fall to understand the effect of tariffs…
Business
Senior Fed official says it will take until autumn to see tariffs’ inflation effect
AS Federal Reserve Bank President Lorie Logan said on Tuesday (Jul 15) that she expects it will take until the fall to understand the…
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US tariffs could have pandemic-like impact on planemaker Embraer, CEO says
The 50 per cent tariff that US President Donald Trump plans to impose on Brazilian exports starting in August could hammer the revenue of…
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Volvo takes US$1.2 billion charge over tariffs and EV model delays
Volvo is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash impairment…
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Volvo takes 11.4 billion Swedish kronor charge over tariffs and EV model delays
Carmaker is also struggling to attract EV buyers in the highly competitive Chinese market Volvo Car is taking a one-time non-cash…
Business
US tariffs put spotlight on industrial S-Reits’ upcoming H1 earnings
Market watchers remain cautious on the performance of industrial Singapore-listed real estate investment trusts, or S-Reits, ahead of the…
Business
US markets grapple with tariffs as bullish trends emerge
US equity markets showed a mixed mid-day performance on Thursday (Jul 10) as investors weighed President Donald Trump’s new tariff…
Business
Wall Street Ends Lower as Trump Targets Canada with Tariffs, Nvidia Hits $4 Trillion
The impact of the US president's tariff threats was evident in the US markets. Wall Street slid on Friday, led by a decline in Meta…
Business
Oil rises over 2% as investors weigh market outlook, tariffs, sanctions
Oil prices rose over 2 per cent on Friday (Jul 11) as the International Energy Agency (IEA) said the market was tighter than it appears,…
Business
Europe: Stocks down with bank and healthcare drag, US-EU tariffs in focus
European shares closed lower on Friday (Jul 11), as losses in banks and healthcare stocks weighed at the end of a week marred by US…
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PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs
China should add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency…
Business
Tariffs, potential MSCI ousting may dampen Genting Singapore’s expected H2 earnings uplift: DBS
Genting Singapore might not get as much of an uplift as was hoped for. This is as macroeconomic uncertainties, tariffs and a potential…
Business
DBS downgrades Genting Singapore shares, lowers target price, on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded shares of Genting Singapore to a hold rating, and also lowered its target price. This is as…
Business
US: Nasdaq ends at record as stocks shrug off latest Trump tariffs
The Nasdaq vaulted to a fresh record on Wednesday, shrugging off new tariff threats from President Donald Trump as Nvidia became the first…
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Amazon sellers curb Prime Day discounts with tariffs taking bite
Amazon.com’s Prime Day is slamming into US President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out…
Business
Singapore stocks hold firm after latest salvo of US tariffs; STI up 0.4%
The local bourse extended its rally on Tuesday (Jul 8), after Washington announced the first wave of new tariffs on 14 countries – which…