Business
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as…
Tag
Tariffs
Business
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
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GM dodges tariffs with production shift to US from Mexico
RAL Motors plans to invest US$4 billion in its US plants over the next two years to boost output of some of its top-selling gas-powered…
Business
Lululemon plunges with growth plans threatened by Trump tariffs
LULULEMON Athletica posted a second straight disappointing quarter, fueling concerns that rising competition and new tariffs are derailing…
Business
Maybank cuts view on Malaysian banking sector to ‘neutral’ as tariffs, slower GDP weigh on earnings
Maybank Investment Bank has downgraded its rating for the Malaysian banking sector to “neutral”, from “positive” previously, due to slower…
Business
TSMC says tariffs have some impact but AI demand robust
[HSINCHU, Taiwan] US tariffs are having some impact but demand for artificial intelligence (AI) remains strong and continues to outpace…
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US: Wall St opens higher after court blocks most Trump tariffs
Wall Street’s main indexes opened higher on Thursday (May 29) after a federal court ruled against most of US President Donald Trump’s…
Business
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings…
Business
Singapore shares rise as US delays tariffs on European Union; STI up 0.5%
Across the broader market, gainers beat losers 249 to 180, after 1.1 billion securities worth S$958 million are traded Shares on the…
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Looming U.S. Tariffs Drove Swiss Watch Export Surge in April
PARIS – Watchmakers and retailers rushing to beat a looming, but moving, deadline for U.S. tariffs fueled timepiece exports in April. A…
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More margin calls and stopouts in April as Trump tariffs rattle markets
Several brokerages across Singapore observed up to double the number of margin calls and stopouts on such trades in April after US…
Business
Target Challenged by Tariffs, Weak Q1 Sales and Profit Miss
Target Corp.’s turnaround is taking time as the discount giant contends with changes both within and without. Not only is the company…
Business
No material impact from tariffs on bookings for now: SIA CEO
Singapore Airlines (SIA) has not seen any significant impact of the US tariff turmoil on its bookings for now, chief executive Goh Choon…
Business
Birkenstock’s Not Worried About Tariffs — Here’s Why
While other brands may be scrambling to figure out how to deal with tariffs, Birkenstock Holding plc has little to worry about on that…
Fashion
Tariffs Send Former Shein and Temu Shoppers To These Retailers
Shein and Temu fashionistas have found new options to get their apparel and footwear fix — thanks to higher prices slapped on the…
Business
US Fed rate pause keeps Asian markets steady, but watch out for tariffs: market observers
The US Federal Reserve keeping rates steady is a plus for stability in Asia’s financial markets, but trade uncertainty from tariffs…
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BMW sticks to 2025 outlook, but warns US tariffs will bite this quarter
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecasts German premium carmaker BMW on…
Business
IPhone maker Hon Hai’s April sales surge 26% ahead of US tariffs
Hon Hai Precision Industry, the main contract manufacturer for Apple and Nvidia, said its April revenue rose 26 per cent, likely boosted…
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US tariffs provide opportunities for Greenlink Digital Bank: chairman
The continued uncertainty with US tariffs could provide more opportunities rather than challenges to Greenlink Digital Bank (GLDB). GLDB…
Business
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial…
Business
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in…
Business
Thailand’s central bank cuts rate again; economy could face recession as US tariffs loom
Thailand’s central bank cut its key interest rate by a quarter point for a second consecutive meeting on Wednesday (Apr 30), in a move to…
Fashion
Louis Vuitton Has Bumped Up Handbag Prices in the U.S.
In the wake of the Trump administration’s tariffs, Louis Vuitton handbags just became more expensive in the U.S. Luxury analysts at…
Business
Tesla profit falls in the wake of brand controversy and tariffs
Tesla is off to a bumpy start this year. The electric vehicle giant’s profit plunged 71% in the first quarter to $409 million as the…