TOKYO (Reuters) – Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would ask companies to raise wages significantly during next year’s labour negotiations in the spring, known as ‘shunto’. Ishiba made the remarks at the end of a three-party meeting between the government, businesses and union leaders. Source
(Reuters) -President-elect Donald Trump on Monday pledged tariffs on the United States’ three largest trading partners – Canada, Mexico and China – detailing how he will implement campaign promises that could trigger trade wars. Here are companies with a manufacturing presence in Mexico. ASIAN AUTOMAKERS Honda (NYSE:HMC) Motor sends 80% of its production in Mexico…
Investing.com– Rivian said on Monday it had received conditional approval for an up to $6.6 billion loan from the U.S. Department of Energy, which is likely to be deployed towards a planned factory in Georgia. Rivian Automotive Inc (NASDAQ:RIVN) received conditional approval from the DOE’s Advanced Technology Vehicle Manufacturing (ATVM) loan program, the electric vehicle…
Investing.com– Most Asian stocks declined on Tuesday after U.S. President-elect Donald Trump threatened to impose additional trade tariffs on China and other countries, ramping up fears of a renewed trade war. Trump said on his Truth Social network that he would impose an additional 10% tariff on goods from China and 25% on all products from…
Investing.com– Positioning in the S&P 500 surged back to record highs in recent weeks on improved risk appetite, Citi analysts said in a recent note, although stretched bullish positions made stocks vulnerable to a turn in sentiment. Citi said positioning for the S&P 500 was solely one-sided, with long notional positions at well over $100…
By Renju Jose SYDNEY (Reuters) – Google (NASDAQ:GOOGL) and Facebook-owner Meta Platforms (NASDAQ:META) urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact. Prime Minister Anthony Albanese’s centre-left government wants to pass the…
By Scott Murdoch and Tom Westbrook (Reuters) -Ratings agency Fitch has put some of Adani Group’s bonds on watch for a possible downgrade after some of the firm’s key executives were indicted by U.S. authorities on bribery charges. Adani Energy Solutions Ltd, Adani Electricity Mumbai and some of Adani Ports and Special Economic Zone rupee…
SHANGHAI (Reuters) – The yuan fell against the U.S. dollar to its weakest level in nearly four months after U.S. President-elect Donald Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. Offshore yuan dropped roughly 0.3% on the news to…
Investing.com– Qualcomm Incorporated (NASDAQ:QCOM) is reconsidering its interest in pursuing a takeover of beleaguered chipmaker Intel Corporation (NASDAQ:INTC), Bloomberg reported on Monday, amid concerns over the complexities of a potential deal. Reports earlier this year suggested Qualcomm was considering a bid for Intel, especially after the latter’s shares fell sharply in value as it flagged increased…
Investing.com– The return of President-elect Donald Trump to the White House in January could lead to renewed trade tensions, higher inflation, and market volatility, with tariffs on Chinese and other imports posing the most significant risks to the global economy, according to UBS analysts. However, they believe that Asia is better positioned to weather these…
