TOKYO (Reuters) – The dollar rose against major peers on Tuesday after U.S. President-elect Donald Trump threatened Canada and Mexico with a 25% tariff on all imports into the United States. Stocks were weak after strong gains globally in the previous session following fund manager Scott Bessent being nominated as Treasury Secretary, considered by investors…
By Leika Kihara TOKYO (Reuters) -A leading indicator of Japan’s service-sector inflation held steady near 3% in October, data showed on Tuesday, reinforcing the central bank’s view that rising wages are prodding more firms to pass on higher labour costs through price hikes. Service-sector inflation is being closely watched by the Bank of Japan for…
SAO PAULO (Reuters) – Brazilian antitrust regulator Cade said on Monday that Apple (NASDAQ:AAPL) must lift restrictions on payment methods for in-app purchases, among other things, as the watchdog moved to proceed with an investigation into a complaint filed by Latin America e-commerce giant MercadoLibre (NASDAQ:MELI). Apple in Brazil declined to comment. MercadoLibre did not…
SINGAPORE (Reuters) – U.S. President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China. The announcement sparked a dollar rally. It rose 1% against the Canadian dollar and 2% against…
Investing.com– U.S. stock index futures fell on Monday evening after President-elect Donald Trump threatened to impose higher import tariffs on China, Canada and Mexico on concerns over illegal drugs and immigration. S&P 500 Futures fell 0.3% to 5,989.75 points, while Nasdaq 100 Futures fell 0.3% to 20,817.75 points by 19:03 ET (00:03 GMT). Dow Jones…
Investing.com– Federal Reserve Bank of Minneapolis President Neel Kashkari told Bloomberg TV on Monday that it was still appropriate to consider another quarter-point interest rate cut in December. Kashkari said policymakers were still considering a 25 bps rate reduction in the Fed’s final meeting for the year. “It’s still a reasonable consideration,” he told Bloomberg…
WASHINGTON (Reuters) – A U.S. federal appeals court is expected to rule by Dec. 6 whether to uphold a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the U.S. by early next year or face a ban. President-elect Donald Trump has said he will not allow TikTok, which is used…
(Reuters) – U.S. President-elect Donald Trump said on Monday he would sign an executive order imposing a 25% tariff on all products coming in to the United States from Mexico and Canada. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a…
Investing.com– President-elect Donald Trump said on Monday that he will impose an additional 10% tariff on all Chinese imports to the U.S. to pressure Beijing into curbing the flow of illegal drugs into the U.S. Trump said in a post on Truth.social that he had held numerous talks with Chinese officials over curbing the supply…
By Jonathan Stempel NEW YORK (Reuters) -Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was criminally charged on Monday with running a more than $600 million “cherry-picking” scheme where he fraudulently favored some clients’ accounts over others when allocating trades. Leech, 70, was charged with four counts of fraud and one…
