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Shein's tariff-busting shift hits home in Chinese factory hub
GUANGZHOU, China, April 16 (Reuters) - The rapid rise of ultra-fast fashion retailer Shein has been so key to the fortunes of a group of urban villages on the outskirts of China's southern metropolis of Guangzhou that they have been colloquially dubbed "Shein villages".
Wed, Apr 16
JGB yields track US peers lower as lull in tariff news offers respite
TOKYO, April 16 (Reuters) - Longer-dated Japanese government bond yields on Wednesday pulled back sharply from two-decade highs reached earlier in the week, tracking declines in U.S. Treasury yields as investors adjusted positions amid a lull in tariff headlines.Twenty- and thir...
Wed, Apr 16
Japan's Nikkei sags as chip shares dragged down by Nvidia curbs
TOKYO, April 16 (Reuters) - Japan's Nikkei share average was headed for its first decline this week on Wednesday, as chip-sector shares sank after Nvidia NVDA.O said the U.S. government is limiting exports of a key chip to China.
Wed, Apr 16
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California attorney general declines to join Musk's lawsuit against OpenAI
SAN FRANCISCO, April 15 (Reuters) - The California attorney general's office declined to join a lawsuit by Elon Musk against OpenAI, the agency wrote in a letter made public on Tuesday, saying that the office did not see how Musk's action serves the public interest of the state.
Wed, Apr 16
At China's largest trade fair, exporters say US markets are 'frozen'
GUANGZHOU, China, April 15 (Reuters) - Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished."It's a matter of life and death because 60-70% of our business is with American clients," said Li, marketing...
Wed, Apr 16
Bank of America rises after Q1 profit beat
Shares of second-largest U.S. lender Bank of America BAC.N up 2.1% at $37.44 premarket** BofA beats estimates for Q1 profit as interest income grew and volatile markets helped its stock traders rake in a record haul** BofA's net interest income (NII) — difference between what it earns on loan...
Wed, Apr 16
Citigroup rises after Q1 profit beat
U.S. lender Citigroup's C.N shares rise 1.2% to $63.98 premarket** Citigroup beats Wall Street estimates for first-quarter profit as its traders reaped a windfall from volatile markets that fueled client activity** Citi reports a net income of $4.1 bln, or $1.96 per share in Q1, analysts on a...
Wed, Apr 16
Oil prices steady as market considers latest US tariff changes
IEA slashes oil demand forecast for this year and nextTrade tariff uncertainty causes banks to cut oil price forecastsChina's exports rose sharply in March ahead of US tariffs By Scott DiSavino NEW YORK, April 15 (Reuters) - Oil prices were little changed on Tuesday as investors digested the ...
Tue, Apr 15
Citigroup profit beats estimates, moves toward target as trading revenue jumps
Profit boosted by volatile markets and client activityGuidance for 2025 maintainedCiti CEO says some areas of consent orders are close to regulators' targetsBank expects to be ready for Banamex IPO by year-endReturn on tangible common equity at 9%, closer to profitability goalBy Tatiana Bautzer ...
Tue, Apr 15
Johnson & Johnson CEO warns US tariffs may disrupt drug supply
CEO says tax policies more effective than tariffs to encourage U.S. manufacturingJ&J's shares down marginally, investors cite weak medical device sales Depression drug Spravato expected to generate $3 billion-3.5 billion in annual sales by 2028By Patrick Wingrove and Bhanvi Satija April ...
Tue, Apr 15
PRECIOUS-Gold rises as investors seek safety amid uncertainty on Trump tariffs
Gold hit record high of $3,245.42 on MondayFed's Bostic calls for U.S. central bank to hold off until tariff clarityEconomic slowdown, political uncertainties likely to fuel gold demand, analyst saysBy Anmol Choubey April 15 (Reuters) - Gold prices rose on Tuesday as investors continued to fl...
Tue, Apr 15
FACTBOX-HSBC trims Brent crude oil price forecasts for 2025 and 2026
April 15 (Reuters) - HSBC revised down its Brent crude oil price forecasts for 2025 and 2026, following the announcement of tariffs by U.S. President Donald Trump and the decision by OPEC+ to increase production, the bank said in a note on Tuesday.The bank's forecast for 2025 has been reduced to...
Tue, Apr 15
US STOCKS-US stock futures muted as investors assess scope for more tariff exemptions
April 15 (Reuters) - U.S. stock index futures were subdued on Tuesday, as investors tried to gauge the possibility of a tariff relief for the auto sector after President Donald Trump hinted at more exemptions.
Tue, Apr 15
AMD set to produce its CPU chip at TSMC plant in Arizona
Marks first time AMD products will be made in USDecision pre-dates Trump taking office but US manufacturing a "priority", says CEOUS investigating whether to potentially impose tariffs on chipsBy Wen-Yee Lee TAIPEI, April 15 (Reuters) - Advanced Micro Devices AMD.O said on Tuesday its key...
Tue, Apr 15
Euro zone bond yields dip as investors weigh further tariff carve-outs
LONDON, April 15 (Reuters) - Euro zone bond yields dipped on Tuesday as investors mulled U.S. President Donald Trump’s suggestion that he might grant further sectoral carve-outs from tariffs, this time for automakers.
Tue, Apr 15
Superlong JGB yields hover near two-decade highs on tariff jitters
TOKYO, April 15 (Reuters) - Longer-dated Japanese government bond yields hovered near two-decade highs on Tuesday as worries persisted about the potential economic fallout from U.S. President Donald Trump's aggressive tariff campaign.
Tue, Apr 15
GLOBAL MARKETS-Cautious shares edge up on some tariff reprieve, bonds hold steady
SINGAPORE, April 15 (Reuters) - Asia shares rose on Tuesday but futures pointed to weakness in Europe and the United States after President Donald Trump suggested he might grant exemptions on auto-related tariffs.
Tue, Apr 15
Nissan to cut Japanese production of top-selling US model due to tariffs, source says
TOKYO, April 15 (Reuters) - Nissan 7201.T will cut Japanese production of its top-selling U.S. model, the Rogue SUV, over May-July, said a person familiar with the matter, becoming the latest global automaker to alter manufacturing plans in response to new U.S. import tariffs.
Tue, Apr 15
US Treasury's Bessent backs Argentina's economic reforms with eye on China
WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent said he met with Argentine President Javier Milei on Monday to underscore the Trump administration's full support for economic reforms that were bringing the Latin American country "back from the precipice."
Tue, Apr 15
GLOBAL MARKETS-Asia shares rise, bonds hold steady on some tariff reprieve
SINGAPORE, April 15 (Reuters) - Asia shares edged slightly higher on Tuesday, helped by gains in auto companies after U.S. President Donald Trump suggested he might grant exemptions on auto-related levies already in place.
Tue, Apr 15
