News
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Tesla's new car sales in Italy down 7% in first quarter despite 51% jump in March
MILAN, April 1 (Reuters) - Tesla's TSLA.O new car registrations in Italy rebounded sharply in March after a plunge the previous month to stand down 7% year-on-year in the quarter as a whole, data from the Transport Ministry showed on Tuesday.The quarterly number adds to signs that drivers are sh...Reuters
Tue, Apr 1
GM's first-quarter US auto sales rise nearly 17%
April 1 (Reuters) - General Motors GM.N reported an about 17% rise in first-quarter U.S. sales on Tuesday, helped by demand for its pickup trucks and affordable crossover SUVs.Quarterly sales of GM's affordable Chevrolet Trax SUV, which is made in South Korea, jumped 57%, signaling that some buy...Reuters
Tue, Apr 1
Analysts cut Mexico's 2025 growth forecast to 0.5%
MEXICO CITY, April 1 (Reuters) - Private sector analysts expect the Mexican economy to grow just 0.5% this year, a drop from their February forecast of 0.81%, a Mexican central bank survey showed Tuesday. Analysts expect Mexico's benchmark interest rate to end the year slightly lower, at 8.0%, i...Reuters
Tue, Apr 1
TREASURIES-US yields drop after data with tariff announcements on deck
US manufacturing PMI drops to 49.0, signaling contractionJob openings fall by 194,000 amid tariff uncertaintyFed officials cautious on rate cuts amid inflation concernsBy Chuck Mikolajczak NEW YORK, April 1 (Reuters) - U.S. Treasury yields were sharply lower on Tuesday, after economic data indica...Reuters
Tue, Apr 1
WRAPUP 4-Factories around the world brace for Trump tariffs
Euro zone factories see bounce in March, front-loading citedU.S., Japan, S. Korea, Taiwan see factory activity shrinkChina's rebound seen as short-lived as tariff hits exportsBy Jonathan Cable and Leika Kihara LONDON/TOKYO, April 1 (Reuters) - Factories around the world, from Japan to Britain...Reuters
Tue, Apr 1
ANALYSIS-US tariffs on Vietnam would be a blow to Nike and other sportswear brands
Nike, Adidas and rivals heavily rely on Vietnam for productionHalf of Nike's footwear is made in VietnamPotential tariffs could force price hikes, derail sales recoveryVietnam's efforts may mitigate tariff impactsBy Nicholas P. Brown and Helen Reid NEW YORK/LONDON, April 1 (Reuters) - Nik...Reuters
Tue, Apr 1
US construction spending beats expectations in February
WASHINGTON, April 1(Reuters) - U.S. construction spending increased more than expected in February as a decline in mortgage rates boosted single-family homebuilding, though rising economic uncertainty because of tariffs on imports could slow momentum. The Commerce Department's Census Bureau said...Reuters
Tue, Apr 1
Euro zone bond yields fall as US tariffs loom, markets mull ECB rate outlook
By Lucy Raitano LONDON, April 1 (Reuters) - Euro zone bond yields fell on Tuesday, as traders awaited details of U.S. President Donald Trump's reciprocal tariffs on Wednesday, while the latest inflation figures backed the market's expectation of a European Central Bank rate cut in April. ...Reuters
Tue, Apr 1
US job openings decline in February amid rising economic uncertainty
WASHINGTON, April 1 (Reuters) - U.S. job openings fell in February as rising uncertainty over the economy due to tariffs on imports curbed demand for labor.Job openings, a measure of labor demand, dropped 194,000 to 7.568 million by the last day of February, the Labor Department's Bureau of Labo...Reuters
Tue, Apr 1
US to support Taiwan amid China's military pressure, State Dept. spokesperson says
WASHINGTON, April 1 (Reuters) - The United States is closely monitoring China's military activity near Taiwan and will continue to support the island in the face of Beijing's military, economic and diplomatic pressure, a State Department spokesperson said on Tuesday."China has shown that...Reuters
Tue, Apr 1
US manufacturing slips back into contraction as tariffs angst mounts
Manufacturing sags in March; new orders weakest since 2023Measure of input prices highest in almost three yearsFactory employment continues to shrink amid layoffsBy Lucia Mutikani WASHINGTON, April 1(Reuters) - U.S. manufacturing contracted in March after growing for two straight months, while a ...Reuters
Tue, Apr 1
