Asia-Pacific markets traded higher, tracking Wall Street gains overnight. Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South Korea's Kospi climbed 0.83%, and the small-cap Kosdaq jumped 0.65%. Australia's benchmark S&P/ASX 200 added 0.41%. Futures for Hong Kong's Hang Seng index stood at 26,464, higher than its last close of 26,086.32. Equities in several parts of the world have been rallying as easing inflation pressures and expectations for U.S. rate cuts boost investor sentiment. "Momentum and the promise of...
The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products. The department said 407 product categories are being added to the list of "derivative" steel and aluminum products covered by sectoral tariffs, with a 50% tariff on any steel and aluminum content of these products plus the country rate on the non-steel and non-aluminum content. Evercore ISI said in a...
U.S. President Donald Trump said on Tuesday he ruled out putting U.S. troops on the ground in Ukraine but said the United States might provide air support as part of a deal to end Russia's war in the country. A day after Trump pledged security guarantees to help end the war at an extraordinary White House summit, the path to peace remained uncertain as the U.S. and allies prepared to work out what military support for Ukraine might include. "When it comes to security, (Europeans) are willing to put people on the ground. We're willing to help them with things, especially, probably, ... by...
Donald Trump urged Russia's Vladimir Putin and Ukraine's Volodymyr Zelenskiy to show "flexibility" as the US president seeks to expedite his efforts to end the war in Ukraine. "I hope President Putin will behave, and if he doesn't, it's going to be a difficult situation," Trump said Tuesday in an interview on Fox News. "I hope Zelenskiy, President Zelenskiy, will do what he has to do. He has to show flexibility." Trump's comments follow a series of twists and turns as the US president seeks to end Russia's war against Ukraine, now in its fourth year. Trump held a summit in Alaska with...
S&P Global Ratings stated that revenue from Donald Trump's tariffs will help mitigate the impact of the president's tax cuts on US fiscal health, allowing the country to maintain its current credit rating. Although Trump's trade war has roiled markets, unsettled foreign governments, and drawn criticism from leading economists, S&P affirmed the US's AA+ rating—a score it has held since 2011, when it first downgraded the world's largest economy from AAA. This is partly because S&P expects the inflow of tax revenues to offset the impact of the recent tax and spending bill on the...
US President Donald Trump told President Volodymyr Zelenskiy on Monday that the United States would help guarantee Ukraine's security in any deal to end Russia's war there, though the extent of the assistance was unclear. Trump made the pledge during an extraordinary summit at the White House, where he hosted Zelenskiy and a group of European allies following his Friday meeting in Alaska with Russian President Vladimir Putin. "In terms of security, there will be a lot of help," Trump told reporters, adding that European countries would be involved. "They are the first line of defense...
Asia-Pacific markets traded higher, tracking Wall Street gains overnight.
Japan's benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South...
Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
Less than four months ago, President Donald Trump met with Qatar's leader, praised his magnificent palace, and signed a comprehensive defense agreement with the Gulf monarchy, a key ally that hosts...