By Sam Nussey and Miho Uranaka TOKYO (Reuters) – The incoming CEO of Japanese chip materials maker JSR plans to focus on restoring the company’s business performance, shifting away from previous ambitions to drive consolidation in the sector. JSR’s financial performance is not good, and the company is not ready to make acquisitions, Tetsuro Hori,...
(Reuters) – U.S. President Donald Trump said late on Wednesday that the United States will effectively charge a 25% tariff on all cars not made in the country and that the new duties on cars and light trucks imported into the United States will be permanent. Shares of General Motors and Ford fell in extended...
By Kevin Buckland TOKYO (Reuters) – Asian stocks followed Wall Street higher on Wednesday and the U.S. dollar meandered as markets awaited clarity on President Donald Trump’s trade policy ahead of a new round of tariffs next week. Traders received some hope on flexibility from the White House after Trump said on Monday that not...
PANAMA CITY (Reuters) – Panama has not authorized visits to First Quantum’s shuttered Cobre Panama mine, the country’s Ministry of Commerce and Industry said in a statement on Tuesday. “Any entry of third parties to those facilities has been managed unilaterally by the company, without the participation or endorsement of the National Government,” the ministry...
By Blake Brittain (Reuters) -Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S. District Judge Eumi Lee said that the publishers’ request was too broad and...
By Stephanie Kelly (Reuters) – Oil prices climbed on Wednesday in early Asia trade on concerns of tighter supplies after U.S. President Donald Trump threatened tariffs against countries importing oil and gas from Venezuela and after U.S. crude inventories fell more than expected. Brent crude futures gained 25 cents, or 0.3%, to $73.27 a barrel...
SINGAPORE (Reuters) – The dollar took a breather on Wednesday, with weak U.S. confidence data and concerns about the effect of sweeping tariffs on U.S. growth putting the brakes on a recent bounce. The dollar reversed by about 0.5% on the yen overnight, crossing below 150 yen to sit at 149.95 early in the Asia...
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks rose on Tuesday, taking cues from the Wall Street, as the prospect of narrower-than-feared U.S. tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort. Investors have been focused on the impending reciprocal tariffs promised by U.S. President Donald...
By Yuka Obayashi TOKYO (Reuters) – Oil prices barely moved on Tuesday as investors weighed the impact of U.S. tariffs on countries buying oil and gas from Venezuela against the effect of tariffs on industries such as automobiles on the global economy and oil demand. Brent crude futures were up 1 cent at $73.01 a...
SEOUL (Reuters) – Alaskan state representatives led by the governor and including energy officials are due to visit South Korea on Tuesday, amid expectations of talks with U.S. allies in Asia to revive a stalled natural gas project touted by President Donald Trump. Governor Mike Dunleavy’s delegation will include officials from the Glanfarne Group that...
