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...
By Selena Li and Kane Wu HONG KONG (Reuters) -Alibaba Group Chairman Joe Tsai said on Tuesday there were clear signs China’s business entrepreneurs were more confident following a meeting with President Xi Jinping and that his company would re-commence hiring. “I think we have seen a very clear sign of businesses entrepreneurs becoming more...
By Tom Westbrook SINGAPORE (Reuters) – The dollar hit a three-week high on the yen early on Tuesday and was firm across the board after some strong U.S. services data and cautious optimism on the tariff front. President Donald Trump said not all of his threatened levies would be imposed on April 2 and some...
(Reuters) -Malaysia plans to tighten regulations on semiconductors as it comes under U.S. pressure to staunch the flow to China of chips crucial to the development of artificial intelligence, the Financial Times reported on Sunday. Trade Minister Zafrul Aziz said that the U.S. government was demanding Malaysia closely track the movement of high-end Nvidia chips...
By Tom Westbrook SINGAPORE (Reuters) – Financial markets made an mixed start on Monday with U.S. stock futures rising but the dollar wavering ahead of a week driven by data, Chinese earnings and the threat of steep U.S. tariff hikes on the horizon. S&P 500 futures were up about 0.6% in the Asia morning and...
By Yuka Obayashi TOKYO (Reuters) – Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets. Brent crude futures were down 8 cents, or 0.1%, at $72.08 a barrel by 0046 GMT. U.S....
