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Analysis-In Australia’s housing war, political shift picks newbies over NIMBYs

By Stella Qiu SYDNEY (Reuters) -Australia’s affordable housing push has arrived in the wealthy Sydney suburb of Mosman, where new planning laws now challenge longstanding resistance to development in the leafy area known for mansions and sweeping harbour views. State authorities in Sydney and Melbourne – ...
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China’s July exports top forecasts amid rush to meet Trump tariff deadline

(Corrects June export growth in paragraph 2 to 5.8% from 4.8%) BEIJING (Reuters) -China’s exports beat forecasts in July, as manufacturers made the most of a fragile tariff truce between Beijing and Washington to ship goods ahead of a looming deadline later this month. Outbound ...
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Asian stocks climb, dollar droops on Fed easing bets

By Kevin Buckland TOKYO (Reuters) -Asian equities rose on Thursday, with Japanese shares hitting a record high, as tech-led gains on Wall Street, upbeat earnings and growing expectations for U.S. rate cuts boosted sentiment. The prospect of a meeting between U.S. President Donald Trump and Russian ...
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Australia’s AMP half-year earnings improve but shares drag on profit miss

By Sneha Kumar (Reuters) -Australian money manager AMP posted higher half-year earnings, citing strong net cashflows in its wealth platform and margin improvement in its banking unit, but fell short of market expectations, which sent its shares lower. The 176-year-old wealth management firm’s stock ...
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Oil prices rise on US demand strength, though sanctions uncertainty remains

By Yuka Obayashi TOKYO (Reuters) -Oil prices rose on Thursday, pausing a five-day losing streak, on signs of steady demand in the U.S., the world’s biggest oil user, though the prospect of U.S.-Russian talks on the Ukraine war eased concerns of supply disruptions from further ...
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Dollar holds losses on US economy concerns, Fed appointments

By Rocky Swift TOKYO (Reuters) -The dollar remained lower against major peers on Thursday, as expectations of Federal Reserve rate cuts grew and concerns swirled about partisanship creeping into key U.S. institutions. Initial jobless claims in the United States are under scrutiny after last week’s disappointing ...
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Trump wants more American pick-ups in Tokyo and London. That may be a hard sell

By David Dolan, Maki Shiraki and Marie Mannes TOKYO/STOCKHOLM, August 7 (Reuters) -Donald Trump is right that Japan and Europe buy few American-made cars – but it has little to do with trade barriers. From Tokyo to London, many consumers see Detroit’s offerings as simply ...
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South Korea trade envoy says Samsung, SK Hynix will not be subject to 100% US tariffs on chips

SEOUL (Reuters) -South Korea’s top trade envoy Yeo Han-koo said on Thursday that chipmakers Samsung Electronics and SK Hynix will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries South Korea will face the most favourable ...
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Ontario premier says he doesn’t trust Trump and warns the US president could reopen trade pact

TORONTO (AP) — The leader of Canada’s most populous province said Wednesday he doesn’t trust U.S. President Donald Trump and expects the president to soon reopen the free trade agreement he agreed to in his first term. Ontario Premier Doug Ford said the federal government ...
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General Motors, Hyundai to develop five vehicles amid rising competition

By Hyunjoo Jin and Nora Eckert (Reuters) -General Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. Four of the vehicles — a compact SUV/car/ pickup, and a mid-size pickup ...
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Japan urges US to swiftly implement auto tariff cut

TOKYO (Reuters) -Japan’s top trade negotiator Ryosei Akazawa requested that the U.S. swiftly implement measures agreed upon in a bilateral trade deal, including lowering automobile and auto parts tariffs, Japan’s government said on Thursday. The request was made during Akazawa’s 90-minute meeting with U.S. Secretary ...
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Paramount’s co-CEO Robbins to step down, memo shows

By Juby Babu (Reuters) -Brian Robbins, who helped grow the Paramount+ streaming service, is stepping down as Paramount Global’s co-CEO, according to a memo seen by Reuters on Wednesday, following the completion of its merger with Skydance Media. David Ellison, the CEO of Skydance, will lead ...
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