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Key facts on the US-Japan tariff deal

(Corrects tariff rate on steel and aluminium to 50% from 25% in paragraph 7) TOKYO (Reuters) -U.S. President Donald Trump and Japanese Prime Minister Shigeru Ishiba on Wednesday said they had struck a trade deal that will include a 15% tariff on imports from ...
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U.S. tariffs, trade tensions to slow growth in developing Asia and Pacific, ADB says

By Karen Lema MANILA (Reuters) -Higher U.S. tariffs and trade uncertainty have worsened the economic outlook for developing Asia and the Pacific, the Asian Development Bank said in a report on Wednesday as it lowered its growth forecasts for the region for this year and ...
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Morgan Stanley’s client-screening faces deeper FINRA probe, WSJ reports

(Reuters) -The U.S. Financial Industry Regulatory Authority (FINRA) is investigating Morgan Stanley over how the firm screened clients for money-laundering risks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The probe examines client vetting, risk rankings and related practices across ...
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Detroit Three automakers raise concerns about Japan trade deal

By David Shepardson (Reuters) -A group representing General Motors Ford and Chrysler-parent Stellantis on Tuesday raised concerns about a trade deal that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%. Matt Blunt, who ...
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Advent-backed NIQ raises $1.05 billion in US IPO

(Reuters) -Consumer insights company NIQ Global [NIQ.N], backed by investment firms Advent International and KKR, said on Tuesday it had raised $1.05 billion in its initial public offering in the United States. About 50 million shares were priced at $21 each in the IPO, valuing ...
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BOJ’s Uchida warns of downside risks to economy on trade uncertainty

By Leika Kihara KOCHI, Japan (Reuters) -Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday that risks to economic activity and prices were skewed to the downside due to “extremely high” uncertainty over trade policy and its effect on domestic and overseas growth. The ...
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Japan, US agree to keep current 50% tariff on steel, aluminium, NHK reports

TOKYO (Reuters) -Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday. (Reporting by Kaori KanekoEditing by Chang-Ran Kim) Brought to you by www.srnnews.com
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Oil rises on Japan trade deal and stronger demand indicated by US inventories

By Colleen Howe BEIJING (Reuters) -Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week, indicating stronger demand. Brent crude futures ...
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Shares in South Korean automakers rally after US-Japan trade deal

SEOUL (Reuters) -Shares in South Korean automakers rallied on Wednesday after U.S. President Donald Trump said the U.S. and Japan had struck a trade deal that includes a 15% tariff that will be levied on Japanese exports to the United States. Hyundai Motor rose 6.8%, ...
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Nikkei rally buoys Asian shares as Trump announces Japan trade deal

By Stella Qiu SYDNEY (Reuters) -Japanese shares led an Asian share market rally on Wednesday after U.S. President Donald Trump announced a trade deal with Japan and fuelled hopes of more to come, offsetting mixed U.S. earnings that highlighted the drags from higher tariffs. Trump ...
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Dollar holds losses against yen after Trump announces Japan trade deal

By Rocky Swift TOKYO (Reuters) -The dollar held losses against the yen on Wednesday after U.S. President Donald Trump announced a trade deal with Japan ahead of an impending tariff deadline. Trump said the agreement will result in Japan investing $550 billion into the United ...
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Mexico’s Banorte posts 4% profit bump as loan book grows

By Kylie Madry MEXICO CITY (Reuters) -Mexican lender Banorte’s net profit ticked up 4% in the second quarter, lifted by a double-digit jump in its loan book, it reported on Tuesday. Net profit for the period was 14.62 billion pesos ($779.09 million), but below the 15.01-billion-peso ...
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