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Markets’ 90-day tariff pause rollercoaster nears an uncertain end

GDANSK/LONDON (Reuters) -The deadline U.S. President Donald Trump set for major trading partners to strike deals with Washington or face hefty tariffs expires next week, bringing to a close 90 days of volatility but leaving global investors in the dark over what will happen ...
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Indonesia offers to cut duties on US goods, buy $500 million of wheat in tariff talks

By Stefanno Sulaiman and Ananda Teresia JAKARTA (Reuters) -Indonesia has offered to cut duties on key imports from the United States to “near zero” and to buy $500 million worth of U.S. wheat as part of its tariff talks with Washington, its lead negotiator and ...
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Investors eye tariff deadline as US stocks rally

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Investors will be keeping a close eye on tariff headlines out of Washington next week, as a temporary suspension of punitive import levies is set to expire. If that Wednesday deadline passes without an increase in trade tensions, ...
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Exclusive-Saudi Aramco considers power assets sale to raise billions, sources say

By Federico Maccioni and Yousef Saba DUBAI (Reuters) -Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of ...
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Chinese sales of foreign phone makers, including Apple, drop 9.7% in May

BEIJING (Reuters) -Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7% year-on-year in May, according to data released by a government-affiliated research company on Friday. Calculations based on the data from the China Academy of Information and Communications Technology (CAICT) ...
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What’s open and closed on July Fourth

The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776. A year later, according to the Library of Congress, a spontaneous celebration in Philadelphia marked the anniversary of American ...
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Indonesia offers to buy U.S. aircraft, wheat in tariff negotiations

JAKARTA (Reuters) -Indonesia will offer to step up purchases of aircraft by state carrier Garuda Indonesia and wheat by instant noodle giant Indofood, in tariff talks with the United States, its chief economics minister told Reuters.   Airlangga Hartarto, who is also the Southeast Asian nation’s ...
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China spares major cognac makers from EU brandy dumping duties

(Corrects first bullet point to say China (not EU) announces) By Casey Hall SHANGHAI (Reuters) -China spared major cognac producers Pernod Ricard and Remy Cointreau from new duties of up to 35% on EU brandy announced on Friday, provided they sell at a minimum price. China’s ...
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China navigates delicate US truce while affirming trade consensus

BEIJING (Reuters) -The Chinese commerce ministry said on Friday that Beijing and Washington had stepped up efforts to implement what they had agreed during recent trade talks but cautioned the U.S. against destabilising their “hard-won” consensus. China hopes the U.S. can continue to meet it ...
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European shares edge lower as US tariff deadline looms

(Reuters) -European shares edged lower on Friday, as investors weighed uncertainty over U.S. trade deals, with the July 9 deadline fast approaching. The pan-European STOXX 600 index fell 0.4% to 541.61 points, as of 0704 GMT, and was on track to log a weekly decline. ...
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Analysis-China’s intense EV rivalry tests Thailand’s local production goals

By Chayut Setboonsarng and Thanadech Staporncharnchai BANGKOK (Reuters) -Hyper-competition in China’s electric vehicle sector is spilling over to its biggest market in Asia, Thailand, as smaller players struggle to compete with dominant BYD, putting ambitious local production plans at risk. Neta, among the earliest Chinese EV ...
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For retailers, US-Vietnam trade deal leaves questions

LONDON (Reuters) -A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. The U.S. will impose ...
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