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China’s export orders dip in April as Trump’s tariffs begin to bite

Higher tariffs on U.S. imports of products from China appear to be taking a toll on the world’s second-largest economy, according to monthly surveys of Chinese factory managers released Wednesday. The official survey by the China Federation of Logistics and Purchasing shows export orders ...
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Analysis-Investors seek new tariff-proof market niches as Wall St chaos hits Europe

By Naomi Rovnick LONDON (Reuters) -Investors who rushed out of Wall Street during a month of U.S. policy shocks that raised European growth risks are turning their attention to niche markets such as Latin American currencies and gold mining stocks in a new bid to ...
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UBS 1Q profit tops expectations on tariff-driven volatility in markets

(Reuters) -Swiss bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of U.S. tariff turmoil, which it said could delay corporate deals. Switzerland’s biggest bank reported net profit attributable to ...
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Stockpiling ahead of tariffs likely hurt US economy in the first quarter

By Lucia Mutikani WASHINGTON (Reuters) -The U.S. economy likely stalled or even contracted in the first quarter, swamped by a deluge of imported goods by businesses eager to avoid higher costs, underscoring the disruptive nature of President Donald Trump’s often chaotic tariff policy. The Commerce Department’s ...
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Australia treasurer, in election mode, highlights drop in core inflation

SYDNEY (Reuters) -Australia Treasurer Jim Chalmers said the market was justified to expect more interest rate cuts after annual core inflation slowed to a three-year low, highlighting the decline three days ahead of a closely-contested national election. The key trimmed mean measure of annual inflation, ...
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Asian shares rise after gains on Wall Street as corporate profits pile higher

Shares were mixed Wednesday in Asia after U.S. stocks rose again as companies reported stronger-than-expected profits. U.S. futures fell and oil prices also edged lower. Uncertainty around President Donald Trump’s trade war limited gains in U.S. stocks. So did a drop in consumer confidence ...
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Asia hedge funds add Japan, India after tariff shock, says Morgan Stanley

HONG KONG (Reuters) – Asian hedge funds tiptoed back into the market last week, adding to their positions in Japan and India shares, after quickly cutting exposure when U.S. President Donald Trump unleashed sweeping tariffs at the start of the ...
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Shares wobble, oil prices weak as tariffs fuel global growth concerns

By Rae Wee SINGAPORE (Reuters) – Shares struggled for direction on Wednesday and oil prices slid as relief over a potential easing of global trade tensions was offset by a worsening economic outlook and dour signals from corporates swept up by ...
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Australia’s core inflation slows to 3-year low in Q1, supports May rate cut

By Stella Qiu SYDNEY (Reuters) -Core inflation in Australia slowed to a three-year low in the first quarter as costs in the services sector cooled markedly, data showed on Wednesday, supporting the case for another cut in interest rates in coming weeks. Investors are fully expecting ...
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China’s factory activity slows as US tariffs hit export orders

BEIJING (Reuters) – China’s factory activity slowed at the start of the second quarter, with a sharp fall in new export orders and the resumption of employment declines, a private-sector survey showed on Wednesday. The survey shows U.S. tariffs beginning to ...
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Japan’s Toyota starts collaborating with self-driving leader Waymo on autonomous cars

TOKYO (AP) — Japan’s top automaker Toyota announced a partnership with U.S. autonomous driving technology company Waymo on Wednesday. The move was somewhat anticipated, as the use of such technology speeds up around the world, and Toyota Motor Corp. has been aggressive about its intention ...
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FACT FOCUS: Trump touts his accomplishments at 100 days but at times falls short on the facts

In a visit Tuesday to Warren, Michigan, President Donald Trump celebrated his first 100 days back in office by touting his accomplishments, while embellishing some and misrepresenting others. The speech of about 90 minutes was reminiscent of a campaign rally and covered much of the ...
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