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Stocks, dollar on back foot as trade war, Powell comments weigh

By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wavered on Thursday after Federal Reserve Chair Jerome Powell warned of the risk of slowing growth and rising prices due to tariffs, while the uncertainty around U.S. trade policies kept the dollar rooted ...
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Litmus test for chip stocks as investors gird for TSMC earnings

By Ankur Banerjee SINGAPORE (Reuters) – Investors are bracing for the results from Taiwan’s TSMC on Thursday to show further evidence of the wide-ranging uncertainty in the chip industry spurred by U.S. President Donald Trump’s trade policies. Chip stocks across the globe ...
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TikTok’s US public policy chief to step down, The Information reports

(Reuters) – TikTok’s U.S. public policy chief, Michael Beckerman, a key figure in its fight against a U.S. government ban, plans to leave his Washington-based role and transition to a global advisory position, The Information reported on Wednesday, citing a ...
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Factbox-Asian countries look to buy more US energy to offset trade imbalance

SINGAPORE (Reuters) – Asian governments are looking to buy more U.S. oil and gas as they scramble to lower their trade surplus with Washington in hopes of easing their tariff burdens under President Donald Trump’s sweeping new import duties. Many Asian ...
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BOJ’s Ueda says US tariff uncertainty heightening sharply

By Leika Kihara TOKYO (Reuters) – Bank of Japan Governor Kazuo Ueda said on Thursday uncertainty surrounding U.S. tariff policy has heightened sharply recently. When the BOJ raised interest rates in January, the U.S. economy was in good shape and financial markets ...
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Japan’s Zeon aims to decide on US investment by summer, sees rising risk amid Trump tariffs

By Sam Nussey and Ritsuko Shimizu TOKYO (Reuters) – Japanese chemical company Zeon aims to decide by the summer whether to move forward with plans it put on hold to expand production in the United States, its CEO said. Zeon in January ...
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Head Start funding lags by nearly $1 billion this year, causing some preschool closures

Head Start centers across the U.S. have received nearly $1 billion less in federal money compared with this time last year — and a lag in funding this week has caused some preschool classrooms for low-income children to close. The federal government has distributed ...
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Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

By Florence Tan SINGAPORE (Reuters) – Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts to compensate for pumping ...
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Valero books $1.1 billion impairment, may idle California refinery

(Reuters) – Valero Energy Corp said on Wednesday it was taking a $1.1 billion pre-tax impairment related to its California refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the ...
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Fed’s Schmid says patience needed to see how tariffs play out

(Reuters) – The Federal Reserve faces a complicated picture for policy decisions, Kansas City Federal Reserve Bank President Jeff Schmid said on Wednesday, noting that while he is hearing nervousness about tariffs in the agricultural sector, a recent decline in ...
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Insignia extends exclusivity window for Bain and CC Capital bids

(Reuters) -Australia’s Insignia Financial said on Thursday that it has extended the exclusivity period by four weeks for both its bidders, Bain Capital and CC Capital Partners, to consider their proposals to acquire the wealth manager. Following the requests of both Bain and CC Capital, ...
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China-founded e-commerce sites Temu and Shein say they’re raising prices due to tariffs

NASHVILLE, Tenn. (AP) — China-founded e-commerce sites Temu and Shein say they plan to raise prices for U.S. customers starting next week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a ...
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