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Qantas soars as drop in oil prices signals lower jet fuel costs

(Reuters) -Shares of Australia’s Qantas Airways rose more than 5% on Monday to an over one-month high after oil prices dropped in early Asian trade following OPEC+’s plan to further speed up output hikes. Jet fuel prices are a critical cost for airlines....
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Dollar under water as surge in Taiwan dollar spills over

By Wayne Cole SYDNEY (Reuters) – The dollar was losing ground again on Monday as a meteoric surge in its Taiwanese counterpart spilled over elsewhere, fuelling speculation some Asian countries were prepared to engineer revaluations to win U.S. trade concessions. The Taiwan ...
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Australia’s Westpac flags global trade risks, shares slide after profit miss

By Roshan Thomas and Himanshi Akhand (Reuters) – Australian no.2 mortgage lender Westpac’s first-half profit missed expectations on Monday as margins contracted, and it warned shifting global trade policies were rattling markets and may raise funding costs, knocking its shares down ...
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Australia markets welcome political stability under Labor as Trump 2.0 risks mount

SYDNEY (Reuters) -Australian financial markets on Monday largely welcomed a historic win by the centre-left Labor Party as it strengthens the government’s hand in dealing with any serious threat to the economy from Donald Trump’s global trade war. Prime Minister Anthony Albanese secured a ...
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Trump says he wants a fair trade deal with China

ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal. Trump told reporters aboard Air Force One that ...
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Dollar gets limited lift from jobs, trade questions linger

By Wayne Cole SYDNEY (Reuters) -The dollar was struggling to hold its ground on Monday even as concerns about a U.S. recession eased just a little, while investors awaited actual evidence of a thaw in Sino-U.S. trade relations, as opposed to just hints from officials. The ...
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Trump announces 100% tariff for movies produced outside US

WASHINGTON (Reuters) -U.S. President Donald Trump announced on Sunday a 100% tariff on all movies produced outside the United States. He said he was authorizing the U.S. Trade Representative to process the institution of the tariff because the United States’ movie industry is dying “a ...
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Australia’s Westpac misses profit estimates, flags global trade risks

(Reuters) -No.2 Australian mortgage lender Westpac’s first-half profit missed expectations on Monday as loan spreads narrowed, and it warned that shifting global trade policies were rattling markets and tightening funding conditions. Westpac posted a 1% drop in its net profit for the six months ended ...
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BOJ sees window for rate hikes narrowing but not closed yet

By Leika Kihara TOKYO (Reuters) -The Bank of Japan’s rate-hike cycle is facing its biggest test since Governor Kazuo Ueda took the helm two years ago, with U.S. President Donald Trump’s tariffs rapidly narrowing the window for further increases in still-low borrowing costs. After the BOJ’s ...
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Oil drops more than $2/bbl as OPEC+ accelerates output hikes

By Florence Tan SINGAPORE (Reuters) -Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply. Brent crude futures dropped $2.04 a barrel, or 3.33%, to $59.25 ...
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Australia’s Westpac first-half profit slips 1%, misses estimates

(Reuters) -Australia’s Westpac Banking Corp recorded a marginal 1% drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth in total loans. Westpac recorded growth in home, business and institutional lending volumes, but its ...
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Australia’s Westpac first-half profit falls 1%

(Reuters) -Australia’s Westpac Banking Corp recorded a marginal 1% drop in its first-half net profit on Monday, as a rise in operating costs due to technology investments offset growth in total loans. The country’s second-largest mortgage lender said its net profit after tax was ...
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