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EU hopes Trump tariffs can nudge Mercosur deal past finish line
The spectre of a transatlantic trade war is also fuelling hopes of a silver lining in Europe: that a commerce deal with four South American countries could get a final green light despite longstanding French opposition. In exchange, the South American nations would be able to export meat, sugar, rice and soybeans, which worries European farmers concerned about cheaper goods pricing them out.
Taiwan's TSMC says net profit rose 60.3% in first quarter
Taiwanese chipmaking titan TSMC reported Thursday a surge in net profit for the first quarter and forecast robust demand for artificial intelligence technology, despite the spectre of US tariffs on the critical sector.
Hermes to hike US prices to offset tariff impact
French luxury group Hermes said Thursday it would hike its prices in the United States to offset the impact of 10-percent import tariffs imposed by President Donald Trump. Trump imposed a 10 percent tariff on imports from around the world this month, but he delayed higher duties on dozens of other countries, including a 20 percent levy for goods from the European Union. kap/jbo/lth/ach
Unease grows over Trump tariffs despite 'progress' in Japan trade talks
Uncertainty over Donald Trump's tariff blitz mounted Thursday after the Fed chief warned of rising prices and "volatility" while "progress" flagged by the US president in talks with Japan lifted markets slightly. He also noted the "volatility" in the markets at a "time of high uncertainty."
Asian markets boosted by 'Big Progress' in Japan tariff talks
Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment.
ECB ready to cut rates again as Trump tariffs shake eurozone
European Central Bank policymakers look increasingly likely to cut interest rates again on Thursday, with US President Donald Trump's stop-start tariff announcements sowing concern in the eurozone. The central bank has made six quarter-point cuts since June last year as inflation has fallen, bringing its benchmark deposit rate down to 2.5 percent from four percent.
AMD says US rule on chips to China could cost it $800 mn
Chip developer Advanced Micro Devices (AMD) on Wednesday said it expects new US licensing requirements for semiconductors exported to China to cost it as much as $800 million. AMD said in the filing that it "expects to apply for (export) licenses but there is no assurance that licenses will be granted."
Zuckerberg denies Meta bought rivals to conquer them
Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
US Fed Chair warns of 'tension' between employment, inflation goals
Tariffs are likely to push up prices and could put the US Federal Reserve in the unenviable position of having to choose between tackling inflation and unemployment, the bank's chair said Wednesday. Most economists have warned that tariffs will push up prices -- at least temporarily -- while acting as a drag on growth.
AFP
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