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Indonesia stocks plunge on Trump tariffs after weeklong break
Indonesian stocks tanked more than seven percent on Tuesday after a weeklong public holiday break, with trading briefly suspended at the open as uncertainty over US President Donald Trump's global tariffs roils markets.
Vietnam says to buy more US goods as it seeks tariff delay
Vietnam will buy more US goods including security and defence products, the government said, as it seeks a last-minute delay to enormous tariffs imposed by Washington. It would also "continue to buy more US products that are strong and Vietnam has demand for, including products related to security and defence; promote early delivery of aircraft trade contracts", the statement added.
Asian markets stage mild rebound but Trump tariff uncertainty reigns
Asian markets battled Tuesday to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen. "If the US insists on going its own way, China will fight it to the end," a spokesperson for Beijing's commerce ministry said on Tuesday.
Spain PM heads to China, Vietnam as US tariff blitz bites
Spanish Prime Minister Pedro Sanchez aims to open new market opportunities during a visit to China and Vietnam this week on the heels of US President Donald Trump's sweeping tariffs. Vietnam, where Sanchez will make the first official visit by a Spanish prime minister, is to be hit with a thumping 46 percent tariff.
Hong Kong firm did not uphold Panama Canal ports contract: Panama audit
The Hong Kong firm in charge of two ports at either end of the Panama Canal -- which sparked US President Donald Trump's threats to seize the waterway -- has flouted the terms of its contract, according to Panamanian audit results released Monday.
Samsung forecast beats market expectations for first quarter
Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations. Sales were also seen as increasing to 79 trillion won, a near 10 percent jump from a year earlier, marking the highest first quarter figure on record and the second-highest quarterly revenue ever.
Nippon Steel shares soar as Trump reviews US Steel takeover
Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden. US Steel shares closed up 16 percent Monday, and Nippon Steel gained as much as 11 percent in Tokyo on Tuesday.
US giant to buy stake in cash-short Australian casino group
Troubled Australian casino operator Star Entertainment says it has been thrown an 11th hour multi-million dollar lifeline by US-based casino giant Bally's Corporation. Star Entertainment last traded at Aus$0.11 a share with a market capitalisation of Aus$316 million -- a far cry from its Aus$5 billion-plus value of seven years ago.
Palestinians in West Bank strike to demand end to Gaza war
Shuttered storefronts lined empty streets in Israeli-annexed east Jerusalem and the occupied West Bank on Monday during a general strike by Palestinians demanding an end to the Gaza war. In Israeli-annexed east Jerusalem, the usually bustling commercial Salaheddin Street was empty.
AFP
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