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Nissan forecasts huge annual net loss of up to $5.3 bn
Nissan forecasts huge annual net loss of up to $5.3 bn
by  AFP

Struggling Japanese auto giant Nissan issued a stark profit warning on Thursday, forecasting a huge loss of up to $5.3 billion in the 2024-25 financial year. Nissan -- which will announce its earnings in mid-May for the 2024-25 financial year that ended on March 31 -- said it expects to report a full-year net loss of 700-750 billion yen ($4.9 billion-$5.3 billion).

Asian markets mixed as China dispels Trump talk of tariff negotiations
Asian markets mixed as China dispels Trump talk of tariff negotiations
by  AFP

Asian markets were mixed on Thursday as China poured cold water on US President Donald Trump's comments talking up the prospects of a deal to end their trade war. On Wednesday Trump's comments, as well as his insistence that he has "no intention" of firing the head of the US Federal Reserve, Jerome Powell, boosted markets.

Americans wary of Trump's economic about-faces
Americans wary of Trump's economic about-faces
by  AFP

President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows of guaranteeing economic prosperity. A majority of Americans, 51 percent, were now dissatisfied with Trump's economic policies.

Tesla's EU sales plunge as Musk takes flak
Tesla's EU sales plunge as Musk takes flak
by  AFP

Tesla electric car sales in Europe plunged in the first three months of the year, industry data showed Thursday, in a fresh blow to its boss Elon Musk who has been criticised for his work in US President Donald Trump's administration. Musk promptly announced he would scale back his work for the Trump administration in May to focus on Tesla.

Asian markets mostly up as Trump soothes Fed fears
Asian markets mostly up as Trump soothes Fed fears
by  AFP

Asian markets were mixed on Thursday after President Donald Trump said he had "no intention" of firing the US central bank head and made conciliatory comments on his trade war with China. "But the fact that the rally was sparked largely by conciliatory remarks from US President Trump -- whose rhetoric is notoriously volatile -- raises questions about its durability," de Barochez said.

Bessent says 'no currency targets' in Japan tariff talks
Bessent says 'no currency targets' in Japan tariff talks
by  AFP

US Treasury Secretary Scott Bessent said Wednesday that Washington has "no currency targets" in its talks with Japan on tariffs, after repeated calls from President Donald Trump for a stronger yen. Bessent said Washington is looking at "tariffs, non-tariff trade barriers, currency manipulation and government subsidy of labor and fixed capital investment" in the negotiations with Japan.