Trade
TSMC denies it’s talking to Intel about chipmaking joint venture
A motorcycle is seen near a building of the Taiwan Semiconductor Manufacturing Company (TSMC), which is a Taiwanese multinational semiconductor contract manufacturing and design company, in Hsinchu, Taiwan, on April 16, 2025. Daniel Ceng | Anadolu | Getty Images Taiwan Semiconductor Manufacturing Company denied reports that the semiconductor giant was in active discussions with Intel […]
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UBS loses crown as continental Europe’s most valuable bank to Santander amid U.S. tariffs
Key Points UBS had a market cap of 79.5 Swiss francs ($97.23 billion) as of the Wednesday close, according to FactSet data, with Banco Santander at 91.3 billion euros ($103.78 billion). Santander and UBS’ shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained […]
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South Korea holds rates as it grapples with U.S. tariffs, prepares for snap election
The Bank of Korea (BOK) in Seoul on Dec. 28, 2024. Kim Jae-Hwan | Lightrocket | Getty Images South Korea’s central bank held its policy rate at 2.75% Thursday, as the country grapples with U.S. tariffs and prepares for a snap presidential election. This was in line with a Reuters poll of economists that forecast […]
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Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman […]
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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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CBP says latest tariffs have generated $500 million, well below Trump’s estimate
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany. Sean Gallup | Getty Images News | Getty Images U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by […]
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Wall Street trading desks are feasting on the volatility from Trump’s global upheaval
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | Reuters Wall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump’s tenure led to upheavals […]
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California suing Trump to stop his ‘unlawful’ tariffs
US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton fires. Mandel Ngan | AFP | Getty Images California on Wednesday is set to […]
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U.S. vehicle supply is falling amid tariff fear-buying
Brand new KIA cars are displayed on the sales lot at Serramonte Kia on March 26, 2025 in Colma, California. Justin Sullivan | Getty Images DETROIT – Supplies of new and used vehicles for sale in the U.S. are declining rapidly as consumers flock to purchase cars and trucks ahead of potential price increases due […]
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Critical chip firm ASML flags tariff uncertainty after net bookings miss
Jaap Arriens | Nurphoto | Getty Images Dutch semiconductor equipment firm ASML on Wednesday missed on net bookings expectations, suggesting a potential slowdown in demand for its critical chipmaking machines. ASML reported net bookings of 3.94 billion euros ($4.47 billion) for the first three months of 2025, versus a Reuters reported forecast of 4.89 billion […]
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