India races to reform financial sector as foreigners pull $17 billion
World 14:24 27/10/2025MUMBAI -- Rattled by nearly $17 billion in foreign outflows this year, India is doubling down on financial sector reforms in a push to beef up capital buffers and lift investment in the country amid wider worries about the economic hit from U.S. tariffs.
Nestle to cut 16,000 jobs as new CEO ignites 'turnaround fire'
World 11:35 17/10/2025Nestle will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world's largest packaged food company seeks to cut costs and win back investor confidence.
WTO downgrades global trade growth forecast to 0.5% for next year
World 10:20 08/10/2025The World Trade Organization sharply lowered its 2026 forecast for global merchandise trade volume growth to 0.5% on Tuesday, citing expected delayed impacts from U.S. President Donald Trump's tariffs.
EU to halve steel import quotas to preserve domestic industry
World 10:15 08/10/2025BRUSSELS -- The European Commission proposed on Tuesday cutting tariff-free steel import quotas by almost half and a 50-percent duty for excess shipments in a bid to preserve viable steelmaking in the European Union.
Thai industrial sentiment hits 3-year low in August on politics, strong baht
World 16:10 17/09/2025Thailand's industrial sentiment index fell to its lowest level in three years in August on worries about domestic political uncertainty, a strong baht currency and U.S. tariffs, the Federation of Thai Industries said on Wednesday.
Lower US tariffs on Japan to take effect by September 16
World 15:17 09/09/2025TOKYO -- U.S. tariff rates on some Japanese goods are expected to be formally lowered by September 16, Japanese economic revitalization minister Ryosei Akazawa said Tuesday.
Wary diners shun restaurants, raising prospect of boost for retailers
World 17:04 20/08/2025Cash-conscious consumers choosing to eat in rather than dine out have raised the prospect of an upturn in earnings for supermarkets and food delivery firms, according to data, analysts and company executives.
JETRO struggles to expand scallop supply chain in US
World 17:43 19/08/2025NEW YORK -- The Japan External Trade Organization, or JETRO, struggles to build a new supply chain for Japanese scallops in the United States that involves processing in Mexico, people familiar with the matter said Sunday.
300% US chip tariff to push down Japan GDP by 0.42%: economist
World 17:42 19/08/2025TOKYO -- Japan's real gross domestic product is projected to be pushed down by up to 0.42 pct in a year if the United States imposes a 300 pct tariff on semiconductors, Takahide Kiuchi, executive economist at Nomura Research Institute Ltd., said Monday.
Asia's factory activity worsens as US trade uncertainty bites
World 16:09 01/08/2025Asia's factory activity deteriorated in July as soft global demand and lingering uncertainty over U.S. tariffs weighed on business morale, private sector surveys showed on Friday, clouding the outlook for the region's fragile recovery.
Trump says US will set 15% tariff on South Korean imports under new deal
World 16:32 31/07/2025President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally.
