232 articles
A US federal court has ordered the government to refund billions of dollars in tariffs collected on Chinese imports, marking a turning point in the debate over Trump-era trade policy. Business groups welcomed the ruling, while Trump supporters said it undermines domestic manufacturing. Analysts warned it could further complicate US-China trade relations and global supply chains.
Jerome Powell's term as Federal Reserve Chair ended May 15 amid intense White House pressure for deeper rate cuts. He will remain as a Fed Governor. His successor Kevin Warsh faces challenges, including expectations of holding rates steady despite Trump's calls for cuts.
Chinese President Xi Jinping has expressed interest in purchasing more US crude oil, according to the White House. The move is part of ongoing efforts to improve bilateral trade relations and reduce the US trade deficit with China.
A dozen top US business leaders are joining President Donald Trump on a state visit to China, seeking to expand operations as Trump eyes a win ahead of midterm elections. The CEOs, including Elon Musk, Tim Cook, and Jensen Huang, are looking for trade deals and market access in the world's second-largest economy.
Honda forecasts net profit of 260 billion yen for fiscal 2026, surpassing analyst expectations. Revenue is seen rising 8% to 20.3 trillion yen, supported by sales recovery in North America and ASEAN. The company remains cautious amid currency risks and Chinese competition.
Honda Motor Co. has reported its first annual net loss since the company's 1957 stock listing, a historic setback driven by plunging sales, supply chain disruptions, and rising costs tied to a push into electric vehicles. Analysts cite the pandemic and a shift to EVs as key factors. Shares fell sharply on the news.
Honda Motor Co. posted a net loss of 423.94 billion yen ($2.7 billion) for fiscal 2025, its first full-year net loss since going public in 1957. The company aims to return to profit in fiscal 2026 through cost cuts and production optimization.
Honda posted a net loss of 423.94 billion yen ($2.8 billion) for fiscal 2025, its worst in years, due to high costs, supply chain issues, and falling demand. The automaker plans a broad restructuring including cost cuts and strategic focus.
Japan's government is considering drafting a supplementary budget for fiscal 2026 to mitigate the impact of rising crude oil prices. The budget would focus on fuel subsidies for transportation, agriculture, and fisheries, and potentially extend retail gasoline subsidies. This comes as global oil prices remain high due to geopolitical tensions and supply constraints.
The U.S. Senate has confirmed Kevin Warsh as Federal Reserve Chair, a move that has sparked debate over the central bank's independence. The confirmation, which saw bipartisan support from Senator John Fetterman, comes amid rising inflation and political pressure from the Trump administration.
