Asian stocks fell broadly on Tuesday after U.S. President-elect Donald Trump said he plans to impose 25 percent tariffs on Mexico and Canada and an additional 10 percent on China on his first day in office, ramping up fears of a renewed trade war. Neither the United States nor China would win a trade war,...
German stocks fell notably on Tuesday, with automakers suffering heavy losses after U.S. President-elect Donald Trump vowed additional tariffs on China as well as U.S. neighbors Canada and Mexico, raising fears of a renewed trade war. Automakers BMW, Mercedes Benz and Volkswagen were down 2-3 percent while the benchmark DAX was down 125 points, or...
French stocks traded lower on Tuesday after U.S. President-elect Donald Trump threatened sweeping new tariffs on Mexico, Canada and China on his first day in office to combat illegal immigration and drugs. French political tensions also dented investor sentiment after far-right leader Marine Le Pen said on Monday that she could bring down Frances minority...
U.K. stocks declined on Tuesday amid apprehensions that Novembers figures may signal the end of falling inflation. The British Retail Consortium (BRC) reported earlier today that U.K. shop prices dropped at a slower pace in November, signaling that shoppers are set to face rising price pressures. The shop price index declined 0.6 percent on a...
European stocks declined on Tuesday after U.S. President-elect Donald Trump pledged to impose tariffs on all imports from Mexico, Canada and China on his first day in office, raising fears of a renewed trade war. French political tensions also weighed on markets after far-right leader Marine Le Pen said on Monday that she could bring...
Indian shares ended slightly lower on Tuesday following two days of strong gains. Traders locked in profits after U.S. authorities indicted some key executives of the Adani Group on bribery charges and U.S. President-elect Donald Trump threatened to impose tariffs on Mexico, Canada, and China to combat illegal immigration and drugs, raising fears of a...
Rivian Automotive Inc.s shares gained around 13 percent on Mondays regular trading after reports emerged that the all-electric automaker has reached a conditional settlement with EV major Tesla Inc., regarding its four-year old lawsuit. The shares were gaining 7% further in the pre-market activity on the Nasdaq, despite a slight drop in previous days extended...
Its likely to be a positive start for Canadian stocks on Tuesday as higher crude oil and gold prices are likely to trigger some buying in energy and metal sectors. However, fears of a renewed trade war following U.S. President-elect Donald Trump pledging to impose tariffs on all imports from Mexico, Canada and China, may...
The U.S. government has offered Intel Corp. up to $7.865 billion in direct funding for its commercial semiconductor manufacturing projects, which is expected to create thousands of jobs. The latest award, together with a 25% investment tax credit which the firm plans to claim, would support the chip makers plans to invest more than $100...
The Canadian market ended down on Tuesday as trade war fears resurfaced after U.S. President-elect Donald Trump threatened that he will impose 25% tariffs on imports from Canada, Mexico and China. However, thanks to strong buying at some counters in technology, consumer staples, financials and materials sectors, the markets loss was just marginal. Energy, real...