Category: PMN Business

May 29

Asian shares and US futures jump after court rules against Trump’s sweeping tariffs

A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy. The Trump administration filed an appeal, and it was unclear if the White House will respond to […]
May 28

Brazilian prosecutors sue China’s BYD over allegations of slave-like labor conditions

“Working conditions were extremely degrading. Five settlements were kept by BYD, JinJiang and Tecmonta. Some workers slept on beds without mattresses and had their personal belongings alongside with their food,” the prosecutors’ office said. “There were few bathrooms, which were not gender-assigned. In one of the settlements, there was one toilet for 31 people, forcing […]
May 27

Ueda Indicates BOJ Is Still Eyeing More Rate Hikes, Boosting Yen

“In light of growing uncertainties, particularly those related to trade policy, we have recently revised down our economic and inflation outlook,” Ueda said. “However, we continue to expect underlying inflation to gradually move toward 2 percent over the second half of our forecast horizon,” he said, adding that Japan is now closer to its inflation […]