Spencer Soper | Bloomberg Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump. The orders for beach chairs, scooters, air conditioners and
About Tata Hitachi is a construction equipment supplier. The company was established in 1998 as a joint venture between Tata Motors and Hitachi Construction Machinery Company Limited, with 40% and 60% ownership respectively. Tata Hitachi is spearheaded by Managing Director Sandeep Singh. The company operates from its headquarters in Bangalore. Tata Hitachi has several manufacturing
Nathan Gomes | Reuters How many cars are fully American-made? Not many. Here’s what we know. President Trump hopes to encourage companies to build cars in the U.S. But are any cars fully American-made? Here is what we know now. CarMax KMX.N is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump‘s latest tariffs
Angus MacKenzie | MotorTrend Jaguar, Land Rover are the latest to react to looming tariffs Jaguar and Land Rover have paused U.S. shipments in response, and U.S. preorders of the Nintendo Switch 2 have been delayed. Fox – LA Jaguar Land Rover (JLR) has stopped shipments to the U.S. for one month as it figures
U.S. junk corporate bonds led the biggest slump in global high—yield debt since 2020 as the steepest American tariffs in a century triggered fears about worldwide growth. The extra yield investors demand to own the risky debt instead of Treasuries widened 45 basis points Thursday to 386 basis points, marking the worst selloff since March
Japanese stocks sank deeper into the red on Friday, with the Topix index tumbling into a technical correction as it led Asian equities lower for a second day. Investors continued to bail out of riskier assets that will be hurt by US tariffs, with a rally in government bonds sending yields sharply lower and traders
Gold moved further away from its latest record high, swept up in the pessimistic mood that hit global markets in the wake of US President Donald Trump’s more-aggressive-than-expected tariff agenda. The precious metal initially surged to a fresh all-time high of $3,167.84 an ounce on Thursday following Trump’s “reciprocal” tariff announcements, which placed baseline import
Beaten-down corporate bonds from automakers could rally after Wednesday’s tariff announcement from U.S. President Donald Trump, making the debt an attractive purchase, according to JPMorgan Chase & Co. JPMorgan strategists don’t expect the announcement to be as detrimental for automakers as it will be for pharmaceutical companies. “We don’t believe any of the large automakers
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. The trade war is set to plunge Canadian provinces into deeper deficits, revitalizing a sleepy corner of the credit market. Provinces are expecting wider deficits and higher funding needs, which means selling more bonds. The seven
Victoria Waldersee | Reuters Trump announces 25% tariffs on imported cars President Donald Trump announced a 25% tariff on imported vehicles and auto parts, effective April 3, aiming to boost domestic manufacturing. Cheddar Mercedes-Benz MBGn.DE is building up inventory levels in the U.S. at the wholesale level and at dealer lots to get ahead of tariffs due