Oil prices fell on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency's warning of a supply surplus in 2026 and U.S.-China trade tensions that could curtail demand.
Chinese car dealers, once the beneficiaries of the country’s booming automotive market, are facing a bleak future as they fall victim to a brutal price war and a growing preference for e-commerce sales among manufacturers and shoppers.
French tire maker Michelin on Monday cut its full-year outlook citing worse-than-expected business conditions in the North American market that have eroded sales volumes and margins.
Most Asian stocks reversed some early gains to turn sharply lower on Tuesday, with markets fretting about renewed trade tensions between the U.S. and China, while Japanese shares slumped amid political uncertainty.
Small and medium-sized businesses and developing economies are likely to be at particular risk of a slowdown in investment due to ongoing tariff uncertainty, the Secretary-General of the UN Trade and Development Agency told Reuters on Monday.
In her first speech as head of the Philadelphia Federal Reserve, Anna Paulson said on Monday that rising risks to the job market argue for more interest rate cuts by the U.S. central bank, as trade tariffs now appear unlikely to push up inflation as much as expected.