New orders for U.S. factory goods fell in December amid a sharp decline in commercial aircraft bookings, but demand elsewhere was strong, partly driven by robust investment in artificial intelligence.
Malaysia is carefully assessing recent legal and policy changes in the US, the Ministry of Investment, Trade and Industry said, following the US Supreme Court’s move in striking down President Donald Trump’s sweeping import tariffs.
Auto sales in Europe fell significantly in January, with slower sales from Volkswagen, Hyundai, Kia and the Renault Group’s budget brand Dacia shrinking the market.
The Bank of Japan may raise interest rates as soon as March if the yen renews its slide ahead of a U.S.-Japan summit expected to be held during the month, former central bank board member Makoto Sakurai told Reuters.
Asian stocks were a mixed bag on Monday as heightened uncertainty over U.S. President Donald Trump’s trade tariffs weighed on risk appetite, while holidays in China and Japan kept trading volumes slim.
United States President Donald Trump has doubled down on his new global tariffs, raising them from 10 percent to 15 percent, days after the Supreme Court struck down his sweeping levies on imports.