Economy
Dangote Industries shares plan to end importation of cement, petroleum, agriculture
With Dangote Industries operating in salt, cement, petroleum, sugar production, among others, the company could ensure that Nigeria never has to import these items.
Myanmar garment manufacturers warn US tariffs imperil quake recovery
Myanmar's garment manufacturers have warned US tariffs threaten to hobble the country's recovery from a devastating earthquake, as the death toll rose to 3,600. The Myanmar Garment Manufacturers Association (MGMA) said the tariffs due to take effect from Wednesday were causing "considerable concern" in an industry employing more than 500,000 people, mostly young women.
Indonesia stocks plunge on Trump tariffs after weeklong break
Indonesian stocks tanked more than seven percent on Tuesday after a weeklong public holiday break, with trading briefly suspended at the open as uncertainty over US President Donald Trump's global tariffs roils markets.
Vietnam says to buy more US goods as it seeks tariff delay
Vietnam will buy more US goods including security and defence products, the government said, as it seeks a last-minute delay to enormous tariffs imposed by Washington. It would also "continue to buy more US products that are strong and Vietnam has demand for, including products related to security and defence; promote early delivery of aircraft trade contracts", the statement added.
Asian markets stage mild rebound but Trump tariff uncertainty reigns
Asian markets battled Tuesday to recover from the previous day's tariff-fuelled collapse, though Donald Trump's warning of more measures against China and Beijing's vow to fight "to the end" raised concerns the trade war could worsen. "If the US insists on going its own way, China will fight it to the end," a spokesperson for Beijing's commerce ministry said on Tuesday.
Spain PM heads to China, Vietnam as US tariff blitz bites
Spanish Prime Minister Pedro Sanchez aims to open new market opportunities during a visit to China and Vietnam this week on the heels of US President Donald Trump's sweeping tariffs. Vietnam, where Sanchez will make the first official visit by a Spanish prime minister, is to be hit with a thumping 46 percent tariff.
Hong Kong firm did not uphold Panama Canal ports contract: Panama audit
The Hong Kong firm in charge of two ports at either end of the Panama Canal -- which sparked US President Donald Trump's threats to seize the waterway -- has flouted the terms of its contract, according to Panamanian audit results released Monday.
Samsung forecast beats market expectations for first quarter
Samsung Electronics on Tuesday posted highest ever figures for its first quarter sales forecast and said it predicted a better-than-expected performance for its profits, beating market expectations. Sales were also seen as increasing to 79 trillion won, a near 10 percent jump from a year earlier, marking the highest first quarter figure on record and the second-highest quarterly revenue ever.
Nippon Steel shares soar as Trump reviews US Steel takeover
Nippon Steel shares soared Tuesday after US President Donald Trump launched a review of the company's proposed takeover of US Steel that was blocked by his predecessor Joe Biden. US Steel shares closed up 16 percent Monday, and Nippon Steel gained as much as 11 percent in Tokyo on Tuesday.
Economy
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