Asia stocks cautious before Fed, oil on defensive
TOKYO (Reuters) - Investor caution ahead of the Federal Reserve's interest rate meeting capped Asian stocks on Tuesday, while crude oil prices retreated as global growth worries overshadowed supply concerns stemming from recent Middle East tensions.
Bah humbug! Trump's plan for more China tariffs to hit festive shoppers
WASHINGTON/NEW YORK (Reuters) - This year's holiday season could be tighter for many Americans if the U.S. government imposes tariffs on another $300 billion worth of Chinese imports - because that will include tech products, game consoles, toys, cribs, ornaments and Santa hats.
Fed likely to resist pressure to cut U.S. rates this week
SAN FRANCISCO/WASHINGTON (Reuters) - The U.S. Federal Reserve, facing fresh demands by President Donald Trump to cut interest rates, is expected to leave borrowing costs unchanged at a policy meeting this week but possibly lay the groundwork for a rate cut later this year.
U.S. firms say China tariffs will raise costs, see few sourcing alternatives
WASHINGTON (Reuters) - A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remaining U.S.-China trade.
China holdings of U.S. Treasuries in April skid to nearly two-year low
NEW YORK (Reuters) - China's holdings of U.S. Treasury bonds and notes for the month of April fell to the lowest level since May 2017, data from the U.S. Treasury department showed on Monday, highlighting an uncertain outlook on a trade deal between Beijing and Washington.
Oil prices fall for second day on weak economic data
TOKYO (Reuters) - Oil prices were falling for a second day on Tuesday, after more signs that global economic growth is being hit by U.S.-China trade tensions, although losses were limited amid tensions in the Middle East after tanker attacks last week.
BOJ to debate overseas risks at this week's rate review: Kuroda
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the central bank's board would "certainly" discuss heightening overseas economic risks at a two-day rate review starting on Wednesday.
Insurance costs rocket for U.S. IPOs as twitchy investors take to courts
(Reuters) - Companies going public in the United States face insurance costs that have increased as much as 200% in the last three years to cover their executives against lawsuits alleging they misled investors.
Banks to include CO2 emission measures in shipping loan decisions
LONDON (Reuters) - A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.
China's May home prices up 0.7% m/m, touch ahead of April; rise 10.7% y/y
BEIJING (Reuters) - China's new home prices rose 0.7% month-on-month in May, picking up the pace slightly from a 0.6% gain the previous month, Reuters calculated from National Bureau of Statistics (NBS) data published on Tuesday.