Latest Business News
US House Votes to End Trump's Tariffs on Canada
The US House defied President Trump by voting to terminate his proposed tariffs on Canada, as reported in breaking news on Bloomberg Television. This move comes amid sources indicating Trump is privately considering quitting the USMCA trade pact.
The decision highlights growing congressional resistance to protectionist trade policies.
Strong US Payrolls Data Tempers Fed Rate Cut Expectations
Robust US payrolls figures have reduced bets on Federal Reserve interest rate cuts, according to Bloomberg's Asia Trade broadcast. This data influences market outlooks and tempers expectations for monetary easing.
Analysts like Bokeh Capital's Kim Forrest discussed the implications for markets and the 'AI scare trade'.
83% of Business Leaders Find Cross-Border Operations More Complex
Avalara's 2026 Cross-Border Chaos Report reveals 83% of leaders view international operations as more complex than last year due to tariffs and volatility. Additionally, 39% have delayed market entry amid regulatory uncertainty.
Businesses are leaning on technology for compliance and growth.
Trump Privately Weighs Quitting USMCA Trade Pact
Sources report President Trump is considering withdrawal from the USMCA trade agreement with Canada and Mexico. This development follows the House vote against his Canada tariffs.
It signals potential escalation in North American trade tensions.
Japan January Export Prices Rise 6.6% Year-on-Year
Japan's export prices increased 6.6% y/y in January, while import prices rose 0.5%, per breaking economic data. This reflects ongoing inflationary pressures in trade.
Markets in Japan and South Korea opened amid these figures.
Financial Services CEOs Forecast Strong 2026 Growth with AI Boost
Financial services leaders predict solid revenue, profitability, and productivity gains for 2026, driven by AI returns exceeding forecasts. CEOs see AI as a key upside surprise.
This optimism counters broader trade uncertainties.
AMP Shares Plunge Most Since 2003 After Earnings Miss
Australian financial firm AMP's shares dropped sharply, the most since 2003, following a full-year earnings disappointment. The plunge occurred during Asia market open.
Investors reacted to weaker-than-expected results.
SoftBank Poised to Benefit from AI Valuation Surge
SoftBank is expected to gain from rising AI valuations, as highlighted in market analysis. The firm's investments position it well in the AI boom.
This comes amid broader discussions on AI's market impact.
Northern Star Profit Jumps on Higher Gold Prices
Australian gold miner Northern Star reported a profit surge driven by elevated gold prices. The earnings beat reflects strong commodity demand.
It provides a bright spot in mining sector updates.
Elliott's $5.5B Japan Shift Faces Test on Toyota Deadline
Activist investor Elliott Management's $5.5 billion shift into Japan faces scrutiny with an impending Toyota deadline. This tests the fund's strategy in Asian markets.
Outcomes could influence investor sentiment toward Japanese equities.
China’s Zhipu Unveils New AI Model, Intensifies Race
Chinese AI firm Zhipu launched a new model, jolting competition with rivals like DeepSeek. This advances China's position in global AI development.
It underscores accelerating innovation in the sector.