Latest news with #AmericanMid
Yahoo
4 hours ago
- Automotive
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Akazawa Sees a Deal With US Sparing Japan From Higher Car Levies
(Bloomberg) -- Japan's top trade negotiator expects a trade deal with the US to spare Tokyo from higher auto tariffs, even if US President Donald Trump decides to increase them against other nations. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire 'We are in bilateral negotiations with the US,' Ryosei Akazawa said Friday as he left for Washington for his sixth round of trade talks with US counterparts. 'Generally speaking, if we reach a deal it should secure special treatment for Japan, and exclude it from rules that apply to most countries.' Akazawa made the remarks after being asked about Trump's comments that indicated he's considering raising tariffs on imported cars further to boost production in the US. Akazawa also said he was aware that US Treasury Secretary Scott Bessent has signaled a possible extension of the July 9 deadline to return across-the-board tariffs to original rates, which would mean a bump to 24% from 10% for Japan. Akazawa heads to the US as the two nations eye a potential trade deal out of an expected summit in Canada between Trump and Japanese Prime Minister Shigeru Ishiba. The two are expected to meet on the sidelines of the Group of Seven leaders' gathering starting Sunday. A 25% tariff on cars and car parts threatens to push the Japanese economy into a technical recession with a hit to the nation's most important exports, just as Ishiba prepares for a national election in July. The US has also recently doubled a levy on steel and aluminum to 50%. Akazawa said Japan will continue to seek a review of all US tariffs and aim for a package of agreements. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Sign in to access your portfolio
Yahoo
4 hours ago
- Business
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BOJ Is Said to See Inflation Running Stronger Than Expected
(Bloomberg) -- Bank of Japan officials see prices rising a little stronger than they expected earlier in the year, a factor that may open the door to discussions over whether to raise interest rates if global trade tensions ease, according to people familiar with the matter. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire The officials expect the central bank's benchmark interest rate to be left at 0.5% at the end of a two-day gathering next week as they need to monitor developments in tariff talks globally and their economic implications, the people said. But if tariff measures turn out to be not so disruptive for the underlying price trend, officials would see that supporting a discussion over whether to raise the rate, the people said. The comments from the people suggest that provided there is more clarity on the global trade situation, the central bank could raise rates by the end of this year. The BOJ meets on Monday and Tuesday next week and is widely expected to stand pat with investors focusing largely on its future bond buying plans and whether it will slow its paring of purchases from spring next year. For the time being the trade picture remains very unclear. Japan's top negotiator will arrive in Washington on Friday for a sixth round of talks with the US ahead of a Group of Seven summit in Canada. Prime Minister Shigeru Ishiba may meet President Donald Trump on the sidelines of the G-7 gathering. While Japan is seeking the removal of 25% tariffs on autos as part of the trade talks, Trump said Thursday he was considering raising the levies on car imports to the US even higher. Should clarity emerge on the trade front, though, the central bank would be in a position to consider raising rates given the firmness of prices, the people said. Recent price growth is a tad stronger than officials expected earlier in the year, the people said. Some officials see the relative strength in inflation reflecting a change in price-setting behavior with sharp increases in the price of rice likely to harden inflationary views among consumers, they said. Core inflation accelerated to 3.5% in April, the latest available national price data showed. In a survey conducted earlier this month, some 34% of economists expect the central bank to wait until January before raising the rate again, making that month the most popular choice for the next hike. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P.
Yahoo
14 hours ago
- Business
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Gold Extends Advance After Israel Attacks Iran's Nuclear Program
(Bloomberg) -- Gold advanced alongside other financial assets after Israel conducted airstrikes targeting Iran's nuclear sites, raising concerns over an escalation of hostilities in the Middle East. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire Bullion climbed as much as 1.3% following news of the attacks. Explosions were heard in Tehran, according to videos and local media, and Israeli Defense Minister Israel Katz said the nation was anticipating a retaliatory strike from Iran. The US said it was 'not involved' in the operation. The move higher extended a two-day gain, after weak US inflation and jobs data fueled bets that the Federal Reserve will lower interest rates later this year. A report on Thursday showed US producer price inflation remained muted in May, while a separate print showed recurring applications for unemployment benefits rose to the highest since the end of 2021. Gold has rallied 30% this year, with investors increasingly seeking safety in the haven asset due to concerns over President Donald Trump's aggressive trade policy and geopolitical tensions, including in Ukraine. Strong demand from central banks and sovereign institutions has also supported prices. Israel's attack on Iran followed repeated warnings from Prime Minister Benjamin Netanyahu about striking the OPEC producer and crippling its nuclear program. US and Iranian negotiators are scheduled to hold a round of talks in Oman on Sunday about Tehran's atomic program, but Trump said this week that he's less confident about the chances of a deal. Spot gold was 1.1% higher at $3,424.59 an ounce as of 9:25 a.m. in Singapore. The Bloomberg Dollar Spot Index rose 0.2%. Silver was little changed, platinum tumbled and palladium was lower. American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
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Gold Advances on Reports Israel Has Struck Targets in Iran
(Bloomberg) -- Gold rose a third day on reports that Israel struck targets in Iran. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire Bullion jumped as much as 0.8% — after gaining 0.9% on Thursday. The Israeli Air Force conducted a strike in Iran on Thursday, Axios reported, citing two unidentified people with knowledge of the operation. Spot gold traded at $3,406.61 an ounce as of 8:12 a.m. in Singapore. The Bloomberg Dollar Spot Index was down 0.1%. Silver, platinum and palladium also advanced. American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Business
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Israel Conducts Strikes in Iran in Major Escalation
(Bloomberg) -- Israel launched airstrikes on Iran, in a major escalation in the standoff over Tehran's atomic program that risks sparking a new war in the Middle East. Shuttered NY College Has Alumni Fighting Over Its Future Trump's Military Parade Has Washington Bracing for Tanks and Weaponry NYC Renters Brace for Price Hikes After Broker-Fee Ban Do World's Fairs Still Matter? NY Long Island Rail Service Resumes After Grand Central Fire Explosions were heard in Tehran, according to local media. Iran had previously vowed to respond to any attack. Israeli Defense Minister Israel Katz said in a statement he's declaring a special state of emergency due to Israel's 'preemptive strike against Iran.' Israel is anticipating a retaliatory drone and missile attack, Katz said in a statement. The attack came amid renewed questions about diplomatic efforts to resolve tensions over Iran's atomic work. US and Iranian negotiators are scheduled to hold a sixth round of talks in Oman on Sunday, but President Donald Trump said this week he's less confident about the chances of a deal. Oil surged following reports of the strike. Brent rose as much as 5.7%, jumping above $73 a barrel, while West Texas Intermediate also rallied. Israel is already involved in a major military operation in Gaza where it's been bombarding and blockading the civilian population for the past 20 months as it tries to destroy Hamas following the group's deadly attack on the Jewish state on Oct. 7, 2023. --With assistance from Nick Wadhams and Jon Herskovitz. (Updates with more details throughout, Katz statement in third paragraph.) American Mid: Hampton Inn's Good-Enough Formula for World Domination New Grads Join Worst Entry-Level Job Market in Years The Spying Scandal Rocking the World of HR Software US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P.
