Latest news with #Natixis
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First Post
3 days ago
- Business
- First Post
Trump to impose 10-15% tariff on over 150 countries — but there's a catch
US President Donald Trump has said that he will impose 10-15% tariff on more than 150 countries. He also said that this bracket will not include large trading partners. read more US President Donald Trump has said that he will impose tariffs in the range of 10 to 15 per cent on more than 150 countries. However, Trump noted that this bracket will not include large trading partners of the United States. Trump told reporters on Wednesday that 'we'll have well over 150 countries that we're just going to send a notice of payment out, and the notice of payment is going to say what the tariff' rate will be. STORY CONTINUES BELOW THIS AD Trump further said that these countries will not be 'big countries and they don't do that much business'. Later in the day, Trump told Real America's Voice that the rate would 'be probably 10 or 15 per cent, we haven't decided yet' The fact that Trump is imposing lesser tariffs on smaller economies suggests that Trump has realised high tariffs are disruptive, according to Alicia Garcia Herrero, the Chief Asia Pacific Economist at Natixis. 'For much of the world —and Asia in particular, which faces among the highest levies— the rate announcement could be read as a positive, providing some certainty for smaller countries with a lower rate than initially threatened,' Herrero told Bloomberg. Herrero further said that the move also signals that 'Trump is realizing that too high tariffs are disruptive." In recent weeks, Trump has sent out letters to various countries to inform them of tariffs that they will face starting August 1. In line with the stand in April, Trump has slapped some of the highest tariffs on some of the closest US strategic and trade partners. For example, Trump has imposed Japan and South Korea with 25 per cent tariff each. Trump has so far sent letters to 22 countries that also include Malaysia (25 per cent), Bangladesh (35 per cent), Indonesia (32 per cent), and South Africa (30 per cent), among others. The United States has some of the most critical trade partnerships with these countries. STORY CONTINUES BELOW THIS AD South Korea and Japan are major supplier of cars, automobile parts, semiconductors, pharmaceuticals, and machinery to the United States; Malaysia is the second-largest supplier of chips; Bangladesh, Indonesia, and Cambodia are manufacturing hubs for apparel and accessories, and South Africa accounts for nearly half of all US platinum imports and was the largest single supplier last year, according to CNN.
Yahoo
4 days ago
- Business
- Yahoo
4 Ways Gen Xers Can Make More Money as They're Nearing Retirement
With the oldest Gen Xers turning 60 this year, the generation is inching ever closer to retirement. The 'sandwich generation,' however, is not so sure they are ready for their next chapter. According to a survey by Natixis Investment Managers, 24% believe they will never retire. Additionally, nearly half (44%) think it would take a 'miracle' for them to be able to retire. Read Next: Check Out: The good news is that hopeful retirees can still take steps to get on track. Here are four ways Gen X can make more money as they're nearing retirement. Max Out Contributions With retirement closing in, Gen Xers should be maxing out contributions if it makes sense financially. The experts at Ramsey Solutions suggest individuals max out contributions to their 401(k) if they can afford to invest more money toward retirement. There are limits, however, to how much a person can invest. For 2025, a person can contribute up to $23,500 in their workplace retirement plan. Individuals 50 and older can also make catch-up contributions. The IRS limits catch-up contributions to an additional $7,500, meaning people 50 and older can contribute up to $31,000 to their 401(k) in 2025. Individuals ages 60 to 63 can make catch-up contributions up to $11,250 this year, bringing their maximum to $34,750. While maximizing contributions to a workplace retirement plan is a good idea for people looking to boost savings, it may not be the right move for everyone, particularly individuals who have large amounts of debt or who may have pressing financial obligations. It is essential to speak to a financial advisor to ensure any money moves are the right ones based on individual needs and goals. Be Aware: Take Advantage of Employer Matching Another way Gen Xers can boost retirement savings is by taking advantage of employer matching. Many people are missing out on free money by not contributing enough to their employer-sponsored retirement plan to receive a matching contribution. According to Fidelity, the overall average employer contribution is 4.8%, but matching plans can vary significantly by employer. Get a Side Gig Gen Xers who want to increase their income before retirement can look into a side gig. Today, moonlighting is easier than ever. Without having to leave the comfort of their home, 'latchkey generation' kids can pick up freelance work that can bring in a decent amount of money each month. For individuals worried about having enough money after they quit their 9-to-5, having a side hustle can help to supplement their retirement income. From virtual assistants to dog walking, Gen Xers have a wide range of opportunities to pursue. Change Investment Strategies Finally, Gen Xers can consider changing investment strategies to boost retirement savings. Being too conservative by cutting back on stock investments in favor of steadier bonds can hurt future retirees. The experts at Charles Schwab caution against going 'too conservative, too soon' in favor of a more moderate approach. As with any investment strategy, it is critical to work with a financial professional who can assess individual financial goals to ensure the right approach. More From GOBankingRates 10 Unreliable SUVs To Stay Away From Buying This article originally appeared on 4 Ways Gen Xers Can Make More Money as They're Nearing Retirement Sign in to access your portfolio
New Straits Times
4 days ago
- Business
- New Straits Times
Indonesia says US trade deal reached after 'extraordinary struggle'
JAKARTA: Indonesia said on Wednesday it had reached a trade deal with the United States after an "extraordinary struggle" in negotiations which resulted in a reduction of proposed US tariff rates on the Southeast Asian country's exports to 19 per cent from 32 per cent. US President Donald Trump said on Tuesday a deal had been struck after he spoke to Indonesian President Prabowo Subianto. The deal is among only a handful reached so far by the Trump administration ahead of an August 1 deadline for negotiations. "This is an extraordinary struggle by our negotiating team led by the Coordinating Minister for Economic Affairs," Hasan Nasbi, the Indonesian president's spokesperson, told reporters on Wednesday. Nasbi said Prabowo had also negotiated directly with Trump over the phone, without giving further details. He said Prabowo would hold a press conference later on Wednesday after returning from a foreign trip. Indonesia - the world's fourth-largest country and a member of G20 - ran a goods trade surplus of US$17.9 billion with the United States in 2024, according to the US Trade Representative. Nasbi called the deal a "meeting point" between the two governments, and said Indonesia's tariff rate was much lower than other countries in Southeast Asia. Indonesia, Southeast Asia's largest economy, has committed to purchasing 50 Boeing jets, US$15 billion in US energy, and US$4.5 billion in US agricultural products as part of its trade agreement with the United States, Trump said. Trump outlined an Indonesia deal similar to a preliminary pact struck recently with Vietnam, with a flat tariff on exports to the US roughly double the current 10 per cent and no levies on US exports to Indonesia. It also included a penalty rate for so-called transshipments of goods from China via Indonesia. Indonesia's stock index rose as much as 0.7 per cent on Wednesday after the deal, which some analysts said would provide a positive catalyst for economic activities. "Well, 19 per cent is better than 32 per cent," Matt Simpson, a senior market analyst at City Index in Brisbane, said. "Indonesian non-oil exports such as footwear and textiles will take a hit, but energy and agriculture are set to gain. Officials are of course pleased because they're in Trump's good books," he added. Natixis warned the Indonesian economy would still be affected by Trump's tariffs on China - Indonesia's biggest trade partner. Myrdal Gunarto, an economist with Maybank Indonesia, described the deal as relatively good, as Jakarta is getting a tariff below those imposed on other Southeast Asian neighbours. "(The deal) opens more space for domestic lower monetary policy rate," he said, predicting it would also trigger capital inflows. A bare majority of analysts in a Reuters poll expected Indonesia's central bank to cut interest rates later on Wednesday to bolster economic growth. (Reporting by Stefanno Sulaiman, Ananda Teresia and Gayatri Suroyo; Writing by Gibran Peshimam; Editing by John Mair and Kim Coghill)
CNBC
6 days ago
- Business
- CNBC
EU in a difficult position with China amid U.S. tariff negotiations, says economist
Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis and senior fellow at Bruegel, discusses the impact of EU-U.S. tariff negotiations on EU-China relations ahead of the upcoming summit.
Yahoo
6 days ago
- Business
- Yahoo
MN8 Energy closes $575m secured notes offering
MN8 Energy, an independent US renewable energy company, has closed a $575m senior secured notes offering, managed by Natixis Corporate & Investment Banking. Natixis played multiple roles, including those of lead placement agent, ratings advisor and green issuance coordinator, for this transaction. The financing is supported by MN8 Portfolio IV which includes 972MW of distributed generation, utility-scale photovoltaic solar projects and a 75MW four-hour battery energy storage system (BESS). MN8's Portfolio IV comprises 29 project sites across nine states and is managed internally by MN8. MN8 Energy plans to allocate the net proceeds from this offering towards repaying existing project debt and funding distributions that will be reinvested within its wider portfolio. The structured arrangement allows for delayed funding tranches that align with project completion milestones. This financial planning facilitates full refinancing of the previously obtained $612m construction bridge financing for the company's' three solar plants totalling 517MW. MN8 Energy chief financial officer David Callen stated: 'This $575m financing supports MN8's growth trajectory and underscores the strength of our diversified renewable energy platform. 'We're grateful to have Natixis and all our financing partners for their support on this transaction. Natixis' deep project finance expertise and their significant debt underwriting capabilities made them an ideal choice to lead this complex transaction. This financing provides us with the flexibility we need to efficiently fund our robust pipeline as we continue scaling our business.' Natixis CIB DCM Americas co-head Anthony Ferraro stated: 'We are proud to have worked once again with MN8 on another landmark renewables deal. 'This successful collaboration highlights the strength of our partnership with MN8 as well as Natixis CIB's market-leading infrastructure finance franchise with comprehensive solutions across project finance, rate hedging and debt capital markets.' Additional banks involved include joint placement agents Société Générale and HSBC Bank USA, along with co-placement agents CIBC World Markets, MUFG Securities Americas and Texas Capital. A letter of credit facility amounting to $145.7m was also provided by Natixis CIB alongside Société Générale and HSBC Bank USA. In April 2024, MN8 Energy had secured a $325m private placement to support its expansion initiatives. This investment comprised $200m from Mercuria Energy Group and $125m from Ridgewood Infrastructure. "MN8 Energy closes $575m secured notes offering" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
