The dollar showed cautious trading on Tuesday, failing to gain significant momentum from an uptick in US Treasury yields. Despite this, the Japanese yen faced continued pressure, hovering near multi-decade lows and prompting market watchers to stay vigilant for potential intervention signals.

The Japanese yen struggles amid rising US treasury yields: Report

Donald Trump's media and technology venture, Trump Media & Technology Group, saw a sharp decline in its shares, falling by as much as 12 per cent on Monday. This extended selloff has diminished the value of Trump's stake in the firm to $2.

Trump's media venture faces steep stock decline, valuation drops to $2.9 bn

Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country. This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing.

Tata Group in talks to acquire Pegatron's sole iPhone plant in India: Report

The Biden administration has decided to award the South Korean tech giant Samsung $6.6 billion subsidy to strengthen domestic semiconductor production. The funds are designated to expand Samsung's chip output in Taylor, Texas, Reuters reported, citing sources familiar with the matter revealed.

Biden administration to grant Samsung a $6.6 bn subsidy for Texas chip expansion

New Zealand's economic landscape appears increasingly bleak, with the potential for a hard landing looming large as business confidence takes a significant hit in the first quarter, Bloomberg News reported.

New Zealand economy faces risk of hard landing amid waning business confidence

Consumer confidence in Australia has taken a hit in April, indicating the growing concerns of households grappling with soaring inflation and interest rates at a 12-year high, Bloomberg News reported.

Australian consumer confidence dips amid high inflation and interest rates

Hong Kong's Chief Executive, John Lee, announced on Monday that the government is exploring additional measures to strengthen the city's securities market. This comes after the markets were hit by geopolitical tensions and China’s slowing economy.

Hong Kong considers further steps to revitalise stock market while economic challenges persist

The downward trajectory of real wages in Japan has persisted in February, marking the 23rd consecutive month of decline, according to recent data released on Monday.

Japan's real wages decline for 23rd consecutive month in February

Chinese property developer, Shimao Group is facing a legal challenge as China Construction Bank (Asia) filed a liquidation petition against it in Hong Kong over a financial obligation amounting to HK$1,579.

Liquidation suit hits China's Shimao Group over an unpaid $202 million loan

US Treasury Secretary Janet Yellen concluded her four-day visit to China with a pivotal meeting at the central bank, voicing the need for Chinese leaders to address excess industrial capacity and stimulate domestic demand.

Yellen wraps up China trip, urges action on excess industrial capacity

China's Commerce Minister, Wang Wentao, commenced his European tour with a major meeting involving leading Chinese electric vehicle (EV) manufacturers BYD and CATL.

China’s commerce minister leads delegation for EV firms amid EU probe

Goldman Sachs Group has warned that the implementation of steep tariffs on Chinese imports proposed by former President Donald Trump, could hamper the growth of the US economy and lead to a surge in inflation.

Goldman Sachs warns of economic consequences of Trump's proposed tariffs on China

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Zee News Rajasthan

Editor

Shashwat Sankranti

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