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Markets mostly up as US producer price data stokes rate cut bets
Markets mostly up as US producer price data stokes rate cut bets
Business and Economy
by  AFP

Asian equities mostly rose Thursday as investors built on this week's rally after US data ramped up expectations for a string of interest rate cuts. The data soothed worries that US President Donald Trump's tariff war would reignite inflation -- as many have warned -- and gave the Fed room to cut rates and address weakness in the jobs market.

Under US pressure, Mexico mulling 50% tariff on Chinese cars
Under US pressure, Mexico mulling 50% tariff on Chinese cars
Business and Economy
by  AFP

Mexico, under pressure not to serve as a back door for Chinese goods entering the United States, has proposed a 50-percent duty on car imports from the Asian giant -- up from 15-20 percent. The White House has said Chinese producers are abusing a free-trade deal between the United States, Mexico and Canada to send goods northward over the Mexican border tariff-free.