The US tariff rate for some countries will go up to 15% or higher from the newly-imposed 10%, Jamieson Greer, the US trade representative, said on Wednesday, without naming any specific trading partners or other details.“Right now, we have the 10% tariff. It’ll go up to 15 [%] for some and then it may go higher for others, and I think it will be in line with the types of tariffs we’ve been seeing,” Greer said in an interview on Fox Business Network’s Mornings with Maria program.The US president suffered a d ...

Core Insights - Volvo Cars experienced a significant decline in profits for 2025, attributing the downturn to U.S. tariffs and the strengthening of the Swedish krona [1][4] Financial Performance - The company's EBIT fell to 0.3 billion kronor ($33.3 million) in 2025, adjusted to 12.5 billion kronor after accounting for an 11.4 billion kronor impairment charge and a 0.8 billion kronor restructuring cost, a sharp decrease from 22.3 billion kronor in 2024 [2] - In Q4 2025, profits dropped by 51% year-over-year, with EBIT decreasing from 3.9 billion kronor in 2024 to 1.9 billion kronor [3] - Q4 revenue declined to 94.4 billion kronor from 112.1 billion kronor in the same period of 2024, while full-year retail sales fell 7% to 710,000 vehicles and wholesale sales dropped 11% to 693,000 vehicles [4] Market Challenges - External factors such as EU-US import tariffs, a stronger Swedish krona, weak demand affecting pricing, and the removal of EV incentives in the U.S. contributed to the company's poor performance [4] Cash Flow and Future Outlook - A positive aspect was the increase in cash flow from operating and investment activities, which rose 118% from 1.1 billion kronor in 2024 to 2.4 billion kronor in 2025 [5] - The company anticipates negative cash effects in the first half of 2026 due to costs associated with the production start of the new electric EX60 and inventory buildup for XC90 and XC60 models [5]

Core Viewpoint - The world economy is expected to grow at a moderate pace in 2026, supported by looser monetary policy, fiscal stimulus, and momentum from the AI sector, but faces downside risks due to global uncertainties [1][5]. Economic Growth Projections - Global growth in 2025 was better than expected despite trade disruptions and policy uncertainty, with resilience anticipated to continue into 2026 [2] - The ACCA forecasts a 3% increase in world GDP for 2026, aligning with the previous year's performance, but emphasizes that risks are skewed to the downside [2] Key Areas of Focus - The report identifies three pivotal areas for the upcoming year: developments in AI, movements in advanced economy bond markets, and changes in global trade dynamics [3] - Early productivity gains from AI investments may alleviate concerns about an AI bubble, but diminishing confidence could lead to market corrections [3] Risks and Challenges - A sharp rise in government bond yields could negatively impact economies by increasing debt-servicing costs, driven by fears regarding debt sustainability and political instability [4] - The report highlights the need to monitor the effects of higher US tariffs and warns of the potential for renewed trade tensions [4]

Mexico President Claudia Sheinbaum said she will hold a short in-person meeting with Donald Trump this week in Washington, as they continue to negotiate over US tariffs on her nation’s goods. https://t.co/gpK72kidYR ...

India’s rupee may weaken further, according to analysts, who are watching the central bank’s willingness to defend a currency buffeted by the harshest US tariffs in Asia https://t.co/27UubOY4GK ...

Core Viewpoint - Toyota Motor is anticipated to experience a decline in operating profit for the second consecutive quarter due to U.S. tariffs and supply-chain risks, despite strong global sales of hybrid vehicles [1] Group 1: Financial Performance - The company is expected to report a decrease in quarterly operating profit, marking the second consecutive decline [1] Group 2: Market Conditions - U.S. tariffs are impacting the company's operations negatively [1] - Supply-chain risks are also contributing to the operational challenges faced by the company [1] Group 3: Product Performance - Despite the challenges, there is robust global demand for hybrid vehicles, which remains a positive aspect for the company [1]

Core Insights - GSK raised its 2025 sales and earnings forecasts due to strong growth in its specialty HIV and cancer medicines, leading to a significant increase in share price [1][2] - Despite a decline in U.S. sales of the shingles vaccine Shingrix, GSK's shares have increased by nearly 4% this year, contributing to a total gain of around 25% [1] Sales Performance - Overall vaccine sales reached £2.68 billion in the quarter ending September 30, surpassing analyst expectations of £2.55 billion [3] - Sales outside the U.S. were a key driver of growth, while U.S. sales of Shingrix fell by 15% [3][4] - GSK's influenza vaccine sales also declined in the U.S. due to increased competition [4] Future Outlook - GSK's CEO transition to Luke Miels is anticipated to bring new strategies to navigate U.S. tariffs and offset revenue declines from expiring patents [2][5] - The company aims for annual revenue exceeding £40 billion ($54 billion) by 2031, with current estimates around £34 billion [5] - GSK expects annual revenue growth of 6% to 7% and core earnings per share growth of 10% to 12%, an increase from previous forecasts of 3% to 5% revenue growth and 6% to 8% earnings growth [5][6] Financial Performance - GSK reported core earnings per share of 55 pence on sales of £8.55 billion for the quarter, exceeding analyst expectations of 47.1 pence on £8.24 billion [6] - Revenue in the U.S. business grew by 7% at constant exchange rates, totaling £4.55 billion [6]

Core Insights - Illinois Tool Works Inc. reported mixed third-quarter fiscal 2025 results, with revenue of $4.06 billion, a 2.3% year-over-year increase, but below the expected $4.08 billion [1] - The company narrowed its full-year 2025 GAAP EPS guidance to $10.40-$10.50, aligning with consensus, and projected full-year sales between $16.057 billion and $16.375 billion [2] - The company achieved an EPS of $2.81, a 6% year-over-year growth excluding divestiture gains, and recorded an operating margin of 27.4% alongside a 15% increase in free cash flow [3] Financial Performance - Revenue increased by 2.3% year-over-year to $4.06 billion, missing analyst expectations [1] - Organic revenue growth was reported at 1% year-over-year for the quarter [1] - Earnings per share (EPS) were $2.81, compared to $3.91 a year ago, exceeding the consensus estimate of $2.71 [1] Guidance and Projections - Full-year 2025 GAAP EPS guidance was tightened to $10.40-$10.50 from a previous range of $10.35-$10.55 [2] - Projected full-year sales for 2025 are between $16.057 billion and $16.375 billion, slightly below the consensus of $16.076 billion [2] Market Reaction - Following the earnings announcement, Illinois Tool Works shares rose by 1.1% to $248.45 [4] - Analysts adjusted their price targets, with a consensus rating of "Hold" and a consensus price target of $253.29 [5] Analyst Ratings - Wells Fargo maintained an Underweight rating and lowered the price target from $250 to $245 [7] - Truist Securities maintained a Hold rating and reduced the price target from $298 to $275 [7] - Barclays also maintained an Underweight rating, raising the price target from $243 to $244 [7]

Economic Outlook - Europe将进行严格的经济健康检查，以评估美国关税对增长和通货膨胀的影响 [1] - 政策制定者将召开会议以设定利率 [1]

President Trump said he's ending "all trade negotiations" with Canada because of recent television ads protesting US tariffs. https://t.co/pYgKNSG98g ...