The United States will reduce import duties on South Korean automobiles to 15%, effective retroactively to November 1, Commerce Secretary Howard Lutnick announced Tuesday.
U.S. shoppers spent $9.1 billion online on Cyber Monday, Adobe Analytics said, capping a strong Black Friday weekend marked by splurges from wealthier consumers and deal-hunting by lower-income households.
Investing.com-- Oil prices were steady in Asian trading on Tuesday, holding on to gains from the previous session as OPEC+ reaffirmed it will pause production increases in the first quarter, while traders continued to assess supply risks stemming from geopolitical tensions.
Most Asian stock markets edged higher on Tuesday, lifted by growing expectations of a Federal Reserve rate cut next week, while Japanese stocks struggled amid signals the Bank of Japan may raise interest rates.
Oil prices climbed in early trade on Tuesday for a second consecutive session as market participants assessed risks stemming from Ukrainian drone strikes on Russian energy sites and mounting U.S.-Venezuela tensions.
The U.S. dollar remained under pressure on Tuesday as weaker-than-expected manufacturing activity data from the world’s biggest economy heaped pressure on the Federal Reserve to cut interest rates at its policy meeting later this month.