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Reuters

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US cancelled meeting with Taiwan as China trade talks loomed, FT reports

July 30 (Reuters) - The U.S. cancelled a meeting with Taiwan's defence minister in June, highlighting concern that President Donald Trump is wary of supporting the island in ways that could harm U.S. relations with China, the Financial Times reported on Wednesday.Taiwan's Wellington Koo had ...
15 minutes ago

South Korea-US trade talks also include chips, batteries and biotech, Seoul official says

SEOUL, July 30 (Reuters) - South Korea, which is holding trade negotiations with the United States, is focusing on areas that can lead to mutually beneficial agreements, the policy chief of South Korea's presidential office, Kim Yong-beom, said on Wednesday. In addition to shipbuilding, South Ko...
16 minutes ago

JGB investors bide time before Fed, BOJ policy decisions

By Kevin BucklandTOKYO, July 30 (Reuters) - Japanese government bond yields were mostly flat on Wednesday amid sluggish trading as investors girded for monetary policy decisions from the U.S. Federal Reserve and Bank of Japan over the next 24 hours.The 10-year JGB yield JP10YTN=JBTC was flat at 1.55
17 minutes ago

EXCLUSIVE-Tesla signs $4.3 billion LGES battery deal, source says, reducing China reliance

LGES to provide Tesla with LFP batteries for energy storage systems from US factory -sourceTesla has been looking to reduce reliance on Chinese suppliers due to US tariffsLGES says supply contract to last from August 2027 to July 2030By Heekyong Yang and Hyunjoo Jin SEOUL, July 30 (Reuters) - Sou...
2 hours ago

Japan's Nikkei treads water as central bank meetings, tariff deadline loom

By Kevin Buckland TOKYO, July 30 (Reuters) - Japan's Nikkei share average ended morning trade flat on Wednesday after spending most of the session slightly lower, as investors braced for a three-day period that will see policy decisions from the Federal Reserve and Bank of Japan, followed by ...
3 hours ago

Lilly set for strong quarter after Novo profit warning

By Patrick Wingrove and Bhanvi Satija July 29 (Reuters) - Investors and analysts say they expect Eli Lilly LLY.N to report stronger quarterly sales and profit next week than Danish rival Novo Nordisk NOVOb.CO did on Tuesday, and are anxiously awaiting a full-year outlook and updates on an experim
6 hours ago

US, China tariff truce holds for now but US says Trump has final say

Two days of 'constructive' trade talks end in StockholmTrump to decide whether to extend truce, US officials say China seeks reduction of US tariffs and tech export controlsChina aware of strong negotiating hand, analyst says Trump says he thinks he and Xi will meet by year-endBy David Lawde...
6 hours ago

Oil prices rally on US pressure on Russia, trade deal optimism

Brent, WTI hit highest since June 20US to start impose tariffs and other measures on Russia ten days from today, Trump saysChina could face high tariffs if Beijing continued its Russian oil purchasesUS crude stockpiles rose by 1.54 million barrels last week - APIBy Nicole Jao NEW YORK, July 29 (R
6 hours ago

Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares

Visa maintains annual net revenue growth forecast CEO McInerney sees no meaningful impact from tariffs Payments volume rises 8% year-on-year By Pritam Biswas and Ateev Bhandari July 29 (Reuters) - Visa V.N beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global p
6 hours ago

Boeing's quarterly loss shrinks as jet deliveries rebound, but shares drop

Boeing ramps up 737 MAX production, stabilizing operationsBoeing says FAA will not certify 737 MAX 7 and 10 models until 2026Boeing faces supply chain disruptions, tariff pressuresBy Dan Catchpole and Shivansh Tiwary July 29 (Reuters) - Boeing's BA.N quarterly loss more than halved and was mu...
6 hours ago

Nissan to stop production at Civac plant in Mexico by March 2026

TOKYO, July 30 (Reuters) - Japanese automaker Nissan 7201.T said on Wednesday that the company would stop production at its Civac plant in Mexico by March 2026 as part of its global restructuring plan. The embattled automaker would integrate vehicle production from its Civac plant to its Aguascalien
6 hours ago

[Reuters Analysis] China stake in CK Hutchison port sale could ease Beijing pressure but US geopolitical risks remain

Deal underscores China-US battle for global maritime influenceChina pushing state shipping giant COSCO as investor, sources U.S. likely to oppose COSCO's involvement, analystRegulatory approval could take years, analysts By James Pomfret, Clare Jim and Davide Barbuscia HONG KONG/NEW YORK, Jul...
6 hours ago

Gold ticks up with all eyes on US-China talks, Fed meeting

Fed likely to leave rates unchanged on WednesdayBullion hit its lowest level in nearly three weeks on MondayBy Sherin Elizabeth Varghese July 29 (Reuters) - Gold prices edged higher on Tuesday as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve's policy meeting....
12 hours ago

Britain warns Israel it will recognise Palestinian state as Gaza starvation spreads

UNITED NATIONS/LONDON, July 29 (Reuters) - Britain said on Tuesday it would recognise a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas.
12 hours ago

Wall Street returns to work after Manhattan shooting that killed Blackstone executive

NEW YORK, July 29 (Reuters) - Bankers and traders returned to work on a somber Tuesday morning in Midtown Manhattan, New York's financial epicenter, one day after a shooting that killed four people, including a senior Blackstone BX.N executive.
12 hours ago

US goods trade deficit shrinks in likely boost to second-quarter GDP

WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.
12 hours ago

Royal Caribbean lifts annual profit forecast on steady cruise demand

By Anuja Bharat Mistry July 29 (Reuters) - Royal Caribbean RCL.N raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company also forecast current-quarter profit below estimate...
14 hours ago

Spotify forecasts profit below estimate on high payroll taxes, shares sink

Spotify shares more than doubled in value in past 12 monthsCompany's premium subscribers up 12% in Q2More people are consuming video on the platform, says CEOBy Jaspreet Singh July 29 (Reuters) - Spotify SPOT.N forecast quarterly profit below estimate on Tuesday, as higher taxes related to em...
15 hours ago

UnitedHealth signals prolonged pain with new, far lower profit forecast, shares fall

UnitedHealth profit forecast falls short of analysts' estimatesShares down about 5% Expects to return to profit growth in 2026By Sriparna Roy and Sneha S K July 29 (Reuters) - UnitedHealth Group UNH.N provided a full-year profit forecast on Tuesday after suspending its prior outlook in May,...
15 hours ago

JetBlue posts smaller-than-expected loss as U.S. demand recovers

By Aishwarya Jain and Doyinsola Oladipo July 29 (Reuters) - JetBlue Airways JBLU.O on Tuesday posted an adjusted loss for the second quarter that was smaller than Wall Street expectations, helped by cost cutting measures and recovering demand for travel in the U.S.Shares of the carrier shot up ne...
15 hours ago
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