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Trump's port fees on Chinese ships threaten US maritime industry, say executives
Hearing on proposed USTR port fee to continue WednesdayProposed fee on Chinese vessels will hurt US vessel operators, dampen demand for U.S.-built shipsDemocratic lawmakers back port fees, call for swift actionU.S. exports, seaports and jobs at risk if fees take effectBy Lisa Baertlein and David Law...
Tue, Mar 25
PRECIOUS-Gold edges up as tariff uncertainty continues to grip markets
March 25 (Reuters) - Gold prices edged higher on Tuesday amid persistent uncertainty over impending reciprocal U.S. tariffs and their impact on the global economy.
Tue, Mar 25
Fed's Kugler: Uptick in goods inflation 'unhelpful'
March 25 (Reuters) - Federal Reserve interest rate policy remains restrictive and well-positioned, Fed Governor Adriana Kugler said on Tuesday, but progress on bringing inflation back to the central bank's 2% target has slowed since last summer and the uptick in goods inflation seen in the lates...
Tue, Mar 25
[Reuters Analysis] Donald Trump’s boomerang will hit the US hard
LONDON, March 24 (Reuters Breakingviews) - When you throw a boomerang, you must be careful that it does not swoop back and hit you. Donald Trump risks such ricochet by bullying his allies.
Tue, Mar 25
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Tesla's sales and market share in Europe drop again in February
Tesla's market share falls to 1.8%, down from 2.8% last year Tesla sold fewer than 17,000 cars in Europe in February, versus over 28,000 in February 2024Elon Musk's political controversies may have impacted Tesla's European salesOverall BEV sales in Europe rise despite Tesla's declin...
Tue, Mar 25
China's DeepSeek releases AI model upgrade, intensifies rivalry with OpenAI
BEIJING, March 25 (Reuters) - Chinese artificial intelligence startup DeepSeek released a major upgrade to its V3 large language model, intensifying competition with U.S. tech leaders like OpenAI and Anthropic.The new model, DeepSeek-V3-0324, was made available through AI development platform Huggin
Tue, Mar 25
Trump to hit Venezuelan oil buyers with tariff, extends Chevron's wind down
Trump imposes 25% tariff from April 2 on countries buying Venezuela oilOil futures jump nearly 1.5% on planned tariffChina is biggest consumer of Venezuelan oil Trump extends Chevron's wind-down period in Venezuela to May 27By Timothy Gardner and Marianna Parraga WASHINGTON/HOUSTON March 24 (...
Tue, Mar 25
DeepSeek narrows China-US AI gap to three months, 01.AI founder Lee Kai-fu says
BEIJING/HONG KONG, March 25 (Reuters) - China has narrowed the AI development gap with the United States to just three months in some areas, because firms such as DeepSeek have worked out how to use chips and apply algorithms more efficiently, the CEO of Chinese startup 01.AI Lee Kai-fu said.
Tue, Mar 25
METALS-London copper edges up, firmer dollar checks gains
NEW DELHI, March 25 (Reuters) - Copper prices in London edged up on Tuesday as markets tracked the metal's movement to the U.S. amid potential tariff concerns, while a stronger dollar checked gains.The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) added 0.3% to $9,986 a ...
Tue, Mar 25
[Reuters Analysis] Trump policy swerves spur Europe into action, but any 'Europhoria' may be premature
FRANKFURT, March 25 (Reuters) - U.S. President Donald Trump's erratic policymaking has given Europe an unexpected spur to action, but any sense of "Europhoria" about the region's chances of turning this moment into a longer-lasting revival is likely premature.
Tue, Mar 25
[Reuters Analysis] Geely is legacy carmakers’ electric poster child
By Katrina Hamlin HONG KONG, March 25 (Reuters Breakingviews) - Rivals from Ford Motor F.N to Stellantis STLAM.MI will be looking at Geely Automotive 0175.HK with envy. Last week, the $23 billion Chinese vehicle producer revealed its core earnings jumped 56% to 7.7 billion yuan ($1.1 billion) in
Tue, Mar 25
Alibaba says to restart hiring, sees signs of start of AI bubble in the US
Tsai said tech companies taking heart from meeting with Xi Alibaba's headcount declined for 12 quarters Says some data center announcements worrying, sees start of AI bubbleBy Kane Wu and Selena Li HONG KONG, March 25 (Reuters) - Alibaba Group 9988.HK Chairman Joe Tsai said on Tuesday the te...
Tue, Mar 25
Tesla's February market share in Europe drops despite EV pickup
March 25 (Reuters) - Tesla's TSLA.O market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second consecutive month despite rising overall EV registrations on the continent.
Tue, Mar 25
Data lifts dollar as Trump talks tariffs
SINGAPORE, March 25 (Reuters) - The dollar hit a three-week high against the yen on Tuesday and was firm across the board after some strong U.S. services data and cautious optimism on the tariff front.
Tue, Mar 25
Japan's Nikkei bounces as US tariff fears ease, yen softens
TOKYO, March 25 (Reuters) - Japan's Nikkei share average climbed more than 1% on Tuesday as indications that impending U.S. tariffs against trading partners may be more measured and targeted than previously feared injected fresh optimism into markets.
Tue, Mar 25
GLOBAL MARKETS-Asian stocks rise on easing tariff worries; dollar perks up
SINGAPORE, March 25 (Reuters) - Asian stocks rose on Tuesday, taking cues from the Wall Street, as the prospect of narrower-than-feared U.S. tariffs boosted risk appetite, while the dollar hovered near three-week highs after upbeat economic data provided some comfort.
Tue, Mar 25
US STOCKS-S&P 500 ends sharply higher, Nvidia and Tesla rally
March 24 (Reuters) - The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.
Tue, Mar 25
London copper rises, firmer dollar checks gains
NEW DELHI, March 25 (Reuters) - Copper prices in London edged higher on Tuesday, as markets priced in increased supplies of the industrial metal moving to the U.S. amid concerns over potential tariffs, but a stronger dollar checked gains.
Tue, Mar 25
Gold slips as Trump eases tariff threats, Fed shows caution over rate cut
March 25 (Reuters) - Gold inched lower on Tuesday after U.S. President Donald Trump eased concerns by stating that not all of his proposed tariffs would take effect on April 2, while a Federal Reserve official signalled a cautious stance on interest rate cuts this year.
Tue, Mar 25
GLOBAL MARKETS-Stocks jump, US Treasury yields climb on tariff optimism
NEW YORK, March 24 (Reuters) - Global stocks rallied on Monday, led by gains in U.S. stocks, while U.S. Treasury yields climbed after reports that President Donald Trump's tariff plan may use a more targeted approach than previously thought, boosting risk appetite.
Tue, Mar 25
