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South Korea companies to invest $150 billion in US, Yonhap says
SEOUL, Aug 26 (Reuters) - South Korean companies will invest around $150 billion in the United States, Yonhap news agency reported on Tuesday, citing Ryu Jin, chairman of the business group Federation of Korean Industries.
Tue, Aug 26
Oil eases after rising to two-week high on Russia-Ukraine supply concerns
By Anjana Anil Aug 26 (Reuters) - Oil prices edged down on Tuesday after surging nearly 2% in the previous session, as traders kept a close watch on developments in the Russia-Ukraine conflict for the potential impact on fuel supplies from the region.Brent crude futures LCOc1 fell 16 cents, or 0.
Tue, Aug 26
Trump wants to meet North Korea's Kim this year, he tells South Korea
North Korea's Kim has ignored call for Trump talksSouth Korea's President Lee met with Trump on trade, securityKorean Air to buy 103 Boeing aircraftBy Steve Holland, Hyunjoo Jin, David Brunnstrom and Trevor Hunnicutt WASHINGTON/SEOUL, Aug 25 (Reuters) - U.S. President Donald Trump said on...
Tue, Aug 26
Trump says he is removing Fed Governor Cook
WASHINGTON, Aug 25 (Reuters) - U.S. President Donald Trump said on Monday he was removing Federal Reserve Governor Lisa Cook from her position on the Fed's board of directors.Trump made the announcement in a letter to Cook that he posted on social media.
Tue, Aug 26
Databricks eyes over $100 billion valuation as investors back AI growth plans
Databricks' valuation set to rise 61% in new funding roundExisting investors Thrive Capital and a16z are set to double downDatabricks is one of the most valuable private companies By Pritam Biswas, Ateev Bhandari and Krystal Hu Aug 19 (Reuters) - Analytics firm Databricks said on Tuesday its ...
Mon, Aug 25
Orsted shares sink to record lows after US halts wind farm off Rhode Island
Orsted shares drop 17% after US halts wind farm projectOrsted's project was 80% complete Orsted plans $9.4 billion rights issue despite setbackDenmark's strained US relations may hinder diplomatic effortsGovernors criticize suspension, pledge to reverse orderBy Stine Jacobsen, Jacob Gronholt...
Mon, Aug 25
Jefferies raises S&P 500 annual target to 6,600 on resilient earnings
Aug 25 (Reuters) - Jefferies raised its year-end target for the S&P 500 .SPX index to 6,600, citing robust second-quarter corporate earnings, easing concerns about the health of the U.S. economy.
Mon, Aug 25
Figma draws 'neutral' ratings as Wall Street flags lofty valuation, rising competition
Aug 25 (Reuters) - Wall Street brokerages on Monday started their coverage of Figma FIG.N with neutral ratings, as they weighed the design software maker's lofty valuation amid stiff competition against its potential for artificial intelligence-driven growth.
Mon, Aug 25
Major brokerages pivot to Sept Fed rate cut on Powell's labor warning
By Rashika Singh Aug 24 (Reuters) - Major brokerages, including Barclays, BNP Paribas and Deutsche Bank, now expect a 25-basis-point U.S. Federal Reserve rate cut in September following Chair Jerome Powell's shift in tone at Jackson Hole toward rising risks in the labor market.Powell's re...
Mon, Aug 25
Asia shares up on hopes for US rate cuts, Nvidia a hurdle
SYDNEY, Aug 25 (Reuters) - Asian share markets rose on Monday as investors gave a cautious welcome to the likely resumption of U.S. interest rate cuts, while hoping AI-superstar Nvidia's results this week will help justify the sector's stratospheric valuations.
Mon, Aug 25
Japanese government bonds hold steady after tumultuous week
TOKYO, Aug 25 (Reuters) - Japanese government bonds steadied on Monday after a tumultuous week that saw fiscal concerns drive super long-term yields to record highs.
Mon, Aug 25
Australia, NZ dollars cling to gains as investors bet on US rate cuts
SYDNEY, Aug 25 (Reuters) - The Australian and New Zealand dollars largely held their gains on Monday, after a dovish turn from the world's most powerful central banker hurt the greenback and helped the pair recover in the previous session, although they are still grappling with rate-cut burdens.
Mon, Aug 25
Japan's Nikkei climbs a 2nd day, led by tech on Fed rate cut bets
By Rocky Swift TOKYO, Aug 25 (Reuters) - Japan's Nikkei share average rose for a second straight session on Monday, led by tech shares as the domestic market reacted to optimism for looser monetary policy in the United States. The Nikkei 225 Index .N225 rose 0.7% to 42,922.33 at the midday br...
Mon, Aug 25
Oil prices rise, make weekly gains as Ukraine peace process stalls
Potential stronger sanctions against Russia back in focusPrices also supported by US crude stocks drawdownGerman economic data raises concerns over demandBy Georgina McCartney HOUSTON - Aug 22 (Reuters) - Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Ru...
Fri, Aug 22
Ross Stores climbs after beating profit forecasts
** Shares of discount store operator Ross Stores ROST.O rise nearly 2.4% to $149.10 premarket** Co on Thursday topped quarterly profit estimates and reinstated its annual earnings forecast, betting on demand for discounted apparel and accessories as tariffs raise retail prices during the holiday sea
Fri, Aug 22
Zoom gains after raising outlook on enterprise demand
Zoom Communications ZM.O gains 5.6% to $77.29 premarket
Fri, Aug 22
Japanese shares rise as higher yields buoy banks, weak yen lifts autos
By Kevin Buckland TOKYO, Aug 22 (Reuters) - Japanese shares rose on Friday, with higher bond yields buoying banks and insurers and a weaker yen lifting automakers, while investors globally awaited Federal Reserve Chair Jerome Powell's speech later in the day for hints on the path for U.S. pol...
Fri, Aug 22
Nvidia CEO in Taipei to visit TSMC, says in talks with US over new China chip
Jensen Huang's trip comes amid escalating US-China tech tensionsHuang says decision on H20 successor is up to the U.S. Nvidia asks Foxconn to stop work related to H20 chip, sources sayBy Ben Blanchard and Wen-Yee Lee TAIPEI, Aug 22 (Reuters) - Nvidia NVDA.O CEO Jensen Huang arrived in Taipei ...
Fri, Aug 22
Japanese shares rise as higher yields buoy banks, weak yen lifts autos
TOKYO, Aug 22 (Reuters) - Japanese shares rose on Friday, with higher bond yields buoying banks and insurers and a weaker yen lifting automakers, while investors globally awaited Federal Reserve Chair Jerome Powell's speech later in the day for hints on the path for U.S. policy.
Fri, Aug 22
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Trump administration is not eyeing equity in TSMC, Micron, official says
WASHINGTON, Aug 21 (Reuters) - The Trump administration is considering taking equity stakes in companies getting funds from the 2022 CHIPS Act but has no similar plans for bigger firms boosting U.S. investments, such as TSMC and Micron, a White House official told Reuters.
Fri, Aug 22
