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Copper prices in London, China hover near 3-week lows on looming 50% US tariff
By Hongmei Li SINGAPORE, July 10 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were under pressure on Thursday, hovering near a three-week low, amid U.S. President Donald Trump's plans to start imposing a 50% copper import tariff on August 1.Trump announ...
Thu, Jul 10
Trump imposes 50% tariffs on Brazil after spat with Lula
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."
Thu, Jul 10
Bitcoin soars to all-time peak just shy of $112,000
NEW YORK, July 9 (Reuters) - Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.
Thu, Jul 10
Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone
July 9 (Reuters) - Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this
Thu, Jul 10
US copper widens premium against global benchmark after Trump's 50% tariff plan
LONDON, July 9 (Reuters) - U.S. copper futures widened their premium to the London benchmark on Wednesday, reflecting U.S. President Donald Trump's plan to impose a 50% import tariff on the metal.
Thu, Jul 10
Fed minutes show little support for interest rate cut later this month
WASHINGTON, July 9 (Reuters) - Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use
Thu, Jul 10
OpenAI to release web browser in challenge to Google Chrome
SAN FRANCISCO, July 9 (Reuters) - OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet's GOOGL.O market-dominating Google Chrome, three people familiar with the matter told Reuters.
Thu, Jul 10
Samsung's bet on foldable phones faces major test with slimmer new model
SEOUL, July 9 (Reuters) - Samsung Electronics 005930.KS on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple AAPL.O.
Thu, Jul 10
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US Treasury's Bessent to skip South Africa G20 meeting, heading to Japan
Bessent to represent US at 2025 World Expo in OsakaTreasury chief also missed G20 meeting in February Trump announced 30% tariff on South Africa, 25% on Japan By Andrea Shalal WASHINGTON, July 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in...
Wed, Jul 9
Vertical Aerospace tumbles on $60 mln stock sale
US-listed shares of air-taxi maker Vertical Aerospace EVTL.N tumble 31.8% premarket to $4.74 after follow-on priced. UK-based firm early Weds offers 12 mln shares at $5 for $60 mln gross proceeds
Wed, Jul 9
US STOCKS-Wall Street futures edge up amid tariff talks, trade turbulence
July 9 (Reuters) - U.S. stock index futures edged up on Wednesday as investors assessed President Donald Trump's aggressive tariff moves and kept a close watch on negotiations with global trade partners.
Wed, Jul 9
Stocks and oil gain as traders shrug off Trump's tariff news
PARIS, July 9 (Reuters) - European stocks rose on Wednesday as traders seemed untroubled by U.S. President Donald Trump's announcement that he would impose a 50% tariff on imported copper and soon introduce levies of up to 200% for pharmaceuticals.
Wed, Jul 9
Apple eyes US Formula 1 broadcast rights after 'F1: The Movie' success, FT reports
July 9 (Reuters) - Apple AAPL.O is in talks to acquire U.S. broadcast rights to screen Formula 1 racing when the contract becomes available next year, the Financial Times reported on Wednesday, citing people familiar with the matter. The report follows the strong performance of Apple's high-o...
Wed, Jul 9
Volkswagen Q2 deliveries rise slightly despite drop in US demand
July 9 (Reuters) - Volkswagen VOWG.DE saw a 1.2% gain in global sales volumes in the second quarter despite a drop in U.S. demand and ongoing tariff uncertainty, thanks to strong uptake in its all-electric offering in Europe, the carmaker said on Wednesday.
Wed, Jul 9
Malaysia calls for stronger inter-ASEAN trade amid tariffs uncertainty
KUALA LUMPUR, July 9 (Reuters) - Malaysia's Prime Minister Anwar Ibrahim on Wednesday urged Southeast Asian countries to "act with purpose" and enhance trade among each other in the face of global uncertainty, as regional foreign ministers met amid renewed jitters over U.S. trade tariffs.
Wed, Jul 9
INDIA STOCKS-Indian equity benchmarks muted as FMCG gains offset losses in IT stocks
July 9 (Reuters) - India's equity benchmarks were little changed on Wednesday as gains in fast-moving consumer goods stocks were offset by losses in IT stocks, while investors continued to remain on the sidelines amid uncertainty over U.S. tariffs.
Wed, Jul 9
China's factory-gate deflation worst in 2 years as trade war bites
China's June PPI shrinks 3.6%, lowest since July 2023June CPI +0.1% y/y vs -0.1% y/y in MayExports-oriented industries under price pressure, statistician saysOverall demand impulse remains weak, reinforces need for more stimulusTrump's trade war, China's prolonged property crisis undermi...
Wed, Jul 9
Japan's Nikkei gives up early gains as chip-related heavyweights fall
By Junko Fujita TOKYO, July 9 (Reuters) - Japan's Nikkei share average surrendered early gains to trade flat on Wednesday, as investors sold chip-related heavyweights to book profits from a recent rally.The Nikkei .N225 was down 0.03% at 39,677.42 by the midday break, after rising 0.7% earlie...
Wed, Jul 9
WRAPUP 9-Trump says steep copper tariffs in store as he broadens his trade war
Trump announces 50% tariff on copper importsSays new tariffs coming for semiconductors, pharmaceuticalsPresident says talks with EU and China are going wellJapan, South Korea scramble to minimize tariff damageBy Andrea Shalal and Trevor Hunnicutt WASHINGTON/TOKYO, July 8 (Reuters) - U.S. Presiden...
Wed, Jul 9
[Reuters Analysis] Musk faces a daunting path in challenging US two-party system
Musk's America Party aims to attract disaffected Democrats and RepublicansExperts say creating a viable third party requires long-term commitmentIndependent candidates historically struggle against major-party advantagesMusk's appeal overlaps with existing Republican base, limiting new-party...
Wed, Jul 9
