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Trump eyes 'world tariff' of 15-20% for most countries
TURNBERRY, Scotland, July 28 (Reuters) - President Donald Trump said on Monday most trading partners that do not negotiate separate trade deals would soon face tariffs of 15% to 20% on their exports to the United States, well above the broad 10% tariff he imposed in April.
Mon, Jul 28
Europe Inc's trade deal relief tempered by tariff reality
LONDON, July 28 (Reuters) - European companies were on edge on Monday as corporate leaders tried to unpick the real impact of a hard-won U.S. trade deal and lamented a sharp jump in tariffs versus those in place before President Donald Trump's second term.
Mon, Jul 28
TSMC, Samsung stand to gain if Intel exits foundry business, Bernstein says
Bernstein says TSMC 2330.TW and Samsung's 005930.KS foundry will benefit the most if Intel INTC.O exits chip manufacturing business** Last week, Intel warned investors it may have to get out of the chip manufacturing business if it does not land external customers to make chips in its factori...
Mon, Jul 28
S&P, Nasdaq open at record highs on US–EU deal optimism
July 28 (Reuters) - The S&P 500 and the Nasdaq opened at record highs on Monday as a U.S.-EU trade agreement boosted investor sentiment, kick-starting a pivotal week featuring megacap earnings, a Federal Reserve meeting, and a looming U.S. tariff deadline.
Mon, Jul 28
Nike rises after JP Morgan says 'just buy it' and upgrades rating
Shares of sportswear giant Nike NKE.N rise as much as 4.9% to more than a four-month high of $79.99 in early trade. J.P.Morgan upgrades stock to "overweight" from "neutral"; hikes PT to $93 from $64 previously. Brokerage in its note, headlined "Just Buy It", says the sca...
Mon, Jul 28
Femsa shares plummet after net profit falls by over 60%
MEXICO CITY, July 28 (Reuters) - Shares in Mexico's Femsa fell 5% in early trading on Monday, after the company reported a net profit slump in the second quarter. The firm, which controls one of the largest Coca-Cola bottlers and an expansive network of convenience store, announced that its ...
Mon, Jul 28
US trade deals with EU, Japan reduce uncertainties, Japan government says
TOKYO, July 28 (Reuters) - Japan's Chief Cabinet Secretary Yoshimasa Hayashi said on Monday that recent trade agreements between the United States and the European Union, as well as between the U.S. and Japan, have lowered the uncertainty surrounding U.S. trade policy.Hayashi, the top government...
Mon, Jul 28
CK Hutchison jumps after firm says it wants Chinese co to join bidding for its ports business
** Shares of conglomerate CK Hutchison 0001.HK climb as much as 2.2% to HK$54.60, their highest since June 2022, and on course for a 13th consecutive session of gain** Co says it wants a major Chinese strategic investor to join the BlackRock-led consortium bidding for its $22.8 billion ports busines
Mon, Jul 28
Japan's Nikkei falls as investors take profits ahead of corporate earnings
By Junko Fujita TOKYO, July 28 (Reuters) - Japan's Nikkei share average erased early gains to trade lower on Monday, as investors locked in profits following a recent rally and shifted their focus to upcoming corporate earnings. As of 0217 GMT, the Nikkei was down 0.8% at 41,115.60, after ris...
Mon, Jul 28
South Korea proposes shipbuilding project to US in trade talks, Yonhap says
SEOUL, July 28 (Reuters) - South Korea has proposed a multi-billion dollar shipbuilding project to the U.S. during trade talks, the Yonhap News Agency reported on Monday, citing unnamed sources. The suggested project consists of a package that encompasses large-scale investments in the U.S. by priva
Mon, Jul 28
Euro, US stock index futures climb after US-EU trade deal
NEW YORK, July 27 (Reuters) - Investors appeared to embrace news of a trade deal between the U.S. and European Union on Sunday that is expected to bring clarity for companies and some certainty to markets ahead of U.S. President Donald Trump's Friday tariffs deadline.
Mon, Jul 28
Germany's Merz says EU-US tariff deal averts trade war, helps autos sector
VIENNA, July 27 (Reuters) - An outline trade deal struck between U.S. President Donald Trump and European Commission President Ursula von der Leyen on Sunday is good, avoiding a trade war and preventing a serious blow to the autos sector, German Chancellor Friedrich Merz said."This agreement has...
Mon, Jul 28
US to release result of probe into chip imports in two weeks
By Andrew Gray and Andrea ShalalTURNBERRY, Scotland/EDINBURGH, July 27 (Reuters) - The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher
Mon, Jul 28
US, China to resume tariff talks in effort to extend truce
Third round of US-China talks to be held in Stockholm on MondayAim is to extend August 12 deadline, avoiding sky-high tariffs Latest talks to focus on longstanding economic disputesBy David Lawder STOCKHOLM, July 27 (Reuters) - Senior U.S. and Chinese negotiators meet in Stockholm on Monday to ta
Mon, Jul 28
[Reuters Analysis] Out-gunned Europe accepts least-worst US trade deal
Deal falls far short of EU ambitionsPressure grew from business to clinch dealCalls emerge for EU to diversify trade quicklyBy Mark John LONDON, July 27 (Reuters) - In the end, Europe found it lacked the leverage to pull Donald Trump's America into a trade pact on its terms and so has signed ...
Mon, Jul 28
[Reuters Analysis] Trade deal clears way for BOJ to tiptoe back to rate hikes
Japan-US trade deal removes hurdle for rate hike by year-endBOJ seen offering less gloomy view on outlook next weekBoard may tweak risk-balance view on inflation, sources sayProspects of weak data to keep rate-hike timing uncertainOctober tankan, regional meeting key to BOJ's rate-hike timingBy ...
Mon, Jul 28
US and EU avert trade war with 15% tariff deal
Deal includes $600 bln EU investments in US, more EU energy, defence purchases15% tariff better than threatened 30%, in deal mirroring Japan'sEU says rate extends to cars, pharmaceuticals, semiconductorsUS steel and aluminium tariffs stay at 50%, but could fall laterBy Andrew Gray and Andrea Sha...
Mon, Jul 28
CORRECTED-US startup xLight raises $40 million in race against China for key chip-making laser
XLight raises $40 million to pursue new EUV light source for lithography machinesChina investing heavily in EUV technology developmentXLight's funding led by Playground Global, joined by several investorsBy Stephen Nellis PALO ALTO, California, July 22 (Reuters) - Silicon Valley startup xLigh...
Fri, Jul 25
S&P 500, Nasdaq close at records; Deckers soars on UGG demand
July 25 (Reuters) - The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers.
Fri, Jul 25
Wall Street ends higher, dollar firms ahead of a big week for market risk
NEW YORK, July 25 (Reuters) - U.S. stocks advanced and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and U.S. President Donald Trump's August 1 deadline for negotiating trade deals.
Fri, Jul 25
