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WRAPUP 6-Netanyahu, Trump appear to abandon Gaza ceasefire negotiations with Hamas
Trump on Hamas leaders: 'I think they will be hunted down ... I think they want to die ... It's got the point where you have to finish the job'Netanyahu says Israel will seek alternative means to achieve goals in Gaza warSenior Hamas official says talks had been constructive and could le...
Fri, Jul 25
Oil prices dip to settle at 3-week low on US and China economic concerns
US and China economic concerns impact oil pricesVenezuelan oil exports may rise as US eases rulesUS oil/gas rig count falls for 12th time in 13 weeks - Baker HughesBy Scott DiSavino NEW YORK, July 25 (Reuters) - Oil prices eased on Friday and settled at a three-week low as traders worried about n...
Fri, Jul 25
Canadian dollar gives up much of its weekly gain as trade deal prospects ebb
TORONTO, July 25 (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday as optimism waned that Canada would reach a trade deal with the United States before an August 1 deadline and ahead of a Bank of Canada interest rate decision.
Fri, Jul 25
Gold drops as dollar firms, trade deal hopes sap safe-haven demand
July 25 (Reuters) - Gold prices slipped on Friday, weighed down by a stronger U.S. dollar and signs of progress in U.S.-EU trade negotiations that dented safe-haven demand.
Fri, Jul 25
Trump suggests Fed may be ready to lower interest rates
By Steve Holland and Nandita Bose WASHINGTON, July 25 (Reuters) - President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.The two men met on Thursday w...
Fri, Jul 25
Wall Street inches up as Trump's EU trade remarks and Fed hints stir caution
July 25 (Reuters) - The S&P 500 and the Dow edged up in tepid trading on Friday as investors assessed President Donald Trump's latest comments on trade discussions with the European Union and his hints that a rate cut from the U.S. Federal Reserve was imminent.
Fri, Jul 25
Meta to halt political advertising in EU from October, blames EU rules
Move echoes decision announced by Google in NovemberNew EU rules on political ads will apply from October 10Meta says new rules will affect voters' ability to be informedBy Foo Yun Chee BRUSSELS, July 25 (Reuters) - Meta Platforms META.O will end political, election and social issue advertisi...
Fri, Jul 25
Trump says there is a 50-50 chance of trade deal with EU
WASHINGTON, July 25 (Reuters) - U.S. President Donald Trump on Friday said there was a 50-50 chance that the United States would reach a trade agreement with the European Union.Trump spoke to reporters as he left the White House to head to Scotland for several days of golfing and bilateral meetings.
Fri, Jul 25
South Korea officials to meet US commerce secretary again for tariff talks
South Korea in race to clinch trade deal by August 1 Industry minister latest in flurry of Washington meetingsSeoul 'very, very' much wants deal after US-Japan one -LutnickBy Jack Kim and Ju-min Park SEOUL, July 25 (Reuters) - South Korea's Industry Minister Kim Jung-kwan and top trad...
Fri, Jul 25
Volkswagen lowers guidance as tariffs hit profit in second quarter
BERLIN, July 25 (Reuters) - Volkswagen VOWG.DE on Friday gave its first assessment of how U.S. President Donald Trump's trade war with Europe is expected to impact its 2025 earnings after tariffs dealt a blow to the German auto giant's operating profit in the second quarter.
Fri, Jul 25
Benchmark JGBs muted, set for 5th weekly fall on political, fiscal woes
TOKYO, July 25 (Reuters) - Benchmark Japanese government bonds (JGBs) were muted on Friday, but remained on course for a fifth straight week of declines as concerns deepened over political instability and the country's finances.
Fri, Jul 25
Nikkei falls as traders lock in gains after US trade deal rally
TOKYO, July 25 (Reuters) - Japan's Nikkei share average dropped on Friday, halting a two-day advance that brought the index to the brink of a record, as traders locked in gains spurred by a newly inked trade deal with the United States.
Fri, Jul 25
Core inflation in Japan's capital stays above BOJ target in July
Tokyo July core CPI rises 2.9% yr/yr vs f'cast +3.0%Index excluding fresh food, fuel rises 3.1% yr/yr in JulyBOJ to revise up this year's price forecast at quarterly reviewBOJ to hold policy meeting July 30-31, rates seen on holdBy Leika Kihara TOKYO, July 25 (Reuters) - Core consumer inf...
Fri, Jul 25
Weyerhaeuser reports 50% drop in second-quarter profit on weak lumber demand
July 24 (Reuters) - U.S. timber company Weyerhaeuser WY.N reported a 50% drop in second-quarter profit on Thursday, hurt by continued weakness in commodity wood product pricing and softer demand across key end markets.
Fri, Jul 25
Puma expects a loss this year due to falling sales, US tariffs
July 24 (Reuters) - German sportswear brand Puma PUMG.DE expects to make a loss this year, it said on Thursday, slashing its financial outlook due to weaker sales and an expected hit to gross profit from the impact of U.S. tariffs.
Fri, Jul 25
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Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps
Intel's workforce to shrink by 22% by year endCEO Tan focuses on disciplined investments, factory construction slowdownIntel forecasts steeper Q3 losses despite higher sales expectations Intel's strategic missteps led to lag in AI chip industryBy Arsheeya Bajwa, Stephen Nellis and Max A. C...
Fri, Jul 25
Intel Corp reports results for the quarter ended June 30 - Earnings Summary
Intel Corp INTC.OQ reported a quarterly adjusted loss of 10 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of thirty five analysts for the quarter was for earnings of one cent per share. Wall Str
Thu, Jul 24
GRAINS-CBOT corn, soybean futures climb on technical trading, trade deal hopes
Corn futures rise on short-covering, consolidationWheat exports high, but global supply limit gainsSoybean futures rise despite sluggish US export salesBy P.J. Huffstutter CHICAGO, July 24 (Reuters) - Chicago Board of Trade corn futures ticked up on Thursday on signs of short-covering and consoli...
Thu, Jul 24
Crude finishes with 1% gain on supply concerns and US crude draws
HOUSTON, July 24 (Reuters) - Oil prices rose 1% on Thursday as U.S. crude draws and expected cuts to Russian gasoline exports overwhelmed news that oil major Chevron CVX.N will gain U.S. approval to renew production in Venezuela.
Thu, Jul 24
Charles Schwab authorizes $20 billion stock buyback, declares dividends
July 24 (Reuters) - Charles Schwab SCHW.N said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization. The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.
Thu, Jul 24
