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South Korea trade minister seeks reduction in auto, steel tariffs
SEOUL, July 8 (Reuters) - South Korea's Trade Minister Yeo Han-koo said exemptions or reductions in auto and steel tariffs must be included in a trade deal with the U.S. in a meeting with U.S. Commerce Secretary Howard Lutnick, Seoul's trade ministry said on Tuesday.
Tue, Jul 8
BREAKINGVIEWS-CoreWeave’s $9 bln deal has a lot to live up to
By Robert Cyran NEW YORK, July 7 (Reuters Breakingviews) - When it comes to benefitting from the artificial intelligence boom, CoreWeave CRWV.O and Core Scientific CORZ.O are joined at the hip. Combining the two, which together provide data center infrastructure and sell computing power to AI dev...
Tue, Jul 8
Samsung to buy US healthcare services company Xealth
SEOUL, July 8 (Reuters) - Samsung Electronics 005930.KS said on Tuesday it had signed an agreement to acquire Xealth, a U.S.-based healthcare platform, as part of its efforts to expand its mobile healthcare services business.
Tue, Jul 8
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Thailand will not back down on U.S trade talks, says finance minister
BANGKOK, July 8 (Reuters) - Thailand will not back down in trade negotiations with the United States, Finance Minister Pichai Chunhavajira said on Tuesday.
Tue, Jul 8
[Reuters Analysis]Saudi plays short and long game with OPEC+ production gamble: Bousso
LONDON, July 8 - Saudi Arabia's drive to rapidly increase OPEC+ oil output may put Riyadh in the pole position to regain market share today while also solidifying its dominance over the long term.
Tue, Jul 8
GLOBAL MARKETS-Shares steady, dollar firms on US tariff letters; oil dips
TOKYO, July 8 (Reuters) - Stock markets in Asia took in stride the latest twist in U.S. President Donald Trump's tariff roll-out on Tuesday, as the dollar held onto gains and oil retreated.
Tue, Jul 8
Samsung flags big miss in Q2 profit, blames US AI chip curbs to China
Samsung sees Q2 profit at 4.6 trln won v 6.2 trln won analysts' estimateCompany blames miss on US curbs on AI chip sales to ChinaAnalysts cite delays in Samsung AI chip supply to NvidiaSamsung shares fall 0.2%By Heekyong Yang and Joyce Lee SEOUL, July 8 (Reuters) - Samsung Electronics 005930....
Tue, Jul 8
Thai finance minister 'a little surprised' by 36% US tariff rate
BANGKOK, July 8 (Reuters) - Thailand's Finance Minister expressed surprise on Tuesday at a U.S. decision to place a 36% tariff on Thai goods, despite last-ditch negotiation efforts.Finance Minister Pichai Chunhavajira told Channel 3 television a revised trade proposal from Thailand had not yet b...
Tue, Jul 8
Yen stumbles as Trump imposes 25% tariffs on Japan
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen, South Korean won struggle to recover from lossesConcerns over global economic outlook persistRBA expected to cut rates on July 8By Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday while the dollar held steady as ...
Tue, Jul 8
Tesla slides as Musk's 'America Party' heightens investor worries
July 7 (Reuters) - Tesla TSLA.O shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.
Tue, Jul 8
Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla
July 7 (Reuters) - Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners while Tesla shares sank after CEO Elon Musk said he was forming a new U.S. political party.
Tue, Jul 8
EU avoids US tariff letter, eyes concessions, EU sources say
BRUSSELS, July 7 (Reuters) - The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions from the U.S. baseline levy of 10%.U.S. President Donald Trump began informing, i
Tue, Jul 8
Apple's top AI executive Ruoming Pang leaves for Meta, Bloomberg News reports
July 7 (Reuters) - Apple's AAPL.O top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms META.O, Bloomberg News reported on Monday, citing people with knowledge of the matter.Pang, manager in charge of the company's Apple foundation...
Tue, Jul 8
Oil rises as strong demand offsets big OPEC+ output hike
OPEC+ to raise output by 548,000 bpd in AugustGoldman expects a final 550,000 bpd OPEC+ hike for SeptemberUS higher tariffs to take effect on August 1By Arathy Somasekhar HOUSTON, July 7 (Reuters) - Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more ...
Mon, Jul 7
US STOCKS SNAPSHOT-Wall St opens lower on tariff jitters; Tesla down on Musk's political plans
July 7 (Reuters) - Wall Street's main indexes opened lower on Monday as tariff tensions kept investors on edge, while Tesla shares slid after CEO Elon Musk announced his plans to launch a political party.The Dow Jones Industrial Average .DJI fell 25.2 points, or 0.06%, at the open to 44,803.36. ...
Mon, Jul 7
Stocks and dollar subdued as US shifts tariff goalposts
LONDON, July 7 (Reuters) - Stocks drifted and the U.S. dollar held near multi-year lows on Monday, in market uncertainty after U.S. officials flagged a delay on tariffs but failed to provide specifics on the changes.
Mon, Jul 7
US to make several trade announcements in next 48 hours, Treasury secretary says
WASHINGTON, July 7 (Reuters) - The United States will make several trade announcements in the next 48 hours, Treasury Secretary Scott Bessent said on Monday."We've had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lo...
Mon, Jul 7
China says it opposes tariffs being used as a tool of coercion
BEIJING, July 7 (Reuters) - China opposes tariffs being used as a tool to coerce others, the Chinese foreign ministry said on Monday, after U.S. President Donald Trump threatened an extra 10% tariffs on countries aligning themselves with the BRICS group of developing nations.
Mon, Jul 7
Thailand submits new trade proposal offering zero tariffs on many US goods
BANGKOK, July 7 (Reuters) - Thailand has submitted a new trade proposal to the United States, offering to cut levies to zero on many U.S. imports in a bid to avoid steep tariff hikes on its own products, the finance minister said on Monday.
Mon, Jul 7
China retaliates against EU ban with import restrictions on medical devices
HONG KONG, July 6 (Reuters) - China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed 45 million yuan ($6.3 million) in value, in retaliation to Brussels' own curbs last month.Tensions between Beijing and Brussels...
Mon, Jul 7
