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Intel CEO to visit White House on Monday, source says
Aug 11 (Reuters) - Intel INTC.O CEO Lip-Bu Tan was due to visit the White House on Monday after U.S. President Donald Trump called for his removal last week, a source familiar with the matter said. Intel and the White House did not immediately respond to requests for comment.Tan is expected to have ...
Mon, Aug 11
PRECIOUS-Gold slips 1% as investors focus on US-Russia talks on Ukraine
US consumer prices index data due on TuesdaySpeculators raise net long position in COMEX gold -CFTCUS gold futures down 2%Spot gold may fall towards $3,314-$3,342 range - techBy Brijesh Patel Aug 11 (Reuters) - Gold prices slipped 1% on Monday as market participants focussed on the upcoming U.S.-...
Mon, Aug 11
Copper hits over one-week high on softer dollar, China demand hopes
BEIJING, Aug 11 (Reuters) - Copper futures climbed on Monday to hit their highest in more than a week, aided by a softer dollar and China demand hopes, even though supply concerns eased after Codelco got the nod to restart operations at the El Teniente mine in Chile.
Mon, Aug 11
Bessent says new Fed chair should be someone who can examine organization, Nikkei reports
TOKYO, Aug 11 (Reuters) - U.S. Treasury Secretary Scott Bessent said the new Federal Reserve chair should be someone "who can examine the whole organization" as the Fed's mission has included so many things outside of monetary policy and has put its independence at risk
Mon, Aug 11
[Reuters Analysis] The crude oil market bets Trump's India threats are hollow: Russell
By Clyde Russell LAUNCESTON, Australia, Aug 11 (Reuters) - The crude oil market's rather sanguine reaction to the U.S. threats to India over its continued purchases of Russian oil is effectively a bet that very little will actually happen.
Mon, Aug 11
Oil prices fall as market eyes US-Russia talks on Ukraine
BEIJING, Aug 11 (Reuters) - Oil prices fell in early Asian trading on Monday, extending declines of more than 4% last week on higher U.S. tariffs on its trading partners, an OPEC output hike, and expectations the U.S. and Russia were moving closer to a Ukraine ceasefire pact.
Mon, Aug 11
Shares edge ahead in Asia, Nikkei futures near record peak
SYDNEY, Aug 11 (Reuters) - Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds.
Mon, Aug 11
SK Hynix expects AI memory market to grow 30% a year to 2030
SEOUL/SAN FRANCISCO, Aug 11 (Reuters) - South Korea's SK Hynix 000660.KS forecasts that the market for a specialized form of memory chip designed for artificial intelligence will grow 30% a year until 2030, a senior executive said in an interview with Reuters.
Mon, Aug 11
Engine Capital builds stake in Avantor, plans to push it to sell itself, WSJ reports
Aug 10 (Reuters) - Activist investor Engine Capital has built a stake in Avantor AVTR.N and plans to push the life-sciences company to sell itself or make other changes, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Mon, Aug 11
Shares edge up in Asia, US inflation data looms large
SYDNEY, Aug 11 (Reuters) - Major share indexes crept higher in Asia on Monday as upbeat company earnings underpinned high valuations in the tech sector, while a crucial report on U.S. inflation would likely set the course of the dollar and bonds.
Mon, Aug 11
Investor Bill Ackman proposes combining Fannie Mae and Freddie Mac
Aug 10 (Reuters) - Billionaire investor Bill Ackman in an X post on Sunday suggested merging U.S. government-sponsored enterprises Fannie Mae and Freddie Mac, saying the move would help reduce mortgage rates and achieve huge synergies both in their operations and in the trading price.
Mon, Aug 11
Wall St Week Ahead-Inflation data to test stocks as some investors brace for rally to pause
NEW YORK, Aug 8 (Reuters) - A fresh look at inflation trends will test the U.S. stock market's rally in the coming week, with some investors saying equities are primed for a potential pullback after rocketing to records.
Mon, Aug 11
SoftBank selects banks for US IPO of payments app PayPay, sources say
Aug 10 (Reuters) - SoftBank 9984.T has selected investment banks to help organize a potential initial public offering in the United States for its Japanese payments app operator PayPay, according to two people familiar with the matter.
Mon, Aug 11
China's July factory-gate prices miss forecast, deflation concerns persist
BEIJING, Aug 9 (Reuters) - China's producer prices fell more than expected in July, while consumer prices were unchanged, underscoring the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment.
Mon, Aug 11
Dollar firms but on track for weekly loss after Trump's Fed governor pick
Dollar firms slightly versus peersWeighed down this week by rate cut bets, Trump's Fed pick Traders pricing in two US rate cuts this year Pound boosted by narrow BoE vote to cut ratesBy Jaspreet Kalra and Lucy Raitano SINGAPORE/LONDON, Aug 8 (Reuters) - The dollar firmed slightly on Friday bu...
Fri, Aug 8
Tesla to streamline its AI chip design work, Musk says
Bloomberg News says Dojo supercomputer team being disbandedMusk says doesn't make sense to divide resources on AI chipsFocused on Tesla AI5, AI6 and subsequent chips, Musk says Aug 8 (Reuters) - Tesla will streamline its AI chip research to focus on its development of inference chips used to...
Fri, Aug 8
China's car sales growth slows in July, with weaker hybrid demand
SHANGHAI, Aug 8 (Reuters) - China's car sales growth slowed in July partly due to weaker demand for hybrids, as regulators in the world's biggest auto market crack down on a price war that has bruised the industry.
Fri, Aug 8
[Reuters Analysis] Buffeted by Trump and vote-rigging charges, India's Modi starts to push back
NEW DELHI, Aug 8 (Reuters) - Indian Prime Minister Narendra Modi is navigating one of the most challenging stretches of his 11 years in office. A contentious ceasefire with archenemy Pakistan, renewed scrutiny over his age and a diplomatic chill with the United States despite much-publicised rapport
Fri, Aug 8
EMERGING MARKETS-Asia FX, stocks mostly subdued as markets assess Fed outlook, tariff moves
Aug 8 (Reuters) - Asian currencies were subdued on Friday, while equities were mixed, as investors weighed the Federal Reserve's expected dovish tilt and the impact of U.S. import tariffs on regional economies.
Fri, Aug 8
PRECIOUS-US gold futures hit record high after report of US tariffs on gold bars
US gold futures jump to an all-time high of $3,534.10US imposes tariffs on 1-kg gold bars, Financial Times reportsSpot gold on track for second straight weekly gain, up about 1% By Anmol Choubey Aug 8 (Reuters) - U.S. gold futures climbed to a record high on Friday after a report that the United ...
Fri, Aug 8
