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REFILE-US consumer prices rise moderately in April
WASHINGTON, May 13 (Reuters) - U.S. consumer prices rebounded moderately in April, but inflation is likely to pick up in the coming months as tariffs boost the cost of imported goods. The consumer price index CPI increased 0.2% last month after dipping 0.1% in March, which was the first decline...
Tue, May 13
China's JD.com beats quarterly revenue estimates
May 13 (Reuters) - Chinese e-commerce retailer JD.com 9618.HK topped market estimates for quarterly revenue on Tuesday, in a sign of steady demand even as U.S. tariffs and prolonged economic weakness weighed on consumer sentiment. Consumer demand in China has faced a series of hurdles in recent year...
Tue, May 13
GLOBAL MARKETS-Stocks edge up, dollar eases as trade-deal sugar rush fades
LONDON, May 13 (Reuters) - A rally in global stocks and the dollar lost some momentum on Tuesday, as initial euphoria over a trade truce between the United States and China gave way to investors' persistent concerns about the standoff's impact on the global economy.
Tue, May 13
China lifts Boeing delivery ban as tariff war cools, Bloomberg News reports
Boeing returned three new jets to the U.S. last month from ChinaBoeing deliveries to China can re-start, Bloomberg reports Boeing has said Chinese customers were refusing jet deliveries due to tariffs May 13 (Reuters) - China has removed a ban on airlines taking delivery of Boeing BA.N planes a...
Tue, May 13
[Reuters Analysis] US tariff pause on Beijing puts pressure on 'China-plus-one' countries
BEIJING/MEXICO CITY/HANOI, May 13 (Reuters) - A new U.S.-China agreement to pause sky-high tariffs on each other is pressuring manufacturing hubs such as Vietnam and Mexico to make their own, better deals with the U.S. to continue benefiting from a "China-plus-one" strategy by global producers.
Tue, May 13
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Shanghai copper rangebound as caution tempers US-China trade optimism
SINGAPORE, May 13 (Reuters) - Copper prices were rangebound on Tuesday, with the most-traded contract on the Shanghai Futures Exchange (SHFE) edging higher, as lingering caution tempered relief from a U.S.-China tariff truce aimed at easing trade tensions. The SHFE contract was up 0.1% at 78,090 yua
Tue, May 13
Honda sees full-year profit down 59% as US tariffs bite, postpones Canada EV plans
TOKYO, May 13 (Reuters) - Japan's Honda Motor 7267.T forecast a 59% profit decrease in the current financial year and said it would put on hold a plan to build an EV supply chain in Canada, amid the uncertainty stemming from U.S. President Donald Trump's tariffs.
Tue, May 13
Samsung launches slimmest smartphone as races against rival Apple
SEOUL, May 13 (Reuters) - Samsung Electronics 005930.KS made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple AAPL.O in the premium market.
Tue, May 13
Japan's Nikkei jumps to 3-month peak on Sino-US tariff truce
TOKYO, May 13 (Reuters) - Japan's Nikkei share average jumped to the highest in almost three months on Tuesday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs, easing concerns that their trade war could trigger a global recession.
Tue, May 13
[Reuters Breakingviews] US-China truce cools down trade war, for now
HONG KONG, May 12 (Reuters Breakingviews) - Doomsday has been undone, for now. Forty days after President Donald Trump announced his reckless reciprocal tariffs in the White House Rose Garden, leading to a full-blown U.S.-China trade war with triple-digit levies...
Tue, May 13
Trump executive order demands pharma industry price cuts
WASHINGTON, May 12 (Reuters) - U.S. President Donald Trump signed a wide-reaching executive order on Monday directing drugmakers to lower the prices of their medicines to align with what other countries pay that analysts and legal experts said would be difficult to implement.
Tue, May 13
Apple considers raising iPhone prices, WSJ reports
May 12 (Reuters) - Apple AAPL.O is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to U.S. tariffs on imports from China, where most of its devices are assembled, the Wall Street Journal reported on Monday.The technology giant's shares were up ...
Tue, May 13
Fed officials say China-US tariff reprieve lowers risks
DUBLIN, May 12 (Reuters) - The U.S.-China deal to lower the most aggressive import tariffs between the world's two largest economies could lessen the impact of their trade war, though the levies left in place are still steep and will leave a mark on the economy, Federal Reserve officials said on Mon
Tue, May 13
Yields rise as US/China trade deal punishes safe-havens
NEW YORK, May 12 (Reuters) - U.S. Treasury yields rose on Monday to the highest levels in a month after the United States and China agreed to lower trade tariffs on one another during a 90-day pause, triggering a rush of investor cash into risk assets and hitting safe havens like bonds.
Tue, May 13
Wall Street equity indexes close higher after US-China tariff truce
May 12 (Reuters) - Wall Street's three major indexes rose sharply on Monday with the S&P 500 marking its highest level since early March as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early
Tue, May 13
Stocks, dollar surge as US and China agree 90-day tariff relief
NEW YORK/LONDON, May 12 (Reuters) - Global shares rallied, while gold and safe-haven currencies slumped against a resurgent dollar on Monday as the U.S. and China agreed to temporarily slash harsh reciprocal tariffs and cooperate to avoid rupturing the global economy.
Tue, May 13
Global stocks rally after US, China pause tariff war, but uncertainty remains
WASHINGTON, May 12 (Reuters) - Global stock markets surged on Monday after the U.S. and China agreed to slash steep tariffs for at least 90 days, tapping the brakes on a trade war between the world's two biggest economies that had fed fears of a global recession.
Tue, May 13
Oil prices settle up at 2-week high as US, China ease tariffs
U.S. and China agree to 90-day pause on tariffsSaudi Aramco expects oil demand to remain resilient this yearIraq oil exports on track to decline in May and JuneBy Scott DiSavino NEW YORK, May 12 (Reuters) - Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and Chin...
Mon, May 12
US STOCKS-Wall St set to surge at open as US, China slash tariffs
May 12 (Reuters) - Wall Street's main indexes were set to open sharply higher on Monday as the United States and China reached a deal to reduce tariffs, signaling a truce in a punishing trade war that had kept markets on edge for weeks.
Mon, May 12
US customers should get Chinese rare earth permits more easily after trade truce, say sources
BEIJING, May 12 (Reuters) - Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday's trade war truce, however a complete removal of the restrictions is unlikely, according to two sources in the industry in China.
Mon, May 12
