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Nissan to cut over 10,000 more jobs, NHK reports
TOKYO, May 12 (Reuters) - Nissan Motor 7201.T will cut more than 10,000 jobs globally, bringing the number of layoffs, including those previously announced, to about 20,000 or 15% of its workforce, Japan's public broadcaster NHK reported on Monday.Japan's third-biggest automaker is striving ...
Mon, May 12
Stocks surge, dollar rallies as US and China pledge to slash tariffs
LONDON, May 12 (Reuters) - Wall Street stock futures surged, the dollar rallied and gold prices slumped on Monday as U.S. and Chinese officials pledged to slash reciprocal tariffs in a move that swept trade war fears out of global markets, at least for now.
Mon, May 12
Eli Lilly's Zepbound outperforms Novo Nordisk's Wegovy for weight loss in trial
May 12 (Reuters) - Eli Lilly LLY.N said on Sunday its drug Zepbound was superior to Novo Nordisk's NOVOb.CO Wegovy across five weight-loss targets such as reducing waist circumference, citing data from a head-to-head trial.
Mon, May 12
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US and China reach deal to slash tariffs, officials say
GENEVA, May 12 (Reuters) - The United States and China said on Monday they have agreed a deal to slash reciprocal tariffs as Washington and Beijing seek to end a trade war that has disrupted the global economy and set financial markets on edge.
Mon, May 12
Bund yields hit fresh one-month high as trade talks ease economic concerns
May 12 (Reuters) - Euro area benchmark Bund yields hit a fresh one-month high and markets cut bets on European Central Bank interest rate cuts on Monday as less severe trade and geopolitical tensions eased concerns about economic growth.
Mon, May 12
[Reuters Breakingviews] Taiwan insurers get a stern currency warning
HONG KONG, May 12 (Reuters Breakingviews) - The Taiwanese currency’s recent stunning rally against the U.S. dollar has highlighted a big risk in an unlikely area: the island’s insurers. The large swing against the greenback, if sustained, will hit earnings at Cathay Life and its peers...
Mon, May 12
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Japan's Ishiba signals increasing corn imports as part of US trade talks
TOKYO, May 12 (Reuters) - Japanese Prime Minister Shigeru Ishiba on Monday signalled that increasing corn imports from the U.S. would be among options in trade negotiations with Washington.Speaking in parliament, Ishiba repeated that Japan won't sacrifice the domestic agriculture industry for th...
Mon, May 12
Japan's Nikkei rises on US-China trade deal hopes
TOKYO, May 12 (Reuters) - Japan's Nikkei share average rose on Monday as indications of progress in U.S.-China trade talks boosted hopes of a deal between the major economies.As of 0202 GMT, the Nikkei .N225 was up 0.2% at 37,573.27. The broader Topix .TOPX edged 0.02% higher at 2,734.09."I...
Mon, May 12
Gold falls as 'positive' US-China talks erode safe-haven appeal
May 12 (Reuters) - Gold prices slipped on Monday as U.S.-China trade talks ended on a positive note, easing investor anxiety and denting demand for the safe-haven asset.FUNDAMENTALS* Spot gold XAU= fell 1.1% to $3,286.86 an ounce as of 0014 GMT. U.S. gold futures GCcv1 lost 1.6% to $3,291.60.* The U
Mon, May 12
[Reuters Analysis] China and the US to talk trade war ceasefire, not peace
BEIJING/WASHINGTON, May 10 (Reuters) - China and the United States start their first major Trade War Two meeting on Saturday to pull back from what analysts describe as a lose-lose situation for their economies, without much clarity on what a win would look like for either side.
Mon, May 12
Fed’s Hammack wants clear data before moving on rates, not much data by June
PALO ALTO, California, May 9 (Reuters) - The Federal Reserve needs more time to see how the economy responds to U.S. President Donald Trump's tariff and other policies before figuring out the right response, Cleveland Fed President Beth Hammack said on Friday, noting that much of the administration'
Mon, May 12
Japan PM Ishiba reiterates call to eliminate all tariffs with US
TOKYO, May 11 (Reuters) - Japanese Prime Minister Shigeru Ishiba reiterated on Sunday that he will aim for the elimination of all tariffs in trade negotiations with the United States.
Mon, May 12
US, China hail 'constructive' Geneva trade talks, details due Monday
GENEVA, May 11 (Reuters) - The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue
Mon, May 12
Stocks, dollar gain on US-China trade talks, detail needed
SYDNEY, May 12 (Reuters) - Wall Street stock futures jumped and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided, though details of any deal were still to come.
Mon, May 12
Trump to sign executive order to cut prices of medicine to match other countries
WASHINGTON, May 11 (Reuters) - U.S. President Donald Trump said on Sunday he would sign an executive order to cut prescription prices to the level paid by other high-income countries, an amount he put at 30% to 80% less.
Mon, May 12
Trump says he's OK with taxing the rich but warns of political fallout
Trump suggests higher taxes on the wealthyTaxing the rich gets boost from leading hardline Republican House speaker may scale back tax cut package, aide saysBy Susan Heavey, Bo Erickson and Jeff Mason WASHINGTON, May 9 (Reuters) - U.S. President Donald Trump said on Friday he was "OK" wit...
Fri, May 9
Oil prices post weekly gains on US-China trade talk optimism
All eyes on US-China trade talks in Switzerland after US-UK dealTrump says 80% tariff on China 'seems right'Rising Middle East tensions also support oil pricesOPEC oil output edged lower in April, Reuters survey findsBy Shariq Khan NEW YORK, May 9 (Reuters) - Oil prices settled nearly 2% ...
Fri, May 9
US-UK deal 'good news' but tariffs still higher, Bank of England governor says
By David Milliken LONDON, May 9 (Reuters) - Bank of England Governor Andrew Bailey said the trade deal concluded between the United States and Britain was a good thing but still left tariffs on most British goods exports to the U.S. higher than they were before last month.Before details of the de...
Fri, May 9
US STOCKS-US stock index futures muted after Trump's remarks on China tariffs
May 9 (Reuters) - U.S. stock index futures were subdued in choppy trading on Friday, as investors parsed fresh U.S.-China tariff comments from President Donald Trump ahead of a weekend meeting between the two countries.
Fri, May 9
European stocks climb on hopes of easing US-China trade tensions
May 9 (Reuters) - European shares ticked higher on Friday, as investors bet on de-escalation in the trade war ahead of discussions between the U.S. and China over the weekend.
Fri, May 9
