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REFILE-GLOBAL MARKETS-Shares steady, yen slides after US issues tariff letters
Japan and South Korea face 25% tariffs by August 1European shares flat as investors await trade deal Goldman Sachs lifts S&P 500 return forecasts Aussie dollar rises as RBA keeps rates on holdBy Rocky Swift and Johann M Cherian TOKYO, July 8 (Reuters) - Global stocks were flat to marginally h...
Tue, Jul 8
Japan's Nikkei rises on weaker yen as Trump tariff deadline delayed
TOKYO, July 8 (Reuters) - Japan's Nikkei share average rose on Tuesday, buoyed by a weakening yen and as U.S. President Donald Trump gave an additional three-week grace period for tariff negotiations.
Tue, Jul 8
Australia's central bank stuns markets by passing up chance to cut rates
RBA holds rates at 3.85% despite market expectations for a cutAustralian dollar rises, bond futures fall after RBA decisionMarkets now favour rates bottoming at 3.10%, rather than 2.85%Treasurer Chalmers notes disappointment, cites progress on inflationBy Stella Qiu and Wayne Cole SYDNEY, July 8
Tue, Jul 8
S.Korean shares log biggest gain in two weeks as Trump extends tariff pause
South Korean shares on Tuesday recorded their strongest daily gain in two weeks, as U.S. President Donald Trump extended a pause on tariffs, boosting optimism around a potential trade deal.
Tue, Jul 8
Japan vows to seek U.S. auto tariff concessions in trade talks
Japan's top trade negotiator says held phone talk with LutnickJapan, US trying to agree on package of measures, Akazawa saysJapan won't sacrifice agriculture for early dealYen slumps on receding expectations of near-term BOJ rate hikeJuly 20 election may complicate trade negotiation outcomeB...
Tue, Jul 8
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Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to 14 nations
Trump extends negotiating deadline to August 1Stocks drop on tariff newsNew US tariffs debut, from 25% on Tunisia to 40% on Laos Treasury secretary says inbox full of trade offers Trump threatens BRICS nations with additional tariffsBy Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BR...
Tue, Jul 8
Vietnam, China agree to boost trade ties as Trump tariffs hit
HANOI, July 8 (Reuters) - Vietnamese Prime Minister Pham Minh Chinh and China's Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday.
Tue, Jul 8
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
