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Ericsson Q2 profit beats expectations, but US tariffs crimped margin growth
Operating profit 7 bln crowns vs 6.1 bln LSEG estimateNet sales 56.1 bln crowns vs 59.3 bln estimateIndia growth slowdown temporary, will bounce back, CFO saysSays tariffs dampened profit margin growthBy Anna Ringstrom and Supantha Mukherjee STOCKHOLM, July 15 (Reuters) - Swedish telecom equipmen...
Tue, Jul 15
WRAPUP 5-China's economy slows as consumers tighten belts, US tariff risks mount
China's Q2 GDP grows 5.2% vs Q1's 5.4%, above the 5.1% forecastJune data show weaker retail sales, stronger factory outputConsumers, businesses face uncertainty amid US tariff risks Property downturn persists despite government supportMore stimulus expected in H2 to underpin growthBy Joe Cas...
Tue, Jul 15
PRECIOUS-Gold supported by trade tensions ahead of US inflation data
US CPI data due at 1230 GMTSilver hovers near 14-year peakBy Brijesh Patel July 15 (Reuters) - Gold prices rose on Tuesday with global trade tensions supporting demand for safe-haven assets, and investors awaiting U.S. inflation data due later in the day that could give clues on the Federal Reser...
Tue, Jul 15
Dollar holds near 3-week high before CPI; bitcoin eases from record peak
TOKYO, July 15 (Reuters) - The dollar hovered near a three-week high versus major peers on Tuesday as traders awaited the release of U.S. inflation data later in the day that could provide clues on the path for monetary policy.
Tue, Jul 15
Tesla inches its India strategy out of the garage
BENGALURU, July 15 (Reuters Breakingviews) - Tesla TSLA.O, meet India. After years of eyeing the country, CEO Elon Musk’s $1 trillion electric-vehicle giant is opening its first showroom in the world’s third-largest car market, in Mumbai, on Tuesday.
Tue, Jul 15
Japan's 30-year bond yield hits record high ahead of key election
TOKYO, July 15 (Reuters) - Japan's 30-year government bond fell on Tuesday, with the yield hitting a record high, on concerns about the nation's fiscal health ahead of a closely monitored national election at the end of this week. The 30-year JGB yield JP30YTN=JBTC touched...
Tue, Jul 15
Asian shares rise, dollar holds gains ahead of US earnings; Nasdaq futures up
TOKYO, July 15 (Reuters) - Asian shares climbed and the dollar held gains on Tuesday as trade talks remained in the spotlight in a week that will see key readings on U.S. inflation and bank earnings.
Tue, Jul 15
Japan's 10-year bond yield hits near 17-year high ahead of key election
By Junko Fujita TOKYO, July 15 (Reuters) - Japan's 10-year government bond yield rose to a near 17-year high in early trade on Tuesday amid worries about the nation's fiscal health ahead of a closely monitored national election at the end of this week. The 10-year JGB yield JP10YTN=JBTC r...
Tue, Jul 15
China's June factory output beat f'cast, retail sales slow
BEIJING, July 15 (Reuters) - China's industrial output grew 6.8% year-on-year in June, quickening from the 5.8% pace in May and beating forecasts, but retail sales growth slowed down, official data showed on Tuesday.The industrial output data, released by the National Bureau of Statistics (NBS),...
Tue, Jul 15
Japan PM to meet Bessent on Friday, Yomiuri says
July 15 (Reuters) - Japanese Prime Minister Shigeru Ishiba is arranging to meet U.S. Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported on Tuesday, ahead of an August 1 deadline to strike a trade deal with the United States.A separate Yomiuri report said European Uni
Tue, Jul 15
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US imposes 17% tariff on Mexican tomatoes after withdrawing from agreement
Salsa will become more expensive, Democrat saysMexican producers say their produce cannot be replaced Mexican growers still hope to negotiate dealBy Kanishka Singh WASHINGTON, July 14 (Reuters) - The Trump administration announced on Monday a duty of about 17% on fresh tomatoes from Mexico, which...
Tue, Jul 15
US defense department awards contracts to Google, Musk's xAI
July 14 (Reuters) - OpenAI, Alphabet's Google GOOGL.O, Anthropic and Elon Musk's AI firm xAI have won contracts of up to $200 million each, aimed at scaling up adoption of advanced AI capabilities in the U.S. Department of Defense, the government agency said on Monday.The contracts will enab...
Tue, Jul 15
Oil falls as Trump gives Russia 50 days to avoid new sanctions
US threatens to hit buyers of Russian exports with sanctionsChina's crude imports at highest level since August 2023EU set to lower Russian oil price cap, sources sayBy Nicole Jao NEW YORK, July 14 (Reuters) - Oil prices settled down on Monday by more than $1, as investors weighed new threats...
Tue, Jul 15
In reversal, Trump arms Ukraine and threatens sanctions on countries that buy Russian oil
KYIV/WASHINGTON, July 14 (Reuters) - U.S. President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal, a major policy shift brought on by frustration with Moscow's ongoing attacks on its neighbour.
Tue, Jul 15
China's economy set to slow in Q2 as pressure from US tariffs mounts
BEIJING, July 15 (Reuters) - China's economy is likely to have cooled in the second quarter after a solid start to the year, as trade tensions and a prolonged property downturn drag on demand, raising pressure on policymakers to roll out additional stimulus to underpin growth.
Tue, Jul 15
Fed's Powell asks for watchdog review of project criticized by Trump officials
WASHINGTON, July 14 (Reuters) - Federal Reserve Chair Jerome Powell has asked the U.S. central bank's inspector general to review the costs involved in the renovation of its historic headquarters in Washington, as Trump administration officials intensify their criticism of how the Fed is being run.
Tue, Jul 15
The Trade Desk to join S&P 500, shares surge 15%
** Shares of The Trade Desk TTD.O surge 15% in extended trade, after the announcement that the software company will join the S&P 500 .SPX** TTD will join the S&P 500, effective prior to the start of trading on Friday - S&P Dow Jones Indices** TTD replaces Ansys ANSS.O, which is set to b...
Tue, Jul 15
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[Reuters Analysis] Despite tariffs, it's still America first for Asia's legacy automakers
SEOUL/TOKYO, July 15 (Reuters) - Toyota 7203.T and Hyundai Motor 005380.KS may have a beef with U.S. protectionism, but they have one thing in common with President Donald Trump: when it comes to global car markets, it's America first for Asia's legacy automakers.
Tue, Jul 15
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Bitcoin climbs to record $123,000 as investors eye U.S. policy boost
Bitcoin hits record, buoyed by potential US regulatory frameworkUS to debate bills, Trump supports industry-friendly policiesCrypto market value hits $3.8 trillion; digital assets rallyBy Chuck Mikolajczak, Rae Wee, Tommy Reggiori Wilkes NEW YORK, July 14 (Reuters) - Bitcoin vaulted past $120,000...
Mon, Jul 14
[Reuters Breakingviews] Fighting the Fed means more than switching chairs
WASHINGTON, July 14 (Reuters Breakingviews) - Gold-fringed real estate magnate Donald Trump is attacking someone else over a costly renovation. Improbably, it might be the most immediate threat to the Federal Reserve’s independence.
Mon, Jul 14
