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PRECIOUS-Gold rises on Trump's latest tariffs; firmer dollar caps gains
Trump announces 35% tariff on CanadaU.S. weekly jobless claims slip to 7-week lowU.S. dollar index heads for best week in nearly 5 monthsBy Anmol Choubey July 11 (Reuters) - Gold rose on Friday after U.S. President Donald Trump announced new tariffs on Canada and broader tariff threats against ot...
Fri, Jul 11
Musk's Tesla marks formal India entry with Mumbai launch event
By Dhwani Pandya and Aditi Shah July 11 (Reuters) - Tesla TSLA.O will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world's third-largest car market despite CEO Elon Musk's complaints about high impo...
Fri, Jul 11
LIVE MARKETS-New tariff drama jolts complacent markets
The markets got a jolt on Friday from what looked likely to be a dull summer day, when U.S. President Donald Trump took to the TV to inject fresh drama into his simmering trade wars and disrupted Wall Street's recent upward drift to record highs.
Fri, Jul 11
Bitcoin jumps to record on institutional investor demand
NEW YORK/SINGAPORE, July 11 (Reuters) - Bitcoin rallied to an all-time high on Friday, powered by demand from institutional investors and crypto-friendly policies from U.S. President Donald Trump's administration.
Fri, Jul 11
Google to discount cloud computing services for US government, FT reports
July 11 (Reuters) - Google will heavily discount cloud computing services for the United States government, in a deal that could be finalised within weeks, the Financial Times reported on Friday, amid President Donald Trump's efforts to implement sweeping measures to minimize federal spending.Th...
Fri, Jul 11
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
Carve-outs expected for Canadian energy and fertilizers; USMCA goodsTrump says he may reconsider, depending on fentanyl flowsCarney says will protect Canadian workers and businessMarkets on edge as EU tariff rate awaitedBy Jeff Mason and Ismail Shakil WASHINGTON/OTTAWA, July 10 (Reuters) - U....
Fri, Jul 11
Myanmar junta chief asks Trump for sharp reduction in 40% tariff rate
July 11 (Reuters) - Myanmar's ruling military general has asked U.S. President Donald Trump for a reduction in the 40% tariff rate on his country's exports to the U.S. and is ready to send a negotiation team to Washington if needed, state media reported on Friday.In a response to a letter fr...
Fri, Jul 11
[Reuters Analysis] US corn exports and Brazil tariffs: Braun
By Karen Braun NAPERVILLE, Illinois, July 10 (Reuters) - U.S. corn exports and export sales are still on fire despite the imminent ramp-up of Brazil’s corn shipping season, and the U.S. government might need to up its export target yet again.Brazil was also making headlines in commodity markets o
Fri, Jul 11
[Reuters Analysis] The ever-evolving 'Trump doctrine' and the fight for US strategy: Peter Apps
WASHINGTON, July 11 (Reuters) - As some 20 Iranian ballistic missiles headed for the U.S. airbase at Al Udeid in Qatar last month following U.S. strikes against Iran, the only U.S. personnel at the almost entirely evacuated base were some 40 air defence personnel manning a Patriot missile battery fl
Fri, Jul 11
Nvidia CEO Huang to meet Trump before China trip, source says
WASHINGTON, July 10 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter.The meeting with Trump comes as N...
Fri, Jul 11
Fed's Waller reiterates data keeping July rate cut prospect alive
NEW YORK, July 10 (Reuters) - Federal Reserve Governor Christopher Waller reiterated his belief the central bank could cut interest rates at its policy meeting later this month. "We're just too tight and we could consider cutting the policy rate in July," Waller said at an event at the D...
Fri, Jul 11
Tesla to hold annual shareholder meeting in November as investor scrutiny mounts
July 10 (Reuters) - Tesla TSLA.O will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.
Fri, Jul 11
White House slams Powell over Fed finances, project cost overruns
July 10 (Reuters) - The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovati
Fri, Jul 11
US copper bounces after Trump sets a tariff date, but below peak
LONDON, July 10 (Reuters) - U.S. copper prices rebounded on Thursday after President Donald Trump said a 50% tariff would be imposed from August 1, but held below their record peak due to a glut of metal already in the United States and uncertainty over details.
Fri, Jul 11
[Reuters Analysis] Trump's antitrust enforcers 'get out of the way' of multibillion-dollar deals
July 10 (Reuters) - President Donald Trump's antitrust enforcers recently cleared a string of multibillion-dollar deals in a week, demonstrating a willingness to settle with companies that marks a shift from the Biden administration.
Fri, Jul 11
[Reuters Analysis] Brazil has few exit routes from Trump tariff but feels less pain
BRASILIA, July 10 (Reuters) - When U.S. President Donald Trump linked 50% tariffs on Brazil to the trial against his ally, the country's former far-right leader, Washington left Latin America's largest economy with few options to deescalate but may have overestimated the country's vulnerability to t
Fri, Jul 11
Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open
BRASILIA, July 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump’s threat of 50% tariffs on Brazilian exports, but vowed to reciprocate like-for-like if they take effect on August 1.
Fri, Jul 11
Copper traders look to Chinese buyers in post Trump-tariff world
BEIJING, July 10 (Reuters) - Global copper traders are offering cargoes to Chinese buyers as they look to offload metal no longer able to reach the U.S. before President Donald Trump's 50% copper tariff deadline.
Thu, Jul 10
BOJ sees firms taking US tariffs in stride but cautious on outlook
US tariff impact on output, exports limited for now, BOJ saysFirms fret about slumping demand, regional branch managers saySome regions already feeling strain of U.S. automobile tariffsBOJ seen cutting growth forecast in July, ex-policymaker saysBy Leika Kihara TOKYO, July 10 (Reuters) - Japanese...
Thu, Jul 10
RPT-Car import quotas, export credits on table for EU-US trade talks, sources say
EU seeking US trade deal ahead of August 1 deadlineUS-EU talks moving fast, officials and industry sources sayEasing of US car tariffs essential for a deal, EU diplomat saysUS imposed 25% import tariff on cars in AprilBy Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON...
Thu, Jul 10
