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Philippines concerned over higher U.S. tariffs, will continue to negotiate, minister says
MANILA, July 10 (Reuters) - The Philippines is concerned about the United States' decision to impose 20% tariffs on Philippine exports but will continue to negotiate, its economic affairs minister said on Thursday.
Thu, Jul 10
Pony AI Says Begins Mass Production And Road Testing Of Multiple Gen-7 Robotaxi Models
July 10 (Reuters) - Pony AI Inc PONY.O:PONY AI INC. BEGINS MASS PRODUCTION AND ROAD TESTING OF MULTIPLE GEN-7 ROBOTAXI MODELSPONY AI INC - AIMS TO EXPAND FLEET TO 1,000 VEHICLES BY 2025
Thu, Jul 10
LIVE MARKETS-Markets shaken, not stirred by Trump's tariffs
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
Thu, Jul 10
TSMC second-quarter sales rise 38.6% y/y, beat forecasts
Q2 revenue ahead of forecastsCompany to report Q2 earnings on July 17TAIPEI, July 10 (Reuters) - TSMC 2330.TW, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's produc...
Thu, Jul 10
Sri Lanka's apparel industry alarmed by US tariff of 30%, hopes for cut
COLOMBO, July 10 (Reuters) - Distress is in store for Sri Lanka's garments sector if the island nation is unable to clinch a tariff lower than the 30% figure U.S. President Donald Trump has clamped on imports from Colombo, a top industry body warned on Thursday.
Thu, Jul 10
[Reuters Analysis] Trump’s flip-flop on emergency oil reserves has its merits
LONDON, July 10 - U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his previous vow to fill them "right to the top". This about-face raises the question of whether the U.S. still needs the Strategic Petroleum Reserve at all.
Thu, Jul 10
[Reuters Analysis] Investors look for signs European earnings can defy tariff turmoil
LONDON, July 10 (Reuters) - European investors are bracing for a pivotal second-quarter earnings season, which could offer the first meaningful insight into how companies are navigating a new era of trade volatility and, crucially, how resilient their share prices remain.
Thu, Jul 10
South Korea signals near-term rate cut, warns of 'significant' uncertainty from US tariffs
Bank of Korea holds rates steady, as expectedMost board members open to rate cut in near term Governor cites uncertainty over U.S. trade talksEconomists expect at least one more rate cut in H2By Jihoon Lee and Joyce Lee SEOUL, July 10 (Reuters) - South Korea's central bank held interest rates...
Thu, Jul 10
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Long-term JGBs rally ahead of 20-year auction as election weighs
By Rocky Swift TOKYO, July 10 (Reuters) - Long-term Japanese government bonds (JGBs) rallied on Thursday ahead of an auction that will test investor appetite amid fiscal worries that have driven yields higher, while markets remain focused on the upper house election scheduled for July 20. Prices
Thu, Jul 10
Tesla to expand robotaxi service to San Francisco Bay Area within two months
SAN FRANCISCO, July 9 (Reuters) - Tesla TSLA.O will expand its robotaxi service in the San Francisco Bay Area "in a month or two", depending on regulatory approvals, CEO Elon Musk said on Wednesday.
Thu, Jul 10
Gaza truce possible in one or two weeks but not in a day, Israeli official says
WASHINGTON, July 9 (Reuters) - Israel and Hamas may be able to reach a Gaza ceasefire and hostage-release deal within one or two weeks but such an agreement is not expected to be secured in a day's time, a senior Israeli official said on Wednesday.Speaking during Israeli Prime Minister Benjamin ...
Thu, Jul 10
Copper prices in London, China hover near 3-week lows on looming 50% US tariff
By Hongmei Li SINGAPORE, July 10 (Reuters) - Copper prices on the London Metal Exchange and Shanghai Futures Exchange were under pressure on Thursday, hovering near a three-week low, amid U.S. President Donald Trump's plans to start imposing a 50% copper import tariff on August 1.Trump announ...
Thu, Jul 10
Trump imposes 50% tariffs on Brazil after spat with Lula
WASHINGTON/BRASILIA, July 9 (Reuters) - U.S. President Donald Trump said on Wednesday the U.S. would impose a 50% tariff on all imports from Brazil after a spat this week with his Brazilian counterpart who called him an unwanted "emperor."
Thu, Jul 10
Bitcoin soars to all-time peak just shy of $112,000
NEW YORK, July 9 (Reuters) - Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency.
Thu, Jul 10
Wall Street rises as Fed minutes put rate cuts in focus, Nvidia hits $4 trillion milestone
July 9 (Reuters) - Wall Street indexes closed higher on Wednesday, led by the tech-heavy Nasdaq as Nvidia briefly reached a $4 trillion valuation, and Federal Reserve meeting minutes fueled hopes that inflation pressures from President Donald Trump's tariffs would not derail interest rate cuts this
Thu, Jul 10
US copper widens premium against global benchmark after Trump's 50% tariff plan
LONDON, July 9 (Reuters) - U.S. copper futures widened their premium to the London benchmark on Wednesday, reflecting U.S. President Donald Trump's plan to impose a 50% import tariff on the metal.
Thu, Jul 10
Fed minutes show little support for interest rate cut later this month
WASHINGTON, July 9 (Reuters) - Only "a couple" of officials at the Federal Reserve's June 17-18 meeting said they felt interest rates could be reduced as soon as this month, with most policymakers remaining worried about the inflationary pressure they expect to come from President Donald Trump's use
Thu, Jul 10
OpenAI to release web browser in challenge to Google Chrome
SAN FRANCISCO, July 9 (Reuters) - OpenAI is close to releasing an AI-powered web browser that will challenge Alphabet's GOOGL.O market-dominating Google Chrome, three people familiar with the matter told Reuters.
Thu, Jul 10
Samsung's bet on foldable phones faces major test with slimmer new model
SEOUL, July 9 (Reuters) - Samsung Electronics 005930.KS on Wednesday unveiled thinner, lighter new foldable phones as it aims to fend off Chinese competition in the higher-margin, premium segment that remains untapped by arch rival Apple AAPL.O.
Thu, Jul 10
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US Treasury's Bessent to skip South Africa G20 meeting, heading to Japan
Bessent to represent US at 2025 World Expo in OsakaTreasury chief also missed G20 meeting in February Trump announced 30% tariff on South Africa, 25% on Japan By Andrea Shalal WASHINGTON, July 8 (Reuters) - U.S. Treasury Secretary Scott Bessent will skip a Group of 20 finance officials meeting in...
Wed, Jul 9
