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Trump says tariff letters to go out to other countries from Monday afternoon
July 6 (Reuters) - President Donald Trump said late on Sunday that the U.S. will start delivering tariff letters to other countries starting 12:00 pm ET (1600 GMT) on Monday."I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the Worl...
Mon, Jul 7
Samsung Elec Q2 profit likely to drop 39% on weak AI chip sales
Samsung's Q2 profit seen at 6.3 trln won, down from 10.4 trln won prior yearSupply of advanced AI chips to Nvidia fell behind targeted schedule, analysts sayUncertainty surrounding U.S. trade policy remains riskBy Heekyong Yang SEOUL, July 7 (Reuters) - Samsung Electronics 005930.KS is expect...
Mon, Jul 7
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South Korea's LG Energy Solution says Q2 profit likely up 152% on year
SEOUL, July 7 (Reuters) - South Korea's LG Energy Solution (LGES) 373220.KS, an electric car battery supplier for General Motors GM.N and Tesla TSLA.O, on Monday estimated a 152% rise in its quarterly operating profit.
Mon, Jul 7
Wheat falls more than 3% to one-week low on supply pressure
SINGAPORE, July 7 (Reuters) - Chicago wheat futures slid nearly 3.5% and dropped to a one-week low on Monday as ample supplies from the ongoing Northern Hemisphere harvest dragged down the market.
Mon, Jul 7
Gold prices drop as Trump signals trade deals, extends tariff reprieve
July 7 (Reuters) - Gold prices dropped on Monday after U.S. President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieve for several countries, dampening demand for the safe-haven metal.
Mon, Jul 7
Investment firm Azoria postpones Tesla ETF after Musk plans political party
July 6 (Reuters) - Investment firm Azoria Partners said on Saturday it will postpone the listing of its Azoria Tesla Convexity exchange traded fund after Tesla TSLA.O CEO Elon Musk said he was forming a new U.S. political party.Musk made the announcement a day after polling his followers on the X so
Mon, Jul 7
Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
July 6 (Reuters) - Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg N
Mon, Jul 7
Trump calls Musk's formation of new party "ridiculous" and criticizes his own NASA pick
WASHINGTON, July 6 (Reuters) - President Donald Trump on Sunday called Elon Musk's plans to form a new political party "ridiculous," launching new barbs at the tech billionaire and saying the Musk ally he once named to lead NASA would have presented a conflict of interest given Musk's business inter
Mon, Jul 7
Oil falls slightly ahead of expected OPEC+ output increase
OPEC+ expected to boost output in AugustIran reaffirms commitment to nuclear nonproliferation treatyUS tariff risks resurface as July 9 deadline loomsBy Amanda Stephenson CALGARY, July 4 (Reuters) - Oil futures slipped slightly in thin holiday trading on Friday, as the market looked ahead to this...
Fri, Jul 4
ECB's Wunsch: Inflation risk more downward than upward
BERLIN, July 3 (Reuters) - The risk of inflation is pointing downwards rather than upwards, Belgium's central bank governor, Pierre Wunsch, told Germany's Handelsblatt newspaper in an interview published on Thursday.Speaking on the sidelines of a central bank conference in Sintra, the Europe...
Fri, Jul 4
Stocks and dollar dip as Trump's spending bill passes, trade deal deadline nears
LONDON, July 4 (Reuters) - Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy.
Fri, Jul 4
India proposes retaliatory duties at WTO against US tariffs on autos
NEW DELHI, July 4 (Reuters) - New Delhi has proposed retaliatory duties against the U.S. at the World Trade Organization, saying Washington's 25% tariff on automobiles and some auto parts would affect $2.89 billion of India's exports, according to an official notification.
Fri, Jul 4
Trump, disappointed by call with Putin, to speak with Zelenskiy on Friday
WASHINGTON, July 3 (Reuters) - U.S. President Donald Trump said early on Friday he came away disappointed from a telephone call with Russian President Vladimir Putin because it does not appear the latter is looking to stop Russia's war against Ukraine.
Fri, Jul 4
Japan's Nikkei inches higher as chip stocks track Wall Street's record finish
TOKYO, July 4 (Reuters) - Japan's Nikkei share average inched higher on Friday, as chip-related stocks tracked a strong overnight performance on Wall Street, though the gains were capped as investors locked in profits after a recent rally.
Fri, Jul 4
Asian stocks retreat from recent peaks as US tariff deadline looms
July 4 (Reuters) - Stocks in emerging Asian economies pulled back on Friday from recent peaks, as market participants took a cautious stance ahead of U.S. President Donald Trump's July 9 tariff deadline, while regional currencies dipped against a steady U.S. dollar.
Fri, Jul 4
Trump says will send letters, probably starting Friday, laying out tariff rates
WASHINGTON, July 3 (Reuters) - President Donald Trump on Thursday said his administration would start sending letters to countries, probably on Friday, to identify the tariff rates they would face on imports to the United States. Trump told reporters before departing for Iowa that he expected to s
Fri, Jul 4
Republicans, Democrats start gaming out Trump's tax-cut bill hit to 2026 elections
Democrats target Medicaid cuts as campaign ammunitionRepublicans argue tax cuts will boost economy by 2026Polling shows public concern over deficit and impact on low-income AmericansHouse seen as highly competitive, Republicans have easier path to defend SenateBy David Morgan, Richard Cowan and Andy
Fri, Jul 4
[Reuters Analysis] Trump extends his political power with 'big, beautiful' win in Congress
WASHINGTON, July 3 (Reuters) - As U.S. President Donald Trump worked to pass his signature spending bill, he blended charm and threats, bestowed gifts and bellowed frustration to bend Congress to his will.
Fri, Jul 4
Trump says he will put 20% tariff on Vietnam's exports
WASHINGTON/HANOI, July 2 (Reuters) - The United States will place a lower-than-promised 20% tariff on many Vietnamese exports, Donald Trump said on Wednesday, cooling tensions with its tenth-biggest trading partner days before the U.S. president could raise levies on most imports.
Fri, Jul 4
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Republicans muscle Trump's sweeping tax-cut and spending bill through Congress
WASHINGTON, July 3 (Reuters) - President Donald Trump 's tax-cut legislation cleared its final hurdle in the U.S. Congress on Thursday, as the Republican-controlled House of Representatives narrowly approved a massive package that would fund his domestic agenda and push millions of Americans off hea
Fri, Jul 4
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