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China, US need to cooperate in AI, says US-China relations committee head
BEIJING, March 24 (Reuters) - China and the United States need to cooperate in artificial intelligence, and duplication of efforts in the area could be avoided, the president of the National Committee on United States-China Relations (NCUSCR) said.Stephen Orlins, who participated in the annual China
Mar 24, 2025
Chinese EV giant BYD's fourth-quarter profit leaps 73%
BEIJING, March 24 (Reuters) - Chinese electric vehicle maker BYD's 1211.HK 002594.SZ net profit leapt 73.1% in the fourth quarter of 2024 to a record 15 billion yuan ($2.1 billion), it said on Monday, reaping the rewards of lower prices and higher sales than rivals.
Mar 24, 2025
Euro zone economy growth accelerates to seven-month high in March, PMI shows
March 24 (Reuters) - Euro zone business activity grew at its fastest pace in seven months in March, supported by an easing in the long-running manufacturing downturn despite slower growth in services, a survey showed.
Mar 24, 2025
Japan's Nikkei dips as looming US tariff deadline spurs caution
TOKYO, March 24 (Reuters) - Japan's Nikkei share average declined for a third straight session on Monday as uncertainty ahead of a looming deadline for implementing additional U.S. tariffs sapped investor appetite for riskier assets.
Mar 24, 2025
METALS-London copper firms as dollar slips; looming US tariffs cap gains
NEW DELHI, March 24 (Reuters) - Copper prices in London rose on Monday, tracking some weakness in the dollar, although concerns over the looming U.S. tariffs checked gains.The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) added 1.3% to $9,988 a metric ton as of 0715 GMT.The ...
Mar 24, 2025
EXCLUSIVE-India's $23 bln plan to rival China factories to lapse after it disappoints
NEW DELHI, March 24 (Reuters) - Indian Prime Minister Narendra Modi's government has decided to let lapse a $23 billion program to incentivize domestic manufacturing, just four years after it launched the effort to woo firms away from China, according to four government officials.
Mar 24, 2025
Oil prices hold steady as investors monitor Russia-Ukraine ceasefire talks
TOKYO, March 24 (Reuters) - Oil prices held steady on Monday as investors assessed the outlook for ceasefire talks aimed at ending the Russia-Ukraine war, which could lead to an increase in Russian oil to global markets.
Mar 24, 2025
Japan's factory activity declines accelerate, services sag, PMI shows
TOKYO, March 24 (Reuters) - Japan's factory activity fell at the fastest pace in a year in March, dragged by declines in production and new orders in a worrying sign for the economy, a private-sector survey showed on Monday.
Mar 24, 2025
Iraq’s Kurdistan crude output at 286,000 bpd, oil minister says
BAGHDAD, March 23 (Reuters) - Iraq’s Kurdistan region is producing 286,000 barrels of crude oil per day, Iraqi oil minister Hayan Abdel-Ghani told state television on Sunday, citing secondary sources.
Mar 24, 2025
Canadian PM Carney calls snap election, says Trump wants to break Canada
OTTAWA, March 23 (Reuters) - New Canadian Prime Minister Mark Carney on Sunday called a snap election for April 28, saying he needed a strong mandate to deal with the threat posed by U.S. President Donald Trump, who "wants to break us so America can own us."
Mar 24, 2025
[Reuters Analysis] BOJ's message: Food inflation can't be ignored even as Trump tariffs raise risks
TOKYO, March 24 (Reuters) - The Bank of Japan's meeting last week passed with no surprises, but for a careful BOJ watcher its message on the need to remain vigilant on food-driven inflationary pressures had an important takeaway: Rates could be raised sooner than expected.
Mar 24, 2025
Oil prices rise for second consecutive week on expected tighter supply
Benchmarks record highest weekly gains since early JanuaryFresh US sanctions on Iran include Chinese independent refinerPrices also supported by latest OPEC+ production plansBy Shariq Khan NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and recorded a second consecutive weekly ...
Mar 21, 2025
J&J boosts US investments by 25% over 4 years amid looming tariff threats
Plans include four new manufacturing facilities, starting with Wilson, NCTotal figure of $55 billion includes some 'already planned' commitments, investors sayJ&J says it has more manufacturing sites in U.S. than in other countriesBy Bhanvi Satija and Patrick Wingrove March 21 (Reute...
Mar 21, 2025
Russia and Ukraine accuse each other of blowing up Russian gas pumping station
Gas pumping station in Russia goes up in flames Video shows explosion before big fire erupts Russia and Ukraine accuse each other Incident a blow to proposed moratorium on energy attacks By Andrew Osborn and Dmitry AntonovMOSCOW, March 21 (Reuters) - Russia and Ukraine accused each other on Friday ...
Mar 21, 2025
Fed's Goolsbee says open question if tariffs will lead to persistent inflation
WASHINGTON, March 21 (Reuters) - It remains an open question for the U.S. Federal Reserve whether the Trump administration's tariff plans will lead to persistent inflation, with taxes on intermediate goods, retaliation by other nations, and other factors feeding into whether the central bank will ha
Mar 21, 2025
GLOBAL MARKETS -Stocks slide, dollar firms as tariff and geopolitical uncertainties weigh
SINGAPORE/LONDON, March 21 (Reuters) - European and world shares fell on Friday but were set for a weekly gain, and the euro steadied just shy of a five-month high, as investors finished a busy week without much more clarity on the big market questions than they had at the start.
Mar 21, 2025
Hedge fund pessimism over Wall Street hits 5-year high, Goldman says
LONDON, March 21 (Reuters) - Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that U.S. stocks have further to fall, according to a Goldman Sachs GS.N note sent to clients on Thursday.
Mar 21, 2025
China's central bank says it will boost forex market resilience
BEIJING, March 21 (Reuters) - China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.
Mar 21, 2025
TSX futures fall on tariff jitters ahead of retail sales data
March 21 (Reuters) - Futures tied to Canada's main stock index fell on Friday, mirroring losses in its Wall Street peers amid tariff concerns, while investors awaited domestic retail sales data.The futures on the S&P/TSX index were down 0.26% at 0642 ET (1042 GMT), while Wall Street's S&P 500...
Mar 21, 2025
Micron set for growth in 2025 led by solid chip demand
Micron Technology MU.O forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models. Micron shares down 3.6% at $99.2 in premarket tradePOISED FOR AI-DRIVEN GROWTH...
Mar 21, 2025
