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CES-Honda executive cautious about new EV production ahead of Trump presidency
LAS VEGAS, Jan 7 (Reuters) - Honda Motor 7267.T will be cautious about starting production of new electric vehicles due to uncertainty about President-elect Donald Trump's industrial policy, a senior executive of the Japanese automaker said on Tuesday.
Wed, Jan 8
Berkshire shareholder seeks committee to oversee AI at Buffett's company
A Berkshire Hathaway BRKa.N shareholder wants a committee of independent directors to oversee risks associated with artificial intelligence at the dozens of companies in Warren Buffett's conglomerate.
Wed, Jan 8
Oil services provider Flowco seeks up to $2 bln valuation in US IPO
Jan 7 (Reuters) - Oilfield services provider Flowco Holdings on Tuesday said it is seeking a valuation of up to $2 billion in its initial public offering in the United States, aiming to leverage last year's capital market rebound.
Tue, Jan 7
Microsoft to invest $3 bln in India, to expand AI and cloud capacity
Microsoft MSFT.O will spend $3 billion to expand its Azure cloud and artificial intelligence (AI) capacity in India, CEO Satya Nadella said on Tuesday, doubling down on a country with tech expertise and low costs to help turn such investments profitable.
Tue, Jan 7
Indonesia, Apple discuss investment proposal linked to iPhone sale ban
Indonesia's industry minister met representatives of Apple AAPL.O on Tuesday to discuss the company's potential investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 loc...
Tue, Jan 7
Lululemon rises after Bernstein upgrades to 'outperform' on potential recovery in Americas
** Shares of athleisure wear maker Lululemon Athletica LULU.O up 1.6% at $401.80 premarket** Bernstein upgrades stock to "outperform" from "market perform", raises PT to $460 from $360** Brokerage says co's Americas business has "bottomed" and is now set for a modest recovery, following growth decel
Tue, Jan 7
Speculative dollar long position could be overextended
Jan 7 (Reuters) - Traders considering adding to the speculative dollar long position should be mindful that the dollar's price action could be an early warning that its recent uptrend may be coming to an end.
Tue, Jan 7
Deutsche Bank turns 'overweight' on European equities
Jan 7 (Reuters) - Deutsche Bank said on Tuesday it is now "overweight" on European equities due to an improving political climate, macro conditions and potential stimulus measures from China.
Tue, Jan 7
Gold gains on softer dollar as market ponders Trump tariffs
Jan 7 (Reuters) - Gold prices rose on Tuesday, helped by a weaker U.S. dollar as traders pondered whether President-elect Donald Trump's tariff plans would be less aggressive while awaiting U.S. jobs data to gauge the Federal Reserve's interest rate trajectory.
Tue, Jan 7
Japan's Nikkei gains nearly 2% as chip-related shares rally
Japan's Nikkei share average climbed on Tuesday by nearly 2%, snapping a two-session losing streak, as chip-related stocks tracked their U.S. peers higher.
Tue, Jan 7
Dollar edges down towards one-week low as market ponders Trump tariffs
The U.S. dollar eased towards a one-week low versus major peers on Tuesday as traders considered whether President-elect Donald Trump's tariffs would be less aggressive than promised.
Tue, Jan 7
Inflation runs hot in the euro zone
The euro zone's harmonised index of consumer prices (HICP) is due later today and expected to have risen 2.4% in December, speeding up from 2.2% in November.
Tue, Jan 7
GLOBAL MARKETS-Asia shares benefit from doubts about Trump tariffs
Asia shares track Wall St, rise on possible shift in US trade policyStock futures suggest weak opening for EuropeEuro zone inflation data due later on TuesdayUpdates to Asia afternoonBy Rae Wee SINGAPORE, Jan 7 (Reuters) - Asia's shares followed Wall Street's positive lead on Tuesday as some inve
Tue, Jan 7
Global crude exports dip as trade routes reshuffle again
HOUSTON, Jan 7 (Reuters) - The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, due to weak demand growth and as refinery and pipeline changes reshuffled trade routes.
Tue, Jan 7
Japan's 10-year bond yield flat after firm auction
TOKYO, Jan 7 (Reuters) - Japan's 10-year government bond (JGB) yield retreated from a session high and turned flat on Tuesday after an auction witnessed firm demand.The 10-year JGB yield JP10YTN=JBTC rose to as high as 1.135% but was last flat at 1.125%."The yield tracked U.S. Treasury yields higher
Tue, Jan 7
Indonesia to meet Apple on investment proposal, official says
JAKARTA, Jan 7 (Reuters) - Indonesia's industry ministry will meet representatives from Apple AAPL.O on Tuesday to discuss its investment in the country, a prerequisite for the tech giant to sell its latest iPhone 16 locally, a ministry official said. Indonesia last year banned sales of Apple's iPho
Tue, Jan 7
CES-Nvidia unveils robot training tech, new gaming chips and Toyota deal
Nvidia announces AI model tech to speed robot developmentCEO launches new videogame graphics chips at CESNvidia also unveils first desktop computer, Toyota dealRecasts and writes through with analyst commentBy Max A. Cherney and Stephen Nellis Jan 6 (Reuters) - Nvidia NVDA.O on Monday took the wr
Tue, Jan 7
Oil prices extend losses, firmer dollar and supply outlook weigh
By Colleen Howe BEIJING, Jan 7 (Reuters) - Oil prices extended losses into a second straight session on Tuesday on technical correction after last week's rally, while forecasts for ample supply and a firm dollar also weighed.Brent LCOc1 futures fell 28 cents, or 0.37%, to $76.02 a barrel by 0148
Tue, Jan 7
CES-Nvidia CEO set to take stage at CES just after shares hit record high
By Max A. Cherney, Stephen Nellis Jan 6 (Reuters) - Nvidia NVDA.O Chief Executive Jensen Huang is set to deliver the opening keynote speech at CES later on Monday and will likely unveil new videogame chips and detail efforts to parlay the company's success in artificial intelligence into other ma
Tue, Jan 7
Outgoing US transport chief says Boeing has more to do after 737 MAX incident
The outgoing U.S. transportation secretary said on Monday that Boeing BA.N has more to do and its efforts to improve its culture are unfinished after a door panel missing four key bolts flew off a new Alaska Airlines ALK.N 737 MAX 9 in mid-air in January 2024.
Tue, Jan 7
