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Copper Falls as Higher Oil Prices Fan Fears Over Inflation, Growth
March 17 (Reuters) - Copper flipped into the red on Tuesday as Iran launched fresh attacks on U.S. allies in the Gulf region in the third week of the war, pushing up oil prices and fanning fears over growth and inflation.The most-active copper contract SCFcv1 on the Shanghai Futures Exchange decline...
Tue, Mar 17
Australia central bank hikes rates to 10-month high as Iran war stokes inflation risk
RBA hike comes in a tight vote, but difference more about timingPolicy meeting held against the backdrop of Iran war, oil spikeRBA warns Middle East war could add to inflationary pressuresBy Stella Qiu and Wayne Cole SYDNEY, March 17 (Reuters) - Australia's central bank raised rates for a sec...
Tue, Mar 17
Google in Talks with China's Envicool, Others to Buy Data Centre Cooling Systems, Sources Say
BEIJING/SINGAPORE, March 17 (Reuters) - Alphabet's Google GOOGL.O is in talks with Envicool 002837.SZ and other Chinese firms about buying liquid cooling equipment for data centres, according to people with knowledge of a visit to China by one of the U.S. firm's procurement teams.
Tue, Mar 17
Asia Stocks Attempt a Rebound with Central Banks in the Spotlight
SINGAPORE, March 17 (Reuters) - Stocks climbed in Asian trading on Tuesday, pressing for a second day of gains as investors confronted a crowded central bank calendar and an unrelenting Middle East conflict.
Tue, Mar 17
Gold Firms as Investors Assess Middle East Fallout Ahead of Policy Decisions
March 17 (Reuters) - Gold prices edged higher on Tuesday, buoyed by easing fears of prolonged disruptions to oil shipments, while investors assessed the economic impact of the Middle East conflict ahead of a slew of central bank policy decisions this week.
Tue, Mar 17
Bank of Japan Chief Stresses Need to Hit 2% Inflation Backed by Wage Gains
TOKYO, March 17 (Reuters) - Bank of Japan Governor Kazuo Ueda said underlying inflation is accelerating toward the bank's 2% target, stressing that price rises must be matched by solid wage gains.
Tue, Mar 17
US Government Confirms Tesla and Lg Energy Solution's $4.3 Billion Battery Deal
WASHINGTON, March 16 (Reuters) - The U.S. government on Monday said electric vehicle maker Tesla (TSLA) and South Korea's LG Energy Solution (373220.KS) had signed a supply agreement to build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michig
Tue, Mar 17
Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
By Hyunjoo Jin March 17 (Reuters) - Shares of Samsung Electronics 005930.KS rose as much as 5% on Tuesday after Nvidia NVDA.O CEO Jensen Huang said the South Korean company was producing Nvidia's new artificial intelligence chips. The news fuelled expectations that Samsung's foundry di...
Tue, Mar 17
Meta’s Hire-then-fire Yo-yo Is Different This Time
NEW YORK, March 16 (Reuters Breakingviews) - One gigantic round of layoffs for Meta Platforms (META) was a misfortune.
Tue, Mar 17
Gold Steady as Investors Await Central Bank Decisions, Weigh Mideast Risks
March 17 (Reuters) - Gold prices were largely steady on Tuesday as investors stayed on the sidelines, weighing the economic fallout from the conflict in the Middle East ahead of a slew of central bank policy decisions this week.
Tue, Mar 17
SK Group Chairman Says Wafer Shortage to Last Until 2030, Trying to Stabilise Memory Prices
SAN JOSE, California, March 16 (Reuters) - South Korea's SK Group Chairman Chey Tae-won said on Monday the global chip wafer shortage is likely to persist until 2030, as demand driven by artificial intelligence continues to outpace supply.
Tue, Mar 17
US Says 10% of Airport Security Officers Did Not Work Sunday Amid Shutdown
WASHINGTON, March 16 (Reuters) - The Trump administration said just over 10% of Transportation Security Administration airport security officers on Sunday did not show up for work as a partial government shutdown stretches to 30 days, showing no end in sight.
Tue, Mar 17
Samsung Workers' Strike Plan Would Disrupt Chip Supply, Union Chief Says
PYEONGTAEK, South Korea, March 17 (Reuters) - The biggest workers' union at South Korea's Samsung Electronics 005930.KS has threatened to disrupt chip production as members vote on a plan to strike in May, its leader told Reuters.
Tue, Mar 17
US STOCKS-Wall Street Ends Higher as Traders Return to AI Stocks
March 16 (Reuters) - Wall Street ended sharply higher on Monday, fueled by gains in AI-related stocks, with Meta Platforms climbing after a report that it is preparing for sweeping layoffs, while oil prices retreated amid ongoing uncertainty about the Middle East conflict.
Tue, Mar 17
OpenAI to Cut Back on Side Projects to Focus on Core Business, WSJ Reports
March 16 (Reuters) - ChatGPT-maker OpenAI's top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, the Wall Street Journal reported on Monday.
Tue, Mar 17
US Average Diesel Prices Cross $5 a Gallon as Middle East War Tests Global Economy
NEW YORK, March 16 (Reuters) - U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.
Tue, Mar 17
Rhythm Pharma's Drug Fails Key Genetic Obesity Trial, Shares Fall
March 16 (Reuters) - Rhythm Pharmaceuticals RYTM.O said on Monday its experimental obesity drug in patients with rare genetic conditions did not meet the main goal of a late-stage trial.
Tue, Mar 17
Disputes with China won't be to blame if Trump delays summit with Xi, Bessent says
Bessent, Greer say Paris talks affirm stable US-China relationshipUS, China conclude trade talks aimed at teeing up deals for Trump and XiNew US unfair trade probes a source of tension in talks US, China seek to explore new ways to manage trade, investmentsBy David Lawder and Elizabeth Howcroft P...
Mon, Mar 16
Oil falls amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices fell on Monday ...
Mon, Mar 16
China and US in Communication on Trump Visit, Chinese Foreign Ministry Says
BEIJING, March 16 (Reuters) - China and the U.S. are in communication about President Donald Trump's visit to China, a Chinese foreign ministry spokesperson said on Monday when asked about reports of Trump's threat to delay a planned summit with Chinese President Xi Jinping.
Mon, Mar 16
