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South Korea's Lee says trade talks deadlocked over $350 billion investment in US, Bloomberg reports
SEOUL, Oct 27 (Reuters) - South Korean President Lee Jae Myung said talks aimed at lowering U.S. import duties on South Korean goods remain deadlocked over the details of a $350 billion investment in the U.S. that was pledged by Seoul as part of a tentative deal, Bloomberg reported on Monday.Lee'...
Mon, Oct 27
Bessent says China to delay rare earths rules by a year, buy U.S. soybeans
WASHINGTON, Oct 26 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Sunday that he anticipates that China will revive substantial purchases of U.S. soybeans for several years and will delay its expanded licensing regime for rare earths by a year and re-examine it after two days of trade tal
Mon, Oct 27
New Japan PM tells Trump that US alliance is paramount in first phone call
TOKYO, Oct 26 (Reuters) - Japan's new prime minister, Sanae Takaichi, told U.S. President Donald Trump that strengthening their countries' alliance is her government's "top priority", in their first phone call on Saturday.Takaichi also told Trump that Japan i...
Sun, Oct 26
Alaska Airlines vows IT upgrades after outage forces 400 flight cancellations
By Kanishka Singh, Ismail Shakil and David Shepardson WASHINGTON, Oct 24 (Reuters) - U.S. carrier Alaska Airlines ALK.N said Friday it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for mo...
Fri, Oct 24
Oil slips on skepticism about US commitment to Russian oil sanctions
Benchmarks pare early-day gains spurred by Thursday's sanctions Brent, US crude both gain over 7% in the weekChinese state oil majors to suspend Russian oil purchasesIndian refiners set to cut their Russian crude imports By Erwin Seba HOUSTON, Oct 24 (Reuters) - Oil prices fell on Friday as s...
Fri, Oct 24
METALS-Copper nears $11,000 as tight supply, trade talks in focus
By Tom Daly Oct 24 (Reuters) - Copper rallied toward $11,000 per metric ton on Friday on persistent concerns over a shortage of supply and renewed optimism over trade talks between the United States and China.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 1% at $10,960 a...
Fri, Oct 24
US natural gas prices ease to one-week low as storage remains high
U.S. natural gas futures eased about 1% to a one-week low on Friday on a small output increase in recent days and ample amounts of fuel in storage.
Fri, Oct 24
U.S. equity funds see strong inflows as earnings optimism boost risk appetite
U.S. equity funds saw robust inflows in the week through October 22 bolstered by optimism over a broadly upbeat quarterly earnings season so far.
Fri, Oct 24
Asia Distillates-Margins hover at 1 1/2-yr highs on robust market fundamentals
Asia's diesel market performance was robust through the week, supported by expectations of firm November supply-demand fundamentals, while refining margins GO10SGCKMc1 rose back to slightly more than 1 1/2-year highs of $23 a barrel.
Fri, Oct 24
GRAINS-Chicago soybeans set for best weekly gain in 10 on trade optimism
Chicago soybean futures retreated on Friday from a one-month high as crude oil prices dropped, but remained on track for their biggest weekly gain in 10 weeks on hopes of renewed trade talks with top buyer China.
Fri, Oct 24
Fiery setback not enough to knock Ford out of cruise control
Ford Motor F.N cut its profit forecast on Thursday, citing fallout from a fire at a critical aluminum supplier that will crimp production of some of its most lucrative vehicles through year-end
Fri, Oct 24
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Procter & Gamble up after beating estimates on resilient demand for beauty, hair care products
Shares of consumer goods bellwether Procter & Gamblerise about 3% to $155.34 premarket
Fri, Oct 24
Japan's Kirin looks to sell Kentucky bourbon brand for $1 billion, FT reports
Oct 24 (Reuters) - Japanese brewer Kirin 2503.T has put its Kentucky bourbon brand Four Roses up for sale for $1 billion, the Financial Times reported on Friday, citing people familiar with the matter.The company has been working with advisers from UBS UBSG.S to weigh interest from potential buyers ...
Fri, Oct 24
Japan's Nikkei rises on tech boost, set for eighth weekly gain in nine
TOKYO, Oct 24 (Reuters) - Japan's Nikkei share average rose more than 1% on Friday, driven by index heavyweight tech stocks, and was poised for an eighth weekly gain in nine on expectations for fiscal dove Sanae Takaichi's new government.
Fri, Oct 24
China-linked battery company abandons plan to build Michigan plant, state says
WASHINGTON, Oct 23 (Reuters) - A subsidiary of Chinese battery company Gotion has abandoned a plan to build a $2.4 billion plant in Michigan to produce key materials for electric vehicle batteries, the state said on Thursday.
Fri, Oct 24
Reliance may take 4% hit on earnings if India shifts away from Russian oil, Morgan Stanley says
Morgan Stanley says if India shifts from Russian crude after U.S. sanctions, Reliance RELI.NS earnings could fall about 4% in FY27
Fri, Oct 24
Japan's new premier pledges early boost to defence spending, 'proactive' fiscal moves
TOKYO, Oct 24 (Reuters) - Japan's new Prime Minister Sanae Takaichi pledged on Friday to accelerate a defence spending target by two years, as her government pursues proactive fiscal expansion on strategic priorities.
Fri, Oct 24
Trump pardons convicted Binance founder 'CZ' Zhao
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump has pardoned Changpeng Zhao, the convicted founder of the Binance cryptocurrency exchange, the White House said Thursday, in the latest move by Trump to boost the crypto industry and expunge its past misdeeds.
Fri, Oct 24
Intel beats third-quarter profit estimates as cost cuts, investments pay off
Oct 23 (Reuters) - Intel INTC.O beat expectations for September-quarter profit as CEO Lip-Bu Tan's drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.
Fri, Oct 24
Anthropic to use Google's AI chips worth tens of billions to train Claude chatbot
Oct 23 (Reuters) - Anthropic is expanding its deal with Google to use as many as one million of the tech giant's artificial intelligence chips, worth tens of billions of dollars, as the startup races to advance its AI systems in the competitive market.Under the deal announced on Thursday, Anthro...
Fri, Oct 24
