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EU vows financial backing for Kyiv, holds off on frozen assets plan
BRUSSELS, Oct 23 (Reuters) - European Union leaders agreed on Thursday to meet Ukraine's "pressing financial needs" for the next two years but stopped short of endorsing a plan to use frozen Russian assets to fund a giant loan to Kyiv due to concerns raised by Belgium.
Fri, Oct 24
Putin defiant after Trump sanctions Russian oil companies over Ukraine
MOSCOW, Oct 23 (Reuters) - Russian President Vladimir Putin remained defiant on Thursday after U.S. President Donald Trump hit Russia's two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that pushed global oil prices up 5%.
Fri, Oct 24
Trump to meet Xi in South Korea as part of Asia swing
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump will meet Chinese President Xi Jinping next week as part of a trip to Asia, the White House said on Thursday, confirming the meeting which had been called into question following an escalation in trade tensions. White House press secretary K
Fri, Oct 24
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UK consumer sentiment rises to joint-highest since August 2024
LONDON, Oct 24 (Reuters) - British consumer sentiment rose in October to its joint-highest level since August 2024 as shoppers took advantage of sales promotions from Amazon and other retailers, figures from market research company GfK showed on Friday.GfK's monthly consumer sen...
Fri, Oct 24
Europe's STOXX 600 closes at record high on energy boost, earnings in focus
Energy stocks rise as US sanctions Russian suppliersLuxury stocks gain, travel and leisure stocks decline50% of STOXX 600 earnings beat estimates, below typical quarterBy Sukriti Gupta and Johann M Cherian Oct 23 (Reuters) - The STOXX 600 index closed at a record high on Thursday, led by gain...
Thu, Oct 23
Trump to quadruple Argentine beef imports while US ranchers fume
Plan angers U.S. ranchers fearing impact on domestic industryUSDA hopes to expand domestic cattle herd from 75-year lowAnalysts doubt significant consumer price drop from increased importsBy Jeff Mason, Tom Polansek and Leah Douglas WASHINGTON/CHICAGO, Oct 23 (Reuters) - U.S. President Donald Tru...
Thu, Oct 23
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Blackstone teases deal flow, record assets as profit beats estimates
Profit jumped 48% to $1.89 billion, beating estimatesBlackstone sold $30 billion in investments, doubled PE earningsCredit and insurance arm drives inflows, boosts Shares fall 5%, extending year's lossesBy Arasu Kannagi Basil and Isla Binnie Oct 23 (Reuters) - Blackstone's BX.N pipeline f...
Thu, Oct 23
India poised to sharply cut Russian oil imports after sanctions, sources say
U.S. imposes sanctions on Russian producers Rosneft, LukoilIndia is biggest buyer of seaborne Russian oil since Ukraine warRussian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal - sources By Nidhi Verma NEW DELHI, Oct 23 (Reuters) - India...
Thu, Oct 23
VW production continuing for now but chip uncertainty high
Production at Volkswagen's VOWG_p.DE main plant will proceed as planned during its next work week, despite the risk of shortages from a stand-off between China and the Netherlands over chipmaker Nexperia, a person familiar with the matter said.
Thu, Oct 23
Super Micro cuts first-quarter revenue forecast
Super Micro Computer SMCI.O trimmed its first-quarter revenue forecast on Thursday, citing a shift in customer delivery schedules for large artificial intelligence deals.
Thu, Oct 23
Europe aerospace firms team up in space to counter Musk
Airbus, Thales, Leonardo to pool satellite activities New venture to employ 25,000, generate 6.5 bln euros in revenueAirbus initially to hold 35%, Thales and Leonardo 32.5% eachPreliminary faces regulatory approval processBy Giulia Segreti and Tim Hepher ROME/PARIS, Oct 23 (Reuters) - Europe'...
Thu, Oct 23
Chinese vice commerce minister met Walmart executive over China procurement
China's vice commerce minister Sheng Qiuping met senior Walmart WMT.N executive Dan Bartlett on October 16, the commerce ministry said in a statement on Thursday, and encouraged the U.S. retail giant to expand its procurement in China.
Thu, Oct 23
Japan's JERA to buy US shale gas assets for $1.5 bln, eyes output increase
JERA, Japan's top power generator, on Thursday said it will buy natural gas production assets in the U.S. for $1.5 billion, marking its entry into American shale gas production.
Thu, Oct 23
Gold gains as geopolitical risks, trade tensions burnish appeal
Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying demand for safe-haven assets.
Thu, Oct 23
China confirms US trade talks to be held in Malaysia from Friday
BEIJING, Oct 23 (Reuters) - Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected flare-up in tension ahead of a key leaders' summit.
Thu, Oct 23
BOJ sees signs of overheating in Japan's stock market
TOKYO, Oct 23 (Reuters) - Japan's stock market is showing early signs of overheating, the central bank said on Thursday, warning of the risk that uncertainty over U.S. trade policy could cause sharp corrections and hit financial institutions.
Thu, Oct 23
Asian markets retreat as US weighs new trade curbs on China
SINGAPORE, Oct 23 (Reuters) - Asian stocks fell for a second day on Thursday as lacklustre earnings from tech megacaps deepened a selloff on Wall Street, while U.S. sanctions against Russia and possible new export controls on China revived geopolitical worries.
Thu, Oct 23
Alibaba launches AI chatbot service in renewed consumer push
BEIJING, Oct 23 (Reuters) - Alibaba 9988.HK launched a new AI chatbot assistant service on Thursday, refreshing its push into a consumer-facing space that is dominated by ByteDance and Tencent 700.HK.
Thu, Oct 23
China and US 'just flexing muscles' over critical metals, BHP chair says
MELBOURNE, Oct 23 (Reuters) - The U.S. and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to be caught between its top customer and the world's biggest economy.
Thu, Oct 23
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India's Tata Tech to hire more locals in US as Trump cracks down on immigration
Oct 23 (Reuters) - Tata Technologies TATE.NS will recruit more local nationals in the United States, its top boss said, as the Indian engineering services provider reacts to U.S. President Donald Trump's wide-ranging immigration crackdown.
Thu, Oct 23
