Reuters
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South Korea keeps rates on hold but surprises with nod to further cuts
SEOUL, Oct 23 (Reuters) - South Korea's central bank kept policy interest rates unchanged on Thursday, wary of worsening an overheating housing market and a declining currency, but left the door open for another cut, pushing the won down even further against the dollar.
Thu, Oct 23
EXCLUSIVE-Nexperia's China unit resumes chip sales to domestic distributors, sources say
BEIJING/TAIPEI, Oct 23 (Reuters) - Dutch chipmaker Nexperia's Chinese unit has resumed supplying semiconductors to local distributors, according to two people briefed on the matter, having previously halted all shipments when Beijing banned exports following an ownership dispute.
Thu, Oct 23
WRAPUP 9-US sanctions Russian oil companies as Moscow holds nuclear drills
US sanctions Rosneft and Lukoil, in a change of approachRussia says it held exercise with strategic nuclear weaponsUS says Putin-Trump summit plans on holdBy Dmitry Antonov, Pavel Polityuk and Jeff Mason MOSCOW/KYIV/WASHINGTON, Oct 22 (Reuters) - The United States hit Russia's major oil compa...
Thu, Oct 23
Canada plans to shrink US reliance, cut spending in upcoming budget
OTTAWA, Oct 22 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said his government's first budget will reduce economic and security reliance on the United States and cut wasteful spending.
Thu, Oct 23
Amazon sees faster delivery speeds with hi-tech driver eyeglasses, AI
MILPITAS, California, Oct 22 (Reuters) - In its relentless drive to bring everyday items to customers faster, Amazon has shifted expectations from two-day delivery to same-day and even within an hour.
Thu, Oct 23
Conservative activist sues Google over AI-generated statements
Oct 22 (Reuters) - Conservative activist Robby Starbuck sued Google GOOGL.O on Wednesday, alleging the tech giant's artificial intelligence systems generated "outrageously false" information about him.
Thu, Oct 23
U.S. natural gas futures dip after 18% surge hits technical resistance
Oct 22 (Reuters) - U.S. natural gas futures eased on Wednesday as the contract hit technical resistance after soaring about 18% over the past few days.
Thu, Oct 23
US mulls curbs on exports to China made with US software, sources say
Oct 22 (Reuters) - The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a U.S. official and three people briefed by U.S. a
Thu, Oct 23
Trump says he canceled Putin summit due to stalled negotiations
WASHINGTON, Oct 22 (Reuters) - U.S. President Donald Trump said on Wednesday he canceled a planned summit with Russian President Vladimir Putin, citing a lack of progress in diplomatic efforts and a sense that the timing was off. “We canceled the meeting with President Puti...
Thu, Oct 23
Trump says he expects to reach deal with China on trade, soybeans, possibly nuclear arms
WASHINGTON, Oct 22 (Reuters) - U.S. President Donald Trump said on Wednesday he expected to reach agreements with Chinese President Xi Jinping when they meet in South Korea next week that could range from resumed soybean purchases by Beijing to limits on nuclear weapons.
Thu, Oct 23
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US hits top Russian oil companies with sanctions, EU bans Russian LNG
WASHINGTON/BRUSSELS, Oct 22 (Reuters) - U.S. President Donald Trump on Wednesday imposed Ukraine-related sanctions on Russia for the first time in his second term, targeting oil companies Lukoil and Rosneft as his frustration grows with Russian President Vladimir Putin over the war.
Thu, Oct 23
Tesla profit falls short despite record sales, hit by higher costs and fading credits
Oct 22 (Reuters) - Tesla TSLA.O reported record third-quarter revenue that beat Wall Street estimates on Wednesday, driven by the highest quarterly sales of its electric vehicles as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month.
Thu, Oct 23
Oil extends gains after settlement on new sanctions on Russian oil companies
US imposes sanctions targeting Russia's largest oil companiesTrump to meet Chinese President Xi in South KoreaUS crude stocks, gasoline and distillate inventories fell last week, EIA saysBy Nicole Jao NEW YORK, Oct 22 (Reuters) - Oil prices extended gains after settlement on Wednesday after t...
Wed, Oct 22
CME beats profit estimates, eyes retail push
Cryptocurrency trading hits record with ADV surging to 340,000 contractsCEO Duffy highlights potential access to 13 million FanDuel accountsCME prepares for 24/7 crypto trading by 2026By Prakhar SrivastavaOct 22 (Reuters) - Derivatives exchange CME Group CME.O beat Wall Street estimates for third-qu...
Wed, Oct 22
Meta to cut around 600 roles in Superintelligence Labs AI unit
Oct 22 (Reuters) - Meta META.O is cutting around 600 positions out of the several thousand roles in its Superintelligence Labs, the Facebook owner said on Wednesday as it looks to make its artificial intelligence unit more flexible and responsive.The job cuts will affect Facebook Artificial Intellig...
Wed, Oct 22
GE Vernova beats profit estimates, warns weakness in wind business to persist
Tariff uncertainty likely to weigh on 2026 onshore revenueExpects 2025 wind unit revenue to decline in high-single digitsShares fall 9%By Katha Kalia Oct 22 (Reuters) - GE Vernova GEV.N warned on Wednesday that extended weakness in its onshore wind due to permit delays and tariff uncertainty is ...
Wed, Oct 22
Netflix's blockbuster run loses spark amid valuation jitters
Investors cautious about high valuation, subscriber growth detailsNetflix ventures into ads and games, faces competition, strategy shiftsAnalysts suggest buying Netflix dip amid rivals' price hikesBy Kritika Lamba and Kanchana Chakravarty Oct 22 - Netflix NFLX.O shares fell more than 10% on W...
Wed, Oct 22
Sweden and Ukraine eye export deal for up to 150 Gripen fighter jets
Zelenskiy meets Kristersson in SwedenLeaders visit Saab, maker of Gripen fighter jetCooperation deal could yield order for up to 150 GripensBy Simon Johnson LINKOPING, Sweden, Oct 22 (Reuters) - Sweden has signed a letter of intent that could see it supply up to 150 of its domestically produced G...
Wed, Oct 22
Ford recalls 1.4 million US vehicles over faulty rear-view cameras
Recall is latest in series of issues over rear camerasFord reached settlement with NHTSA in 2024 over delayed recallAutomaker also extending warranties on cameras to millions of other vehiclesBy David Shepardson WASHINGTON, Oct 22 (Reuters) - Ford F.N said on Wednesday it is recalling nearly 1.45...
Wed, Oct 22
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Britain increases oversight of Apple and Google in mobile
LONDON, Oct 22 (Reuters) - Britain on Wednesday moved to loosen the grip of Apple AAPL.O and Google GOOGL.O in smartphones by designating them as having "strategic market status", giving it the powers to demand the tech giants make specific changes to boost competition.The Competition and Ma...
Wed, Oct 22
