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Bumper orders for Xiaomi's new SUV heighten threat to Tesla
YU7 is only Xiaomi's second car, priced 4% lower than Tesla's Model YTesla expected to lose market share, may need to cut prices to fight backXiaomi's shares, on a tear this year, hit record high By Brenda Goh, Qiaoyi Li and Che PanSHANGHAI/BEIJING, June 27 (Reuters) - Exceptionally str...
Fri, Jun 27
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German long-term yields set for biggest weekly rise in four months amid fiscal spending boost
June 27 (Reuters) - German 30-year government bond yields were on track for their biggest weekly increase in nearly four months after rising this week on expectations of increased borrowing by Germany's government.
Fri, Jun 27
Japan private-sector rice imports soar in May
TOKYO, June 27 (Reuters) - Japan's private-sector rice imports rocketed higher in May as the country grapples with supply shortages that have become a major headache for both consumers and policymakers.Some 10,600 metric tons of so-called staple rice - which is consumed at meals as opposed to ri...
Fri, Jun 27
MORNING BID EUROPE-Stock markets opt for optimism
A look at the day ahead in European and global markets from Rae Wee.
Fri, Jun 27
SoftBank aims to become leading 'artificial super intelligence' platform provider
TOKYO, June 27 (Reuters) - SoftBank Group 9984.T CEO Masayoshi Son on Friday said he wants the Japanese technology investment group to become the biggest platform provider for "artificial super intelligence" within the next 10 years.
Fri, Jun 27
Chicago soybeans set for second weekly loss on favourable weather, supplies
BEIJING, June 27 (Reuters) - Chicago soybean futures were poised for a second consecutive weekly loss on Friday, pressured by favourable weather in the U.S. Midwest and abundant global supplies.
Fri, Jun 27
Nike plans to reduce reliance on China production for US market to soften tariff blow
Nike to reduce reliance on China for U.S.-bound productsFourth quarter sales fall less than expectedCompany's running category returns to growth, CFO saysNike has ramped up marketing spendingBy Juveria Tabassum and Helen Reid June 26 (Reuters) - Nike NKE.N said it would cut its reliance on pr...
Fri, Jun 27
[Reuters Analysis] Hawkish Fed could inflict markets' biggest 'pain trades': McGeever
ORLANDO, Florida, June 26 (Reuters) - As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won't – come together after July 9, when Washington's pause on its "reciprocal tariffs" exp...
Fri, Jun 27
[Reuters Breakingviews] Fed chair’s foes form a risky new Team Transitory
WASHINGTON, June 26 (Reuters Breakingviews) - U.S. Federal Reserve Chair Jerome Powell once tolerated what he deemed “transitory” inflation, only to see price rises spiral in the wake of the pandemic. He isn’t willing to make the same gamble again, despite political pressure to c...
Fri, Jun 27
Fed rate cut in July? Inside the US central bank, few takers
Barr, Collins, Daly, Goolsbee on Thursday all signal July is too soonFinancial markets align with view of September start to rate cutFed Chair Powell has said he wants to see more data before a moveBy Ann Saphir and Howard Schneider June 26 (Reuters) - President Donald Trump says that tame inflat
Fri, Jun 27
LIVESTOCK-CME cattle futures recover, though declining demand weighs
CHICAGO, June 26 (Reuters) - Chicago Mercantile Exchange cattle futures ended higher on Thursday after the U.S. Department of Agriculture reported lower red meat inventories, though concerns over waning demand from U.S. consumers and retailers limited gains, traders said.
Fri, Jun 27
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Xiaomi launches YU7, undercutting Tesla's Model Y on price
Xiaomi's YU7 SUV priced 4% below Tesla's Model Y in ChinaYU7 orders hit 200,000 in 3 minutesYU7's range of up to 835 km, compares with up to 719 km for Model YBy Qiaoyi Li, Che Pan and Brenda GohBEIJING, June 26 (Reuters) - Chinese EV and smartphone maker Xiaomi 1810.HK on Thursday pric...
Fri, Jun 27
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Bessent asks Congress to drop 'retaliatory' tax as Republicans struggle to rewrite bill
Trump expresses "hope" Congress will pass bill by July 4 holidaySenate Republicans face challenges with tax and health provisionsDemocrats criticize bill as benefiting wealthy AmericansRural hospitals warn of negative impact from provider tax cutsBy Bo Erickson, David Morgan and Andy Sulliva...
Fri, Jun 27
TREASURIES-Yields fall after data shows people staying longer out of work
By Tatiana Bautzer NEW YORK, June 26 (Reuters) - Yields on 2-year Treasury notes eased on Thursday morning after the Labor Department reported a slight fall in weekly jobless claims, but higher recurring claims indicated that more people are staying out of work for longer."You are starting to...
Thu, Jun 26
US STOCKS SNAPSHOT-S&P 500, Nasdaq open near record peak as Micron results boost chip stocks
June 26 (Reuters) - Wall Street's S&P 500 and Nasdaq indexes opened near a record high on Thursday as robust earnings from memory-chip maker Micron fueled optimism around artificial intelligence while investors assessed a slew of economic data.
Thu, Jun 26
H&M seeks to lure US shoppers as fast-fashion rivals hike prices due to tariffs
LONDON/STOCKHOLM, June 26 (Reuters) - H&M is trying to win shoppers from rivals in the United States by holding prices steady while Zara and Shein raise theirs, as U.S. tariffs disrupt the fast-fashion industry that relies on imports of low-cost clothes from China, Vietnam, and other Asian countries
Thu, Jun 26
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US first-quarter GDP revised lower on tepid consumer spending
WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration's aggressive tariffs on imported goods.
Thu, Jun 26
H&M second-quarter profit beats expectations despite cautious consumers
H&M second-quarter profit beats expectationsShares jump 7.5%Sales up 3% at start of third quarterH&M CEO says consumers are 'cautious'By Greta Rosen Fondahn and Helen Reid STOCKHOLM, June 26 (Reuters) - Swedish fashion retailer H&M HMb.ST reported slightly stronger second-quar...
Thu, Jun 26
Gold rises as weaker dollar, Trump's criticism of Powell fuel uncertainty
June 26 (Reuters) - Gold edged higher on Thursday, supported by a weaker dollar and growing uncertainty after reports suggested U.S. President Donald Trump was considering replacing Federal Reserve Chair Jerome Powell as early as September or October.
Thu, Jun 26
India's benchmarks on course for third day of gains; Reliance, financials rise
Nifty 50 .NSEI and Sensex .BSESN up 0.4%; heading for third consecutive session of gains. Weak U.S. dollar, Israel-Iran ceasefire relief drive investor optimism.
Thu, Jun 26
