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Apple dips after Trump slaps 25% tariffs on India
Shares of iPhone maker Apple AAPL.O drop as much as 0.72% to $209.75 premarket after U.S. President Donald Trump says tariffs of 25% to be imposed on India on August 1, versus 26% announced earlier
Wed, Jul 30
Wells Fargo lifts S&P 500 index target on easing tariff tensions, tax boost
July 30 (Reuters) - Wells Fargo Investment Institute raised its year-end target range for the S&P 500 index .SPX on Wednesday, citing improved investor sentiment following easing trade tensions and corporate tax benefits from President Donald Trump's tax and spending bill. The brokerage see...
Wed, Jul 30
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
Visa maintains annual net revenue growth forecast CEO McInerney sees no meaningful impact from tariffs Payments volume rises 8% year-on-year By Pritam Biswas and Ateev Bhandari July 29 (Reuters) - Visa V.N beat Wall Street estimates for third-quarter profit and revenue on Tuesday, as the global p...
Wed, Jul 30
Nissan takes a $535 million quarterly hit, as tariffs bite
By Daniel Leussink YOKOHAMA, Japan, July 30 (Reuters) - Embattled automaker Nissan 7201.T reported a $535-million quarterly loss on Wednesday, hit by U.S. tariffs, restructuring and lower sales volumes and said it would stop production at a plant in Mexico.Japan's third-largest automaker is i...
Wed, Jul 30
US cancelled meeting with Taiwan as China trade talks loomed, FT reports
July 30 (Reuters) - The U.S. cancelled a meeting with Taiwan's defence minister in June, highlighting concern that President Donald Trump is wary of supporting the island in ways that could harm U.S. relations with China, the Financial Times reported on Wednesday.Taiwan's Wellington Koo had ...
Wed, Jul 30
South Korea-US trade talks also include chips, batteries and biotech, Seoul official says
SEOUL, July 30 (Reuters) - South Korea, which is holding trade negotiations with the United States, is focusing on areas that can lead to mutually beneficial agreements, the policy chief of South Korea's presidential office, Kim Yong-beom, said on Wednesday. In addition to shipbuilding, South Ko...
Wed, Jul 30
JGB investors bide time before Fed, BOJ policy decisions
By Kevin BucklandTOKYO, July 30 (Reuters) - Japanese government bond yields were mostly flat on Wednesday amid sluggish trading as investors girded for monetary policy decisions from the U.S. Federal Reserve and Bank of Japan over the next 24 hours.The 10-year JGB yield JP10YTN=JBTC was flat at 1.55
Wed, Jul 30
EXCLUSIVE-Tesla signs $4.3 billion LGES battery deal, source says, reducing China reliance
LGES to provide Tesla with LFP batteries for energy storage systems from US factory -sourceTesla has been looking to reduce reliance on Chinese suppliers due to US tariffsLGES says supply contract to last from August 2027 to July 2030By Heekyong Yang and Hyunjoo Jin SEOUL, July 30 (Reuters) - Sou...
Wed, Jul 30
Japan's Nikkei treads water as central bank meetings, tariff deadline loom
By Kevin Buckland TOKYO, July 30 (Reuters) - Japan's Nikkei share average ended morning trade flat on Wednesday after spending most of the session slightly lower, as investors braced for a three-day period that will see policy decisions from the Federal Reserve and Bank of Japan, followed by ...
Wed, Jul 30
Lilly set for strong quarter after Novo profit warning
By Patrick Wingrove and Bhanvi Satija July 29 (Reuters) - Investors and analysts say they expect Eli Lilly LLY.N to report stronger quarterly sales and profit next week than Danish rival Novo Nordisk NOVOb.CO did on Tuesday, and are anxiously awaiting a full-year outlook and updates on an experim
Wed, Jul 30
US, China tariff truce holds for now but US says Trump has final say
Two days of 'constructive' trade talks end in StockholmTrump to decide whether to extend truce, US officials say China seeks reduction of US tariffs and tech export controlsChina aware of strong negotiating hand, analyst says Trump says he thinks he and Xi will meet by year-endBy David Lawde...
Wed, Jul 30
Oil prices rally on US pressure on Russia, trade deal optimism
Brent, WTI hit highest since June 20US to start impose tariffs and other measures on Russia ten days from today, Trump saysChina could face high tariffs if Beijing continued its Russian oil purchasesUS crude stockpiles rose by 1.54 million barrels last week - APIBy Nicole Jao NEW YORK, July 29 (R
Wed, Jul 30
Boeing's quarterly loss shrinks as jet deliveries rebound, but shares drop
Boeing ramps up 737 MAX production, stabilizing operationsBoeing says FAA will not certify 737 MAX 7 and 10 models until 2026Boeing faces supply chain disruptions, tariff pressuresBy Dan Catchpole and Shivansh Tiwary July 29 (Reuters) - Boeing's BA.N quarterly loss more than halved and was mu...
Wed, Jul 30
[Reuters Analysis] China stake in CK Hutchison port sale could ease Beijing pressure but US geopolitical risks remain
Deal underscores China-US battle for global maritime influenceChina pushing state shipping giant COSCO as investor, sources U.S. likely to oppose COSCO's involvement, analystRegulatory approval could take years, analysts By James Pomfret, Clare Jim and Davide Barbuscia HONG KONG/NEW YORK, Jul...
Wed, Jul 30
Gold ticks up with all eyes on US-China talks, Fed meeting
Fed likely to leave rates unchanged on WednesdayBullion hit its lowest level in nearly three weeks on MondayBy Sherin Elizabeth Varghese July 29 (Reuters) - Gold prices edged higher on Tuesday as investors awaited the outcome of U.S.-China trade talks and the Federal Reserve's policy meeting....
Tue, Jul 29
Britain warns Israel it will recognise Palestinian state as Gaza starvation spreads
UNITED NATIONS/LONDON, July 29 (Reuters) - Britain said on Tuesday it would recognise a Palestinian state unless Israel takes steps to relieve suffering in Gaza, where starvation is spreading, and reaches a ceasefire in the nearly two-year war with Hamas.
Tue, Jul 29
Wall Street returns to work after Manhattan shooting that killed Blackstone executive
NEW YORK, July 29 (Reuters) - Bankers and traders returned to work on a somber Tuesday morning in Midtown Manhattan, New York's financial epicenter, one day after a shooting that killed four people, including a senior Blackstone BX.N executive.
Tue, Jul 29
US goods trade deficit shrinks in likely boost to second-quarter GDP
WASHINGTON, July 29 (Reuters) - The U.S. trade deficit in goods narrowed to the lowest level in nearly two years in June as imports fell sharply, cementing economists' expectations that trade likely accounted for much of an anticipated rebound in economic growth in the second quarter.
Tue, Jul 29
Royal Caribbean lifts annual profit forecast on steady cruise demand
By Anuja Bharat Mistry July 29 (Reuters) - Royal Caribbean RCL.N raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company also forecast current-quarter profit below estimate...
Tue, Jul 29
Spotify forecasts profit below estimate on high payroll taxes, shares sink
Spotify shares more than doubled in value in past 12 monthsCompany's premium subscribers up 12% in Q2More people are consuming video on the platform, says CEOBy Jaspreet Singh July 29 (Reuters) - Spotify SPOT.N forecast quarterly profit below estimate on Tuesday, as higher taxes related to em...
Tue, Jul 29
