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Trump administration seeks to negotiate with China on shipping as it pauses port fees
WASHINGTON, Nov 6 (Reuters) - The Trump administration said on Thursday it would pursue negotiations with China over its dominance of shipbuilding and ocean logistics as it formalized plans for a one-year pause on U.S. port fees on China-linked vessels as part of a broader deal to reduce trade tensi
Fri, Nov 7
Oil falls as investors weigh potential supply glut, weak demand
Global oil demand falls short of JPMorgan projectionsLow US refinery run rates show weak crude demand Saudi Arabia cuts December crude prices for AsiaInvestors weigh impact of Russia sanctions By Georgina McCartney HOUSTON, Nov 6 (Reuters) - Oil prices declined on Thursday as investors considered...
Thu, Nov 6
US sends first sorghum shipment to China, grains council chairman says
A shipment of sorghum was sent from the United States to China last week, Mark Wilson, chairman of the U.S. Grains and Bioproducts Council, said at the China International Import Expo in Shanghai on Thursday.
Thu, Nov 6
Gold firms on softer dollar, US government shutdown
Gold inched higher on Thursday as the dollar slipped from a four-month high and investors remained uncertain regarding the U.S. economic outlook amid a government shutdown.
Thu, Nov 6
Google to announce largest-ever investment plan for Germany, Handelsblatt reports
U.S. tech giant Google plans to present its largest-ever investment plan for Germany next week, business news outlet Handelsblatt reported on Thursday.
Thu, Nov 6
UK pre-budget blues and rate cut concerns pile pressure on pound
Traders are growing gloomy on the outlook for the pound, already at its lowest in months, concerned that a long-awaited budget this month will do little to boost Britain's growth prospects.
Thu, Nov 6
A Trump Supreme Court tariff defeat would add to trade uncertainty
The U.S. Supreme Court's tough questioning of President Donald Trump's global tariffs fueled increased speculation that they will be struck down, but raised the specter of additional chaos as he is widely expected to shift to other trade tactics in the wake of an adverse ruling.
Thu, Nov 6
US orders 10% flights cut at major US airports due to shutdown
FAA may take further steps if air traffic issues persistShutdown causes staffing shortages, flight delays, longer security wait timesAirlines scramble to adjust schedules amid flight cutsFAA exempts international flights from capacity reductionsBy David Shepardson and Rajesh Kumar Singh WASHINGTO...
Thu, Nov 6
Novo Nordisk trims outlook as obesity drug maker loses ground to Eli Lilly
COPENHAGEN, Nov 5 (Reuters) - Wegovy-maker Novo Nordisk NOVOb.CO trimmed its full-year forecasts on Wednesday as sales growth of its blockbuster obesity drugs slows, leaving investors worried the firm is losing ground to U.S. peer Eli Lilly LLY.N and copycat rivals.
Thu, Nov 6
US private payrolls rebound in October, ADP says
WASHINGTON, Nov 5 (Reuters) - U.S. private payrolls rebounded sharply in October, the ADP employment report showed on Wednesday.
Thu, Nov 6
Robinhood profit surpasses expectations as retail traders ride market momentum
Nov 5 (Reuters) - Robinhood Markets HOOD.O topped third-quarter profit estimates on Wednesday as retail traders shrugged off bubble fears, and the online brokerage announced the retirement of its longtime finance chief.
Thu, Nov 6
Lyft bets on global expansion, smaller cities focus to drive growth
Nov 5 (Reuters) - Lyft's LYFT.O foray into global markets and smaller U.S. cities will help fuel growth, the ride-hailing firm said on Wednesday, as it forecast upbeat bookings for the all-important holiday travel season.
Thu, Nov 6
Japan's services sector extends growth in October despite demand slowdown, PMI shows
TOKYO, Nov 6 (Reuters) - Japan's services sector extended its robust growth in October, despite the slowest growth in new orders in 16 months and a resurgence in inflationary pressures, a private-sector survey showed on Thursday.The S&P Global final Japan Services Purchasing Managers' In...
Thu, Nov 6
Japan's Nikkei climbs as Wall Street rebound restores risk appetite
TOKYO, Nov 6 (Reuters) - Japan's Nikkei share average climbed as much as 2% on Thursday, rebounding from steep losses in the previous session, as a strong overnight finish on Wall Street revived risk appetite and boosted investor sentiment. As of 0012 GMT, the Nikkei .N225 was up 1.6% at 51,025....
Thu, Nov 6
Stocks climb after upbeat earnings, economic data; Treasury yields jump
NEW YORK, Nov 5 (Reuters) - Major stock indexes gained on Wednesday as corporate earnings and U.S. private payrolls data were stronger than expected, while Treasury yields surged following the day's economic data.
Thu, Nov 6
Bessent says he is optimistic after Supreme Court hearing on tariffs
WASHINGTON, Nov 5 (Reuters) - U.S. Treasury Secretary Scott Bessent on Wednesday said he came away from a Supreme Court hearing on the legality of President Donald Trump's sweeping tariffs feeling "very, very optimistic."
Thu, Nov 6
Figma raises annual revenue forecast on strong design software demand
By Zaheer KachwalaNov 5 (Reuters) - Figma FIG.N raised its annual revenue forecast on Wednesday, banking on the collaborative design software provider's efforts to expand its product line-up and grow its user base.Shares of the company were up around 2.5% in extended trading. In a crowded market...
Thu, Nov 6
Qualcomm forecasts solid quarter but smaller Samsung business hits shares
SAN FRANCISCO, Nov 5 (Reuters) - Chip designer Qualcomm QCOM.O on Wednesday forecast quarterly sales and profit above market expectations as premium smartphone sales rebounded, but a possible loss of business next year from Samsung, a key customer, sent its shares down after hours.
Thu, Nov 6
Nvidia's Jensen Huang: 'China is going to win the AI race,' FT reports
Nov 5 (Reuters) - Nvidia CEO Jensen Huang has warned that China will beat the United States in the artificial intelligence race, the Financial Times reported on Wednesday."China is going to win the AI race," Huang told the newspaper on the sidelines of the Financial Times' Future of AI S...
Thu, Nov 6
Beijing lifts some tariffs on US farm goods but soybeans stay costly
China ends retaliatory tariffs on US agricultural products China keeps 10% tariffs on all US goodsChina diversifies soybean imports, cuts US relianceUS soy futures hit June 2024 high on hopes for salesBy Joe Cash, Ella Cao and Ethan Wang BEIJING, Nov 5 (Reuters) - China will suspend retaliatory t...
Wed, Nov 5
