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US Banks: BofA and MS rise after Q3 results
Shares of BAC up 4.2% in premarket trading after Q3 results
Wed, Oct 15
Lilly's weight-loss pill shows better blood sugar control in late-stage trials
Oct 15 (Reuters) - Eli Lilly's LLY.N experimental weight-loss pill showed superior blood sugar control in diabetic patients across two late-stage trials, the company said on Wednesday, as it seeks to widen its lead in the rapidly growing market for GLP-1 drugs.The oral drug, orforglipron, is des...
Wed, Oct 15
Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say
WeRide hires Morgan Stanley, CICC for Hong Kong listingIts market value stands at $2.9 billion, shares down 25% this yearWeRide partners with Grab, Uber for autonomous vehicle servicesCompany hopes to complete HK listing in December, sourcesBy Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG, Oct ...
Wed, Oct 15
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Norway proposes widening EV tax to include mass-market Tesla models
Norway plans to phase out EV tax exemptions by 2027Finance Minister Stoltenberg cites achievement of EV sales goalParliamentary negotiations needed for budget's approvalPro-EV lobby group wants staggered phase-outBy Terje Solsvik and Nora Buli OSLO, Oct 15 (Reuters) - Norway plans to eliminat...
Wed, Oct 15
Trump targets China cooking oil trade - but sales were already tanking
U.S. cooking oil imports from China dropped 65% this yearTrump's comments have minimal impact, traders sayChina shifts soybean purchases to Brazil, ArgentinaBy Kanishka Singh, Ella Cao and Joe Cash WASHINGTON/BEIJING, Oct 15 (Reuters) - U.S. President Donald Trump said he was considering term...
Wed, Oct 15
Stocks, FX bounce after US Fed signals rate cuts ahead
Emerging market stocks and currencies shook off recent pessimism on Wednesday after U.S. Federal Reserve Chair Jerome Powell's remarks increased hopes of lower interest rates, offsetting concerns about renewed trade tensions between Washington and Beijing.
Wed, Oct 15
Global AI rush helps ASML beat orders estimates, but China outlook dims
ASML expects significant fall in China demand next yearAnalysts disappointed by ASML's flat sales guidance for 2026ASML's Q3 net bookings slightly exceed analyst expectationsBy Nathan Vifflin and Toby Sterling Oct 15 (Reuters) - ASML ASML.AS, the world's biggest supplier of computer c...
Wed, Oct 15
Japan parliamentary committee fails to agree on Oct 21 PM vote, Jiji reports
TOKYO, Oct 15 (Reuters) - Japan's parliamentary scheduling committee failed to agree on holding a vote to select the next prime minister on Oct. 21, Jiji news agency reported on Wednesday.
Wed, Oct 15
Foxconn sees limited impact from China rare earths curbs for now
TAIPEI, Oct 15 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker, sees little impact for now from China's newly announced rare earths curbs, Chairman Young Liu said on Wednesday."If the ongoing restrictions continue to escalate tensions, it will imp...
Wed, Oct 15
Yuan firms on strong PBOC fixing despite US-Sino tensions
HONG KONG, Oct 15 (Reuters) - The yuan firmed against the U.S. dollar on Wednesday as Beijing signaled its commitment to currency stability despite mounting domestic economic pressures and simmering U.S.-China trade tensions.
Wed, Oct 15
China industry minister meets with Apple's Tim Cook
China's industry minister met with Apple CEO Tim Cook in Beijing on Wednesday, according to a statement released by the ministry.
Wed, Oct 15
Gold hits record high on Fed rate-cut bets, US-China trade woes
Gold rose to a fresh high just shy of the $4,200-per-ounce level on Wednesday, buoyed by rising expectations of further U.S. rate cuts, while renewed U.S.-China trade worries also boosted safe-haven demand.
Wed, Oct 15
Shares rebound, dollar eases as Fed cut bets reclaim spotlight
Global stocks clawed back losses on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.
Wed, Oct 15
China's sanctions against US-linked Hanwha units seen as warning gesture, analysts say
China's sanctions against five U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean 042660.KS are seen as a warning gesture without immediate impact, and Beijing is unlikely to gain much by expanding them, analysts said on Wednesday.
Wed, Oct 15
Deflationary pressures persist in China on weak demand, overcapacity
BEIJING, Oct 15 (Reuters) - Deflationary pressures persisted in China, with both consumer and producer prices falling in September, supporting t...
Wed, Oct 15
[Reuters Breakingviews] How to infer the method to OpenAI’s madness
NEW YORK, Oct 15 (Reuters Breakingviews) - Artificial intelligence teaches the bitterest of corporate lessons. Even as ChatGPT developer OpenAI’s models get better at avoiding obvious errors, the company’s finances seem ever more hallucinatory.
Wed, Oct 15
China takes steps against US-linked units of S.Korea shipbuilder Hanwha
By Liz Lee, Yukun Zhang and Heejin Kim BEIJING/SEOUL, Oct 14 (Reuters) - China announced sanctions on Tuesday against five U.S.-linked subsidiaries of South Korean shipbuilder Hanwha Ocean 042660.KS amid trade tension between the world's two largest economies, sending the company's shares...
Wed, Oct 15
Asia shares recover, dollar eases as Fed cut bets reclaim spotlight
SINGAPORE, Oct 15 (Reuters) - Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite.
Wed, Oct 15
Top South Korea officials to visit US for tariff talks amid hope for progress
SEOUL, Oct 15 (Reuters) - South Korea's industry minister and the chief presidential secretary for policy will travel to the United States on Thursday for follow-up talks on lowering tariffs applied to the Asian country's goods, the government said on Wednesday. South Korea's finance min...
Wed, Oct 15
China's annual consumer, producer prices remain negative in September
BEIJING, Oct 15 (Reuters) - China's consumer prices fell in September while producer deflation persisted, as prolonged domestic weakness and renewed trade tensions weighed on consumer and business confidence.
Wed, Oct 15
