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Trump on track to meet Xi in South Korea, Bessent says
Trump, Xi meeting still expected, treasury secretary saysLines of communication are openUS-China have de-escalated tensions, Bessent says100% tariff does not have to happen, Bessent saysBy Susan Heavey, Doina Chiacu and Joe Cash WASHINGTON/BEIJING, Oct 14 (Reuters) - U.S. President Donald Trump r...
Tue, Oct 14
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Michelin drops 11% on 'far bigger than expected' guidance cut
Shares in Michelin MICP.PA fall around 11%, to their lowest price since December 2022, after bigger than expected guidance cut ** Deutsche Bank says the cut was "far bigger than expected," Jefferies also notes that it was the largest cut in six years** Group now sees 2025 operating in...
Tue, Oct 14
Gold hits record high on US rate cut bets; silver follows suit
Oct 14 (Reuters) - Gold prices climbed to a record high above $4,100 on Tuesday on increased U.S. Federal Reserve rate cut prospects, while resurgent U.S.-China trade woes boosted safe-haven bets, including those for silver, which also reached an all-time peak.
Tue, Oct 14
Gold hits record high on US rate cut bets; silver follows suit
Oct 14 (Reuters) - Gold prices climbed to a record high above $4,100 on Tuesday on increased U.S. Federal Reserve rate cut prospects, while resurgent U.S.-China trade woes boosted safe-haven bets, including those for silver, which also reached an all-time peak.
Tue, Oct 14
Xiaomi crash spotlights smartphone-on-wheels hype
Ford Motor F.N CEO Jim Farley's favourite rival is back under the spotlight. A fatal accident in the early hours of Monday involving one of Xiaomi's 1810.HK electric sedans erased as much as 9% of the $164 billion Chinese manufacturer's market value before it recovered somewhat.
Tue, Oct 14
Shanghai copper rebounds as US-China trade tensions ease
SHANGHAI, Oct 14 (Reuters) - Shanghai copper rebounded on Tuesday as fears of an escalation in U.S.-China trade tensions eased and investors refocused on mine disruptions and supply shortages.
Tue, Oct 14
Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply
Samsung Electronics 005930.KS on Tuesday said it expects its biggest quarterly profit in over three years, as the global race to boost production of AI chips has tightened supply and driven up prices of conventional memory chips, the tech giant's mainstay.
Tue, Oct 14
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New Zealand dollar hits six-month low, Aussie holds its ground
SYDNEY, Oct 14 (Reuters) - The New Zealand dollar touched a fresh six-month low on Tuesday as soft spending data underlined the need for further policy stimulus, while news from Australia was generally supportive of steady interest rates.
Tue, Oct 14
Google to invest $10 billion in data centre in South India
BENGALURU, Oct 14 (Reuters) - Alphabet Inc's GOOGL.O Google will invest $10 billion to set up a 1-gigawatt data centre in the southern Indian state of Andhra Pradesh, a state minister said.
Tue, Oct 14
Japan yield curve steepens as rivals vie to be country's next premier
TOKYO, Oct 14 (Reuters) - Investors bought short-dated Japanese government bonds and sold longer-dated securities on Tuesday as markets reopened after a long weekend and digested developments in the country's prime ministerial race.
Tue, Oct 14
Asian markets struggle for gains as Wall Street recovers
SINGAPORE, Oct 14 (Reuters) - Asian stocks made a tentative rebound in early trade on Tuesday, with an uneven recovery taking place across regional equity markets after signs that trade negotiations between the U.S. and China remain on track.
Tue, Oct 14
Rio Tinto says strong year-end iron ore push needed as China demand surges
Q3 iron ore shipments miss analyst expectationsOyu Tolgoi ramp-up boosts copper outputSecond straight record quarter of bauxite production Oct 14 (Reuters) - Rio Tinto RIO.AX, RIO.L said on Tuesday it needs a strong year-end finish to meet its iron ore shipment target, even as Chinese demand gath...
Tue, Oct 14
Wall Street ends sharply higher on Trump China comments; Broadcom surges
Oct 13 (Reuters) - Wall Street's main indexes ended sharply higher on Monday, led by gains in Broadcom and other chipmakers, after President Donald Trump struck a conciliatory tone about renewed U.S.-China trade tensions, easing investor worries.
Tue, Oct 14
US, China to roll out tit-for-tat port fees, threatening more turmoil at sea
BEIJING/LOS ANGELES, Oct 14 (Reuters) - The United States and China on Tuesday will begin charging port fees on ocean shipping firms that move everything from holiday toys to crude oil, making the high seas a key front in the trade war between the world's two largest economies.
Tue, Oct 14
Honeywell expects record business jet deliveries over next decade
Oct 13 (Reuters) - Aerospace supplier Honeywell HON.O said on Monday it expects record deliveries of new business jets over the next decade, providing the latest sign that demand for private air travel, which surged during the COVID-19 pandemic, is holding up.
Tue, Oct 14
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Global smartphone shipments rise in third-quarter on AI-driven upgrades
Oct 13 - Global smartphone shipments grew 2.6% in the third quarter this year, fueled by strong consumer demand for premium and AI-enabled devices, according to preliminary data from the International Data Corporation on Monday.
Tue, Oct 14
JPMorgan says leveraged ETFs worsened Friday's Wall St selloff
Oct 13 (Reuters) - Large-scale selling of leveraged exchange-traded funds contributed significantly to Friday's U.S. stock market rout, according to a report published late on Sunday by JPMorgan's JPM.N Americas equities derivatives strategy team.
Tue, Oct 14
Oil settles higher as US, China try to de-escalate trade tensions
Brent and WTI rebound from 5-month lowsTrump and Xi on track to meet in late October, US Treasury Secretary saysChina September crude imports rise 3.9% on yearHamas releases last living Israeli hostages in GazaBy Shariq Khan NEW YORK, Oct 13 (Reuters) - Oil prices rose on Monday after assurances ...
Mon, Oct 13
WRAPUP 21-Trump declares end of Gaza war as last Israeli hostages swapped for Palestinian detainees
LATEST DEVELOPMENTS:Trump signs document with mediators Egypt, Turkey, QatarHamas hands over four coffins of deceased hostagesBy Nidal al-Mughrabi and Maayan Lubell CAIRO/JERUSALEM, Oct 13 (Reuters) - Hamas freed the last living Israeli hostages from Gaza on Monday under a ceasefire deal and Isra...
Mon, Oct 13
Microsoft, SoftBank in talks for $2 billion investment in UK's Wayve, FT reports
Oct 13 (Reuters) - British autonomous driving technology group Wayve is in talks with Microsoft MSFT.O and SoftBank 9984.T to raise up to $2 billion in funding, which could value the firm at about $8 billion, the Financial Times reported on Monday, citing sources. This comes after Nvidia NVDA.O h
Mon, Oct 13
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