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Samsung set for highest Q3 profit in three years as AI demand lifts chip prices
SEOUL, Oct 13 (Reuters) - Samsung Electronics 005930.KS is expected to post its highest third-quarter profit since 2022, driven by higher memory chip prices supported by server demand as customers rebuild inventories, analysts' estimates showed.
Sun, Oct 12
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CDC walks back hundreds of firings as US shutdown persists
By Ahmed AbouleneinWASHINGTON, Oct 11 (Reuters) - In the second week of the U.S. government shutdown, the Centers for Disease Control and Prevention notified some 1,300 employees they would be laid off - then rescinded hundreds of those notices within hours, a person familiar with the matter said.Th...
Sun, Oct 12
Exxon restarts FCCU at Texas refinery, sources say
HOUSTON, Oct 10 (Reuters) - Exxon Mobil XOM.M restarted the gasoline-producing fluidic catalytic cracking unit on Thursday at its 612,000-barrel-per-day refinery in Beaumont, Texas, people familiar with plant operations said.
Sat, Oct 11
Trump threatens China with export controls on Boeing parts
Once big, Chinese orders are now a small part of Boeing's backlogFinancial effect of a ban would likely be relatively small for BoeingBoeing, China had reportedly been in talks for 500-jet dealBy Dan Catchpole and Steve Holland WASHINGTON, Oct 10 (Reuters) - The United States could impose exp...
Sat, Oct 11
White House lays off thousands of US government workers, blaming shutdown
WASHINGTON, Oct 10 (Reuters) - President Donald Trump on Friday blamed Democrats for his decision to lay off thousands of workers across the U.S. government as he followed through on his threat to cut the federal workforce during the government shutdown.
Sat, Oct 11
First Brands CEO James weighs resigning, FT reports
Oct 10 (Reuters) - First Brands Chief Executive Patrick James may step down from the bankrupt car parts maker as lenders push for his removal in the face of mounting losses on billions of dollars in debt, the Financial Times reported on Friday, citing people familiar with the matter.
Sat, Oct 11
Wall Street sells off as Trump hits China with more tariffs
NEW YORK, Oct 10 (Reuters) - Wall Street slumped on Friday after U.S. President Donald Trump escalated his trade conflict with China after Beijing tightened its rare earth restrictions.
Sat, Oct 11
Wall Street selloff raises worries about market downturn
NEW YORK, Oct 10 (Reuters) - Investor worries that Wall Street's record stock rally would soon fizzle loomed large on Friday after tariffs re-emerged as a market risk.
Sat, Oct 11
Trump, AstraZeneca announce US drug pricing deal at White House
WASHINGTON, Oct 10 (Reuters) - President Donald Trump unveiled a deal with UK-based drugmaker AstraZeneca AZN.L on Friday under which the company will sell some medicines at a discount to the government's Medicaid health plan in exchange for tariff relief...
Sat, Oct 11
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MIT refuses to accept White House terms for funding, other schools still mulling
Oct 10 (Reuters) - Massachusetts Institute of Technology President Sally Kornbluth on Friday said she "cannot support" a memo that the White House sent to nine elite U.S. universities last week detailing policies they should follow to get preferential consideration for federal funding.
Sat, Oct 11
Travel tech firm Navan eyes $6.45 billion valuation in US IPO
Oct 10 (Reuters) - Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the U.S. government shutdown.
Sat, Oct 11
WRAPUP 12-Gazans trek to ruined homes as Israeli forces pull back under ceasefire
LATEST DEVELOPMENTS:Gazans' joy tempered by shock as they eye remnants of homesTrump plans summit on Gaza during Egypt visit, Axios reportsHamas rejects any 'foreign guardianship' over GazaNext phase of plan envisages an international Board of PeaceBy Alexander Cornwell and Nidal al-Mugh...
Fri, Oct 10
Back to the future as France's Macron reappoints Lecornu as PM
Macron reappoints last PM to resolve political crisisHard left and far right angered by choiceCrisis denting economic growth, central bank chief warnsBy Elizabeth Pineau PARIS, Oct 10 (Reuters) - French President Emmanuel Macron reappointed Sebastien Lecornu as prime minister on Frida...
Fri, Oct 10
Trump's fresh tariff threats knock Europe stocks to weekly loss in last-minute slide
STOXX 600 down 1.2%Jyske Bank up after FY guidance hike ArcelorMittal down after GS downgrade Trump threatens 'massive increase' in China tariffsBy Amir Orusov and Pranav Kashyap Oct 10 (Reuters) - European shares tanked on Friday, erasing weekly gains in a last-minute slide as renewed t...
Fri, Oct 10
Canada posts surprise jump in job gains in September, unemployment rate unchanged
Canada's economy adds a net 60,400 jobs in SeptemberUnemployment rate unchanged at multi-year high of 7.1%Avg hourly wage of permanent employees up 3.6% annuallyBy Promit MukherjeeOTTAWA, Oct 10 (Reuters) - Canada's economy posted a surprise 60,400 net job gains in September, almost entirely...
Fri, Oct 10
Trump floats dropping Spain from NATO alliance
WASHINGTON, Oct 9 (Reuters) - U.S. President Donald Trump suggested on Thursday the NATO alliance should weigh throwing Spain out of its membership ranks over a dispute about the Western European nation's lagging military spending.Members of the U.S.-backed ...
Fri, Oct 10
China welcomes foreign investment and cooperation, vice premier says
BEIJING, Oct 10 (Reuters) - China welcomes multinational firms expanding investment and cooperation in the country, Vice Premier He Lifeng told representatives of foreign companies in Beijing on Friday, the official Xinhua news agency said.
Fri, Oct 10
Yen climbs as coalition cracks, gold shines bright
LONDON, Oct 10 (Reuters) - Breathless bulls took a break on Friday as record-setting stocks and gold prices dipped and the dollar headed for its best week in over a year after a run of falls for the yen and euro.
Fri, Oct 10
Trump proposes barring Chinese airlines from flying over Russia on US routes
Chinese airlines benefit from reduced flight time and fuel burn using Russian airspaceUS carriers have not been allowed to fly over Russia since 2022 Cargo-only flights not included in US proposal By David Shepardson and Lisa Barrington WASHINGTON, Oct 9 (Reuters) - The Trump administration on Th...
Fri, Oct 10
China tightens checks on Nvidia AI chips at major ports, FT reports
Oct 10 (Reuters) - China has intensified enforcement of its import restrictions on U.S. chips, including Nvidia's NVDA.O artificial intelligence processors, the Financial Times reported, as Beijing sharpens its focus on promoting home-grown semiconductor production.Chinese customs officials were...
Fri, Oct 10
