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Canada's GDP rebounds in July after three months of contraction
July GDP grows by 0.2% led by goods-producing industriesAugust GDP likely to be flat but avoid a contractionGDP figures signals Canada might avoid a recessionBiggest drivers of July growth were mining, manufacturingBy Promit Mukherjee OTTAWA, Sept 26 (Reuters) - Canada's monthly gross domesti...
Fri, Sep 26
US stock index futures extend gains after August inflation data
Sept 26 (Reuters) - U.S. stock index futures extended gains on Friday, after an in-line inflation reading reinforced bets that the Federal Reserve may proceed with interest rate cuts this year.A Commerce Department report showed the Personal Consumption Expenditures index rose 2.7% in August on an a
Fri, Sep 26
FAA to ease Boeing 737 MAX production restrictions, WSJ reports
Sept 26 (Reuters) - The U.S. Federal Aviation Administration is set to ease its restriction on Boeing's 737 MAX production, the Wall Street Journal reported on Friday.
Fri, Sep 26
Britain says pushing for better outcome on US pharma tariffs
LONDON, Sept 26 (Reuters) - Britain on Friday said it was pressing the United States on pharmaceutical tariffs in hope of a beneficial outcome, after President Donald Trump said a new 100% tariff would apply to firms unless they build a manufacturing presence in the country.Trump said the tariffs wo
Fri, Sep 26
Wall Street futures mixed as investors brace for inflation data
Sept 26 (Reuters) - U.S. stock index futures were mixed on Friday, as investors awaited key inflation data that could sway bets on interest rate cuts, while also weighing the impact of fresh tariffs on a broad range of imported goods.
Fri, Sep 26
Trump signs order declaring TikTok sale ready and values it at $14 billion
Trump says China's Xi has said to go ahead with the dealDeal valued at $14 billion, Vice President JD Vance saysTrump says Michael Dell, Rupert Murdoch among investorsOracle, Silver Lake among owners of 50% share of TikTok US, sources sayBy Jeff Mason, Dawn Chmielewski and David Shepardson WA...
Fri, Sep 26
EU says it has 15% ceiling on US pharma tariffs
BRUSSELS, Sept 26 (Reuters) - The European Commission said on Friday it had secured a 15% ceiling on U.S. tariffs on pharmaceuticals, acting as an insurance policy for European companies. "The United States intends to promptly ensure that the tariff rate ... applied to originating goods of t...
Fri, Sep 26
Turkish Airlines completes deal to buy 225 Boeing planes after Erdogan-Trump talks
President Erdogan met Trump at White House on ThursdayState carrier recently bought minority stake in Air EuropaTurkish Airlines aims to raise fleet to 800 aircraft by 2033By Can Sezer and Daren Butler ISTANBUL, Sept 26 (Reuters) - Turkish Airlines THYAO.IS said on Friday it would order 75 Boeing...
Fri, Sep 26
PRECIOUS-Gold holds ground as Fed rate-cut bets fade, tariffs boost support
Trump slaps fresh tariffs on a broad range of importsU.S. economy grew faster than estimated in second quarterU.S. PCE data due at 1230 GMTPlatinum hovers near 12-year highBy Anmol Choubey Sept 26 (Reuters) - Gold steadied on Friday as U.S. data tempered expectations for further Federal Reserve r...
Fri, Sep 26
Asian currencies set for weekly losses; S.Korea shares slump
Sept 26 (Reuters) - Most Asian currencies were poised for weekly losses as the dollar strengthened and U.S. President Donald Trump's latest tariffs dampened risk sentiment, while South Korean shares fell nearly 3% on Friday on concerns over U.S. trade talks.
Fri, Sep 26
Rupee averts record low on cenbank intervention as tariff clouds darken
MUMBAI, Sept 26 (Reuters) - The Indian rupee managed to hold above its all-time low on Friday, supported by likely central bank intervention, even as steep U.S. tariffs on branded drug imports compounded lingering concerns over a hit to trade and foreign portfolio flows.
Fri, Sep 26
ByteDance to set up US company as part of TikTok restructuring, LatePost reports
BEIJING, Sept 26 (Reuters) - ByteDance will set up a new U.S. company as part of the restructuring of TikTok's U.S. operations, Chinese media outlet LatePost reported on Friday.
Fri, Sep 26
Japan to launch facility to support $550 billion investment under US trade deal
TOKYO, Sept 26 (Reuters) - Japan's finance ministry said on Friday that it will set up an investment facility at a state-owned development bank to support a $550 billion investment package agreed in Tokyo's tariff deal with Washington.
Fri, Sep 26
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Japan has most-favoured nation status for US pharmaceutical tariffs, Akazawa says
TOKYO, Sept 26 (Reuters) - Japan has secured the United States' most-favoured nation status on its tariffs on chips and drugs, Tokyo's trade negotiator Ryosei Akazawa said on Friday, after U.S. President Donald Trump announced new sector-specific tariff measures.
Fri, Sep 26
Stocks struggle as Trump slaps new tariffs, Fed cut bets unwind
SINGAPORE, Sept 26 (Reuters) - Asia shares got off to a shaky start on Friday after U.S. President Donald Trump unveiled a fresh round of punishing tariffs and as traders pared bets of sharp U.S. rate cuts following stronger-than-expected economic data.
Fri, Sep 26
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Oil set for biggest weekly gain in three months as Russia cuts fuel exports
Sept 26 (Reuters) - Oil prices edged up on Friday, on track to rise at their steepest rate since early June as Ukraine's attacks on Russia's energy infrastructure push Moscow to restrict fuel exports and close to cutting crude output.
Fri, Sep 26
Japan revises July real wages to show contraction from growth
TOKYO, Sept 26 (Reuters) - Japan revised real wages in July to a 0.2% fall from a previously reported growth of 0.5%, a labour ministry release showed on Friday.
Fri, Sep 26
Wall Street indexes finish lower, data raises uncertainty for rate-cut outlook
NEW YORK Sept 25 (Reuters) - U.S. stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.
Fri, Sep 26
Tesla urges Trump administration to keep vehicle emissions rules, climate finding
WASHINGTON, Sept 25 (Reuters) - Electric vehicle manufacturer Tesla TSLA.O urged the Trump administration not to repeal vehicle emissions standards or the long-standing U.S. finding that greenhouse gas emissions endanger human health.
Fri, Sep 26
Meta in talks to use Google's Gemini to improve ad business, the Information reports
Sept 25 (Reuters) - Meta META.O staffers have had discussions with Alphabet's GOOGL.O Google Cloud about the possibility of using its Gemini models to improve the Facebook parent's ad business, the Information reported on Thursday.
Fri, Sep 26
