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South Korea says China monopoly on rare earths increases supply chain instability
SEOUL, Oct 13 (Reuters) - South Korea's industry ministry said on Monday that China's near-monopoly on rare earths increases instability in global supply chains, adding that it will talk with Chinese authorities to support stable supplies of the key materials.
Mon, Oct 13
South Korean shares slide over 2% as US-China trade tensions resurface
SEOUL, Oct 13 (Reuters) - Round-up of South Korean financial markets:South Korea's shares fell more than 2% on Monday, weighed down by renewed trade tensions between the United States and China, the country's two largest trading partners, which reignited concerns over global economic stability.
Mon, Oct 13
Australia, NZ dollars rebound as tariff risk reconsidered
SYDNEY, Oct 13 (Reuters) - The Australian and New Zealand dollars regained some ground on Monday as investors speculated the latest salvoes in the U.S.-China trade war were more show than substance, though increased volatility looked set to be a feature near-term.
Mon, Oct 13
Asia shares off to shaky start, but Wall St futures bounce
SYDNEY, Oct 13 (Reuters) - Asian stocks got off to a rocky start on Monday after fresh broadsides in the U.S.-China trade war spooked markets with already stretched valuations, though there were signs risk sentiment had steadied with Wall Street futures bouncing.
Mon, Oct 13
Goldman Sachs sees medium-term gains for silver, warns of near-term risks
Oct 12 (Reuters) - Goldman Sachs said on Sunday that silver prices XAG= are likely to rise further in the medium term, driven by private investment flows similar to those boosting gold amid anticipated Federal Reserve rate cuts.
Mon, Oct 13
LG Energy Solution Q3 profit likely up 34% on US EV sales rush
US consumers rushed to buy EVs before $7,500 tax credit expired on September 30LGES Q3 operating profit beat market expectations based on preliminary figuresCompany has warned of slowdown in EV demand due to tax credit end, US tariffsBy Hyunjoo Jin and Joyce Lee SEOUL, Oct 13 (Reuters) - Battery ...
Mon, Oct 13
Wall St futures bounce as risk mood steadies, Asia still shaky
SYDNEY, Oct 13 (Reuters) - Asian stocks were set for a rocky start on Monday after fresh broadsides in the U.S. China trade war spooked markets with already stretched valuations, though there were signs risk sentiment had steadied with Wall St futures bouncing.
Mon, Oct 13
Moeve joins Shell's platform to scale sustainable jet fuel
LONDON, Oct 13 (Reuters) - Spanish energy company Moeve has become the first external supplier of sustainable aviation fuel to join Shell's blockchain-based platform for scaling SAF use, the oil major told Reuters after a deal was signed.
Mon, Oct 13
Revived US trade war set to knock China's stocks from lofty peaks
HONG KONG/SHANGHAI, Oct 13 (Reuters) - China stocks .SSEC are set to come under pressure on Monday as the renewed trade war between Washington and Beijing hits risk appetite and spurs profit-taking in a share market hovering near its highest level in a decade.
Mon, Oct 13
Trump tariff threat pushes oil to five-month low
HOUSTON, Oct 10 (Reuters) - Brent and U.S. crude futures fell more than $2 a barrel, or more than 3%, on Friday as U.S. President Donald Trump's threat to impose increased tariffs on China cast a shadow over the demand outlook in a market seen as oversupplied.
Mon, Oct 13
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
