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Asia crude oil imports surge in August, but is it demand or prices?
DARWIN, Australia, Sept 2 (Reuters) - Asia's imports of crude oil rebounded in August as heavyweight buyers China and India bought more crude from top exporters in the Middle East.
Tue, Sep 2
Japan government bonds hold steady ahead of debt auction, BOJ remarks
By Rocky Swift TOKYO, Sept 2 (Reuters) - Japanese government bonds held steady on Tuesday ahead of a 10-year debt auction and comments from Bank of Japan (BOJ) Deputy Governor Ryozo Himino.Benchmark 10-year JGB futures 2JGBv1 rose 0.02 yen to 137.32. Most cash bonds had yet to trade in the mornin
Tue, Sep 2
Trump says India offered to reduce tariffs on US goods to zero
Trump calls US-India trade relationship 'one sided'Modi attends China summit with Xi and PutinBeijing seeks to mend ties with New Delhi at summit WASHINGTON, Sept 1 (Reuters) - U.S. President Donald Trump said on Monday that India has offered to reduce its tariffs on U.S. goods to zero, e...
Tue, Sep 2
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Tesla's sales rout in some European markets extends to eighth month
Tesla sales fall in August in France, Sweden, Denmark, Netherlands, ItalySales rise in Norway and Spain but by much less than BYD'sTesla's lineup relatively small and ageingA consumer backlash against CEO Musk has also hurt salesBy Nick Carey and Amir Orusov LONDON, Sept 1 (Reuters) - Te...
Tue, Sep 2
Trump's World Liberty token falls in first day of trading
NEW YORK, Sept 1 (Reuters) - The digital tokens backing the Trump family's cryptocurrency venture, World Liberty Financial, fell in value on Monday in their first day of trading.The World Liberty tokens, known as $WLFI, were sold to investors after the Trump family and its business partners last...
Tue, Sep 2
Fed should be independent but has made mistakes, Treasury Secretary Bessent says
Bessent defends Trump's right to fire Cook over mortgage fraud allegationsBessent urges quick Senate confirmation of Stephen MiranBessent on market reaction to criticism of Fed: 'We haven't seen anything yet'By Jeff Mason and Andrea Shalal ARLINGTON, Virginia, Sept 1 (Reuters) - U...
Tue, Sep 2
Bessent expects Supreme Court to uphold legality of Trump's tariffs but eyes Plan B
Bessent says 1930 tariff law could be used if neededTreasury secretary plans to submit brief for solicitor generalUS appeals court on Friday ruled Trump's tariffs were illegalBy Andrea Shalal and Jeff Mason ARLINGTON, Virginia, Sept 1 (Reuters) - U.S. Treasury Secretary Scott Bessent on Monda...
Tue, Sep 2
Bessent says Trump administration will tackle high housing costs with new measures
By Jeff Mason and Andrea Shalal ARLINGTON, Virginia, Sept 1 (Reuters) - President Donald Trump's administration plans new measures to tackle the high cost of housing in the coming weeks, U.S. Treasury Secretary Scott Bessent told Reuters in an interview on Monday. Emphasizing the urgen...
Tue, Sep 2
Oil settles higher on weaker dollar and Russian supply disruptions
Zelenskiy vows more strikes deep inside RussiaDollar weakens ahead of US labor market reportChina manufacturing activity expands in AugustOPEC+ due to meet on September 7By Shariq Khan NEW YORK, Sept 1 (Reuters) - Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mount...
Mon, Sep 1
PRECIOUS-Gold trades near record highs on US rate cut bets; silver at 14-year high
Fed's Daly reiterates support for rate cut, given labour market riskSilver gains more than 2% to breach $40 mark, highest since 2011Platinum up 1.9%By Ishaan Arora and Brijesh Patel Sept 1 (Reuters) - Gold hit a more-than-four-month high on Monday to trade around $30 shy of all-time highs, bu...
Mon, Sep 1
British banks rebound slightly, analysts sceptical on tax plan
British banks are rebounding slightly on Monday as several analysts are out saying the sharp falls last week on worries about higher taxes were overdone.
Mon, Sep 1
Deutsche Bank puts India retail banking business up for sale, sources say
NEW DELHI/FRANKFURT, Sept 1 (Reuters) - Deutsche Bank DBKGn.DE is exploring the sale of its Indian retail banking assets and has invited bids from domestic and foreign lenders in the country, two sources told Reuters, making it the latest foreign bank to consider trimming its bets on India.
Mon, Sep 1
UK stocks advance on boost from precious metal miners, defence stocks
Sept 1 (Reuters) - London equities edged higher on Monday, with precious metal miners and defence stocks leading gains, while some positive corporate updates boosted sentiment.
Mon, Sep 1
Asia factory activity shrinks as US tariffs bite, China bucks trend
TOKYO, Sept 1 (Reuters) - U.S. tariffs took a toll on factory activity across Asia, overshadowing a surprisingly upbeat performance in China, private surveys showed on Monday, keeping pressure on policymakers to underpin the region's fragile economic recovery.
Mon, Sep 1
Indian shares rise on upbeat sentiment; IT leads gains on US rate cut hopes
Sept 1 (Reuters) - India's equity benchmarks rose on Monday as better-than-expected domestic economic data encouraged investors, while information technology stocks led gains after data from the U.S. kept alive hopes of a Federal Reserve rate cut in September.
Mon, Sep 1
METALS-Copper extends gains on tighter supply signs, softer dollar
By Lucas Liew Sept 1 (Reuters) - Copper prices rose further on Monday, buoyed by signs of tightening supply and a softer U.S. dollar.Three-month copper on the London Metal Exchange CMCU3 rose 0.24% to $9,926 per metric ton by 0229 GMT
Mon, Sep 1
Japan tech shares drag Nikkei to 3-week low as Advantest dives 9%
By Kevin Buckland TOKYO, Sept 1 (Reuters) - Japan's Nikkei share average slumped to a three-week low on Monday as chip-sector stocks tumbled, taking cues from a technology-led sell-off on Wall Street on Friday.The Nikkei .N225 dropped more than 2% to 41,849.82, as of the midday trading recess...
Mon, Sep 1
[Reuters Breakingviews] Donald Trump is weaker than he looks
By Hugo Dixon LONDON, Sept 1 (Reuters Breakingviews) - It is easy to fall into the trap of thinking that Donald Trump is all-powerful. The U.S. president has embarked on so many fights, and won quite a few of them, that it may seem like resistance is futile.For example, Trump has largely got his
Mon, Sep 1
India and China are partners, not rivals, Modi and Xi say
Xi, Modi discuss expanding trade and investmentModi says atmosphere of 'peace and stability' created on disputed Himalayan border Meeting between Asian rivals comes five days after punishing US tariffs on India take effectXi, Modi seek to present united front against Western pressureBy Lauri...
Mon, Sep 1
Japan's factory activity shrinks on falling export orders, PMI shows
TOKYO, Sept 1 (Reuters) - Japan's factory activity shrank in August on decreasing orders from overseas, a private sector survey showed on Monday, as the impact of U.S. tariffs began to squeeze the country's export-reliant manufacturing sector.The S&P Global Japan Manufacturing Purchasing...
Mon, Sep 1
