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Shanghai stocks mark highest close in nearly four years on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for the third straight session on Wednesday, with the Shanghai benchmark posting its highest close in nearly four years, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.
Wed, Aug 13
India PM Modi likely to meet Trump in US next month, newspaper reports
NEW DELHI, Aug 13 (Reuters) - Indian Prime Minister Narendra Modi is likely to meet President Donald Trump during a visit to the United States next month to attend the UN General Assembly meeting, the Indian Express newspaper reported on Wednesday, citing sources. India's foreign ministry did no...
Wed, Aug 13
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[Reuters Analysis] US clean energy capacity growth gets slower but wider in 2025: Maguire
By Gavin MaguireLITTLETON, Colorado, Aug 13 (Reuters) - The pace of new capacity of U.S. solar, wind and battery systems has slowed nationally and in key states this year, hurting clean energy sector sentiment. But climate trackers can take heart from the continued growth outside Texas and Californi
Wed, Aug 13
Shanghai stocks hit over 3-1/2-year high on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for a third consecutive session on Wednesday, with the Shanghai benchmark hitting a more than 3-1/2-year high, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.** At the midday bre
Wed, Aug 13
JGBs fall after weakest auction in 5 years spurs sell-off
By Junko Fujita TOKYO, Aug 13 (Reuters) - Japanese government bonds dropped on Wednesday after a five-year bond auction drew the weakest demand in more than five years, triggering a wave of selling by investors.The five-year yield JP5YTN=JBTC rose 3 basis points (bps) to 1.070%. The 10-year JGB y
Wed, Aug 13
Japan's Nikkei tops 43,000 for first time ever, extends rally to sixth session
TOKYO, Aug 13 (Reuters) - Japan's Nikkei share average rose above 43,000 for the first time on Wednesday, with the broader Topix index also marking a fresh all-time high, tracking Wall Street's overnight gains and extending the rally into a sixth straight session.
Wed, Aug 13
Asian shares rise, dollar defensive after mild inflation data
TOKYO, Aug 13 (Reuters) - Stocks in Asia climbed and the U.S. dollar was subdued on Wednesday, as data showed both resilience in major economies and the need for central banks to remain accommodative.
Wed, Aug 13
CoreWeave revenue beats estimates on AI boom but shares fall on bigger loss
Aug 12 (Reuters) - CoreWeave CRWV.O easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell.
Wed, Aug 13
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes
NEW YORK, Aug 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.
Wed, Aug 13
Cava's shares crater after first annual sales growth target cut since IPO
Aug 12 (Reuters) - Shares of Cava CAVA.N dropped 21% in extended trading on Tuesday, after the Mediterranean restaurant chain lowered its annual same-store sales growth target for the first time since it listed on the New York Stock Exchange two years ago.
Wed, Aug 13
Electric vehicle sales growth eases to 21% in July, research firm says
Aug 13 (Reuters) - Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.
Wed, Aug 13
Trump rebukes Goldman's Solomon over bank's tariff research
Aug 12 (Reuters) - U.S. President Donald Trump hit out at Goldman Sachs GS.N CEO David Solomon on Tuesday, saying the bank had been wrong to predict U.S. tariffs would hurt the economy and questioned whether Solomon should lead the Wall Street institution.
Wed, Aug 13
Stablecoin issuer Circle falls after $1.5-bln-plus stock offering unveiled
Shares of stablecoin giant Circle Internet CRCL.N down ~6% in extended trading to $153 after equity offering news
Wed, Aug 13
WRAPUP 7-Ukraine, sidelined in Trump-Putin summit, fights Russian grab for more territory
EU leaders urge truce, right to Ukrainian self-determinationTrump's land swap proposal alarms Ukraine and EUPutin-Trump summit to be held at Alaska Air Force baseWhite House calls summit a "listening exercise"Russia makes big push in eastern Ukraine, open source data showsBy Andrew Osbor...
Tue, Aug 12
Oil prices dip as market awaits EIA report
US and China extend tariff pause to NovemberTrump-Putin talks on Friday cloud oil outlook OPEC upgrades 2026 oil demand growth forecastOil traders watching EIA report By Erwin Seba HOUSTON, Aug 12 (Reuters) - Oil prices dipped on Tuesday as traders awaited an inventory report from the U.S. Energy...
Tue, Aug 12
WRAPUP 4-Cheaper gasoline restrains US consumer prices; worries about data quality rise
Consumer price index increases 0.2% in JulyStrong gains in tariff-sensitive goods pricesCPI excluding food and energy rises 0.3%; up 3.1% year-on-yearBy Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices increased marginally in July, though rising costs for services such as airlin...
Tue, Aug 12
China cautions tech firms over Nvidia H20 AI chip purchases, sources say
Baidu, ByteDance, Tencent quizzed over their needs for H20 chip, sources sayChinese regulators say concerned over information risks - sourcesMove likely to complicate Nvidia efforts to boost China salesNvidia says H20 not military or government productU.S. lifted ban on H20 sale in China last month ...
Tue, Aug 12
Bullion markets breathe sigh of relief after Trump says gold will not face tariffs
Aug 11 (Reuters) - U.S. President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up in the ongoing global trade spat."Gold will not be Tariffed!" Trump said i...
Tue, Aug 12
South Korea's Lee, Trump to hold August 25 summit on security alliance, economy
Lee prioritises navigating global trade changes due to Trump's tariffsSummit to discuss strategic alliance, manufacturing and technology partnershipTrump may seek more concessions on defence costs and corporate investmentsBy Jack Kim and Joyce Lee SEOUL, Aug 12 (Reuters) - South Korean Presid...
Tue, Aug 12
Shopee-owner Sea beats quarterly revenue estimates
Aug 12 (Reuters) - Shopee-owner Sea Ltd SE.N topped market estimates for quarterly revenue on Tuesday, powered by strong growth at its e-commerce business, while its financial services and entertainment segments also saw robust demand.
Tue, Aug 12
