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German industrial output lowest since pandemic, exports exceed forecasts
Aug 7 (Reuters) - Germany's industrial output fell in June to its lowest level since the pandemic in 2020, extending last year's declines amid weakening foreign demand and increasing competition from China, while exports rose more than expected, data showed on Thursday.
Thu, Aug 7
Japan's Topix hits record high on easing US tariff worries, domestic firms' outlook
TOKYO, Aug 7 (Reuters) - Japan's Topix index closed at a record high on Thursday after worries about the impact of U.S. tariffs eased, and increased investor optimism about strong performance of domestic firms.
Thu, Aug 7
[Reuters Breakingviews] US punitive tariffs put India in a corner
By Una Galani HONG KONG, Aug 7 (Reuters Breakingviews) - A worst-case scenario for India on U.S. tariffs is now the base case. New Delhi called Donald Trump's decision on Wednesday to double the levy on the South Asian nation's goods to 50% because of its Russian oil purchases "extrem...
Thu, Aug 7
Trump says US to levy 100% tariff on imported chips, but some firms exempt
Trump says tariffs to exclude firms building in AmericaTSMC seen as likely to be exempt due to US factoriesSouth Korea says will have the most favourable levies100% tariffs would be devastating for Philippines - business leader Chip tariffs expected to affect China's SMIC and HuaweiBy Andrea Sha...
Thu, Aug 7
Japan's Topix hits record high on Wall Street rally, solid earnings
By Junko Fujita TOKYO, Aug 7 (Reuters) - Japan's Topix index touched a record high on Thursday, tracking strong overnight gains on Wall Street, while solid corporate earnings from domestic firms reinforced expectations of wage growth.The broader Topix .TOPX was up nearly 1% at 2,993.14, as of...
Thu, Aug 7
Bank of Korea governor says US trade deal removes 'huge burden'
SEOUL, Aug 7 (Reuters) - South Korea's trade deal with the U.S. will "take a huge burden off" monetary policymakers at their upcoming meeting later this month, the country's central bank governor said on Thursday. "I thought we would be in a difficult situation if things went wro...
Thu, Aug 7
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Trump says new tariffs to take effect at midnight
Aug 6 (Reuters) - U.S. President Donald Trump said on Wednesday night that new tariffs would take effect at midnight, in a post on his social media platform Truth Social.
Thu, Aug 7
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Trump's higher tariff rates hit goods from major US trading partners
Higher tariffs likely to impact global supply chains and inflationSeveral major trading partners secure reduced tariff ratesTariffs increase US federal revenues, further sectoral duties possible By David Lawder and Andrea Shalal Aug 7 (Reuters) - President Donald Trump's higher tariff rates o...
Thu, Aug 7
[Reuters Breakingviews] Trump's chip tariff exemptions offer false comfort
By Robyn Mak HONG KONG, Aug 7 (Reuters Breakingviews) - The world's biggest chipmakers have dodged a bullet, for now. Shares of Taiwan Semiconductor Manufacturing 2330.TW and Samsung Electronics 005930.KS rallied as much as 5% on Thursday after U.S. President Donald Trump said manufacturers l...
Thu, Aug 7
South Korean shares climb as chipmakers shrug off US tariff threat
SEOUL, Aug 7 (Reuters) - Round-up of South Korean financial markets:** South Korean shares rose on Thursday, as heavyweight chipmakers advanced despite U.S. President Donald Trump...
Thu, Aug 7
South Korea says Samsung, SK Hynix will not be subject to 100% US chip tariffs
SEOUL, Aug 7 (Reuters) - South Korea's top trade envoy Yeo Han-koo said on Thursday that Samsung Electronics 005930.KS and SK Hynix 000660.KS will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favourable U.S. tariff r...
Thu, Aug 7
Australia's Neuren Pharmaceuticals hits one-year high on DAYBUE sales jump
Shares of Neuren Pharmaceuticals NEU.AX rise as much as 8.4% to A$18.440, their highest level since August 2, 2024. The drug developer says its North American partner Acadia Pharmaceuticals ACAD.O posts Q2 net sales of $96.1 million for DAYBUE™ (trofinetide), up 14% from a year ago
Thu, Aug 7
Trump announces $100 billion new investment pledge from Apple
Apple brings total US investment commitment to $600 billionInvestment could help Apple sidestep potential iPhone tariffsAnnouncement helps Apple get on Trump's good side, analysts saidBy Andrea Shalal, Nandita Bose and Arsheeya Bajwa WASHINGTON, Aug 6 (Reuters) - President Donald Trump announ...
Thu, Aug 7
US Treasury yield spike in short span fuels speculation about cause
NEW YORK, Aug 6 (Reuters) - A spike in U.S. Treasury yields across the curve in the late morning session on Wednesday caused speculation about what was behind the move.
Thu, Aug 7
SoftBank's AI investment spree to be in focus on at Q1 earnings
TOKYO, Aug 7 (Reuters) - When Japan's SoftBank Group 9984.T reports earnings on Thursday, its mammoth investments in artificial intelligence companies are set to take the spotlight.
Thu, Aug 7
Bank of England, facing jobs-inflation dilemma, poised to cut rates
LONDON, Aug 7 (Reuters) - The Bank of England looks poised to cut interest rates for the fifth time in 12 months on Thursday but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves.
Thu, Aug 7
Japan not exempt from tariffs above 15%, Asahi Newspaper reports
TOKYO, Aug 7 (Reuters) - The United States will add 15% tariffs on all Japanese imports without applying exceptions for items that already have tariff rates above 15%, the Asahi newspaper reported on Thursday, citing an unnamed White House official.
Thu, Aug 7
Shopify delivers upbeat revenue forecast on resilient demand, shares surge
Q2 revenue tops Wall Street estimates with 31% riseExecutives say no slowdown or pull-forward in consumer demandMerchants have started to raise prices, CFO saysBy Deborah Mary Sophia Aug 6 (Reuters) - Shopify on Wednesday forecast upbeat quarterly revenue, saying there was no slowdown in consumer...
Wed, Aug 6
McDonald's global sales top estimates as affordable meal options boost demand
Promotions boost U.S., international market demandFoot traffic outpaces QSR segment, Placer.ai data showsAdjusted net income rises 7% to $2.29 billion in the quarterRe-engaging low-income consumer is critical, CEO saysBy Savyata Mishra Aug 6 (Reuters) - McDonald's MCD.N second-quarter global...
Wed, Aug 6
BREAKINGVIEWS-US-India standoff is about more than Russian oil
By Una GalaniHONG KONG, Aug 5 (Reuters Breakingviews) - The standoff between the U.S. and India may well get worse before it gets better. Having slapped a 25% tariff on goods the South Asian country sends to America, Donald Trump is vowing to ratchet up the rate over the $4 trillion economy's pu...
Wed, Aug 6
