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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
Intel approaches TSMC for investments or partnership, WSJ reports
Sept 25 (Reuters) - Chipmaker Intel INTC.O has approached Taiwan Semiconductor Manufacturing Company 2330.TW about investments in manufacturing or partnerships, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Fri, Sep 26
Costco tops quarterly estimates as Americans seek bargains amid inflation
Sept 25 - Costco Wholesale COST.O beat fourth-quarter revenue and profit estimates on Thursday, as Americans hunting for bargains flocked to the membership-only retail chain to snap up lower-priced essentials.
Fri, Sep 26
American Lithium raises Peru project's investment by 22% to $847 million
AREQUIPA, Sept 25 (Reuters) - American Lithium LI.V has raised its planned investment for the Falchani lithium project in Peru by 22% to $847 million, an executive said on Thursday, as it relaunches the project following a favorable court ruling that ended a legal dispute over its concessions.
Fri, Sep 26
Oil holds steady at multi-week high as Russia limits fuel exports, US GDP revised up
U.S. economic data tempers optimism for further Fed rate cutsOversupply concerns back in focus for fourth quarterRussia to introduce a partial ban on diesel exports until the end of the yearBy Nicole Jao NEW YORK, Sept 25 (Reuters) - Oil prices steadied on Thursday after hitting a seven-week ...
Thu, Sep 25
White House threatens sharp cuts in US workforce in shutdown standoff
Trump plans to fire federal workers if government funding stopsSenate Democrats demand funding bill reverse healthcare cutsLaw restricts spending during shutdown, except for critical functionsBy Bo Erickson, Courtney Rozen and Kanishka Singh WASHINGTON, Sept 25 (Reuters) - President Donald Trump&...
Thu, Sep 25
Starbucks closing stores, including iconic Seattle roastery, as CEO deepens restructuring
Overhaul hit flagship Seattle store, Chicago Ridge Avenue shopRestructuring to cost $1 billionN. America store count to drop by about 1% Job cuts to impact support teamsBy Juveria Tabassum and Waylon Cunningham Sept 25 (Reuters) - Starbucks SBUX.O said on Thursday it would close underperforming s...
Thu, Sep 25
Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption
By Anmol Choubey Sept 25 (Reuters) - Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine.The incident, which occurred on September 8, trapped workers underground d...
Thu, Sep 25
White House adviser Hassett cites enormous progress on China-US trade talks
WASHINGTON, Sept 25 (Reuters) - White House economic adviser Kevin Hassett on Thursday said the U.S. has made enormous progress on trade talks with China in the last few months but there is still work to do.
Thu, Sep 25
Gold rises on safe-haven demand, investors await US data
Sept 25 (Reuters) - Gold rose on Thursday as geopolitical and economic tensions heightened safe-haven demand, while investors awaited U.S. economic data for clues on the Federal Reserve’s monetary policy trajectory.
Thu, Sep 25
Amazon's grocery ambitions stumble in Britain
Amazon opened first store outside US in UK in 2021Said this week it would close all Amazon Fresh stores in UKTo focus on online deliveryBy James Davey LONDON, Sept 25 (Reuters) - When Amazon AMZN.O opened its first grocery store outside the United States in 2021, its choice of a site in west Lond
Thu, Sep 25
Silver miners gain as white metal prices edge higher
U.S.-listed shares of silver miners gain premarket, tracking rising prices of the white metal
Thu, Sep 25
[Reuters Breakingviews] EU bank stablecoin push is better late than never
BERLIN, Sept 25 (Reuters Breakingviews) - Nine European banks are not intimidated by the tiny size of the market for euro-based stablecoins. UniCredit CRDI.MI, ING INGA.AS and other European Union lenders say they want to launch such a “trusted payment standard” – cryptocurrenc...
Thu, Sep 25
Swiss National Bank keeps interest rate at zero, sees tariff hit to economy
SNB says Trump tariffs will hit Swiss economyCentral bank holds rates for first time in seven meetingsInflation has recently crept back into target rangeSNB chairman says prepared to cut rates again if neededBy John Revill ZURICH, Sept 25 (Reuters) - The Swiss National Bank held its benchmark int...
Thu, Sep 25
