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Intel struggles with key manufacturing process for next PC chip, sources say
Intel's 18A yield for Panther Lake chips has remained lowTimeline and newer tech risk failure, likened to 'Hail Mary' effortIntel's CFO optimistic about improvement by year-endBy Jeffrey Dastin and Max A. Cherney
Tue, Aug 5
Mazda forecasts nearly $1 billion profit hit from U.S. tariffs
TOKYO, Aug 5 (Reuters) - Mazda Motor 7261.T said on Tuesday it expects a 145.2 billion yen ($987.02 million) hit to its operating profit this business year due to U.S. import tariffs, as the Japanese automaker rolled out measures to cushion the impact.
Tue, Aug 5
Stocks rise on Fed rate cut hopes after disappointing jobs data
TOKYO/LONDON, Aug 5 (Reuters) - Global stocks rose for a second session on Tuesday and the U.S. dollar steadied as investors raised bets the Federal Reserve would act to prop up the world's largest economy.
Tue, Aug 5
Australia weighs price floor for critical minerals, boosting rare earths miners
Government will prioritise strategic projects like rare earthsPrice floor part of Australia's critical minerals reserve strategyLynas shares hit highest in 13 yearsBy Melanie Burton MELBOURNE, Aug 5 (Reuters) - Australia is considering setting a price floor to support critical minerals projec...
Tue, Aug 5
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Malaysian pharmaceuticals, semiconductors exempt from US tariffs, minister says
U.S. imposes 19% levy on Malaysian goods from August 8 No deal for rare earths supply to U.S., minister says Says Washington open to exempting cocoa, rubber, palm oilBy Danial Azhar and Ashley Tang KUALA LUMPUR, Aug 1 (Reuters) - The U.S. imposed a 19% tariff on imports from Malaysia, though Kual
Tue, Aug 5
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[Reuters Breakingviews] Trump’s degraded data is worse than book-cooking
By Gabriel Rubin WASHINGTON, Aug 4 (Reuters Breakingviews) - Donald Trump’s stance on Covid-19 turned out to be a prelude for his second term. The U.S. president, who in 2020 argued that “If we stopped testing right now, we'd have very few cases” of the coronavirus, is applying this logic to ...
Tue, Aug 5
Japan trade negotiator to visit US to press for swift implementation of auto tariff deal
Akazawa to ask U.S. to implement 15% auto tariffs as agreedTo confirm details of deal, including "no stacking" conditionSays no misunderstanding over Japan's $550 billion investment packageBy Makiko Yamazaki TOKYO, Aug 5 (Reuters) - Japan's top tariff negotiator Ryosei Akazawa sai...
Tue, Aug 5
[Reuters Analysis] Chinese firms set for record US listings, undeterred by geopolitics
Chinese US listings reach 36 in 2025; record 64 in 2024Domestic listing hurdles drive startups to US-listed SPACsProspect of high valuations offsets risk of increased oversightBy Samuel Shen and Selena Li SHANGHAI/HONG KONG, Aug 5 (Reuters) - A record number of Chinese companies are seeking a U.
Tue, Aug 5
South Korea pledges to help companies cope with higher US tariffs
South Korea seeks to boost short-term demand and tech developmentTrade deal with US sets tariffs at 15%, higher than baselineTrump may seek more concessions at planned summit with Korean leader LeeBy Jihoon Lee SEOUL, Aug 5 (Reuters) - South Korea will prepare measures to help companies cope with
Tue, Aug 5
JGBs rise as investors cover short positions after rally
By Junko FujitaTOKYO, Aug 5 (Reuters) - Japanese government bonds (JGBs) rose on Tuesday as investors bought the debt to cover short positions after prices rose sharply in the previous session. The 10-year JGB yield JP10YTN=JBTC fell four basis points (bps) to 1.465% even as an auction on the day fo
Tue, Aug 5
Shares in Asia rally, dollar lower against yen on Fed rate cut bets
TOKYO, Aug 5 (Reuters) - Shares in Asia rose for a second consecutive session and the U.S. dollar held most of its losses on Tuesday as investors increased bets the Federal Reserve will act to prop up the world's largest economy.
Tue, Aug 5
China's services activity growth hits 14-month high in July, S&P PMI shows
BEIJING, Aug 5 (Reuters) - China's services activity expanded at its fastest pace in 14 months in July, fuelled by stronger demand, including a rise in new export orders, a private-sector survey showed on Tuesday.The S&P Global China General Services PMI rose to 52.6 in July from 50.6 the pr...
Tue, Aug 5
Some in BOJ saw scope to hike rates if trade friction eases, June minutes show
TOKYO, Aug 5 (Reuters) - Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by U.S. tariffs eased, minutes of the bank's June meeting showed, a sign Tokyo's recent trade deal with Washington cleared a key hurdle for more hikes.
Tue, Aug 5
Indexes post biggest daily pct gains since May 27 in rebound from Friday selloff
NEW YORK, Aug 4 (Reuters) - All three major U.S. stock indexes scored their biggest daily percentage increases since May 27 on Monday as investors sought bargains after the previous session's selloff and ramped up bets for a September interest rate cut after Friday's weaker-than-expected jobs data.
Tue, Aug 5
Palantir lifts annual revenue forecast again as AI demand accelerates
Aug 4 (Reuters) - Palantir Technologies PLTR.O on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments.
Tue, Aug 5
Intel's credit rating downgraded by Fitch on demand challenges
Aug 4 (Reuters) - Fitch downgrading U.S. chipmaker Intel's credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a negative outlook to Intel's rating.
Tue, Aug 5
White House preparing order to fine banks for dropping customers for political reasons, WSJ reports
Aug 4 (Reuters) - The White House is preparing an executive order that would fine banks for dropping customers for political reasons, directing regulators to investigate potential violations of credit, antitrust, and consumer protection laws by financial institutions, the Wall Street Journal...
Tue, Aug 5
Oil falls as OPEC+ output hike adds to oversupply concerns
OPEC+ to raise output by 547,000 barrels per day in SeptemberGroup to discuss further hikes at next meetingTrump to raise tariffs on India over Russian oil purchasesBy Shariq Khan NEW YORK, Aug 4 (Reuters) - Oil prices fell to their lowest levels in a week on Monday after OPEC+ agreed to another ...
Mon, Aug 4
Tesla rises on 96 million share award to CEO Musk
** Shares of Tesla TSLA.O rise 2.5% to $310 premarket ** Co awards CEO Elon Musk 96 million shares of the company worth about $29 billion** Musk must pay Tesla $23.34 per share of restricted stock that vests, which is equal to the exercise price per share of the 2018 CEO Award, it said in the filing
Mon, Aug 4
Spotify rises after announcing subscription price increase for select markets
** Shares of music streaming platform Spotify SPOT.N rise 4% to $653 in premarket trading** SPOT to raise monthly price of its premium individual subscription in select markets from September** Price will rise to 11.99 euros ($13.86) per month from 10.99 euros in markets including South Asia, the Mi
Mon, Aug 4
