News
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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 KualReuters
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...Reuters
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 withReuters
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 foReuters
Tue, Aug 5
Palantir Q2 Earnings: “Astonishing” AI Impact Drives Record Revenue — Is Its Sky-High Valuation Justified?
TradingKey - Palantir (PLTR), the AI and defense software powerhouse, delivered a standout second-quarter performance on Monday, August 4, reporting its first-ever $1 billion revenue quarter. Driven by what CEO Alex Karp called the “astonishing impact” of artificial intelligence, the company raised
TradingKey
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.Reuters
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...Reuters
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.Reuters
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.Reuters
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...Reuters
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 ...Reuters
Mon, Aug 4
Tesla Approves $29 Billion Stock Award for CEO Elon Musk, Shares Climb 2.4% Pre-Market
Tesla has approved the granting of 96 million shares to Elon Musk, valued at approximately $29 billion based on last Friday’s closing price of $302.63 per share. Tesla shares rose 2.4% in pre-market trading.
TradingKey
Mon, Aug 4
U.S. "Reciprocal Tariffs" Take Effect, Disney and AMD Set to Release Earnings Reports, Bank of England Poised to Cut Interest Rates【The week ahead】
TradingKey - Last week, all three major U.S. equity indexes posted losses, with the S&P 500 falling 2.4%, its worst weekly performance since May 23.
TradingKey
Mon, Aug 4
Citi Flips from Bear to Bull on Gold? New Upside Seen as Record Highs Come Into View!
TradingKey - Following recent U.S. economic data releases and the unexpected escalation in tariff rates, Citigroup has made a dramatic shift in its gold outlook — turning from a long-time bear to a bullish stance.
TradingKey
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 filingReuters
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
Reuters
Mon, Aug 4
