News
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Japan index hits record high on earnings boost, other Asian markets ease
SINGAPORE, Aug 8 (Reuters) - Japanese shares surged on Friday after positive earnings reports and expectations the U.S. would remove overlapping tariffs on the country's goods, while shares were down in other Asian markets after a late retreat on Wall Street during the previous session.Reuters
Fri, Aug 8
China's SMIC says Trump tariffs did not cause expected 'hard landing'
BEIJING, Aug 8 (Reuters) - Semiconductor Manufacturing International Corp (SMIC) co-CEO Zhao Haijun said U.S. President Donald Trump's tariff policy had not resulted in the "hard landing" that China's top foundry was initially worried about, during an earnings call on Friday.Despite ...Reuters
Fri, Aug 8
Wall Street mixed as oil prices decline for 6th session
NEW YORK/LONDON, Aug 7 (Reuters) - Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a Ukraine ceasefire.Reuters
Fri, Aug 8
Trump administration will end $7 billion solar energy grant program
Aug 7 (Reuters) - The U.S. Environmental Protection Agency will end a $7 billion Biden-era grant program that sought to expand solar energy to low-income communities, Administrator Lee Zeldin said in a post on X on Thursday.Reuters
Fri, Aug 8
Trump tariffs split Japan Inc as Toyota cuts forecast while Sony, Honda raise
TOKYO, Aug 7 (Reuters) - U.S. President Donald Trump's tariffs are cleaving Japan Inc, as some big exporters like Toyota Motor slash their profit forecasts while Sony and Honda are among those saying the impact will be less than they had feared.Reuters
Fri, Aug 8
SoundHound AI Q2 revenue jumps 217%, beats expectations
OverviewSoundHound AI Q2 revenue rises 217% yr/yr, beating analyst expectations, per LSEG dataAdjusted EBITDA loss of $14.3 mln beats analyst estimatesCo raises full-year revenue outlook, reflecting confidence in growthOutlookSoundHound raises full-year 2025 revenue outlook to $160 mln - $178...Reuters
Fri, Aug 8
Weak US 30-year bond sale caps week of subpar Treasury auctions
NEW YORK, Aug 7 (Reuters) - The U.S. Treasury's sale on Thursday of new 30-year bonds amounting to $25 billion showed poor demand, wrapping up a week of disappointing auctions that resurrected doubts about investor demand in the world's largest fixed-income market.Reuters
Fri, Aug 8
Trump signs order broadening access for alternative assets in 401(k)s
Proponents say investors will have access to new assets with higher returnsCritics warn of increased risk and litigation concernsBlackRock plans new fund with private equity and credit assetsBy Isla Binnie and Nandita Bose WASHINGTON, Aug 7 (Reuters) - U.S. President Donald Trump signed an execut...Reuters
Thu, Aug 7
Oil falls on announcement of Trump-Putin meeting
Oil prices have fallen over 9% the last weekOPEC+ to raise oil production by 547,000 barrels per day in SeptemberInvestors cautious after Trump tariffs on IndiaBy Stephanie Kelly NEW YORK, Aug 7 (Reuters) - Oil prices dropped on Thursday for a sixth consecutive session after the Kremlin said Russ...Reuters
Thu, Aug 7
CORRECTED-Toyota warns of $9.5 billion tariff hit, slashes annual profit forecast
Toyota forecasts 16% fall in full-year operating profit Japanese automakers face pressure from US import tariffsToyota plans new vehicle factory in JapanToyota shares fall 1.5% after earningsBy Daniel Leussink TOKYO, Aug 7 (Reuters) - Japan's Toyota Motor 7203.T said on Thursday it expected ...Reuters
Thu, Aug 7
Tug of War Behind the 4% Rate: Bank of England’s First Dual-Round Vote Exposes Deep Policy Rift
TradingKey - At noon local time, the Bank of England (BoE) announced a 25 basis-point rate cut, bringing the benchmark interest rate down to 4%. This marks the fifth cut in the current easing cycle.TradingKey
Thu, Aug 7
Japanese Auto Giants Suffer in Q1: Honda's Profit Halves, Toyota Lowers Annual Profit Outlook, Shares Drop
Honda's operating profit plummeted by 49.6% and net profit fell by 50.2%, both missing expectations. Toyota saw an 11% decline in operating profit and a 37% drop in net profit, which was above estimates, yet the company still lowered its annual profit forecast.
TradingKey
Thu, Aug 7
Global stocks rise on Ukraine ceasefire hopes, Fed cut bets; pound rises after BoE
LONDON, Aug 7 (Reuters) - Global equities rose on Thursday, with Japanese shares hitting a record high, as upbeat earnings, growing hopes for a ceasefire in Ukraine and expectations for U.S. rate cuts boosted sentiment.Reuters
Thu, Aug 7
Pound jumps, UK bond prices fall after 'razor-edge' BoE vote on rates
Aug 7 (Reuters) - The pound rallied and UK stocks and bond prices tumbled on Thursday after the Bank of England cut interest rates as expected, although concern over inflation among its policymakers stirred up unprecedented division.Reuters
Thu, Aug 7
Disputes Emerge Over U.S.-Japan Trade Deal as Tokyo Slams “Last-Minute Add-Ons,” Trump Responds Firmly
TradingKey – Two weeks after the U.S. and Japan reached a trade agreement, disputes over key details have surfaced. On August 7, Japan’s chief negotiator Ryo Akazawa stated that the U.S. intends to impose a 15% tariff on Japanese goods in addition to existing dutiesTradingKey
Thu, Aug 7
UK stocks, bond prices fall after narrow BoE vote on rates
Aug 7 (Reuters) - British government bond yields rose and stocks fell on Thursday after the Bank of England cut interest rates by 25 basis points as expected, but inflation fears meant four of its nine policy makers voted to keep rates on hold.Reuters
Thu, Aug 7
PRECIOUS-Safe-haven gold drifts higher on tariff turmoil, Fed cut hopes
Trump's higher tariff rates hit goods from major US trading partnersTraders see 93% chance of Fed rate cut in SeptemberFed needs to respond to slowing US economy, says KashkariUS dollar By Sherin Elizabeth Varghese Aug 7 (Reuters) - Gold edged higher on Thursday as renewed trade tensions spar...Reuters
Thu, Aug 7
