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REFILE-GLOBAL MARKETS-Shares steady, yen slides after US issues tariff letters
Japan and South Korea face 25% tariffs by August 1European shares flat as investors await trade deal Goldman Sachs lifts S&P 500 return forecasts Aussie dollar rises as RBA keeps rates on holdBy Rocky Swift and Johann M Cherian TOKYO, July 8 (Reuters) - Global stocks were flat to marginally h...Reuters
Tue, Jul 8
Meta’s Mega Millions Payday Sparks Talent Quake: Apple’s Top AI Executive Ruoming Pang Jumping Ship
TradingKey - Bloomberg and multiple international media outlets reported that Ruoming Pang, a key Apple executive responsible for foundational model development in the company’s AI division, is set to leave and join Meta’s so-called “Superintelligence Lab,”.
TradingKey
Tue, Jul 8
Australia's central bank stuns markets by passing up chance to cut rates
RBA holds rates at 3.85% despite market expectations for a cutAustralian dollar rises, bond futures fall after RBA decisionMarkets now favour rates bottoming at 3.10%, rather than 2.85%Treasurer Chalmers notes disappointment, cites progress on inflationBy Stella Qiu and Wayne Cole SYDNEY, July 8Reuters
Tue, Jul 8
Dow Jones Futures attempt to recover losses as Trump delays tariff implementation
Dow Jones Futures move sideways ahead of the opening on Tuesday, trading around 44,680, up by 0.01%. Meanwhile, S&P 500 Futures were up 0.08% at around 6,280, recovering some of the previous session’s losses. Nasdaq 100 Futures led the gains, rising 0.28% to trade near 22,950 during the European houFxstreet
Tue, Jul 8
Japan vows to seek U.S. auto tariff concessions in trade talks
Japan's top trade negotiator says held phone talk with LutnickJapan, US trying to agree on package of measures, Akazawa saysJapan won't sacrifice agriculture for early dealYen slumps on receding expectations of near-term BOJ rate hikeJuly 20 election may complicate trade negotiation outcomeB...Reuters
Tue, Jul 8
Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to 14 nations
Trump extends negotiating deadline to August 1Stocks drop on tariff newsNew US tariffs debut, from 25% on Tunisia to 40% on Laos Treasury secretary says inbox full of trade offers Trump threatens BRICS nations with additional tariffsBy Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BR...Reuters
Tue, Jul 8
Vietnam, China agree to boost trade ties as Trump tariffs hit
HANOI, July 8 (Reuters) - Vietnamese Prime Minister Pham Minh Chinh and China's Premier Li Qiang have agreed to boost trade and investment ties between the two countries during a meeting on the sidelines of the BRICS summit in Brazil, Vietnam's government said on Tuesday.Reuters
Tue, Jul 8
South Korea trade minister seeks reduction in auto, steel tariffs
SEOUL, July 8 (Reuters) - South Korea's Trade Minister Yeo Han-koo said exemptions or reductions in auto and steel tariffs must be included in a trade deal with the U.S. in a meeting with U.S. Commerce Secretary Howard Lutnick, Seoul's trade ministry said on Tuesday.Reuters
Tue, Jul 8
BREAKINGVIEWS-CoreWeave’s $9 bln deal has a lot to live up to
By Robert Cyran NEW YORK, July 7 (Reuters Breakingviews) - When it comes to benefitting from the artificial intelligence boom, CoreWeave CRWV.O and Core Scientific CORZ.O are joined at the hip. Combining the two, which together provide data center infrastructure and sell computing power to AI dev...Reuters
Tue, Jul 8
Samsung flags big miss in Q2 profit, blames US AI chip curbs to China
Samsung sees Q2 profit at 4.6 trln won v 6.2 trln won analysts' estimateCompany blames miss on US curbs on AI chip sales to ChinaAnalysts cite delays in Samsung AI chip supply to NvidiaSamsung shares fall 0.2%By Heekyong Yang and Joyce Lee SEOUL, July 8 (Reuters) - Samsung Electronics 005930....Reuters
Tue, Jul 8
