News
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India poised to sharply cut Russian oil imports after sanctions, sources say
U.S. imposes sanctions on Russian producers Rosneft, LukoilIndia is biggest buyer of seaborne Russian oil since Ukraine warRussian oil purchases a key Trump irritant in India trade talks Reliance plans to halt imports under Rosneft deal - sources By Nidhi Verma NEW DELHI, Oct 23 (Reuters) - India...Reuters
Thu, Oct 23
VW production continuing for now but chip uncertainty high
Production at Volkswagen's VOWG_p.DE main plant will proceed as planned during its next work week, despite the risk of shortages from a stand-off between China and the Netherlands over chipmaker Nexperia, a person familiar with the matter said.Reuters
Thu, Oct 23
Coffee Prices Hit Record High on Brazil’s Tariffs and Critical Supply Shortages
TradingKey - Driven by U.S. tariffs of up to 50% on Brazil and persistent drought conditions in Brazil, coffee prices have surged over 55% since their July lows, reaching a new all-time high on October 23. The sustained surge in coffee prices is primarily driven by mounting challenges in Brazil ...TradingKey
Thu, Oct 23
Europe aerospace firms team up in space to counter Musk
Airbus, Thales, Leonardo to pool satellite activities New venture to employ 25,000, generate 6.5 bln euros in revenueAirbus initially to hold 35%, Thales and Leonardo 32.5% eachPreliminary faces regulatory approval processBy Giulia Segreti and Tim Hepher ROME/PARIS, Oct 23 (Reuters) - Europe'...Reuters
Thu, Oct 23
Trump’s Policy Reversal on Russia: Sanctions on 2 Major Oil Firms Propel Crude Over 5%
TradingKey - On Wednesday, Eastern Time, the Trump administration announced new sanctions on Russia's two largest oil companies, aiming to pressure Russia into peace negotiations regarding Ukraine. This marks the first instance of direct economic pressure by the Trump administration on Russia concer
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Thu, Oct 23
Chinese vice commerce minister met Walmart executive over China procurement
China's vice commerce minister Sheng Qiuping met senior Walmart WMT.N executive Dan Bartlett on October 16, the commerce ministry said in a statement on Thursday, and encouraged the U.S. retail giant to expand its procurement in China.Reuters
Thu, Oct 23
As Tesla Q3 Profits Plunge 31%, Musk Warns: No Mega Pay Package, No Full Commitment
TradingKey - CEO Elon Musk is using the Q3 earnings window to pressure shareholders ahead of a crucial vote on his proposed $1 trillion pay plan, suggesting he needs greater stock control to drive Tesla’s next phase of growth.
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Thu, Oct 23
So What If IBM Beat? After-Hours Shares Plunge as Red Hat Slowdown Spooks Investors
TradingKey - On Wednesday, U.S. tech giant IBM released its third-quarter earnings report, surpassing Wall Street expectations on both revenue and earnings per share while raising its full-year free cash flow guidance — a significant positive.
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Thu, Oct 23
China confirms US trade talks to be held in Malaysia from Friday
BEIJING, Oct 23 (Reuters) - Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected flare-up in tension ahead of a key leaders' summit.Reuters
Thu, Oct 23
BOJ sees signs of overheating in Japan's stock market
TOKYO, Oct 23 (Reuters) - Japan's stock market is showing early signs of overheating, the central bank said on Thursday, warning of the risk that uncertainty over U.S. trade policy could cause sharp corrections and hit financial institutions.Reuters
Thu, Oct 23
UK Takes Action, CMA Officially Targets Apple and Google’s “App Dominance”
TradingKey - The UK Competition and Markets Authority (CMA) has formally designated Apple (AAPL.US) and Google’s parent company Alphabet (GOOGL.US) as having “strategic market status” in mobile operating systems, app stores, and web browsers.TradingKey
Thu, Oct 23
From AI to Qubits: Why Trump Is Positioning Quantum Computing as a Strategic Imperative
TradingKey - Following its investment in Intel, the Trump administration is now setting its sights on quantum computing — a field Wall Street has hailed as the greatest revolutionary breakthrough since humanity discovered fire. Given quantum computing’s immense strategic advantages in technology
Asian markets retreat as US weighs new trade curbs on China
SINGAPORE, Oct 23 (Reuters) - Asian stocks fell for a second day on Thursday as lacklustre earnings from tech megacaps deepened a selloff on Wall Street, while U.S. sanctions against Russia and possible new export controls on China revived geopolitical worries.Reuters
Thu, Oct 23
