News
Important Only
Musk's Tesla marks formal India entry with Mumbai launch event
By Dhwani Pandya and Aditi Shah July 11 (Reuters) - Tesla TSLA.O will open its first India showroom in Mumbai next week, having imported $1 million worth of cars and merchandise, marking its entry into the world's third-largest car market despite CEO Elon Musk's complaints about high impo...Reuters
Fri, Jul 11
LIVE MARKETS-New tariff drama jolts complacent markets
The markets got a jolt on Friday from what looked likely to be a dull summer day, when U.S. President Donald Trump took to the TV to inject fresh drama into his simmering trade wars and disrupted Wall Street's recent upward drift to record highs.Reuters
Fri, Jul 11
Google to discount cloud computing services for US government, FT reports
July 11 (Reuters) - Google will heavily discount cloud computing services for the United States government, in a deal that could be finalised within weeks, the Financial Times reported on Friday, amid President Donald Trump's efforts to implement sweeping measures to minimize federal spending.Th...
Reuters
Fri, Jul 11
Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others
Carve-outs expected for Canadian energy and fertilizers; USMCA goodsTrump says he may reconsider, depending on fentanyl flowsCarney says will protect Canadian workers and businessMarkets on edge as EU tariff rate awaitedBy Jeff Mason and Ismail Shakil WASHINGTON/OTTAWA, July 10 (Reuters) - U....Reuters
Fri, Jul 11
Myanmar junta chief asks Trump for sharp reduction in 40% tariff rate
July 11 (Reuters) - Myanmar's ruling military general has asked U.S. President Donald Trump for a reduction in the 40% tariff rate on his country's exports to the U.S. and is ready to send a negotiation team to Washington if needed, state media reported on Friday.In a response to a letter fr...Reuters
Fri, Jul 11
Stablecoin Drama: Ant Group Clarifies — The Market Gets It Instantly!
TradingKey - According to a Bloomberg report, Ant Group was planning to introduce Circle’s USDC stablecoin on its blockchain platform, as part of its broader strategy to bring more regulated crypto assets into its international business.
TradingKey
Fri, Jul 11
Nvidia CEO Huang to meet Trump before China trip, source says
WASHINGTON, July 10 (Reuters) - Nvidia NVDA.O CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the chip designer's head plans to visit China, according to a source familiar with the matter.The meeting with Trump comes as N...
Reuters
Fri, Jul 11
Fed's Waller reiterates data keeping July rate cut prospect alive
NEW YORK, July 10 (Reuters) - Federal Reserve Governor Christopher Waller reiterated his belief the central bank could cut interest rates at its policy meeting later this month. "We're just too tight and we could consider cutting the policy rate in July," Waller said at an event at the D...Reuters
Fri, Jul 11
Tesla to hold annual shareholder meeting in November as investor scrutiny mounts
July 10 (Reuters) - Tesla TSLA.O will hold its annual shareholder meeting on November 6, it said on Thursday, a day after a group of 27 investors urged the Elon Musk-led electric automaker to set a date, citing legal obligations.
Reuters
Fri, Jul 11
White House slams Powell over Fed finances, project cost overruns
July 10 (Reuters) - The White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had "grossly mismanaged" the central bank, chastising him for running a deficit and for extensive cost overruns for building renovatiReuters
Fri, Jul 11
US copper bounces after Trump sets a tariff date, but below peak
LONDON, July 10 (Reuters) - U.S. copper prices rebounded on Thursday after President Donald Trump said a 50% tariff would be imposed from August 1, but held below their record peak due to a glut of metal already in the United States and uncertainty over details.Reuters
Fri, Jul 11
Brazil's Lula pledges retaliation to Trump tariffs but keeps diplomacy open
BRASILIA, July 10 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said he wanted to find a diplomatic solution to U.S. President Donald Trump’s threat of 50% tariffs on Brazilian exports, but vowed to reciprocate like-for-like if they take effect on August 1.Reuters
Fri, Jul 11
Is the Weak Dollar Trend Reversing? De-Dollarization Continues — IMF Data Shows Decline in Dollar Reserves
TradingKey - Similar to the U.S. Dollar Index (DXY) posting its worst first-half performance in over half a century, data from the IMF’s latest COFER survey shows that the share of U.S. dollars in global official reserves has declined, while the euro and Swiss franc have gained ground.
Nvidia's Huang visits China for crunch talks as chip crackdowns escalate at home
Nvidia Corp. CEO Jensen Huang is set to meet with a key branch of the Chinese government in Beijing as the AI powerhouse pushes forward with its strategy to support China’s deep-learning ambitions.Cryptopolitan
Thu, Jul 10
