News
Important Only
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
Thai finance minister 'a little surprised' by 36% US tariff rate
BANGKOK, July 8 (Reuters) - Thailand's Finance Minister expressed surprise on Tuesday at a U.S. decision to place a 36% tariff on Thai goods, despite last-ditch negotiation efforts.Finance Minister Pichai Chunhavajira told Channel 3 television a revised trade proposal from Thailand had not yet b...Reuters
Tue, Jul 8
Yen stumbles as Trump imposes 25% tariffs on Japan
Trump unveils 25% tariffs on Japan, South KoreaJapan's yen, South Korean won struggle to recover from lossesConcerns over global economic outlook persistRBA expected to cut rates on July 8By Rae Wee SINGAPORE, July 8 (Reuters) - The yen fell broadly on Tuesday while the dollar held steady as ...
Reuters
Tue, Jul 8
Tesla slides as Musk's 'America Party' heightens investor worries
July 7 (Reuters) - Tesla TSLA.O shares fell nearly 8% on Monday after CEO Elon Musk's plans to launch a new U.S. political party reignited concerns about his commitment to the company's future as it struggles with declining sales.Reuters
Tue, Jul 8
Wall St knocked lower by tariff jitters; Musk's political plan hits Tesla
July 7 (Reuters) - Wall Street's major indexes closed sharply lower on Monday, after U.S. President Donald Trump announced hefty tariffs against Japan, South Korea and other trading partners while Tesla shares sank after CEO Elon Musk said he was forming a new U.S. political party.Reuters
Tue, Jul 8
EU avoids US tariff letter, eyes concessions, EU sources say
BRUSSELS, July 7 (Reuters) - The European Union will not receive a letter from the United States setting out higher tariffs, EU sources familiar with the matter told Reuters on Monday, and is eyeing possible exemptions from the U.S. baseline levy of 10%.U.S. President Donald Trump began informing, iReuters
Tue, Jul 8
Apple's top AI executive Ruoming Pang leaves for Meta, Bloomberg News reports
July 7 (Reuters) - Apple's AAPL.O top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms META.O, Bloomberg News reported on Monday, citing people with knowledge of the matter.Pang, manager in charge of the company's Apple foundation...
Reuters
Tue, Jul 8
Oil rises as strong demand offsets big OPEC+ output hike
OPEC+ to raise output by 548,000 bpd in AugustGoldman expects a final 550,000 bpd OPEC+ hike for SeptemberUS higher tariffs to take effect on August 1By Arathy Somasekhar HOUSTON, July 7 (Reuters) - Oil rose 1% on Monday as signs of strong demand outweighed the impact of OPEC+ hiking output more ...Reuters
Mon, Jul 7
