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China's JD.com to buy Germany's Ceconomy in deal valuing it at $2.5 billion
Completion expected by first half of 2026Allows JD.com to expand outside ChinaCeconomy's brands and headquarters to remainNo compulsory redundancies for three yearsJD.com shares fall, Ceconomy shares jumpBy Matthias Inverardi and Matthias Williams DUESSELDORF, Germany, July 30 (Reuters) - JD....Reuters
4 minutes ago
New Mexico judge dismisses Alec Baldwin's 'malicious' prosecution suit in 'Rust' case
July 30 (Reuters) - A New Mexico judge has tossed out a misconduct lawsuit filed by actor Alec Baldwin against local prosecutors and sheriff's officials over their pursuit of criminal charges against him for the fatal 2021 shooting on the set of the Western movie "Rust." Judge Casey F...Reuters
26 minutes ago
OpenAI hits $12 billion in annualized revenue, The Information reports
July 30 (Reuters) - ChatGPT-maker OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, the Information reported on Wednesday citing a source. Reuters could not immediately confirm the report. OpenAI declined to comment. The figure impl...Reuters
29 minutes ago
China says it carried out law enforcement patrol around Scarborough shoal
HONG KONG, July 31 (Reuters) - China's coast guard on Thursday said it carried out law enforcement patrol in waters around the Scarborough shoal to "resolutely safeguard its sovereignty, maritime rights and interests". The Philippine embassy in Beijing did not immediately respond to a ...Reuters
31 minutes ago
Pakistan-US trade deal result in reduced tariffs for Pakistan, Pakistan government says
July 31 (Reuters) - A trade agreement reached between Pakistan and the U.S. will result in reduced tariffs on Pakistani goods imported by the U.S., Pakistan's government said in a statement on Wednesday.Reuters
37 minutes ago
JGBs fall ahead of BOJ decision
By Junko Fujita TOKYO, July 31 (Reuters) - Japanese government bonds fell in early trading on Thursday as investors awaited the central bank's policy statement and accompanying quarterly outlook report to gauge the pace of potential interest rate hikes.The 10-year JGB yield JP10YTN=JBTC rose...Reuters
43 minutes ago
Trump plans to sign executive orders imposing higher tariffs on countries without deals, Politico reports
WASHINGTON, July 30 (Reuters) - President Donald Trump plans to sign new executive orders on Thursday imposing higher tariff rates on several countries that have been unable to reach negotiated trade deals with the United States, Politico reported, citing a White House official.Reuters
45 minutes ago
South Korea says "Make America Shipbuilding Great Again" package key to reaching trade deal
SEOUL, July 31 (Reuters) - South Korean Finance Minister Koo Yoon-cheol said on Thursday that a shipbuilding partnership package dubbed "Make America Shipbuilding Great Again" was key to the agreement on tariffs between the U.S. and South Korea.The shipbuilding partnership worth about $150 b...Reuters
58 minutes ago
US made trade deals with Cambodia, Thailand on Wednesday, Lutnick says
WASHINGTON, July 30 (Reuters) - The United States has made trade deals with Cambodia and Thailand ahead of President Donald Trump's August 1 tariff deadline, U.S. Commerce Secretary Howard Lutnick said on Wednesday.Lutnick, who made the comments during an interview with Fox News' Sean Hannit...Reuters
an hour ago
Santos Achieves Major Pikka Phase 1 Milestone
July 31 (Reuters) - Santos Ltd STO.AX:SANTOS ACHIEVES MAJOR PIKKA PHASE 1 MILESTONEMILESTONE FOR ITS PIKKA PHASE 1 PROJECT WITH SAFE ARRIVAL OF KEY PROCESSING MODULES BY BARGE AT ALASKAREMAINING PROCESSING MODULES ARE BEING MOBILISED FROM PACIFIC NORTHWEST AND ARE SCHEDULED TO ARRIVE AT SITE DURING ...Reuters
an hour ago
Japan's 10-year bonds fall ahead of BOJ's decision
TOKYO, July 31 (Reuters) - Japanese government bonds fell in early trading on Thursday as investors awaited signs from the central bank on the pace for potential interest rate hikes. The 10-year JGB yield JP10YTN=JBTC rose one basis point (bp) to 1.565%. The five-year yield JP5YTN=JBTC rose 1.5 bps ...Reuters
2 hours ago
Samsung predicts gradual second-half recovery after Q2 chip profits plunge 94%
Chip profit slumps to 400 billion won from 6.5 trillion won a year earlier Samsung sees market gradually improving in second halfForecasts robust AI-driven demand backed by continued investment by major cloud service providersBy Heekyong Yang, Joyce Lee and Hyunjoo Jin SEOUL, July 31 (Reuters) - ...Reuters
2 hours ago
WRAPUP 2-Porsche, Aston Martin hike US prices as hopes for tariff sweeteners fade
Porsche, Aston Martin flag U.S. price hikesUS-EU trade deal imposes 15% tariffs, averts larger trade warMercedes, Porsche cool hopes of auto specific trade dealsBy Rachel More, Alessandro Parodi and Shashwat Awasthi BERLIN, July 30 (Reuters) - European luxury carmakers including Porsche PSHG_p.DE...Reuters
2 hours ago
Fed leaves rates steady despite Trump pressure, gives no hint of September cut
US central bank leaves policy rate in 4.25%-4.50% rangeTwo Fed governors dissent on policy decisionTrump has repeatedly demanded that Fed cut ratesBy Howard Schneider and Michael S. Derby WASHINGTON, July 30 (Reuters) - The U.S. central bank held interest rates steady on Wednesday and Federal ResReuters
2 hours ago
