News
Important Only
Cryptocurrencies
China industry body warns against illegal fundraising risks involving stablecoins
SHANGHAI, July 10 (Reuters) - An industry body in China warned against illegal fundraising risks involving stablecoins amid a market frenzy over cryptocurrencies and digital assets. The Beijing Internet Finance Association said in a statement late on Wednesday that some unscrupulous institutions and...Reuters
Thu, Jul 10
Indices
US Dollar Index weakens below 97.50 on fresh tariff threats
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from near a two-week high to 97.30 amid tariff threats after US President Donald Trump unveiled a new round of tariff demand letters.Fxstreet
Thu, Jul 10
Other
Rubio makes first visit to Asia as Trump tariffs loom
Rubio aims to show Indo-Pacific a US priorityRubio seeks to strengthen US ties, counter China's influenceASEAN ministers express concern over global trade tensionsRubio to meet with Lavrov on ThursdayBy Daphne Psaledakis and David Brunnstrom KUALA LUMPUR, July 10 (Reuters) - U.S. Secretary of...Reuters
Thu, Jul 10
Other
Israel says defense systems are operating to intercept missile launched from Yemen
July 10 (Reuters) - The Israeli military said early on Thursday that it identified the launch of a missile from Yemen towards Israel and aerial defense systems are operating to intercept the threat.Reuters
Thu, Jul 10
Other
Russia confirms that Lavrov-Rubio meeting is in the works, TASS reports
July 10 (Reuters) - A meeting between Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio on the sidelines of the ASEAN foreign ministers' meeting is in the works, Russian Foreign Ministry spokeswoman Maria Zakharova said."I can confirm: such a meeting is being wor...Reuters
Thu, Jul 10
Cryptocurrencies
Bitcoin Breakout Alert — Price Turns Green as Bulls Step In
Bitcoin price started a fresh increase above the $108,500 zone. BTC is now up over 3% and showing positive signs above the $110,000 level. Bitcoin started a fresh increase above the $108,500 zone. The price is trading above $110,500 and the 100 hourly Simple moving average. There was a break above a...NewsBTC
Thu, Jul 10
Commodities
PRESS DIGEST-British Business - July 10
July 10 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Seven housing developers have agreed to pay a total of 100 million pounds ($136 million) to affordable housing p...Reuters
Thu, Jul 10
Other
RPT-Indonesia, US tariff meeting goes positively, chief negotiator says
JAKARTA, July 10 (Reuters) - Indonesia's meeting with United States Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington on the looming tariffs went "positively," its chief negotiator Airlangga Hartarto told Reuters on Thursday.Southeast Asia's larg...Reuters
Thu, Jul 10
Economic Indicator
US President Donald Trump sets 50% tariffs on copper, effective August 1 - Reuters
US President Donald Trump said Wednesday that the new 50% tariff on US copper imports, which he had announced the previous day, will take effect on August 1, per Reuters. The decision was made after he received a national security assessment.Fxstreet
Thu, Jul 10
Commodities
PRESS DIGEST- Financial Times - July 10
July 10 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Thames Water refuses to claw back bonuses despite government threats- UK set to hold minority stake in Sizewell C nuclear project- Rev...Reuters
Thu, Jul 10
Stocks
Australia's Echo IQ rises most in over one week on reseller agreement
** Shares of Echo IQ EIQ.AX rise 8.5% to A$0.255, their biggest intraday percent gain since July 1** The medical technology co enters into reseller agreement with U.S.-based medical software developer SARC MedIQ** Under agreement, SARC MedIQ to act as the reseller of EchoSolv AS to network of existi...Reuters
Thu, Jul 10
Stocks
GLOBAL MARKETS-Asia shares helped by Nvidia high as investors unfazed by Trump's tariff moves
Shares rise as investors look past Trump's tariffsTrump says 50% tariff on US copper imports, goods from Brazil to begin August 1Bitcoin holds near record highBy Rae Wee SINGAPORE, July 10 (Reuters) - Asian stocks rose slightly on Thursday, riding on optimism from Nvidia's brief rise to a...Reuters
Thu, Jul 10
Stocks
Japan's Nikkei slips as election, US tariffs weigh; Disco gains
By Rocky Swift TOKYO, July 10 (Reuters) - Japan's Nikkei share gauge slipped on Thursday, stalling ahead of the key 40,000 level, as trade frictions and an upcoming election weighed on investor sentiment.The Nikkei 225 Index .N225 lost 0.6% to 39,584.11 after two days of gains. The broader To...Reuters
Thu, Jul 10
Economic Indicator
Japan's wholesale inflation slows, relieves interest rate-hike pressure
June wholesale inflation hits 2.9%, matches forecastSlowdown due to falling fuel, metal product pricesFood prices continue to rise steadily on high rice costPrice pressure may moderate as U.S. tariff hit intensifiesBy Leika Kihara TOKYO, July 10 (Reuters) - Japan's annual wholesale inflation ...Reuters
Thu, Jul 10
Commodities
GRAINS-Corn, soybeans fall on US weather; wheat slips for fifth session
Corn falls, gives up last session's gains on favourable weatherWheat prices down as Northern Hemisphere harvest boost supplies By Naveen Thukral SINGAPORE, July 10 (Reuters) - Chicago corn futures slid on Thursday, falling for three out of four sessions, while soybeans lost more ground as for...Reuters
Thu, Jul 10
Stocks
INDIA STOCKS-Indian shares set for higher open on trade, earnings optimism
July 10 (Reuters) - India's stock benchmarks are poised to open higher on Thursday, supported by expectations of a trade deal with the United States and optimism over June-quarter corporate earnings.The Gift Nifty futures GIFc1 were trading at 25,558.5 points, as of 7:35 a.m. IST, indicating tha...Reuters
Thu, Jul 10
Other
Nine months in, Starbucks CEO faces tall order in turnaround
Niccol's initiatives include simplified menu and staffing increasesInvestors hesitant due to lack of financial targets and stock stagnationUnion criticizes new policies; Schultz supports Niccol's leadershipBy Waylon Cunningham July 9 (Reuters) - Starbucks CEO Brian Niccol earned a reputat...Reuters
Thu, Jul 10
Other
Indonesia, US tariff meeting goes positively, chief negotiator says
JAKARTA, July 10 (Reuters) - Indonesia's meeting with United States Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer in Washington on the looming tariffs went "positively," its chief negotiator Airlangga Hartarto told Reuters on Thursday.Southeast Asia's larg...Reuters
Thu, Jul 10
