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Reuters12 minutes ago
PRESS DIGEST- New York Times business news - October 14
Reuters13 minutes ago
EXCLUSIVE-PayPay valuation could exceed $20 billion in planned December US IPO, sources say
Reuters14 minutes ago
Scott Bessent accuses Beijing of trying to damage global economy - FT
GBP/JPY drifts lower amid notable JPY demand, holds above 202.50 ahead of UK jobs data
Reuters21 minutes ago
LG Electronics India soars 50% in blockbuster market debut, eclipses South Korean parent
Reuters23 minutes ago
Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply
Commodities
PRESS DIGEST- New York Times business news - October 14
Oct 14 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Patrick James, chief executive of First Brands, an auto-parts maker that filed for bankruptcy last month amid an uproar over its l...Reuters
12 minutes ago
Cryptocurrencies
EXCLUSIVE-PayPay valuation could exceed $20 billion in planned December US IPO, sources say
SoftBank gauging investor interest since mid-September, sources sayInvestors see 2 trillion yen as baseline valuation, sources say Investors' views vary on foreign expansion prospects, source saysBy Miho Uranaka and Echo WangTOKYO/NEW YORK, Oct 14 (Reuters) - Investors expect the valuation of Pa...Reuters
13 minutes ago
Other
LG Electronics India soars 50% in blockbuster market debut, eclipses South Korean parent
Reuters, Oct 14 - LG Electronics India LGEL.NS surged 50.4% in its trading debut on Tuesday and valued the company at $13.07 billion, eclipsing its South Korean parent's market capitalisation, as investors piled into the country's most bid-for IPO since 2008. Shares of the Indian arm of L...Reuters
21 minutes ago
Other
Samsung expects best profit since 2022, as AI boom squeezes commodity chip supply
Q3 profit seen at 12.1 trillion won v 10.1 trillion won LSEG estimateSamsung sees revenue rising 8.7% to 86 trillion wonChip business performed better than expected, analysts say By Heekyong Yang and Hyunjoo Jin SEOUL, Oct 14 (Reuters) - Samsung Electronics 005930.KS on Tuesday said it expects it...Reuters
23 minutes ago
Other
China probes US maritime investigation's impact on shipping industry
BEIJING, Oct 14 (Reuters) - China has launched an investigation into how a U.S. Section 301 probe affects Chinese shipping and shipbuilding industries and the security of relevant supply chains, the transport ministry said in a statement on Tuesday. The investigation will also look into whether rele...Reuters
23 minutes ago
Stocks
MORNING BID EUROPE-Dancing ship-to-ship
A look at the day ahead in European and global markets from Gregor Stuart Hunter:Container ports are the new economic battlegrounds. As negotiations between the U.S. and China intensify, the two nations will from today begin charging port fees on ocean shipping firms that move everything from toys t...Reuters
24 minutes ago
Other
China takes steps against US-linked units of S.Korea shipbuilder Hanwha
BEIJING, Oct 14 (Reuters) - China has taken countermeasures against five U.S.-linked subsidiaries of South Korean shipbuilding firm Hanwha Ocean 042660.KS, the Chinese commerce ministry said on Tuesday.Organisations and individuals within China are prohibited from engaging in any transactions, coope...Reuters
26 minutes ago
Other
Iran says US president's invitation to dialogue is contradictory
DUBAI, Oct 14 (Reuters) - Iran's foreign ministry on Tuesday criticised U.S. President Donald Trump's call for dialogue, accusing Washington of "hostile and criminal behaviour" following his remarks to the Israeli parliament about being ready to strike a deal with Tehran.In June, the...Reuters
30 minutes ago
Commodities
Oil edges up as US, China tamp down trade tension
By Anjana Anil and Emily Chow SINGAPORE, Oct 14 (Reuters) - Oil prices rose on Tuesday as early signs of a thaw in U.S.-China trade tensions bolstered market sentiment, alleviating concerns over global fuel demand.U.S. President Donald Trump remains committed to meeting Chinese President Xi Jinpi...Reuters
32 minutes ago
Commodities
METALS-Shanghai copper rebounds as US-China trade tensions ease
SHANGHAI, Oct 14 (Reuters) - Shanghai copper rebounded on Tuesday as fears of an escalation in U.S.-China trade tensions eased and investors refocused on mine disruptions and supply shortages.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 was up 1.38% at 86,070 yuan ($12,060...Reuters
33 minutes ago
Commodities
US, China to roll out tit-for-tat port fees, threatening more turmoil at sea
US, China begin collecting port fees on each other's vesselsChina says Chinese-built ships exempted from its leviesUS aims to loosen Chinese dominance in global maritime, bolster US shipbuildingTrade spat revived as Trump announces new 100% tariffs on Chinese goods BEIJING/LOS ANGELES, Oct 14...Reuters
41 minutes ago
Commodities
Supply problems may force Freeport Indonesia to halt Manyar smelter, media reports
JAKARTA, Oct 14 (Reuters) - Miner Freeport Indonesia may be forced to suspend operations at its Manyar smelter at the end of October due to a lack of copper concentrate following a mud-flow incident at its Grasberg mine, media outlet Kontan reported on Tuesday, citing an energy ministry official. Fr...Reuters
46 minutes ago
Other
LG Electronics India soars 50% in debut after marking biggest IPO draw since 2008
Oct 14 - LG Electronics India LGEL.NS soared 50% in pre-open debut trade on Tuesday, as the country's most sought-after IPO since 2008 saw frenzied demand, with investors betting on its manufacturing muscle and retail reach.Stock of the Indian arm of South Korea's LG Electronics 066570.KS op...Reuters
48 minutes ago
