By Nathan Vifflin and Toby Sterling (Reuters) -Multi-billion dollar deals between AI firms and computer chipmakers are expected to strengthen top semiconductor equipment maker ASML’s outlook when it reports third-quarter earnings on Wednesday. Investors and analysts expect to see evidence that customers of the Dutch firm, such as TSMC and SK Hynix, are stepping up …
Chipmaking supplier ASML set to ride AI megadeals wave Read More »
By Makiko Yamazaki TOKYO (Reuters) -Japan needs to come up with a new economic strategy that suits the current situation where inflation, instead of deflation, has become a concern unlike the times of “Abenomics” stimulus policies, Finance Minister Katsunobu Kato said on Tuesday. “It goes without saying that the situation has changed,” Kato said at …
Japan finance minister calls for post-Abenomics policies for inflation era Read More »
(Reuters) -Oil tanker operator DHT Holdings said on Monday that its fleet does not fall under the scope of China’s new special port fees targeting U.S.-linked vessels. China has imposed fees on U.S. ships that visit its ports, effective October 14, as a countermeasure to U.S. port fees on China-linked ships. China’s move targets U.S. …
DHT says its fleet has no US links after China’s new port fee move Read More »
-Global smartphone shipments grew 2.6% in the third quarter this year, fueled by strong consumer demand for premium and AI-enabled devices, according to preliminary data from the International Data Corporation on Monday. WHY IT’S IMPORTANT Demand for smartphones has been resilient despite economic uncertainty and tariff challenges, boosted by premium features, favorable pricing models and …
Global smartphone shipments rise in third-quarter on AI-driven upgrades Read More »
By Alden Bentley NEW YORK (Reuters) -TRADING DAY Making sense of the forces driving global markets Jamie McGeever is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what’s happening in markets. The biggest U.S. banks will report third-quarter results on Tuesday, at the vanguard of …
Banks set to open earnings floodgate with Powell on tap Read More »
By Olivia Le Poidevin GENEVA (Reuters) -Small and medium-sized businesses and developing economies are likely to be at particular risk of a slowdown in investment due to ongoing tariff uncertainty, the Secretary-General of the UN Trade and Development Agency told Reuters on Monday. “We fear that there will be more lagging numbers in terms of …
Tariff uncertainty could curb investment in small businesses, UN trade agency says Read More »
By Hyunjoo Jin SEOUL (Reuters) -South Korea’s industry minister said on Monday that the government had expressed concerns over Hyundai announcing multi-billion dollar U.S. investment plans at the same time as Seoul was involved in delicate trade negotiations with Washington. “We told Hyundai that (its) conduct was deeply regrettable, especially considering that our efforts have …
South Korea says it flagged Hyundai US investment plan concerns Read More »
(Reuters) -Embattled Chinese property developer Country Garden said on Monday its controlling shareholder had agreed to convert $1.14 billion in loans to equity as part of its offshore debt restructuring. Concrete Win Limited, an entity controlled by Country Garden’s controlling shareholder, has committed to buying new shares to settle $1.14 billion in shareholder loans once …
Country Garden secures $1.14 billion loan-to-equity conversion as part of restructuring Read More »
By David Lawder WASHINGTON (Reuters) -Finance chiefs gathering in Washington this week were ready to discuss the global economy’s surprising resilience in the face of Donald Trump’s tariff assaults – until U.S.-China trade war rhetoric reignited with the U.S. president threatening 100% duties on Chinese imports and whipsawing financial markets. The annual meetings of the …
Trump’s latest China tariff brinkmanship clouds IMF, World Bank meetings Read More »
By Heekyong Yang SEOUL (Reuters) -Samsung Electronics is expected to post its highest third-quarter profit since 2022, driven by higher memory chip prices supported by server demand as customers rebuild inventories, analysts’ estimates showed. The world’s biggest maker of memory chips is projected to report an operating profit of 10.1 trillion won ($7.11 billion) for …
Samsung set for highest Q3 profit in three years as AI demand lifts chip prices Read More »
