By Karen Brettell NEW YORK (Reuters) – The dollar firmed on Friday but was heading for a weekly fall as weakening economic data leads traders to price in the probability of more interest rate cuts this year, and as investors evaluate U.S. President Donald Trump’s nominations to the Federal Reserve. The dollar has dropped since …
Dollar heads for weekly loss on dovish Fed expectations Read More »
By Juveria Tabassum (Reuters) -Imports into the United States fell more than expected in June as concerns around shifting tariff policies hit retailers, raising fears of fewer product options in stores for shoppers, data from the National Retail Federation showed on Friday. WHY IT’S IMPORTANT The data comes as several of U.S. President Donald Trump’s …
US imports fall more than expected in June on tariff concerns, trade body data shows Read More »
By Kritika Lamba (Reuters) -Pinterest shares plunged about 15% on Friday after the image-sharing platform warned of weaker ad spending in the U.S., its biggest market, due to the removal of the “de minimis” trade loophole. Tariffs-driven uncertainty and a suspension of the exemption that allowed packages valued at or under $800 to be shipped …
Pinterest slumps after flagging soft ad spend in major market U.S Read More »
LONDON (Reuters) -Swedish budget furniture retailer IKEA opened a digital store on Chinese ecommerce platform JD.com on Friday, as it expands its presence on third-party online shopping sites in China to draw in new customers with cut-price products. Western retailers are experimenting with new formats and channels to take a bigger slice of China’s highly …
IKEA bets on online growth in China with JD.com launch Read More »
BEIJING/HONG KONG (Reuters) -Bao Fan, star dealmaker and founder of boutique investment bank China Renaissance Holdings, has been released more than two years after being detained by Chinese authorities, according to a person with knowledge of the matter. China Renaissance sent shockwaves through the country’s financial sector in 2023 when it announced it was unable …
(Reuters) -Chinese regulators have asked big local brokers to halt publication of research endorsing stablecoins in a bid to curb a surge in interest in the digital currency among domestic investors, two sources familiar with the matter said. While crypto trading is banned in mainland China, brokerages have received a wave of requests for information …
China tells brokers to halt endorsements of stablecoin, sources say Read More »
(Reuters) -SoftBank Group Corp is acquiring Foxconn Technology Group’s electric vehicle plant in Ohio, in a bid to launch the Japanese company’s Stargate data center project, Bloomberg News reported on Friday. U.S. President Donald Trump in January announced Stargate, a private sector investment of up to $500 billion for AI infrastructure, funded by SoftBank, OpenAI …
SoftBank buys Foxconn’s Ohio plant to advance Stargate AI push, Bloomberg News reports Read More »
By Yuka Obayashi TOKYO (Reuters) -Japan’s biggest oil and gas explorer Inpex on Friday raised its annual net profit forecast by 23%, citing strong production at its key Ichthys liquefied natural gas project in Australia, higher oil price assumptions and a weaker yen. The company now expects a net profit of 370 billion yen ($2.5 …
Japan’s Inpex ups annual profit forecast on strong Ichthys LNG production Read More »
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -South Korea delayed a decision on Friday on a request from Google for permission to export map data, following U.S. pressure to address what Washington regards as a non-tariff barrier during recent trade talks, its transport ministry said. South Korea and the United States are preparing for …
South Korea delays decision on Google’s request for map data exports Read More »
By Faith Hung and Emily Chan TAIPEI (Reuters) -Taiwan’s exports in July grew at their fastest in 15 years for a third consecutive monthly record, as demand for its AI-related and other tech products stayed strong in a final month of uncertainty before new U.S. tariffs commence in August. Exports rose 42% from a year …
Taiwan July exports post fastest growth in 15 years on strong tech demand Read More »
