By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Wall Street rallied on Wednesday as investors continued to take their cue from earnings and AI-related optimism over tariffs, while a weak 10-year Treasury note auction served as a reminder of the precarious U.S. …
Trading Day: Wall St momentum calms tariff shakes Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries. Here is a list of targeted tariffs …
Factbox-Trump’s tariffs: What’s in effect and what could be in store? Read More »
By Rashika Singh (Reuters) -Shares of chip company Advanced Micro Devices and server maker Super Micro Computer tumbled in early trading on Wednesday after the companies posted underwhelming results in their data center segments, shaking investor confidence in their AI growth narratives and competitive positions. AMD dropped 5.1%, while Super Micro plummeted about 18.2%. The …
AMD, Super Micro shares slide as AI bets falter on data center results miss Read More »
By Yantoultra Ngui, Fanny Potkin and Jun Yuan Yong SINGAPORE (Reuters) -Singapore-based Carro, Southeast Asia’s largest used-car online marketplace, is preparing for a U.S. initial public offering as early as 2026 that could raise up to $500 million, according to sources familiar with the matter. The company is aiming for a valuation of more than …
Singapore’s Carro targets US IPO with over $3 billion valuation, sources say Read More »
By Lisa Barrington and Donny Kwok HONG KONG (Reuters) -Cathay Pacific Airways warned on Wednesday of declining airfares, challenges at its budget carrier and uncertain cargo market conditions, sending its shares down almost 10% to a one-month low. Hong Kong’s flagship airline also said it had ordered 14 more Boeing 777-9 wide-body jets as it …
Cathay Pacific warns of declining fares and cargo uncertainty, shares fall Read More »
By Joe Cash and Ryan Woo BEIJING (Reuters) -Rescue crews raced on Wednesday to clear debris and flooded roads as southern China braced for more extreme rainfall and spreading infection after some of the worst downpours this century, brought by a peak in East Asian monsoon rains. Forecasters warned of more thunderstorms after the century’s …
Monsoon peaks in south China, unleashing landslides, disease Read More »
(Reuters) -Coca-Cola Europacific Partners tempered its annual revenue forecast on Wednesday, citing softer demand in Indonesia due to geopolitical tensions in the Middle East and a challenging macroeconomic environment. The bottler, which operates across Western Europe, the Middle East, Australia and New Zealand, said Southeast Asia volumes were hit by brand boycotts in Indonesia, a …
Coca-Cola Europacific Partners tempers annual revenue forecast on Indonesia weakness Read More »
SHANGHAI/SINGAPORE (Reuters) -The Shanghai benchmark advanced to its highest close in more than 3-1/2 years on Wednesday, underpinned by market hopes for an extended trade truce between the United States and China to reach a final deal. ** At the close, the Shanghai Composite index was up 0.45% at 3,633.99 points, marking the third straight …
Shanghai stocks close at highest since late 2021 on hopes for Sino-US trade deal Read More »
TOKYO (Reuters) -Japan’s Norinchukin Bank booked a net profit of 58 billion yen ($393 million) for the April-June quarter, as its mass offloading of low-return foreign government bonds over the past year cut its foreign currency-denominated funding costs. The results compare to a net loss of 412 billion yen over the same period a year earlier. …
Japan’s Norinchukin Bank swings to $393 million profit in first quarter Read More »
TOKYO (Reuters) -Japanese oil and gas explorer Inpex Corp said on Wednesday it has awarded additional contracts for early-stage design work on its $20 billion Abadi liquefied natural gas project in Indonesia’s Masela block. In April, the firm launched a front-end engineering design (FEED) process to assess technical details and costs to build the facilities …
Inpex awards more contracts in engineering design for Indonesia’s Abadi LNG project Read More »
