A look at the day ahead in European and global markets from Wayne Cole. It’s been a mostly upbeat start to the week for Asian shares, even though a holiday in U.S. markets has thinned liquidity. Hong Kong led the way again, tacking another 1.4% onto last week’s 7% jump amid optimism about potential low-cost …
By Christine Chen SYDNEY (Reuters) – BlueScope Steel, Australia’s largest steelmaker, will be a beneficiary of U.S. President Donald Trump’s protectionist tariffs, CEO Mark Vassella said on Monday, saying that he expects higher prices to boost BlueScope’s profits in North America. After BlueScope posted a better-than-expected first-half profit, Vassella said steel prices were already “moving …
Australian steelmaker BlueScope sees Trump’s tariffs as a boon Read More »
By Rajasik Mukherjee (Reuters) – Shares of Australia’s BlueScope Steel hit a more than 3-year high on Monday after the steelmaker’s half-year underlying profit surpassed market expectations and its upbeat commentary on U.S. tariffs on steel imports. The stock gained as much as 12.3% to A$25.100, poised to touch its highest level since August 31, …
Australia’s BlueScope steel climbs over 3-year peak as earnings beats estimate Read More »
(Reuters) – Many British employers intend to raise prices and cut headcount because of the government’s tax increases on business, with confidence among small businesses falling to a five-year low, surveys showed on Monday. The Chartered Institute of Personnel Development (CIPD), a professional human resources sector body, said nine out of 10 employers thought finance …
UK firms brace for hit from tax hikes, surveys show Read More »
LONDON (Reuters) – A run-up in asking prices for newly listed homes in Britain has lost steam ahead of an increase in property purchase taxes, according to a survey published on Monday. Property website Rightmove said the average price of properties put on the market rose by 0.5% between Jan. 12 and Feb. 8 to …
UK housing market starts to feel the drag from tax change, Rightmove says Read More »
By Andrea Shalal WEST PALM BEACH, Florida (Reuters) – U.S. President Donald Trump on Sunday shrugged off the European Union’s reported push to block imports of U.S. soybeans and other foods made to different standards, warning such a move would only hurt Europe itself. Trump, speaking to reporters after a quick trip to Daytona Beach …
Trump shrugs off EU’s reported plans for Trump-style import curbs on food Read More »
HONG KONG/SHANGHAI (Reuters) -Tencent said on Sunday its Weixin messaging app, China’s largest, is allowing some users to search via DeepSeek’s artificial intelligence model as firms race to link up with the AI startup. In a beta test, Weixin is testing access to DeepSeek for searches, Tencent said in a statement to Reuters. The move …
Tencent’s Weixin app, Baidu launch DeepSeek search testing Read More »
(Reuters) – British Prime Minister Keir Starmer is preparing to overrule his finance minister Rachel Reeves and order more defence spending, after the United States demanded that Europe pays more for its security, the Sunday Times reported. Citing sources, the newspaper said Starmer is due to fly to Washington next week to speak with U.S. …
UK’s Starmer readies order to raise defence spending, Sunday Times reports Read More »
LONDON (Reuters) -Britain published a major consultation for its steel industry on Sunday, weeks ahead of schedule due to President Donald Trump’s announcement of fresh tariffs on all steel imports into the United States. The “Plan for Steel” will look into issues facing the UK industry, such as high energy costs and “unfair trading practices” …
UK accelerates major steel industry consultation in response to US tariffs Read More »
(Reuters) – Billionaire Elon Musk said on Saturday that his xAI’s artificial intelligence chatbot and ChatGPT challenger Grok 3 would be released with a live demo at 8 p.m. Pacific time on Monday (0400 GMT on Tuesday). Earlier this week, Musk said Grok 3 was in the final stages of development and would be released …
Elon Musk says xAI’s Grok 3 chatbot to be unveiled on Monday Read More »
