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By Melanie Burton MELBOURNE (Reuters) -Australia is considering setting a price floor to support critical minerals projects, including rare earths, Resources Minister Madeleine King said, in comments that led to a rally in share prices for Australian-listed rare earths miners. Australia has been positioning itself as an alternative source of critical minerals to dominant producer …

Australia weighs price floor for critical minerals, boosting rare earths miners Read More »

By Byron Kaye SYDNEY (Reuters) -Australia’s state-owned internet network hired Amazon’s untested startup satellite service to link people who cannot access its terrestrial network, rather than tech entrepreneur Elon Musk’s Starlink. The deal, whose financial terms were not disclosed, is set to provide high-speed internet access to some 300,000 homes and businesses that NBN Co’s …

Australia’s internet network signs Amazon satellite service Read More »

(Reuters) -CoreWeave’s proposed $9 billion acquisition of data centre landlord Core Scientific is facing potential revolt, as some top shareholders of the target firm argue the deal may leave them short-changed, the Financial Times reported. Some major Core Scientific shareholders plan to vote against the deal unless the terms are revised in the coming weeks, …

Core Scientific’s shareholders balk at terms of CoreWeave merger offer, FT reports Read More »

By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by U.S. tariffs eased, minutes of the bank’s June meeting showed, a sign Tokyo’s recent trade deal with Washington cleared a key hurdle for more hikes. At the June meeting, many members said the …

Some in BOJ saw scope to hike rates if trade friction eases, June minutes show Read More »

(Reuters) -The White House is drafting an executive order that would impose penalties on banks for dropping customers for political reasons, the Wall Street Journal reported on Monday. Citing a draft of the order, the Journal said regulators would be instructed to investigate whether any financial institutions breach the Equal Credit Opportunity Act, antitrust laws …

White House readies order to fine banks for dropping clients over politics, WSJ reports Read More »

By Andre Romani SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre on Monday missed analysts’ estimates for second-quarter net profit and core earnings, as increased free shipping in Brazil drove sales up but also hit margins. MercadoLibre, Latin America’s largest company by market value, reported net income of $523 million for the quarter through the …

MercadoLibre misses profit estimates as Brazil free-shipping boost hurts margins Read More »

By Hyunjoo Jin and Jihoon Lee SEOUL (Reuters) -As South Korea and the United States prepare for a summit of their leaders, topics left unresolved by a recent trade deal provide scope for more disputes between the key allies and trade partners, six former negotiators and experts said. President Donald Trump may use the summit …

Korea, US prepare for summit with details of trade deal unresolved Read More »

By Arsheeya Bajwa (Reuters) -Palantir Technologies on Monday raised its annual revenue forecast for the second time this year, expecting sustained demand for its AI-linked services from businesses and governments. The data analytics and defense software firm is getting a boost from U.S. President Donald Trump’s focus on national security and a shift in the …

Palantir lifts annual revenue forecast again as AI demand accelerates Read More »