By Jihoon Lee and Hyunjoo Jin SEOUL (Reuters) -U.S. President Donald Trump said on Wednesday the U.S. would charge a 15% tariff on imports from South Korea as part of an agreement to avoid even higher levies. The deal includes a South Korean investment of $350 billion in the U.S., but other non-tariff barriers, as …
Factbox-What we know about South Korea’s trade deal with the US Read More »
By Heekyong Yang, Hyunjoo Jin and Joyce Lee SEOUL (Reuters) -Samsung Electronics said a trade deal between South Korea and Washington will help to alleviate business uncertainty, as the technology giant forecast more major chip orders after signing a $16.5 billion deal with Elon Musk’s Tesla. U.S. President Donald Trump said the U.S. will charge …
Samsung says tariff agreement reduces uncertainty, expects boost from Tesla deal Read More »
By Jesus Calero and Joanna Plucinska LONDON (Reuters) -Air France-KLM reported higher second-quarter operating profit on Thursday, citing strong bookings for its premium services even as the sector frets about the knock-on effects from U.S. President Donald Trump’s tariff war. Europe’s major airlines have been watching for a possible dip in transatlantic travel as European …
Air France-KLM’s Q2 profit rises, helped by premium sales Read More »
By Jesus Calero and Joanna Plucinska LONDON (Reuters) -Air France-KLM reported higher second-quarter operating profit on Thursday, citing strong bookings for its premium services even as the sector frets about the knock-on effects from U.S. President Donald Trump’s tariff war. Europe’s major airlines have been watching for a possible dip in transatlantic travel as European …
Air France-KLM’s Q2 profit rises, helped by premium sales Read More »
A look at the day ahead in European and global markets from Gregor Stuart Hunter We are now about halfway through the most action-packed part of the week. The eye of the storm, if you will. In case you have forgotten, today we are catching up on corporate earnings, key economic data releases, several central …
Morning bid: Dangers abound ahead of deadline day Read More »
LOS ANGELES (Reuters) -Warner Bros Discovery will lay off roughly 10% of its motion picture group employees as part of a restructuring before the company splits in two, a source with knowledge of the matter said on Wednesday. The cuts will take place in marketing, distribution, production and other units. The source did not disclose …
Warner Bros Discovery to lay off 10% of film group, source says Read More »
BEIJING (Reuters) -China’s manufacturing activity shrank for a fourth straight month in July, an official survey showed on Thursday, suggesting a surge in exports ahead of higher U.S. tariffs has started to fade while domestic demand remained sluggish. The purchasing managers’ index (PMI) fell to 49.3 in July versus 49.7 in June, the National Bureau …
China factory activity cools as demand abroad, at home weakens Read More »
SYDNEY (Reuters) -Australian retail sales surged in June as the launch of Nintendo’s Switch 2 and discounting at the end of the financial year drew consumers back to the shops, though sales volumes for the second quarter as a whole were subdued. Raising hopes that a long-awaited recovery in consumption could be on the way, …
Australia June retail sales jump as discounts, Nintendo Switch lure shoppers Read More »
(Reuters) -ChatGPT-maker OpenAI roughly doubled its revenue in the first seven months of the year, reaching $12 billion in annualized revenue, the Information reported on Wednesday citing a source. Reuters could not immediately confirm the report. OpenAI declined to comment. The figure implies that OpenAI is generating $1 billion a month, the report said, adding …
OpenAI hits $12 billion in annualized revenue, The Information reports Read More »
Seoul (Reuters) -Samsung Electronics said on Thursday that the South Korea-U.S. trade deal would reduce uncertainty. The comments were made during its quarterly earnings conference call. (Reporting by Hyunjoo Jin and Heekyong YangEditing by Ed Davies)
