A look at the day ahead in European and global markets from Rae Wee Asian shares climbed to their highest in more than three years on Friday and Europe looked set to join the rally, as markets turned optimistic after weathering a few weeks of heightened Middle East tensions and uncertainties over tariffs. Wall Street …
BEIJING (Reuters) -China’s factory activity likely shrank for a third straight month in June, a Reuters poll showed on Friday, as manufacturers await a more durable deal in a fragile trade truce with the U.S. to revive shipments to the world’s top consumer market. A Reuters poll of 17 economists forecast the official purchasing managers’ …
By Timothy Gardner and Shariq Khan WASHINGTON (Reuters) -The U.S. will not complete scheduled deliveries of crude oil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. Former President Joe Biden’s administration scheduled 15.8 million barrels …
US will not complete oil deliveries into its reserve until year-end Read More »
TAIPEI (Reuters) -Taiwan’s finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan’s industry. The duties on Chinese-made beer will be as high as 64.14% while for steel they will be as high as 20.15%, the ministry …
Taiwan to impose anti-dumping duties on Chinese beer, steel for four months Read More »
By Noe Torres and Emily Green MEXICO CITY (Reuters) -Mexico’s banking regulator said on Thursday it will temporarily step in to manage three financial institutions, CIBanco, Intercam Banco and Vector Casa de Bolsa sanctioned by the U.S. for alleged involvement in money laundering linked to organized crime. The banking and securities commission said the move …
Mexican regulator takes over running of banks hit by US fentanyl sanctions Read More »
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports likely rebounded in June on the back of strong tech demand, following a decline in May, a Reuters poll showed on Friday, though economists remain wary amid uncertainty over U.S. tariff policy. Exports from Asia’s fourth-largest economy are forecast to have risen 4.7% this month from a …
By Sherin Sunny (Reuters) -Australia’s largest supermarket chain Woolworths on Friday announced plans to close its majority-owned customer website MyDeal by the end of September, in an effort to reduce operating losses in its marketplace business. Woolworths CEO, Amanda Bardwell, said the decision was a response to the intensely competitive environment and the superior economics …
Australia’s Woolworths to close MyDeal customer website to cut losses Read More »
(Reuters) -Recent U.S. inflation data has been “quite positive” but some of the inflationary effect of tariffs may just be delayed, Minneapolis Federal Reserve Bank President Neel Kashkari said on Thursday. “We’ve been basically saying, Hey, we need to go slow until we have more clarity on what’s happening with tariff-related inflation,’” Kashkari said, of …
Fed’s Kashkari says more clarity needed on tariffs’ impact on inflation Read More »
(Reuters) -Options markets suggest the probability of a disruption of oil flows through the Strait of Hormuz is just 4% following the Iran-Israel ceasefire, Goldman Sachs analysts said in a note on Thursday. Fears that Iran could close the Strait of Hormuz after U.S. strikes on its nuclear facilities sent Brent crude futures to a …
Oil market reflects slim chance of supply disruption, Goldman analysts say Read More »
(Corrects paragraph 4 to reflect that Apple has already paid a 500 million euro fine and is seeking to avoid daily fines) By Stephen Nellis and Foo Yun Chee SAN FRANCISCO (Reuters) -Apple on Thursday changed rules and fees in its App Store in the European Union after the bloc’s antitrust regulators ordered it to …
Apple changes App Store rules in EU to comply with antitrust order Read More »
