Reuters US Business

Analysis-US stock market gains may slow after torrid rebound from tariff swoon

16 May 2025

By Lewis Krauskopf NEW YORK (Reuters) -Market momentum following the U.S.-China trade truce has put stocks back in sight of record highs but wariness about the economic fallout from remaining tariffs and higher equity valuations could slow gains in the near term. The S&P 500 has soared 18% since hitting its low closing point for …

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Trump announces $14.5 billion Etihad order for 28 Boeing planes with GE engines

16 May 2025

By David Shepardson and Costas Pitas (Reuters) -U.S. President Donald Trump on Thursday announced deals totaling more than $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing, GE Aerospace and Etihad Airways, the White House said. Etihad confirmed on Friday it was ordering 28 wide-body Boeing …

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Meta asks judge to rule that FTC failed to prove its monopoly case

16 May 2025

By Jody Godoy (Reuters) -Facebook parent company Meta Platforms asked a federal judge on Thursday to throw out the U.S. Federal Trade Commission’s case accusing it of an illegal social media monopoly, saying the agency failed to prove its case at a high-stakes antitrust trial. At the trial, which began on April 14 in Washington, …

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Capital flows back to US-listed China ETFs post big sell-off

16 May 2025

By Summer Zhen HONG KONG (Reuters) -Major U.S.-listed exchange-traded funds (ETFs) that track Chinese stocks recorded inflows in May as a U.S.-China tariff truce boosted sentiment, following a heavy sell-off in the previous month. BY THE NUMBERS Global investors bought a combined $401.7 million in four major U.S.-listed China ETFs – iShares MSCI China ETF, …

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Wistron says new US plants will be ready for Nvidia’s server production next year

16 May 2025

By Wen-Yee Lee TAIPEI (Reuters) -Taiwanese electronics manufacturer Wistron said on Friday that its new U.S. manufacturing facilities for its customer Nvidia would be ready next year and the firm was in talks with potential other customers. Part of the facilities will be used by Nvidia to support its plan to build artificial intelligence servers …

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Chinese active funds gear up with fresh products after dramatic industry reforms

16 May 2025

By Samuel Shen and Vidya Ranganathan SHANGHAI/SINGAPORE (Reuters) -New rules for Chinese active funds unveiled this month that are set to drastically change fund flows in the country’s stock markets have prompted immediate action from some of the biggest players in the industry to introduce fresh products. China Asset Management (ChinaAMC), China Merchants Fund and …

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Taiwan meets with US for tariff talks in South Korea

16 May 2025

TAIPEI (Reuters) -The main Taiwan and U.S. trade representatives met in South Korea for trade negotiations, yielding optimism that further talks would lead to reduced U.S. tariffs on Taiwan exports, the island’s Vice-Premier Cheng Li-chiun said on Friday. At a news conference marking Premier Cho Jung-tai’s first year in office, Cheng said chief Taiwan negotiator …

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Dovish BOJ policymaker urges pause in rate hikes on US tariff uncertainty

16 May 2025

By Leika Kihara and Chang-Ran Kim TOKYO (Reuters) -The Bank of Japan must hold off raising interest rates for the time being, its board member Toyoaki Nakamura said on Friday, warning of growing downward pressure on the economy from higher U.S. tariffs. Nakamura, known as the most dovish member of the board, said the central …

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China’s Foshan Haitian to raise about $1 billion in Hong Kong listing, sources say

16 May 2025

By Scott Murdoch SYDNEY (Reuters) -China’s Foshan Haitian Flavouring and Food Company has received approval from the Hong Kong Stock Exchange to list in the city and it aims to raise about $1 billion, according to two sources with direct knowledge of the matter. The Shanghai-listed company’s proposed deal was approved by the exchange’s listing …

China’s Foshan Haitian to raise about $1 billion in Hong Kong listing, sources say Read More »

US FAA approves license modifications for SpaceX Starship Flight 9 mission

16 May 2025

By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration on Thursday said it approved license modifications for the SpaceX Starship Flight 9 mission, but did not immediately allow it to fly. SpaceX will not be allowed to launch until the FAA either closes its Starship Flight 8 investigation or makes a return to flight determination, …

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