BEIJING (Reuters) -Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday’s trade war truce, however a complete removal of the restrictions is unlikely, according to two sources in the industry in China. China added seven rare earths and related items to a control list …
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve got one more reason to wait on cutting interest rates after a delay of the most punitive tariffs imposed in the Trump administration’s trade battle with China appeared to reduce the chance of a U.S. economic slowdown that would force the central bank to rush to …
U.S.-China tariff delay gives Fed fresh reason to sit tight on rates Read More »
WASHINGTON (Reuters) – President Donald Trump said on Monday that he could speak with China’s President Xi Jinping at the end of the week amid progress between the two economic rivals on a trade deal. Trump said the negotiations between the two countries this past weekend has led to a “reset” between the two nations. …
Trump signals he could speak with China’s Xi by end of the week Read More »
(Reuters) -Vertical Aerospace said on Monday it is developing a long-range hybrid-electric variant of its air-taxi VX4, aiming to expand into commercial markets including defense and logistics. U.S.-listed shares of the British electric aircraft firm rose more than 6% before the bell. Vertical’s new variant is targeted to have a range of up to 1,000 …
Vertical Aerospace plans long-range hybrid air-taxi variant to widen market reach Read More »
By Zaheer Kachwala (Reuters) -Days after Take-Two Interactive delayed the launch of “Grand Theft Auto VI” to May next year, rival publishers are using that opportunity to lock in release dates for their games to avoid a direct clash with one of the industry’s most anticipated titles. Analysts and industry executives told Reuters they expect …
Analysis-Videogame publishers rush to seize fall launch window after ‘GTA VI’ delay Read More »
By Mike Dolan LONDON (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets A confusing mix of trade policy shifts and opaque economic data has left financial markets and the Federal Reserve searching for solid ground. In today’s column, I take a close look at …
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -The risk of a tariff-induced U.S. recession is hanging over the television industry’s annual upfront selling season, when companies stage star-studded pitches to coax brands to commit to spending billions of dollars on advertising in the year ahead. Starting Monday, the presentations in New York kick …
Tariff uncertainty clouds outlook for US television’s annual ad-selling bonanza Read More »
(Reuters) -Japanese investors sharply ramped up their overseas equity purchases in April, shifting away from bonds as they rebalanced portfolios amid global market volatility triggered by U.S. tariffs, and capitalizing on discounted international shares. Japanese investors bought a net 3.27 trillion yen ($22.37 billion) in overseas stocks — the highest monthly total since at least …
Japanese foreign equity purchases in April hit 20-year high on global market volatility Read More »
MELBOURNE (Reuters) – Australia’s South32 on Monday named Matthew Daley to lead the diversified miner when long-serving CEO Graham Kerr steps down in 2026, with Daley in the interim joining as deputy chief executive officer early next year. Daley has more than 20 years of experience in the metals and mining industry and is expected …
Australia’s South32 names Anglo American executive Matthew Daley to become CEO in 2026 Read More »
(Reuters) -OpenAI and Microsoft are rewriting terms of their multibillion-dollar partnership in a negotiation designed to allow the ChatGPT maker to launch a future IPO, while protecting the software giant’s access to cutting-edge AI models, the Financial Times reported on Sunday. A critical issue is how much equity in OpenAI’s new for-profit business Microsoft will …
OpenAI negotiates with Microsoft for new funding and future IPO, FT reports Read More »
