By Alun John (Reuters) – What matters in U.S. and global markets today, by Alun John, EMEA Breaking News Correspondent, finance and markets Wall Street looks set for another up day, thanks to above-expectations earnings from Google, which sent its shares around 6% higher in out-of-hours trading, and further signs that deals will be done …
By Daniela Desantis and Lucinda Elliott ASUNCION (Reuters) -For Paraguay’s soy farmers and exporters, the global trade tariff war is an unpredictable ride that makes them fear the effects of volatility and also hope for more Chinese demand for South American soy meal and oil. The landlocked country is the world’s third largest soybean exporter …
Paraguay’s soy farmers ride tariff war ‘toboggan’ Read More »
By Georgina McCartney HOUSTON(Reuters) -Some small U.S. shale producers are putting the brakes on oil drilling as crude prices sink to multi-year lows and steep tariffs drive construction costs higher. Less drilling could slow future output growth from the world’s top oil producer. Total U.S. production is forecast to reach a new record this year …
By Pete Schroeder WASHINGTON (Reuters) -U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities. The Federal Reserve said it was withdrawing a pair of supervisory letters stipulating that banks should seek advance approval from regulators before engaging in crypto-asset …
US bank regulators pull back guardrails on bank crypto activities Read More »
By Hyunjoo Jin, Joyce Lee and Heekyong Yang SEOUL (Reuters) -Hyundai Motor said on Thursday it has launched a task force to respond to U.S. tariffs, adding that production of some Tucson crossovers has now been shifted from Mexico to the United States. It is also considering whether to move production of some U.S.-bound cars …
Hyundai Motor launches tariff task force, shifts some Mexico output to the US Read More »
By Che Pan and Brenda Goh BEIJING/SHANGHAI (Reuters) -China’s Baidu has successfully “illuminated” a cluster comprising 30,000 of its self-developed, third generation P800 Kunlun chips, which can support the training of DeepSeek-like models, its CEO said on Friday. Robin Li made the announcement at the company’s annual developer conference where the Chinese search engine giant …
China’s Baidu says its Kunlun chip cluster can train DeepSeek-like models Read More »
By Deborah Mary Sophia and Kenrick Cai (Reuters) -Google parent Alphabet reassured jittery tech investors that its AI investments were powering returns at its crucial ad business on Thursday, downplaying any impact from global economic uncertainty, for now. The search giant’s first-quarter profit and revenue beat expectations, and the company said it would buy back …
Google says deep AI investments powering ad sales, soothing anxious investors Read More »
By Abhirup Roy and Deborah Mary Sophia SAN FRANCISCO (Reuters) -Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Waymo, which started as a small self-driving …
Alphabet says Waymo may offer robotaxis for personal ownership in future Read More »
RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian miner Vale reported a 17% decline in its first-quarter net profit on Thursday, hit by lower iron ore prices despite improved costs. Vale, one of the world’s largest iron ore producers, posted a net profit of $1.39 billion for the quarter through March, slightly missing a consensus estimate of …
Miner Vale’s net profit drops 17% on lower iron ore prices Read More »
(Reuters) -Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the extreme uncertainty over U.S. trade policy has him “nervous” about big layoffs, though so far he has only heard about businesses starting to plan for the possibility if the uncertainty lasts. The most optimistic thing that could happen this year for the U.S. …
Fed’s Kashkari nervous that trade policy uncertainty will lead to layoffs Read More »
