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Nippon, U.S. Steel offer increased investment to Trump officials to close deal, Semafor reports
March 27 (Reuters) - Nippon Steel 5401.T and U.S. Steel X.N are in active talks about a deal that would preserve their $14 billion merger and secure billions more in investments from the Japanese steelmaker into Rust Belt facilities, Semafor reported on Thursday.In recent meetings with White House o...Reuters
Fri, Mar 28
London copper edges lower as US tariff unease weighs
NEW DELHI, March 28 (Reuters) - Copper prices in London edged down on Friday and headed for weekly losses, as unease over looming U.S. tariffs weighed on sentiment. The benchmark three-month copper CMCU3 on the London Metals Exchange (LME) eased 0.05% to $9,842 metric ton, as of 0231 GMT. For the...Reuters
Fri, Mar 28
Japanese Yen rebounds from multi-week low against USD after stronger Tokyo CPI
The Japanese Yen (JPY) drops to a nearly four-week trough against its American counterpart during the Asian session on Friday amid concerns that US President Donald Trump's trade tariffs could impact key domestic exports. The JPY bulls, however, got some respite following the release of...
Fxstreet
Fri, Mar 28
WTI drifts higher above $69.50 amid escalating trade war risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.70 during the early Asian session on Friday. The WTI price gains momentum to a one-month high as the US threat of tariffs on countries buying Venezuelan production still supports prices.
Fxstreet
Fri, Mar 28
Fed's Collins says it is clear tariffs will drive inflation up near term
March 27 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said on Thursday that Trump administration tariffs will drive up U.S. inflation but it is unclear how persistent that upward pressure will be.Reuters
Fri, Mar 28
Lululemon says slow consumer spending, tariffs hurt annual forecast
March 27 (Reuters) - Lululemon Athletica LULU.O said on Thursday that economic uncertainty was dampening demand for its pricey athleisure apparel and U.S. tariffs on imports from China and Mexico had squeezed its forecast for the year.Reuters
Fri, Mar 28
Musk says a great wrong is being done to Tesla staff, customers -Fox News
March 27 (Reuters) - Tesla Chief Executive Elon Musk said on Wednesday that a great wrong was being done to Tesla TSLA.O employees and customers when asked on Fox News' "Special Report with Bret Baier" about incidents at dealerships that include arson attacks.
Reuters
Fri, Mar 28
Oil approaches one-month highs as investors assess supply, trade war risks
Markets mixed on impact of Trump auto tariffs Tariffs on Venezuelan oil buyers still supporting pricesPrices unlikely to return to early 2025 highs, some analysts sayBy Stephanie Kelly and Enes Tunagur NEW YORK, March 27 (Reuters) - Oil prices edged higher on Thursday as traders assessed a tight...Reuters
Thu, Mar 27
European shares at lowest in nearly two weeks as Trump's auto tariff dents sentiment
Auto sector down 1% after tariffs announcementProSiebenSat.1 falls after low-ball bid from MFESTOXX 600 down 0.5%, Germany's DAX down 0.7%By Medha Singh and Nikhil Sharma March 27 (Reuters) - European shares ended at their lowest in nearly two weeks on Thursday, dragged by auto stocks after U...Reuters
Thu, Mar 27
METALS-Copper slips on Trump auto tariffs, uncertainty
By Eric Onstad LONDON, March 27 (Reuters) - Copper prices eased on Thursday after U.S. President Donald Trump announced 25% tariffs on auto imports, which could dampen metals demand. Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.8% at $9,846 a metric ton at 1700 GMT, ...Reuters
Thu, Mar 27
US GDP expands by 2.4% in Q4 vs. 2.3% in previous estimate
The US Bureau of Economic Analysis (BEA) reported on Thursday that the United States' Gross Domestic Product (GDP) expanded at an annual rate of 2.4% in the fourth quarter. This reading came in above the market expectation and the previous estimate of 2.3%.Fxstreet
Thu, Mar 27
PRECIOUS-Gold climbs back toward record high as Trump auto tariffs stoke trade fears
March 27 (Reuters) - Gold prices climbed back towards last week's record high on Thursday after U.S. President Donald Trump announced new tariffs on auto imports starting next week, escalating global trade tensions that have been driving safe-haven demand for gold.
Reuters
Thu, Mar 27
Brazil central bank lowers 2025 growth forecast, sees inflation above target
BRASILIA, March 27 (Reuters) - Brazil's central bank revised its economic growth forecast for this year to 1.9% from the 2.1% estimated in December, according to a quarterly monetary policy report released on Thursday.The report's inflation projections indicate consumer prices will remain ab...Reuters
Thu, Mar 27
Moody's lifts NVIDIA stock rating to Aa2, maintains positive outlook
Investing.com -- On Wednesday, Moody's Ratings announced an upgrade to NVIDIA Corporation's (NASDAQ:NVDA) senior unsecured rating, elevating it to Aa2 from Aa3. Alongside this upgrade, Moody's affirmed NVIDIA's Prime-1 short term commercial paper rating and sustained the positive outlook on the...
Investing.com
Thu, Mar 27
Japan PM says Japan will put all options on the table to deal with Trump’s tariffs
Japan’s Prime Minister Shigeru Ishiba revealed on Thursday that the country will consider “all options on the table” in dealing with Washington’s import tariffs. The Trump administration issued Tokyo 25% duties on car imports to the U.S.Cryptopolitan
Thu, Mar 27
AMD downgraded: Nvidia's AI chips still hold 'a significant performance advantage'
Investing.com -- Jefferies on Thursday downgraded Advanced Micro Devices (NASDAQ:AMD) to Hold, citing a widening performance gap with Nvidia's (NASDAQ:NVDA) AI chips and limited traction in the AI market.Investing.com
Thu, Mar 27
ASIA COFFEE-Farmers hold off selling in Vietnam, tight supplies in Indonesia
HANOI, March 27 (Reuters) - Supply of robusta beans tightened in Vietnam and Indonesia, with Vietnamese farmers refraining from selling the bean on hopes of higher profit, and scarce supplies in Indonesia at the end of the harvest season, traders said on Thursday.Reuters
Thu, Mar 27
European bank shares fall after Trump's tariff plans, UBS down 4% on downgrade
LONDON, March 27 (Reuters) - European banking shares fell on Thursday after U.S. President Donald Trump announced plans to slap 25% import tariffs on all vehicles and foreign-made auto parts from next week.
Reuters
Thu, Mar 27
US auto makers fall premarket as Trump slaps tariffs on imported vehicles
Shares of U.S. auto makers Tesla TSLA.O, Ford F.N and General Motors GM.N down 1.2%, 3.9% and 5.9%, respectively, in premarket trade after Trump's levies on automakers.U.S. President Donald Trump on Wednesday said he would impose 25% tariffs on all vehicles and foreign-made auto parts import...Reuters
Thu, Mar 27