JPMorgan lifts yuan forecast on easing tariff risks, de-dollarisation trend
LONDON (Reuters) -JPMorgan lifted its end-of-year forecast for China’s onshore yuan spot price on Wednesday, citing moderating risks around the U.S. trade war and a broader global theme of so-called de-dollarisation.The U.S. investment bank said it was revising...
Polestar restarts market expansion with France
By Gilles GuillaumePARIS (Reuters) -Swedish premium carmaker Polestar will start delivering its electric vehicles in France this year with the goal of making it one of its three main European markets, its top executive for the country told Reuters. Confronted with a...
Meta and TikTok challenge tech fees in second highest EU court
By Foo Yun CheeLUXEMBOURG (Reuters) -Meta Platforms and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology as they took their fight with tech regulators to Europe’s second highest court on...
China calls for building up consensus with US after ‘candid’ trade talks
BEIJING (Reuters) -China’s Vice Premier He Lifeng said China and the United States should strengthen consensus and maintain communication, state news agency Xinhua reported on Wednesday, after the two countries agreed to get a delicate trade truce back on...
US importers turn to brokers to navigate Trump-era tariffs, at a cost
By Arriana McLymore and Nicholas P. BrownNEW YORK (Reuters) -U.S. importers are increasingly relying on customs brokers to keep up with President Donald Trump’s ever-changing trade policies. But booming demand for help in processing foreign goods has made these...
Nvidia, Perplexity partner with European firms to boost local AI models
By Stephen NellisSAN FRANCISCO (Reuters) -Nvidia and artificial intelligence search firm Perplexity on Wednesday said they are partnering with more than a dozen AI firms in Europe and the Middle East to refine those firms’ AI technologies and distribute them to...
Investors pull out of US stocks and into Europe and emerging markets
By Patturaja Murugaboopathy(Reuters) -Global investors have moved money from U.S. equities and into European and emerging markets assets, as concerns mount over U.S. fiscal policy, rising debt and the risk that trade tariffs will trigger a recession.Equity mutual...
Traders add to bets on September start to Fed rate cuts
(Reuters) -Cooler-than-expected inflation last month deepened conviction in financial markets Wednesday that the Federal Reserve will start cutting interest-rate cuts by September rather than waiting longer. After a government report showed the core consumer price...