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Chinese goods dumping started before tariffs, ECB study finds

FRANKFURT (Reuters) -Weak domestic demand rather than U.S. tariffs is the main reason China is dumping surplus product on European markets at rock-bottom prices at the expense of domestic producers, a European Central Bank study argued on Tuesday. Pressure has been growing on the ...
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Exclusive-Shell challenges Venture Global arbitration decision in New York Supreme Court

By Francesca Landini and Stephanie Kelly LONDON (Reuters) -Shell has challenged its defeat in an arbitration case against U.S. liquefied natural gas producer Venture Global in the New York Supreme Court, according to a legal filing seen by Reuters, weeks after rival BP won a ...
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Reuters Next – Diversification is even more urgent post ‘liberation day’, says DBS CEO

SINGAPORE (Reuters) -DBS Group chief executive Tan Su Shan said it was more important for businesses to diversify after the U.S. announced tariffs on imports from countries on 'Liberation Day' in April, speaking at a Reuters NEXT Newsmaker interview on Tuesday. ...
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China’s car sales slow in October as some trade-in subsidies, tax breaks are phased out

BANGKOK (AP) - China's passenger car sales slowed in October, even for electric vehicle makers BYD and Tesla, as automakers cut prices to compete in an overcrowded market, an industry association said Tuesday. The China Association of Automobile Manufacturers said that sales grew 4.4% ...
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Nvidia-backed CoreWeave’s shares fall as data center delay hits annual revenue forecast

(Reuters) -CoreWeave's shares plunged nearly 9% in premarket trading on Tuesday after it scaled back its annual revenue forecast due to data center hiccups despite strong demand for its artificial intelligence services. The Nvidia-backed company's margins are pressured by soaring infrastructure expenses, rising AI chip ...
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US futures retreat as tech concerns resurface; federal reopening awaited

(Reuters) -Wall Street futures fell on Tuesday with concerns around elevated technology valuations resurfacing, while markets closely watched progress toward the end of the longest government shutdown in U.S. history. Technology and AI shares rebounded on Monday from last week's steep losses. The Nasdaq posted ...
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Japan’s ‘megabanks’ seen posting solid Q2 profits, on track for record annual earnings

By Anton Bridge TOKYO (Reuters) -Japan's three largest banking groups are expected to post healthy second-quarter earnings on Friday, staying on track for record annual profit forecasts for this financial year despite geopolitical uncertainty and a dovish new Japanese prime minister. A strong showing would add ...
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SoftBank profit more than doubles to $16.6 billion on OpenAI gains

By Anton Bridge TOKYO (Reuters) -Japan's SoftBank Group reported on Tuesday its second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), driven by valuation gains in its holdings of OpenAI. Three analysts surveyed by LSEG had estimated on average a net profit of ...
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Elliott takes Toyota Industries stake to almost 5%, Bloomberg News reports

(Reuters) -Activist investor Elliott Investment Management has increased its stake in Toyota Industries to almost 5%, Bloomberg News reported on Tuesday, citing people familiar with the matter. Elliott has told the company that its proposed privatization price is too low, ...
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China to provide new investment opportunities to US companies

HONG KONG (Reuters) -China will continue to promote the expansion of market access, particularly in the service sector, which will bring new investment opportunities to companies including those from the United States, senior Chinese trade negotiator Li Chenggang said, according to a statement from ...
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Porsche AG crisis weighs on profit at Porsche SE

By Rachel More BERLIN (Reuters) -A crisis at luxury carmaker Porsche AG hit earnings at top shareholder Porsche SE in the first nine months of the year, with adjusted profit after tax falling by over a third, the holding company said on Tuesday. Porsche SE, controlled ...
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Japan’s SoftBank says it has sold its shares in Nvidia for $5.8 billion

TOKYO (AP) - Japanese technology company SoftBank Group Corp. said Tuesday that it has sold all the Nvidia Corp. shares that it owned for $5.83 billion, while it reported higher than expected profit in the first half of this fiscal year. Tokyo-based SoftBank Group Corp. ...
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