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Asian shares swing higher after a wobbly day on Wall Street

BANGKOK (AP) — Shares swung higher in Asia on Wednesday as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing. U.S. futures rose, while oil prices retreated. Gold rose to new highs, venturing above ...
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Chinese airlines protest US plan to ban their flights over Russian airspace

HONG KONG (AP) — China’s biggest state-owned air carriers have hit back at a U.S. proposal to bar them from flying over Russia when traveling to or from the U.S. The U.S. side has said such flights give Chinese airlines an unfair cost advantage ...
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Top South Korea officials to visit US for tariff talks amid hope for progress

SEOUL (Reuters) -South Korea’s industry minister and the chief presidential secretary for policy will travel to the United States on Thursday for follow-up talks on lowering tariffs applied to the Asian country’s goods, the government said on Wednesday. South Korea’s finance minister said this ...
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BHP’s Slattery says Australia must cut red tape, power costs, to compete

MELBOURNE (Reuters) -BHP’s head of Australia, Geraldine Slattery, said on Wednesday the country must speed up environmental approvals and boost access to cheap power if it hopes to compete for mining investment capital with other nations. The comments from the world’s biggest listed miner underscore ...
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Pfizer CEO says US pharma industry needs to collaborate with China

By Michael Erman NEW YORK (Reuters) -Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade. “In biopharma, China’s dramatic speed, cost ...
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CBA’s Comyn to remain head of Australia’s largest bank at least to 2028

By Scott Murdoch SYDNEY (Reuters) -Commonwealth Bank of Australia Chief Executive Matt Comyn will remain at the helm of the country’s largest lender for at least the next three years, its chair said on Wednesday, presiding over one of the most expensive banks in the ...
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Oil drops as investors weigh a supply surplus outlook and US-China trade tensions

By Sam Li and Jeslyn Lerh (Reuters) -Oil prices fell in early trade on Wednesday, extending losses from the previous session, as investors weighed the International Energy Agency’s warning of a supply surplus in 2026 and U.S.-China trade tensions that could hurt demand. Brent crude futures fell 12 cents, or 0.19%, to $62.27 a barrel ...
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Dollar under pressure on Fed rate cut bets, China trade tensions

By Kevin Buckland TOKYO (Reuters) -The U.S. dollar was on the defensive early on Wednesday after comments from Federal Reserve Chair Jerome Powell bolstered wagers on an interest rate cut this month. The greenback had lost ground to the safe-haven yen and Swiss franc on Tuesday ...
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Asia shares recover, dollar eases as Fed cut bets reclaim spotlight

By Rae Wee SINGAPORE (Reuters) -Asian stocks staged a tentative rebound on Wednesday, helped by dovish comments from Federal Reserve Chair Jerome Powell and upbeat bank earnings on Wall Street, though simmering U.S.-China trade tensions kept a lid on risk appetite. Powell left the door open ...
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Exclusive-Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show

By Engen Tham and Ilona Wissenbach (Reuters) -Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters. The findings ...
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Stellantis says it will invest $13B to expand its US operations, adding more than 5,000 jobs

Stellantis says it will invest $13 billion over the next four years to expand its manufacturing capacity in the United States, a move that the automaker says will increase its domestic vehicle production by 50% and add more than 5,000 jobs. The world’s fourth-largest ...
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MacKenzie Scott cuts Amazon stake by 42%, Bloomberg News reports

(Reuters) -Billionaire philanthropist MacKenzie Scott has reduced the size of her stake in Amazon.com by 42% since last year, Bloomberg News reported on Tuesday, citing a regulatory filing. Scott, the former wife of Amazon founder Jeff Bezos, holds 81.1 million shares in the company, according ...
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