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Wall St futures subdued, focus on retailers’ earnings, Fed symposium

By Johann M Cherian and Sanchayaita Roy (Reuters) -U.S. stock index futures wavered on Monday, pausing after a recent rally as investor focus shifted to earnings from big box retailers and an annual central bank conference at Jackson Hole, all of which are lined ...
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Ivory Coast cocoa grind down 31.2% year-on-year in July, exporters association says

ABIDJAN (Reuters) -Ivory Coast’s cocoa grind dropped 31.2% year-on-year in July to 39,301 metric tons, data from exporters’ association GEPEX showed on Monday, with grinders citing poor bean quality and low volumes of the mid-crop. The total grind – part of the process of transforming ...
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What US stagflation risks mean for world markets

By Naomi Rovnick and Alun John LONDON (Reuters) -The spectre of U.S. stagflation is stalking global markets, causing some investors to position portfolios to dodge the potential damage that tariffs could wreak on growth and inflation in the world’s dominant economy. Some 70% of global ...
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Germany says written EU-US trade deal requires lower car duties

(Reuters) -Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing. “In particular, car tariffs must be reduced quickly as agreed. We are also ...
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Morning Bid: Zelenskiy heads back to Washington (with friends)

LONDON, August 18 (Reuters) -A look at the day ahead in U.S. and global markets by Dhara Ranasinghe, European Financial Markets Editor     After Donald Trump and Russian President Vladimir Putin’s gathering in Alaska, it’s now Ukraine President Volodymyr Zelenskiy and European leaders’ turn to meet ...
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Fewer fake firs, higher prices: China tariff delay does little to save the holidays

By Jessica DiNapoli, Casey Hall and Siddharth Cavale NEW YORK/SHANGHAI (Reuters) -U.S. shoppers looking for fake Christmas trees and holiday decor this year will have fewer choices and face higher prices as tariffs on Chinese imports force retailers to scale back orders as they assess ...
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Foxconn’s Apple era fades as AI servers drive growth in Taiwan tech sector

By Wen-Yee Lee TAIPEI (Reuters) -Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the AI-boom to diversify its income.  Its revenue from making ...
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Shares in Novo Nordisk rise after Wegovy gets US nod for liver disease treatment

By Jacob Gronholt-Pedersen COPENHAGEN, DENMARK (Reuters) -Shares in Novo Nordisk rose on Monday, after it got U.S. approval for its weight-loss drug Wegovy to treat a serious liver condition, positive news for the drugmaker that lost more than one-third of its market value in recent ...
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SKF sells non-core aerospace business in the U.S. to Carco PRP

STOCKHOLM (Reuters) -Swedish bearings maker SKF said on Monday it had agreed to sell its non-core aerospace operation in Elgin in the U.S. to Carco PRP Group for a total estimated enterprise value of $70 million. SKF said in a statement the sale of ...
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Firefly Aerospace eyes Japan rocket launches for Asia market

By Kantaro Komiya TOKYO (Reuters) -Firefly Aerospace is exploring an option to launch its Alpha rocket from Japan as the U.S. rocket maker expands its satellite launch services globally, a Japanese company operating a spaceport in the country’s northern Hokkaido said on Monday. The plan ...
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Dutch crypto firm Amdax aims to launch Bitcoin treasury company on Euronext

(Reuters) -Amsterdam-based cryptocurrency service provider Amdax plans to launch a bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy) on the Dutch stock exchange, Amdax said on Monday. WHY IT’S IMPORTANT: Amdax’s plans highlight the growing appeal of bitcoin, which has hit record highs this month. KEY ...
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Qantas fined $58 million over illegally sacking 1,800 workers during pandemic

SYDNEY (Reuters) -Qantas Airways, Australia’s largest airline, has been fined A$90 million ($58.64 million) for illegally sacking 1,800 ground staff and replacing them with contractors during the COVID-19 pandemic, a court ruled on Monday. In imposing a penalty close to the maximum available for breaching ...
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