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Tariffs, Fed, tech results headline jam-packed markets week

By Lewis Krauskopf NEW YORK (Reuters) -A looming U.S. deadline for more severe global tariffs is among a barrage of upcoming events threatening to disrupt an increasingly calm U.S. stock market that has set a string of all-time highs. President Donald Trump has extended a deadline ...
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Tradition meets AI in Nishijinori weaving style from Japan’s ancient capital

KYOTO, Japan (AP) — Nishijinori, the intricate weaving technique for kimonos that dates back more than a thousand years in Japan’s ancient capital of Kyoto, is getting a high-tech collaborator: artificial intelligence. The revered colorful weaving style associated with “The Tale of Genji” of the ...
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Goldman, J.P. Morgan scale back ECB rate cut views on resilient economy, potential EU-US deal

(Reuters) -Goldman Sachs and J.P. Morgan downsized their expectations for further rate cuts by the European Central Bank a day after the central bank kept rates steady, pointing to a resilient economy and hopes that a European Union-U.S. tariff deal was on the cards. In ...
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Euro zone companies warn of slowing economy, China competition, ECB poll shows

FRANKFURT (Reuters) -Euro zone companies are facing a slowing economy and increased competition from China as U.S. tariffs dent confidence and force rivals to seek new markets, a European Central Bank poll showed on Friday. The ECB left interest rates unchanged on Thursday and offered ...
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Australia should compromise to reach EU trade deal, minister says

CANBERRA (Reuters) -Australia should accept compromises to reach a trade deal with the European Union and demonstrate that such agreements can still be reached in a more protectionist world, Trade Minister Don Farrell said on Friday. Farrell said in a speech at the Lowy ...
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Exclusive-Shanghai bourse gives bond investors a taste of high yields with new framework, sources say

(Reuters) -The Shanghai Stock Exchange plans to facilitate more companies to issue bonds and attract investors with a new framework for such issuances, two sources said, as China looks to boost funding options for the private sector to revive its economy. Fifty-three bonds worth 37 ...
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Puma shares dive after warning of full year loss

(Reuters) -Puma’s shares were seen down around 20% in early trade on Friday after the German sportswear brand slashed its full-year outlook and posted weaker-than-expected quarterly results on Thursday, citing increased currency headwinds and impacts from U.S. tariffs The company now expects an earnings before ...
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Intel shares drop almost 6% on disappointing guidance, job cuts

LONDON (Reuters) -Shares of Intel were down 5.8% in Frankfurt on Friday after the company said it expects steeper losses than Wall Street forecasts in the third quarter and announced plans to slash jobs. The company plans to reduce headcount to 75,000 by the ...
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Remy Cointreau’s first-quarter sales rise 5.7%, beating forecast

LONDON (Reuters) -Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance on Friday as tariff threats receded, kindling some optimism around the embattled French spirits maker. The maker of Remy Martin cognac and Cointreau liqueur said ...
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Volkswagen lowers guidance as tariffs hit profit in second quarter

By Rachel More BERLIN (Reuters) -Volkswagen on Friday gave its first assessment of how U.S. President Donald Trump’s trade war with Europe is expected to impact its 2025 earnings after tariffs dealt a blow to the German auto giant’s operating profit in the second quarter. Europe’s ...
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Kia Corp takes $570 million hit from US tariffs in second quarter

SEOUL (Reuters) -South Korea’s Kia Corp said on Friday that it suffered a hit of 786 billion won ($570 million) from U.S. tariffs in the April to June period. Kia, the world’s No.3 automaker together with affiliate Hyundai Motor, said its operating profit slumped ...
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Japan says profits from US investments in trade deal to be shared according to contributions

TOKYO (Reuters) -Japan’s government said on Friday that profits from a $550 billion investment package agreed in this week’s tariff deal with the U.S. would be split between Japan and the U.S. according to the degree of contributions by each side. The comment from a ...
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