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China shows signs of tackling the price wars that are taking a toll on its EV industry

BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so ...
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Dollar holds firm against euro, yen as US trade pressure mounts

By Rocky Swift TOKYO (Reuters) -The dollar held gains on Friday after President Donald Trump got his signature tax cut bill across the final hurdle and pressure mounted on countries to secure trade deals with the United States. The greenback rallied from multi-year lows against the ...
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Oil prices steady on solid job market, tariff uncertainty

By Arathy Somasekhar (Reuters) -Oil prices were little changed on Friday as a solid job market bolstered the case for the U.S. Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on President Donald Trump’s plans for tariffs on various countries. Brent ...
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RBA expected to cut rates for third time on July 8 as economy slows: Reuters poll

By Devayani Sathyan BENGALURU (Reuters) -Easing inflation and a slowing economy will prompt the Reserve Bank of Australia to ease policy more than predicted in May, according to a Reuters poll of economists who expect the central bank to deliver a third 25 basis point ...
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Arbitrators in Exxon, Hess dispute over Chevron deal have reached a decision, sources say

HOUSTON (Reuters) -The arbitrators in a legal dispute between Exxon Mobil and Hess have reached a decision related to a major oilfield project in Guyana, according to two sources familiar with the matter, with the ruling determining whether Chevron can move forward with its ...
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Global coffee supply relief possible in three years, ICO head says

By Roberto Samora CAMPINAS, Brazil (Reuters) -Global coffee supply could improve in three years as new plantations spurred by record high prices start producing, International Coffee Organization (ICO) Executive Director Vanusia Nogueira said on Thursday at an event in Brazil. The outlook, however, depends on market ...
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Tesla’s UK sales rise 12% in June from a year ago, New AutoMotive data shows

(Reuters) -Tesla’s new car sales in Britain grew 12% year-on-year in June, data from research group New AutoMotive showed on Friday, as the U.S. automaker started deliveries of its updated Model Y last month. Overall, Britain’s new car registrations in June grew 12.8% from the ...
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Barclays raises Brent forecast to $72 per barrel for 2025

(Reuters) -Barclays on Thursday said it raised its Brent oil price forecast by $6 to $72 per barrel for 2025 and by $10 to $70 a barrel for 2026 on an improved outlook for demand. “Geopolitical tensions have eased as the U.S​.-​mediated ceasefire between Israel ...
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US lets GE restart jet engine shipments to China’s COMAC, source says

By Karen Freifeld (Reuters) -The U.S. told GE Aerospace on Thursday that it can restart jet engine shipments to China’s COMAC, according to a person familiar with the matter, in a further sign of de-escalating U.S.-Sino trade tensions that included concessions from Beijing over rare ...
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Boeing’s new CFO Malave to receive $1.05 million as annual base salary

(Reuters) -Boeing Co said on Thursday that incoming CFO Jesus “Jay” Malave would receive $1.05 million as an annual base salary and he would be eligible for annual and long-term incentive awards with target values of $1.26 million and $6.5 million, respectively. The planemaker said ...
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Clean-energy backers blast US budget bill as a setback

By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) -Advocates of clean energy on Thursday decried the final passage of President Donald Trump’s tax cut bill by the House of Representatives as a reversal of course on the energy transition, while fossil-fuel interests rejoiced. Trump’s fellow Republicans ...
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Exclusive-US lifts license suspensions for GE jet engines to China’s COMAC

By Karen Freifeld (Reuters) -The U.S. Department of Commerce informed GE Aerospace on Thursday that it was once again allowed to ship jet engines to China’s COMAC, lifting license suspensions issued several weeks ago, according to a person familiar with the matter. GE did not respond ...
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