WASHINGTON (Reuters) -Tesla said on Wednesday it has built initial versions of an affordable car, a move likely meant to stem the steep decline in sales the company has experienced in markets across the world.
Elon Musk's electric vehicle maker posted the worst quarterly sales decline in more than a decade and profit that missed Wall Street targets, but its profit margin on making cars was better than many feared.
MARKET REACTION:
... (continue reading...)By Rae Wee
SINGAPORE (Reuters) -The euro crept toward its highest level in nearly four years on Thursday while the yen held to gains following more progress on trade deals between the United States and its largest trading partners, which in turn lifted the broader market mood.
Currencies mostly shrugged off news that U.S. President Donald Trump, a vocal critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, a... (continue reading...)
By Yuka Obayashi and Emily Chow
TOKYO (Reuters) -Oil prices rose around 1% on Thursday, buoyed by optimism over U.S. trade negotiations that would ease pressure on the global economy and a sharper-than-expected decline in U.S. crude inventories.
Brent crude futures gained 64 cents, or 0.9%, to $69.15 a barrel by 0630 GMT. U.S. West Texas Intermediate crude futures climbed 68 cents, or 1%, to $65.93 per barrel.
Both benchmarks... (continue reading...)
By Gregor Stuart Hunter and Rocky Swift
SINGAPORE (Reuters) - Stocks in Asia extended gains on Thursday as optimism on Wall Street over trade deals and corporate earnings shored up investor confidence across the region, while the euro was steady ahead of European Central Bank policy meeting.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4%, hitting a near four-year peak after U.S. stocks ended the previous session at... (continue reading...)
By Kane Wu and Heekyong Yang
HONG KONG/SEOUL (Reuters) -Toss, a popular South Korean app that provides banking and a host of other financial services, aims to list in the U.S. in the second quarter of 2026 with a valuation of more than $10 billion, said two people with knowledge of the plans.
Assuming market conditions are favourable, the valuation could exceed $15 billion, said one of the people, adding that the offering might raise $2... (continue reading...)
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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Hyundai Motor Q2 profit falls 16% as US tariffs weigh
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South Korea police raid HYBE offices, Yonhap reports
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South Korea police raid HYBE offices, Yonhap reports
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South Korea police raid HYBE offices, Yonhap reports
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South Korea police raid HYBE offices, Yonhap reports
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South Korea police raid HYBE offices, Yonhap reports
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South Korea police raid HYBE offices, Yonhap reports
