By Heekyong Yang and Hyunjoo Jin
SEOUL (Reuters) - Tesla CEO Elon Musk said the U.S. automaker had signed a $16.5 billion deal to source chips from Samsung Electronics, a move expected to bolster the South Korean tech giant's loss-making contract manufacturing business.
Samsung's shares jumped as much as 6.8% to their highest since September last year after news of the deal.
Musk said Samsung's new chip factory in Taylor,... (continue reading...)
By Rocky Swift and Alun John
TOKYO/LONDON (Reuters) -The dollar rose against major peers on Monday after the United States and the EU struck a framework trade pact, the latest in a flurry of deals to avert a global trade war, with investors also looking to this week's U.S. and Japanese central bank meetings.
Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen said the deal provided... (continue reading...)
By Florence Tan and Sam Li
SINGAPORE (Reuters) -Oil prices rose on Monday after the United States clinched a trade deal with the European Union and may extend a tariff pause with China, relieving concerns that higher levies could have hurt economic activity and limited fuel demand.
Brent crude futures inched up 61 cents, or 0.89%, to $69.05 a barrel by 0647 GMT, while U.S. West Texas Intermediate crude stood at $65.75 a barrel, up 59 cents,... (continue reading...)
By Ankur Banerjee and Gregor Stuart Hunter
SINGAPORE (Reuters) -Global stocks rose and the euro appreciated on Monday after a trade agreement between the United States and the EU lifted sentiment and provided some clarity in a week of key policy meetings by the Federal Reserve and the Bank of Japan.
The U.S. struck a framework trade agreement with the European Union, imposing a 15% import tariff on most EU goods - half the threatened rate, a... (continue reading...)
(Reuters) -The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump's efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday.
The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials.
... (continue reading...)More Reuters
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump and Starmer to meet in Scotland with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump, Starmer to meet in Scotland, with trade and Gaza on agenda
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Trump pauses export controls to bolster China trade deal, FT says
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Trump pauses export controls to bolster China trade deal, FT says
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Russia's night attack wounds eight in Kyiv, Ukraine says
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US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting
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Intense rains lash China swelling waterways, rivers; landslide kills four
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Rubio says US officials are in Malaysia to help in Cambodia-Thailand talks
