Mamdani vows to dismantle conditions enabling Trump’s rise Trump threatens federal funding cuts over Mamdani’s socialist agenda Democrats gain momentum with election victories Nov 5 (Reuters) – New York City Mayor-elect Zohran Mamdani wasted no time calling out President Donald Trump, formally kicking off the battle that will likely define relations between the 34-year-old mayor…
BEIJING, Nov 5 (Reuters) – China will suspend its 24% additional tariff on U.S. goods for one year but retain a 10% levy, the State Council’s tariff commission said on Wednesday, following last week’s meeting between President Xi Jinping and U.S. President Donald Trump. The commission also announced China, the world’s top agricultural buyer, will…
South Korea leads declines amid broad retreat Bitcoin, gold attempt recovery after selloff Wall Street CEOs question sustainability of rally SINGAPORE, Nov 5 (Reuters) – Asian stocks extended an overnight selloff on Wall Street in early trading on Wednesday as investor concerns about stretched valuations sapped confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan…
BELEM, Brazil, Nov 4 (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Tuesday he will call his U.S. counterpart Donald Trump again if talks between their countries do not progress by the end of COP30, the United Nations climate conference Brazil is hosting this month. Lula and Trump met in Malaysia in…
Morgan Stanley CEO sees 10%-15% equity markets drawdown Analysts and investors debate whether markets are in a bubble Futures linked to Wall Street’s main indexes edge lower Nov 4 (Reuters) – CEOs of Wall Street heavyweights Morgan Stanley (MS.N), opens new tab and Goldman Sachs (GS.N), opens new tab on Tuesday cautioned that equity markets…
Item 1 of 2 Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 29, 2025. REUTERS/Brendan McDermid [1/2]Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 29, 2025. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab Futures…
A look at the day ahead in European and global markets from Kevin Buckland On another day, tech-driven stock rallies to fresh record highs in Tokyo and Taipei would probably signal a bullish tone for regional equities, but not today. Sign up here. Just after those markets edged up to those unprecedented heights, traders turned…
BEIJING, Nov 4 (Reuters) – Tesla’s (TSLA.O), opens new tab China-made electric vehicle sales fell 9.9% to 61,497 units in October from a year earlier, reversing a 2.8% increase in September, data from the China Passenger Car Association showed on Tuesday. Sales of the U.S. automaker’s Model 3 and Model Y vehicles made at its…
COPENHAGEN, Nov 4 (Reuters) – Volvo Cars <VOLCARb.ST, opens new tab> sold 60,455 cars in October, down 2% compared to the same period last year, the Sweden-based company said on Tuesday. “This month’s sales figures reflect the challenging market conditions that continue to impact our business,” Chief Commercial Officer Erik Severinson said in a statement….
Tech drives initial rally, but stock traders cautious after weak US data Divergent views among Fed officials clouds outlook for December rate cut RBA refrains from rate cut, as widely expected TOKYO, Nov 4 (Reuters) – Asian stock markets from Tokyo to Taipei and Seoul retreated from all-time highs on Tuesday, with investors booking profits…