Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
* GRAPHIC-2019 asset returns: http://tmsnrt.rs/2jvdmXl (Updates with closing prices)
LONDON, May 14 (Reuters) - Copper rebounded on Tuesday as investors emboldened by solid supply and demand fundamentals sought bargains after tit-for-tat trade tariffs between the United States and China triggered a fall in prices.
China said on Monday that it would impose higher tariffs on most U.S. imports on a revised $60 billion target list, hitting back at a U.S. tariff increase on $200 billion worth of Chinese goods, only days after markets were expecting a trade deal.
Benchmark copper on the London Metal Exchange ended 0.3% up at $6,027 a tonne after touching a 15-week low the previous day.
"There is inherent uncertainty from a macro perspective but from a supply-demand basis this would be a buying opportunity," said Deutsche Bank analyst Nick Snowdon.
"For the time being there will be a bit of caution until we see some stability in the trade war."
TRADE WAR: China and the United States have the "ability and wisdom" to reach a trade deal that is good for both, China's top diplomat said, while U.S. President Donald Trump said he thought recent talks in Beijing would be successful.
ELECTRIC VEHICLES: The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the countrys metal reserves largely unknown and only a few facilities to process minerals and produce batteries.
ZINC SPREADS: The premium of cash zinc over the three-month contract <MZN0-3> hit its highest since 1997 at $141, signalling worries about nearby supply, owing to large holdings of warrants and cash contracts. <0#LME-WHL> <0#LME-WHL>
However, zinc prices in the second half of 2019 are expected to drop as Chinese smelters' output will increase further in the second half of this year.
* ZINC TECHNICALS: LME zinc, which closed 1.1% higher at $2,594 a tonne, was likely to stabilise around its 200-day moving average at $2,529.50, Commerzbank technical analysts said in a note.
PRICES: Three-month aluminium rose 2% to $1,845 a tonne, lead added 1% to $1,802.5, tin gained 2.4% to $19,795 while nickel was bid up 1.1% to $11,900.
(Additional Reporting by Mai Nguyen in Singapore, Eric Onstad in London; Editing by Ed Osmond and David Goodman)