BlackRock courts investors ahead of Aramco gas pipelines bond sale -sources
By Yousef Saba DUBAI (Reuters) – BlackRock Inc has held meetings with investors in London to drum up interest in a bond sale to begin …
Financial News
BOJ conducted rate check in apparent preparation for currency intervention -Nikkei
TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday citing …
Google must face most of Texas lawsuit over ad dominance, judge rules
By Paresh Dave OAKLAND, Calif. (Reuters) -Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit …
China seen holding medium-term rate steady despite growing economic gloom
SHANGHAI (Reuters) – China’s central bank is widely expected to pause its monetary easing efforts and keep the medium-term policy rate steady this month, a …
Foreign investors snap up Indian bonds set for inclusion in global indexes
(Corrects spelling to Ashish Agrawal from Ashish Agarwal in paragraphs 3, 4 and 14) By Dharamraj Lalit Dhutia MUMBAI (Reuters) -Foreign investors have stepped up …
U.S. to discuss new chips bill with Taiwan next month
By Sarah Wu TAIPEI (Reuters) – The United States will hold talks with Taiwan next month to discuss new U.S. legislation designed to boost the …
Fosun denies reports China regulators asked banks to report exposure to it
SHANGHAI (Reuters) -Fosun International said on Wednesday that media reports saying Chinese regulators have told the country’s biggest banks to start a round of checks …
China reaps energy windfall as West shuns Russian supplies
By Muyu Xu and Emily Chow SINGAPORE (Reuters) – China is buying more and less expensive energy supplies from Russia this year, reaping the benefits …
Upset by high prices, GM’s Cruise develops its own chips for self-driving cars
By Jane Lanhee Lee and Hyunjoo Jin SAN FRANCISCO (Reuters) – General Motors’ autonomous driving unit Cruise has developed its own chips for self-driving cars …
Honda says it has no plan to separate and list motorcycle business
TOKYO (Reuters) – Japan’s Honda Motor Co Ltd has no plan to hive off its electric motorcycle business and list it on a stock exchange, …
Virgin Australia says high staff illness rates hampering capacity, lifting fares
By Jamie Freed SYDNEY (Reuters) – Virgin Australia has been unable to provide enough domestic capacity to meet demand, which is tracking above 2019 levels …
Bed Bath & Beyond interim CEO to stay in post for at least a year – source
By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) – Bed Bath & Beyond Inc’s interim CEO Sue Gove will likely lead the financially struggling …
Japan’s machinery orders post surprise gains in July
By Daniel Leussink and Kantaro Komiya TOKYO (Reuters) -Japan’s core machinery orders extended gains in July, raising hopes business growth spending may offset near-term headwinds …
Citigroup expects sale or IPO of Mexico consumer business next year
NEW YORK (Reuters) – Citigroup Inc expects to divest its Mexican consumer business via a sale or initial public offering that could happen next year, …
Venezuela inflation accelerates to 8.2% m/m in August
CARACAS (Reuters) – Venezuela’s monthly inflation rate increased to 8.2% in August from 7.5% in July, according to data released on Tuesday by the country’s …
U.S. signs deal with Google to develop chips for researchers
By Kanishka Singh WASHINGTON (Reuters) -The U.S. Commerce Department said it reached a cooperative research and development agreement with Alphabet Inc’s Google to produce chips …
Twitter whistleblower reveals employees concerned China agent could collect user data
By Sheila Dang and David Shepardson (Reuters) -The FBI informed Twitter Inc of at least one Chinese agent working at the company, U.S. Senator Chuck …
Starbucks projects profit growth from tech, stores, workers spending
By Hilary Russ SEATTLE (Reuters) -Starbucks Corp projects profits to grow between 15% to 20% per share over the next three years, a significant increase …
Stellantis to buy back shares worth about $920 million from GM
(Reuters) – American-Italian-French automaker Stellantis NV said on Tuesday it will buy back shares worth about 923 million euros ($919.31 million) from General Motors Co. …
Japan Sept factory mood tanks on cost pressure – Reuters Tankan
By Kantaro Komiya TOKYO (Reuters) – Business confidence of Japanese manufacturers retreated in September from a seven-month high, while service firms’ sentiment fell to a …
Wall St tumbles to biggest loss in two years following CPI data
By Stephen Culp NEW YORK (Reuters) – A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the …
IMF confirms plan to expand emergency aid to help countries deal with food shocks
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund (IMF) on Tuesday confirmed that it is moving toward expanding emergency financing for countries hit by …
JPMorgan, BofA cautious on job cuts as Goldman layoffs loom
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -JPMorgan Chase and Bank of America, the two largest U.S. banks by assets, expressed caution about …
“Super bearish” fund managers’ allocation to global stocks at all-time low – BofA survey
LONDON (Reuters) – Fund managers are “super bearish” with average allocations to cash at the highest since 2001 and allocation to global stocks at an …
IMF’s Georgieva, Zelenskiy discussed ways to boost Ukraine funds
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said she and Ukraine’s President Volodymyr Zelenskiy on Tuesday agreed to explore ways to …
Raytheon trims full-year free cash flow outlook
(Reuters) – Defense contractor Raytheon Technologies Corp on Tuesday trimmed its full-year free cash flow forecast, amid inflationary pressures, higher costs and supply chain snags. …
Analysis-Wall St outlook darkens as grim inflation report tees up more Fed hawkishness
By Lewis Krauskopf and David Randall NEW YORK (Reuters) -An already-murky outlook for U.S. stocks and bonds is growing darker, as sizzling inflation ratchets up …
DuckDuckGo, Mozilla and others support Klobuchar bill in rein in big tech
WASHINGTON (Reuters) – A group of 13 companies urged the U.S. Congress on Tuesday to approve a bill that would rein in giant tech companies …
Mercedes-Benz climate case dropped by German court, appeal planned
By Victoria Waldersee BERLIN (Reuters) -A lawsuit accusing Mercedes-Benz of infringing on people’s freedoms by exacerbating climate change was dropped by the Stuttgart district court …
Pemex deepwater gas project draws rebuke from Mexico’s regulator
(In paragraph 12, corrects that Lopez Obrador took office in 2018, not 2019) By Stefanie Eschenbacher, Adriana Barrera and Ana Isabel Martinez MEXICO CITY (Reuters) …
U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources
By P.J. Huffstutter and Tom Polansek CHICAGO (Reuters) – Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential …
IMF’s Georgieva says China, other big creditors must work to prevent debt ‘explosion’
WASHINGTON (Reuters) – China and other big creditors have a responsibility to prevent the debt problems facing emerging market and low-income countries from exploding, International …
Oil dips nearly 1%, reversing gains after bearish U.S. economic data
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices ended nearly 1% lower on Tuesday, reversing earlier gains as U.S. consumer prices unexpectedly rose in August, giving …
German government sells remaining Lufthansa shares
BERLIN (Reuters) -The German government has sold off its 20% stake in Lufthansa acquired during the coronavirus pandemic, it said on Tuesday. The state’s economic …
Stocks tumble, dollar rallies as soaring U.S. inflation implies an aggressive Fed
(Updates after U.S. close, adds commentary) By Sinéad Carew NEW YORK (Reuters) – The dollar index rallied on Tuesday and the S&P 500 tumbled 4% …
Dollar index has biggest daily pct gain since 2020 after unexpected rise U.S. consumer prices
By Caroline Valetkevitch NEW YORK (Reuters) – The dollar rallied against the yen, euro and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted …
Cryptoverse: Ether snaps at bitcoin’s heels in race for crypto crown
By Medha Singh and Lisa Pauline Mattackal (Reuters) – For years, ether could barely dream of challenging its big brother bitcoin. Now, its ambitions may …
Stubbornly high rents, food prices boost U.S. inflation in August
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving …
Nomura calls for 100 bps Fed hike in September as speculation rises
(Reuters) -The Federal Open Market Committee, the Federal Reserve’s policy-setting committee, is likely to raise its short-term interest rate target by a full percentage point …
Goodbye 50, hello … 100?
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever The U.S. inflation report for August has landed, and the previously …
U.S. yields jump after CPI surprises to upside in August
By Herbert Lash NEW YORK (Reuters) -U.S. Treasury yields surged and a recession warning – the yield curve inversion – widened on Tuesday after monthly …
Colombia’s congress approves $93.3 billion budget for 2023
BOGOTA (Reuters) – Colombia’s congress on Tuesday approved a record budget of 405.6 trillion pesos ($93.3 billion) for next year, including a spending increase meant …
Mexico lauds U.S. commerce secretary for stance on energy spat
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Tuesday hailed U.S. Commerce Secretary Gina Raimondo for her attitude in talks this week, …
Japan Airlines’ capacity outstrips demand amid COVID curbs, official says
SYDNEY (Reuters) -Japan Airlines Co Ltd (JAL) is operating at 65% of its pre-pandemic international capacity, although COVID-19 curbs are limiting demand to just about …
Corteva to exit some markets, cut jobs in cost-saving push
By Ruhi Soni and Ankit Kumar (Reuters) – Seeds and pesticides company Corteva Inc on Tuesday announced plans to exit about 35 countries and lay …
Ark’s Cathie Wood calls Fed hikes a mistake and preps for deflation
By David Randall NEW YORK (Reuters) – Star stock picker Cathie Wood of Ark Invest cautioned that the Federal Reserve is making a mistake with …
U.S. August budget deficit widens from a year earlier
(Reuters) – The U.S. government posted a $220 billion budget deficit for August, up 29% from the $171 billion gap reported in the same month …
Fed seen getting more aggressive as inflation roars
By Ann Saphir (Reuters) -The Federal Reserve is likely to raise U.S. borrowing costs faster and further than previously expected after data on Tuesday showed …
Wells Fargo to commission third-party racial equity audit in diversity push
(Reuters) – Wells Fargo & Co said on Tuesday it would commission a third-party racial equity audit that will include inputs from both internal and …
France cuts 2023 growth outlook to 1%, but sees deficit target intact
PARIS (Reuters) – The French government is lowering the country’s 2023 economic growth outlook, but sees no need to revise its budget deficit target as …