By Indradip Ghosh BENGALURU, Oct 20 (Reuters) – The Federal Reserve will skip raising interest rates this month and deliver a hike in December, according to nearly all economists polled by Reuters, as policymakers signal patience even as stubborn inflation argues for a tougher response. Despite repo
By Paul Sandle LONDON, Oct 20 (Reuters) – Britain’s competition regulator said on Tuesday it was seeking to loosen Apple’s grip on contactless payments by proposing that the company lower fees and remove technical barriers, helping rival services compete with Apple Pay. The Competition and Markets A
Oct 20 (Reuters) – Companies have pledged more than €225 billion ($252 billion) worth of investments as part of the inaugural 2026 edition of the Invest in Germany Summit held in Berlin, the Ministry for Economic Affairs and Energy said on Tuesday. Here are some investments that companies have annou
Oct 20 (Reuters) – Apple said on Tuesday it has committed to purchasing up to $100 million of titanium over three years from a Pennsylvania-based company as part of the iPhone maker’s push to expand manufacturing in the United States. The purchase agreement with Perryman Company, part of Apple’s Ame
By Tharuniyaa Lakshmi and Ragini Mathur Oct 20 (Reuters) – Nasdaq 100 futures slipped on Tuesday, pressured by renewed weakness in AI-linked stocks and a rebound in oil prices, as investors braced for major corporate earning reports. CoreWeave dropped 4.7% and Nebius Group lost 4.9% in premarket tra
Oct 20 (Reuters) – RTX raised its full-year profit and revenue forecasts on Tuesday as sustained demand for commercial aerospace services and military programs pushed its backlog to a record $340 billion and lifted third-quarter results. The maker of Pratt & Whitney engines and Raytheon missile syst
Oct 20 (Reuters) – Prudential Financial said on Tuesday it would sell its Brazil and Mexico units to French insurance group CNP Assurances Group for $4.03 billion in cash as the US insurer continues to simplify its business. “We remain focused on narrowing our geographic footprint and building a sim
By Kalea Hall Oct 20 (Reuters) – General Motors’ third-quarter core profit rose sharply on the back of strong pickup truck sales, but its shares fell on Tuesday after the automaker’s earnings-per-share forecast for the full year fell short of analyst expectations. The company said quarterly earnings
By Rajesh Kumar Singh and Shivansh Tiwary Oct 20 (Reuters) – GE Aerospace on Tuesday raised its 2026 profit forecast for the second time this year, as demand for aircraft engine repairs and spare parts remained strong despite surging fuel costs that have squeezed airline profits. Airlines worldwide
Oct 20 (Reuters) – Walmart on Tuesday launched a $120-a-year bundle combining its Walmart+ and Sam’s Club Plus memberships, offering shoppers a discount of nearly $100 versus buying the subscriptions separately ahead of the holiday season. Here are some details: • The retail giant heads into the hol
By Kylie Madry MEXICO CITY, Oct 20 (Reuters) – Brazilian airline Azul expects its recovery to take longer than previously hoped and is sticking to a cautious growth plan, Chief Financial Officer Antonio Carlos Garcia told Reuters, as high jet fuel prices continue to squeeze margins even after the ca
Oct 20 (Reuters) – ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia’s new RTX PRO 5500 graphics cards with a collective sticker price of over $35 billion, two people familiar with the matter said, in a rush for a less powerful but export-compliant chip amid US restrictions o
By Philip Blenkinsop BRUSSELS, Oct 20 (Reuters) – European airfares will see their “biggest increase in history” next year, Ryanair CEO Michael O’Leary said on Tuesday, with airlines largely unhedged against higher jet fuel costs. O’Leary forecast there would be fewer seats available next year as a
By Samuel Indyk LONDON, Oct 20 (Reuters) – European companies are expected to deliver another quarter of exceptional earnings growth, again driven mainly by profits at energy companies and those pivotal to the datacentre buildout, although signs are emerging of strength elsewhere. Third-quarter earn
By Siddarth S Oct 20 (Reuters) – Most global banks have limited exposure to CoreWeave, J.P. Morgan estimated on Tuesday, after the Nvidia-backed cloud company’s stocks and bonds slumped last week on investor worries over debt financing. AI infrastructure spending has been rattling investors globally
By Stephanie Kelly, Dimitri Rhodes and Sheila Dang LONDON, Oct 20 (Reuters) – Oil majors are set to post a big jump in third-quarter profit as the US-Israeli war on Iran has boosted refining and trading results, while investors will monitor how wisely they use their cash piles and whether they resis
By Leika Kihara and Takahiko Wada TOKYO, Oct 20 (Reuters) – The Bank of Japan may raise its inflation outlook for the next fiscal year in forecasts due this month, as rising oil prices exert longer-than-expected price pressures on the economy, four sources familiar with the central bank’s thinking s
By Ju-min Park and Christina Amann BEIJING/BERLIN, Oct 20 (Reuters) – When Volkswagen turned to EV maker Xpeng in 2023 to help fix its flailing Chinese business, executives touted the partnership as a shortcut to developing cars tailored for China at the high speed of the local auto sector. Three ye
HONG KONG/Tokyo, Oct 20 (Reuters) – Japanese banks Mizuho Financial Group and Daiwa Securities are poised to launch fully independent securities operations in China after clearing crucial regulatory hurdles, according to a Bloomberg report. The move highlights expansion efforts by Japanese financial
A look at the day ahead in European and global markets from Rocky Swift A rocky start for a South Korean startup cast a shadow over highly anticipated announcements by AI hyperscalers this week. AI infrastructure company Elice Group sank nearly 30% below its initial public offering price on Tuesday,
By Rocky Swift TOKYO, Oct 20 (Reuters) – Asian stocks retreated broadly on Tuesday while oil prices rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies. The euro recouped some losses from the previous session that were spurred by escalating riots in France.
BEIJING, Oct 20 (Reuters) – China imported 360,878 metric tons of US soybeans in September, up from zero a year earlier, as soybeans bought under a deal to end last year’s trade war continued to arrive at Chinese ports. • Imports from Brazil fell 2.4% year-on-year to 10.7 million tons from 10.96 mil
SHANGHAI, Oct 20 (Reuters) – China kept its benchmark lending rates unchanged for the 17th straight month in October on Tuesday, in line with market expectations. WHY IT’S IMPORTANT The steady loan prime rates (LPRs) suggest policymakers are in no rush to roll out fresh monetary easing after a stro
By Gregor Stuart Hunter SINGAPORE, Oct 20 (Reuters) – The yen snapped a two-day losing streak against the dollar in Asian trading on Tuesday after an auction of long-dated Japanese government bonds drew record demand, while growing political risk in Europe continued to test traders’ nerves. An aucti
PARK CITY, Kansas, Oct 19 (Reuters) – US President Donald Trump said on Monday that Mexico and the United States are very close to agreeing to a “great” trade deal. Trump was speaking at a political rally in Kansas. (Reporting by Bo Erickson; Writing by Ryan Patrick Jones) Brought to you by www.srnn
Oct 19 (Reuters) – Alphabet’s self-driving unit Waymo plans to expand its fleet five-fold to 20,000 by the end of next year using $5 billion it raised earlier this month, Semafor reported on Monday, citing people familiar with the matter. • The autonomous ride-hailing service provider, which current
SAO PAULO, Oct 19 (Reuters) – A Rio de Janeiro court on Monday approved Brazilian retailer Americanas’ formal conclusion of bankruptcy proceedings, the company said in a securities filing. • Americanas unveiled accounting inconsistencies in early 2023 worth multi-billion dollars that led it to file
Oct 20 (Reuters) – National Australia Bank said on Tuesday it expects to reduce its internal workforce by up to 2,500 roles in 2027 as part of a broader overhaul aimed at simplifying its operating model and funding growth and technology initiatives. (Reporting by Rajasik Mukherjee in Bengaluru; Edit
By David Shepardson WASHINGTON, Oct 19 (Reuters) – US Transportation Secretary Sean Duffy is expected to announce on Tuesday that the Federal Aviation Administration has approved the Boeing 737 MAX 10 during a visit to Washington State, sources briefed on the plans told Reuters. Duffy is set to appe
By Jamie McGeever ORLANDO, Florida, Oct 19 (Reuters) – Wall Street recovered some ground on Monday as investors bought back beaten-down tech stocks and looked forward to key earnings reports, while easing worries over AI also cooled last week’s safe-haven demand for bonds and pushed yields higher. U
