By Svea Herbst-Bayliss NEW YORK, Oct 19 (Reuters) – Starboard Value is preparing to nominate directors for election to the board of Knife River Corp as the activist investor steps up pressure on the construction company to improve its profit margins or put itself up for sale, people familiar with th
BERLIN/FRANKFURT, Oct 19 (Reuters) – Chancellor Friedrich Merz appealed to Germany’s businesses to embrace artificial intelligence at an industry summit in Berlin on Monday that was meant to attract investment, including an expected deal with US chip maker Nvidia. Speaking alongside Nvidia CEO Jense
By Kylie Madry MEXICO CITY, Oct 19 (Reuters) – Aeromexico is evaluating new flights to the United States from Mexico City after Washington lifted restrictions that had barred Mexican airlines from adding new services from the capital’s two main airports, the carrier’s finance chief said on Monday. R
Oct 19 (Reuters) – Tesla filed its proxy statement with the US Securities and Exchange Commission on Monday asking shareholders to re-elect CEO Elon Musk, Chair Robyn Denholm and director JB Straubel to three-year terms at its December 3 annual meeting. The filing comes nearly a year after the EV ma
TOKYO, Oct 19 (Reuters) – Hong Kong has seen an increase in listings of growth companies — those yet to achieve sustained profitability but with strong growth potential — due to improved market infrastructure, the CEO of its Securities and Futures Commission said on Monday. Among firms listed on Hon
By Georgina McCartney and Marianna Parraga HOUSTON, Oct 19 (Reuters) – Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild
Oct 19 (Reuters) – CNN chief international anchor Christiane Amanpour will leave next year, after 43 years with the network, according to an internal memo seen by Reuters on Monday. The news channel has recently come under the ownership of Skydance, whose CEO David Ellison has faced criticism over h
By Marc Jones LONDON, Oct 19 (Reuters) – S&P Global estimates the world’s biggest tech firms are likely to have more AI-linked liabilities than currently known, although its top analyst for the sector sees no need to change any ratings at present. Debt issued by AI infrastructure providers and so-ca
By Blake Brittain WASHINGTON, Oct 19 (Reuters) – The US Supreme Court rejected on Monday a challenge by a group of music labels to a judicial decision that said a law allowing creators to terminate copyright grants and reclaim their rights applies globally and not only to US copyrights. The justices
By Stephen Nellis SAN FRANCISCO, Oct 19 (Reuters) – Nvidia has won central processor chip business with another fast-growing AI startup that until now relied entirely on chips from Intel and AMD, an early sign that its push into a market long controlled by those two rivals has traction. Modal, a clo
WASHINGTON, Oct 19 (Reuters) – US homebuilder sentiment plunged to the lowest level in nearly 14-1/2 years in October as the Middle East conflict boosted mortgage rates and prices of energy-related building materials, a survey showed on Monday. The National Association of Home Builders/Wells Fargo H
By Aditya Kalra NEW DELHI, Oct 19 (Reuters) – Indian tax officials are investigating whether liquor giants Pernod Ricard and Diageo wrongly classified some bulk Scotch imports, allowing them to pay lower tariffs introduced under the recently agreed India-UK trade pact, five industry sources familiar
By Mike Dolan Oct 19 (Reuters) – After a withering shakeout in AI-linked tech stocks last week, earnings reports from Meta and others due in the next few days will provide another opportunity to test the waters. The severity of the selloff was exemplified by the SOX chip index’s more than 10% weekly
Oct 19 (Reuters) – Tenstorrent said on Monday it raised $1.5 billion in a late-stage funding round that valued the AI chip startup at $6.2 billion post-money, more than doubling its valuation from December 2024. Here are some more details: • The Santa Clara, California-based company said it would us
Oct 19 (Reuters) – US investment firm KKR said on Monday it will sell railcar-leasing company Infinity Transportation to peer Ares Management for about $2.9 billion. Atlanta-based Infinity Transportation is a railcar and intermodal equipment lessor that owns and manages about 50,000 railcars leased
By Gabriel Araujo SAO PAULO, Oct 19 (Reuters) – Brazil’s airline industry fears that the implementation of an impending consumption tax reform could raise fares and curb passenger growth, as the country’s tight presidential election fans uncertainty over a policy due to kick in next year. Right-wing
By Howard Schneider CLEVELAND, Oct 19 (Reuters) – The artificial intelligence boom, increasingly acknowledged at the Federal Reserve as helping drive inflation, has left central bankers faced with cooling the rest of the economy to lower price pressures amplified by an industry of marquee names like
By Tom Hals WILMINGTON, DEL., Oct 19 (Reuters) – US grocery chain Albertsons Companies will begin making its case in court on Monday for more than $8 billion in damages against larger rival Kroger for allegedly sinking their agreed $24.6 billion merger two years ago. Idaho-based Albertsons, whose ch
By Nupur Anand NEW YORK, Oct 19 (Reuters) – JPMorgan Chase said it has invested $5 billion in equity in industries critical to US economic and national security, as banks seek to capitalize on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience. The lender al
By Bart H. Meijer and Foo Yun Chee Oct 19 (Reuters) – KKR was hit with EU antitrust charges on Monday, alleging it misled regulators during their review of its €22 billion acquisition of Telecom Italia’s fixed-line network two years ago, exposing the US buyout group to a potentially hefty fine. The
By Tharuniyaa Lakshmi and Ragini Mathur Oct 19 (Reuters) – The S&P 500 and Nasdaq indexes were set to open higher on Monday, as AI-related stocks rebounded from last week’s sharp selloff, while a decline in oil prices provided additional support ahead of key earnings reports this week. Both indexes
SHANGHAI, Oct 19 (Reuters) – China is set to leave benchmark lending rates unchanged for a 17th consecutive month in October, a Reuters survey showed, after better-than-expected third-quarter GDP data lessened prospects for near-term easing. The loan prime rate (LPR), normally charged to banks’ mos
By Tristan Veyet Oct 19 (Reuters) – Lindt & Sprüngli said on Monday that CEO Adalbert Lechner was leaving the company following the chocolate maker’s recent outlook cuts and weak performance in Europe, with former CEO Dieter Weisskopf taking over as interim chief with immediate effect. “The Board of
By Olivia Kumwenda-Mtambo CAPE TOWN, Oct 19 (Reuters) – As African nations push miners to build refineries and smelters at home, government and industry officials say a major obstacle risks crimping investment: a shortage of cheap, reliable electricity. From Guinea’s bauxite to Zimbabwe’s lithium, g
By Ankur Banerjee and Stefanno Sulaiman SINGAPORE/JAKARTA, Oct 19 (Reuters) – Indonesian capital markets were battered on Monday, with stocks hit by a record two-day rout as an expulsion warning from MSCI scared off investors, heaping pressure on Jakarta to respond to the index provider’s long-stand
By Dave Graham and Ariane Luthi ZURICH, Oct 19 (Reuters) – Swiss lawmakers face a quandary as they craft new capital rules for UBS following the 2023 collapse of Credit Suisse: too strict and Switzerland’s biggest bank might move abroad, too lax and a potential referendum could prolong the uncertain
By Leika Kihara TOKYO, Oct 19 (Reuters) – Bank of Japan Governor Kazuo Ueda said underlying inflation is “quite close” to the central bank’s 2% target with strong global AI demand adding to inflationary pressure from a tight job market, signalling scope for further rate increases. The remarks came a
A look at the day ahead in European and global markets from Wayne Cole. So oil slips on the chance of increased Russian shipments after President Donald Trump waived some sanctions on Moscow, or did he? Trump himself seems unsure, telling reporters, “A lot of you don’t know what my decision is yet,
By Ellen Zhang, xiuyuan ning, Kevin Yao and Yukun Zhang BEIJING, Oct 19 (Reuters) – China’s economic growth bounced off three-year lows in the third quarter, as roaring exports offset consumers’ tight grip on their wallets, though analysts warn the growing reliance on external drivers is deepening s
By Wayne Cole SYDNEY, Oct 19 (Reuters) – Asian share markets mostly slipped on Monday as unease over AI’s enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth. A fall in oil prices offered some
