LONDON, Oct 15 (Reuters) – The Financial Stability Board (FSB), a global standard setter, has called for greater human oversight of agentic AI in final guidance for banks and other firms on managing the technology’s risks. The FSB’s guidance, published Thursday, comes as regulators ramp up efforts t
By Leika Kihara BANGKOK, Oct 15 (Reuters) – The International Monetary Fund on Thursday projected Asia’s economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and spillovers from rising global bond yield
By Jiaxing Li HONG KONG, Oct 15 (Reuters) – The dollar slipped from an 18-month peak on Thursday as a sharp drop in Treasury yields amid a risk-off mood weighed on the greenback, while cautious remarks from Federal Reserve officials tempered October hike expectations despite hot inflation data. The
By Sam Li and Trixie Yap Oct 15 (Reuters) – Oil prices fell more than 1% on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1.64, or 1.6%,
By Gwladys Fouche OSLO, Oct 15 (Reuters) – Norway is expected to overhaul the ethical rules for its $2.3 trillion wealth fund in response to the findings of a state-appointed commission due on Thursday, a year after it paused divestments in the face of US scrutiny. The Trump administration had prote
By Gregor Stuart Hunter SINGAPORE, Oct 15 (Reuters) – Stocks sold off in Asia on Thursday with the tech supply chain bearing the brunt of the damage, as a quicker-than-expected increase in US consumer price inflation upped expectations for the Federal Reserve to act later this year. MSCI’s broadest
TAIPEI, Oct 15 (Reuters) – TSMC, the world’s largest manufacturer of advanced AI chips, will likely report a sixth consecutive quarter of record earnings on Thursday, driven by booming infrastructure spending in the tech sector. Analysts say demand for Taiwan Semiconductor Manufacturing Co’s (TSMC)
Oct 14 (Reuters) – Rocket Lab on Wednesday said the inaugural launch of its new, larger Neutron rocket was delayed until next year, sending the space firm’s shares down about 6% in extended trading. Here are more details: • Rocket Lab had previously targeted Neutron’s inaugural flight for the fourt
By Ann Saphir SAN FRANCISCO, Oct 14 (Reuters) – The Federal Reserve will probably need to increase short-term interest rates further to rein in too-high inflation, San Francisco Federal Reserve President Mary Daly said on Wednesday, but she signaled there is no need to do so at the US central bank’s
By Jamie McGeever ORLANDO, Florida, Oct 14 (Reuters) – US stocks fell sharply on Wednesday, with the Nasdaq clocking its biggest fall in three months, on surprisingly strong inflation data and deepening worries over the costs involved in financing the AI buildout. The inflation figures put a Fed rat
By Abigail Summerville Oct 14 (Reuters) – Investment bank Piper Sandler and advisory firm Perella Weinberg Partners have abandoned talks for an all-stock merger as they could not agree on financial and personnel terms, a person familiar with the matter told Reuters on Wednesday. Shares of Perella We
Oct 14 (Reuters) – CoreWeave CEO Mike Intrator said on Wednesday market can sometimes “misunderstand and act irrationally”, with shares of the AI cloud-computing provider closing down around 15%. Here are some details: • The company’s deal backlog is large enough to more than support its debt obliga
By Arasu Kannagi Basil and Prakhar Srivastava Oct 14 (Reuters) – Wall Street banks struck an optimistic tone on investment banking activity, citing robust deal pipelines and continued client engagement, even as rising bond yields and market volatility threaten to delay transactions. Top banking exec
By Tatiana Bautzer NEW YORK, Oct 14 (Reuters) – A steep selloff in the bond market showed up in Wall Street bank earnings during the last quarter, with some banks showing weaker fixed income trading as high interest rate volatility during the quarter curbed demand for transactions. During the quarte
By Chuck Mikolajczak, Darshan Kumar R and Shashwat Chauhan NEW YORK, Oct 14 (Reuters) – Major AI stocks slumped on Wednesday following the latest hot US inflation report, highlighting investor concern about the risks posed by rising borrowing costs in this capital-intensive sector. Among the leading
Oct 14 (Reuters) – The US labor market remained stuck in a low-hire, low-fire state and inflation was intensifying across parts of the country in recent weeks, a Federal Reserve report showed on Wednesday, underscoring what’s at stake as the central bank weighs whether to deliver a second straight i
By David Shepardson WASHINGTON, Oct 14 (Reuters) – US Transportation Secretary Sean Duffy on Wednesday is meeting with the CEOs of major aerospace companies including Boeing and GE on his efforts to reform new aircraft certification, officials said. On Sept. 30, Duffy said he wants to speed certific
(Refiles to add dropped word in last paragraph) By Pratima Desai LONDON, Oct 14 (Reuters) – President Donald Trump’s tariff threat helped to build copper stockpiles of more than 1 million metric tons in the United States without spending public money, but the flow is slowing as traders await a decis
By David Shepardson WASHINGTON, Oct 14 (Reuters) – A group of Democratic lawmakers on Wednesday urged the Federal Aviation Administration to conduct a new environmental review before allowing an Amazon Prime Air drone delivery hub to be located about 30 miles (48.28 km) west of Boston. Massachusetts
By Svea Herbst-Bayliss and Abigail Summerville NEW YORK, Oct 14 (Reuters) – JPMorgan Chase is hiring veteran senior consumer and retail M&A banker Richard Peacock from Bank of America, people familiar with the matter said on Wednesday. Peacock, who joined Bank of America over a decade ago, is the la
By Prathik Jayaprakash and Anzar Mehraj Oct 14 (Reuters) – Netflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and YouTube
Oct 14 (Reuters) – Citigroup said on Wednesday it expects the Federal Reserve to raise interest rates by 25 basis points in December after US consumer inflation data for September came in significantly above expectations. The brokerage had been the lone holdout, forecasting no further Fed rate moves
A diesel supply deal with the United States will boost Russia’s economy and include direct exports to the U.S. market, Deputy Prime Minister Alexander Novak said Wednesday. “Without a doubt, this is a positive signal for our economy,” Novak told reporters on the sidelines of the Russian Energy Week
Oct 14 (Reuters) – Bending Spoons shares rallied 34% on Wednesday after Berkshire Hathaway invested another $330 million in the owner of Vimeo and AOL, a big endorsement from the high-profile investor whose moves traders closely follow. The purchase builds on the $600 million Berkshire invested in B
By Tim Hepher TOULOUSE, France, Oct 14 (Reuters) – Aviation will need to hire 2.44 million people over the next two decades to serve air travel, including 730,000 for maintenance shops where acute labour shortages have been one of the sector’s biggest headaches, Airbus said on Wednesday. The forecas
By Lucia Mutikani WASHINGTON, Oct 14 (Reuters) – US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back o
By Pritam Biswas and Tatiana Bautzer Oct 14 (Reuters) – Morgan Stanley beat third-quarter profit estimates on Wednesday, as market volatility due to the interest-rate decision and the US-Iran war boosted equity trading, while advisory roles and M&A fees lifted investment banking income. The market t
By Selena Li BANGKOK, Oct 14 (Reuters) – The US Federal Reserve has time to wait and see how financial markets and the economy evolve after its September rate rise before deciding whether to take any more action, its Vice Chair for supervision Michelle Bowman said on Wednesday. “I don’t feel any urg
Oct 14 (Reuters) – Bank of America missed third-quarter profit estimates on Wednesday due to weakness in its trading business and disclosed a $1.2 billion charge tied to a regulatory penalty over failures to detect potential money-laundering activity. Shares of the second-biggest US lender fell 6.3%
By Mike Dolan Oct 14 (Reuters) – What matters in US and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Some calm has returned to the wobbly chip sector this morning as market attention now swings back to today’s US inflation report and a likely fuel-aggravated pickup in pri
