By Fergal Smith TORONTO, Sept 15 (Reuters) – Canadian home sales fell in August as rising economic uncertainty and increased mortgage rates weighed on activity, data from the Canadian Real Estate Association showed on Tuesday. • Home sales fell 0.7% month-over-month in August. • Sales were down 6.9%
MANILA, Philippines (AP) — A predominantly Muslim region in the southern Philippines held its first elections for a regional parliament Monday and Tuesday following years of delays, moving it closer to self-rule after decades of insurgency and violence. Officials said turnout was over 80%, even as f
TORONTO (AP) — Canadian Prime Minister Mark Carney is heading to Europe in the middle of a trade war with U.S. President Donald Trump, seeking a deeper relationship with the European Union that could give Canadians greater freedom to work and study there. Canada will seek an arrangement that would a
By Sarupya Ganguly BENGALURU, Sept 15 (Reuters) – U.S. mortgage rates will stay higher than previously forecast and decline only modestly over coming quarters, a Reuters poll of property experts showed, keeping home price growth muted through next year. Those borrowing rate expectations, published a
By Wen-Yee Lee TAIPEI, Sept 15 (Reuters) – A Taiwanese union representing workers at Micron Technology warned on Tuesday it could move towards a strike unless the U.S. memory chipmaker agrees to a permanent profit-sharing system, escalating a labour dispute at its largest manufacturing hub. Taiwan i
By Kevin Buckland TOKYO, Sept 15 (Reuters) – The fate of the sharpest yen rally in 18 months rests on the Bank of Japan breaking free of its cautious rate-hiking path, though it risks a sharp reversal if the currency again succumbs to the forces that dragged it to 40-year lows in July. A sudden, mor
Sept 15 (Reuters) – Combined BHP Ports Unions will take top global miner BHP to arbitration after the two parties failed to agree on terms for a new wage deal for its Port Hedland iron ore operations in Western Australia, the union said on Tuesday. Port Hedland is the world’s largest iron ore export
Millions of students every day turn to AI chatbots for help with schoolwork, emotional support and personal advice — often unaware of where their conversations and other personal information end up. How that data is used — and schools’ role in protecting it — is a growing concern for educators, pare
WASHINGTON (AP) — The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s support for a cut. A quarter-point increase in th
NEW YORK (AP) — Bill Gates is warning technology companies and world leaders that they must act now to ensure artificial intelligence combats social inequities rather than deepening disparities — and his foundation is pledging $1 billion to improve access. The Microsoft co-founder made the appeal in
WASHINGTON (AP) — The technology industry’s increasingly urgent warnings about the potential harm of artificial intelligence are slamming into political intransigence in Washington, offering a fresh test of the federal government’s willingness and ability to confront what may become a defining issue
By Arasu Kannagi Basil and Anirban Sen NEW YORK, Sept 15 (Reuters) – Hedge fund managers have raised more capital than planned at the start of the year for the first time in three years, according to an internal report compiled by Bank of America and reviewed by Reuters. Hedge funds are likely to em
By Scott Murdoch SYDNEY, Sept 15 (Reuters) – Global technology investor, Ark Investment Management founder Cathie Wood, said on Tuesday the AI leaders’ pledge to slow the technology’s rapid progression was a positive step to help secure and safeguard the industry’s development. Anthropic CEO Dario A
TOKYO, Sept 15 (Reuters) – A look at the day ahead in European and global markets from Satoshi Sugiyama. U.S. President Donald Trump headed into the week facing a reckoning over two brakes: the one he wants the Federal Reserve to hit on interest rates, and the one he wants Silicon Valley to avoid hi
Sept 15 (Reuters) – Chinese-owned seed giant Syngenta Group has confidentially filed for a Hong Kong IPO and is considering raising about $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Bipasha Dey
By Jennifer Rigby LONDON, Sept 15 (Reuters) – No government in the world is ready for the changes artificial intelligence will bring to society, Bill Gates said in an interview with Reuters, as he warned of the risks ahead. The Microsoft co-founder and billionaire philanthropist had until recently b
By Summer Zhen HONG KONG, Sept 15 (Reuters) – A global multi-asset fund managed by Swiss asset manager Pictet has seen its size tripling to more than $5 billion this year, helped by Chinese investors’ rush into overseas assets, including alternatives and products offering exposure to AI supply chain
(Corrects spelling of first name in the fourth paragraph and surname in the eighth paragraph) By Wa Lone and Kyaw Soe Oo TORONTO, Sept 14 (Reuters) – Hundreds of activists rallied in downtown Toronto on Monday, demonstrating against Prime Minister Mark Carney’s investment summit that seeks to attrac
BEIJING, Sept 15 (Reuters) – China’s industrial output picked up pace in August though sluggish consumption and a worsening investment slump reinforced concerns over deepening economic imbalances. Tuesday’s data highlighted a familiar fault line in the world’s second-largest economy, where resilient
By Satoshi Sugiyama TOKYO, Sept 15 (Reuters) – Asian shares struggled on Tuesday as investors weighed Middle East tensions and calls by industry figures for a slowdown in AI development, while elevated oil prices and higher bond yields added to caution before key central bank meetings in the U.S. an
BEIJING, Sept 15 (Reuters) – China’s new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country’s prolonged property downturn. New home prices fell 0.1% in August, matching the decline in July and June, according to Reuters calcula
Sept 15 (Reuters) – Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf. Brent crude futures rose $1.24, or 1.18%, to $
RICHMOND, Va. (AP) — Power companies NextEra Energy and Dominion Energy, which are seeking approval to merge into one behemoth, announced plans Monday to sweeten the deal in Virginia, Dominion’s home base, where the proposal has faced skepticism from the Democratic governor and legislative leaders.
By David Shepardson WASHINGTON, Sept 14 (Reuters) – The U.S. National Transportation Safety Board said responses by the Federal Aviation Administration to 11 of 33 recommendations made by the board after a 2025 mid-air collision killed 67 people near Washington were “unacceptable” and failed to addr
CHICAGO (AP) — Saudi Arabia’s closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials. The largest oil producer in the Middle East c
By Nivedita Balu and Promit Mukherjee TORONTO, Sept 14 (Reuters) – Canadian Prime Minister Mark Carney welcomes dozens of global investors to Toronto this week, hoping to lure investments for more than 160 projects that he says are key to steering Canada’s economy through a trade war with the United
By Jamie McGeever ORLANDO, Florida, Sept 14 (Reuters) – The 10-year U.S. Treasury yield rose above 5% on Monday for the first time in nearly three years, as yet another rise in energy prices from supply disruptions in the Middle East fueled worries over inflation. Meanwhile, AI stocks dragged Wall S
By Georgina McCartney and Sheila Dang HOUSTON, Sept 14 (Reuters) – U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war. “We would consider an export ban if we thought that actually m
Sept 14 (Reuters) – Wells Fargo said on Monday that John Manning, executive vice president and head of commercial banking market coverage, would retire at the end of the year after more than three decades with the bank. Here are more details: • Manning’s career spanned over 40 years in financial ser
By Nicole Jao NEW YORK, Sept 14 (Reuters) – Exxon Mobil brought its 264,000-barrel-per-day (bpd) refinery in Joliet, Illinois, offline after a power outage occurred on Sunday, the company said on Monday. The outage occurred at about 3:30 p.m. CT on Sunday and power was restored at around 7:00 p.m.,
