By Kevin Yao and Shi Bu BEIJING, Oct 14 (Reuters) – New bank lending in China rose more than expected in September, rebounding sharply from a weak August as policymakers stepped up targeted monetary support for the slowing economy. Chinese banks extended 1.08 trillion yuan ($161.37 billion) in new l
Oct 14 (Reuters) – BlackRock surpassed Wall Street profit expectations and attracted $205 billion in total inflows in the third quarter, sending the world’s largest asset manager’s shares up 5% in premarket trading on Wednesday. The benchmark S&P 500 extended its steady climb in the quarter to hover
By Tharuniyaa Lakshmi and Purvi Agarwal Oct 14 (Reuters) – S&P 500 and Dow futures edged higher on Wednesday as AI-related stocks steadied after a recent selloff, though elevated oil prices kept investors on edge ahead of key inflation data and amid another round of big bank earnings. Bank of Americ
By Nora Eckert DETROIT, Oct 14 (Reuters) – United Auto Workers President Shawn Fain’s re-election last week was a breeze. His second term leading the 400,000-member labor group might not be as easy. Fain became a labor-movement celebrity in 2023, when he took over the UAW and won record contracts af
By Ella Cao and Karl Plume Oct 14 (Reuters) – Chinese state buyers purchased 8-10 Panamax cargoes of US soybeans this week, the first such deals since the September summit between Presidents Donald Trump and Xi Jinping in Washington, three trade sources told Reuters on Wednesday. The cargoes are for
BRUSSELS, Oct 14 (Reuters) – Adult content platform Stripchat, a subsidiary of Cyprus’s Technius, on Thursday lost its legal challenge against EU tech regulators’ decision to include it in a list of companies subject to stringent requirements under landmark online content rules after Europe’s second
HANOI, Oct 14 (Reuters) – Vietnamese electric taxi operator Green and Smart Mobility (GSM), a partner of VinFast said on Wednesday it launched its all-electric ride-hailing and taxi service in Los Angeles, marking its first entry into North America as the company seeks to expand beyond Asia and Euro
BEIJING, Oct 14 – China is willing to work with the European Union to inject more stability and positive energy into economic and trade ties, Vice Premier He Lifeng told French diplomat Emmanuel Bonne in Beijing, the official Xinhua news agency said on Wednesday. • Tuesday’s meeting with Bonne, Pres
ZURICH, Oct 14 (Reuters) – Swiss skincare firm Galderma has agreed to acquire US company ZO Skin Health for an enterprise value of $1.5 billion, it said on Wednesday, confirming a report published by Reuters earlier in the day. The acquisition of the Irvine, California-based company is the biggest s
A look at the day ahead in European and global markets from Rocky Swift With US Federal Reserve officials singing a less hawkish tune overnight, Singapore kept the dovish trend rolling with a surprise hold on policy. All 10 analysts polled by Reuters had expected the Monetary Authority of Singapore
By Yukun Zhang, Ellen Zhang and Liz Lee BEIJING, Oct 14 (Reuters) – China’s trade surplus widened more than expected in September as exports surged, keeping the country on track to surpass last year’s record surplus and likely intensifying trade tensions with major partners. Global demand for semico
By Andrea Shalal BANGKOK, Oct 14 (Reuters) – The International Monetary Fund on Wednesday issued an urgent call for advanced economies and others to reduce government spending, cut deficits and lower debt levels, warning that delays would only make the job harder in coming years. Rodrigo Valdes, hea
By Qiaoyi Li and Liz Lee BEIJING, Oct 14 (Reuters) – China’s producer prices rose at their fastest pace in more than four years in September while consumer inflation edged up, as pricier oil and commodities lifted factory-gate costs even as weak domestic demand kept broader price pressures contained
By Amanda Cooper LONDON, Oct 14 (Reuters) – Global stocks rose on Wednesday, helped by a steadying in AI-related shares and government bonds, as investors kept volatility to a minimum ahead of US inflation data later in the day. Tech shares in Europe were among the top performing sectors of the day,
By Yuka Obayashi and Emily Chow TOKYO, Oct 14 (Reuters) – Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm ele
By Rocky Swift TOKYO, Oct 14 (Reuters) – The dollar languished on Wednesday as traders awaited fresh signals on the timing for interest rate hikes to contend with persistent inflation. The greenback weakened from an 18-month high in the previous session as oil prices eased and investors reassessed t
By Xinghui Kok SINGAPORE, Oct 14 (Reuters) – Singapore’s central bank kept its monetary settings unchanged on Wednesday, surprising analysts who expected a tightening, with the economy projected to expand at a firm pace and inflation tipped to step down from mid-2027. Singapore’s central bank has a
HOUSTON, Oct 13 (Reuters) – The Trump administration will use the Cold War-era Defense Production Act to expand the processing capacity of a refinery in Texas owned by Delek US Holdings, Vice President JD Vance said on Tuesday. The Delek announcement is the latest in a series of White House moves
By Stephen Nellis NEW YORK, Oct 13 (Reuters) – Apple on Tuesday unveiled a smart-home hub that taps iPhone user data to make Siri more personal, but promised privacy safeguards designed to keep that information out of the company’s hands. The HomeView smart-home hub, which took center stage at an ev
By Pete Schroeder, Ismail Shakil and Saeed Azhar Oct 13 (Reuters) – Bank of America has been fined $1.21 billion by US regulators for widespread failures to detect potential money laundering and other illicit activity, a penalty the bank said will hurt third-quarter earnings. The Treasury Department
By Michael S. Derby NEW YORK, Oct 13 (Reuters) – Boston Federal Reserve President Susan Collins said on Tuesday she believes the US central bank will need to raise interest rates again before the end of this year to lower high inflation. Collins said she backed the rate hike by the central bank’s po
By Michael S. Derby Oct 13 (Reuters) – New York Federal Reserve President John Williams has reaffirmed his view that the US central bank may need to raise interest rates once more this year in its bid to lower inflation. “I haven’t changed my view that it may be appropriate to have one more rate hik
By Pritam Biswas and Prakhar Srivastava Oct 13 (Reuters) – Major US banks reported solid loan and deposit growth in the third quarter, but lenders are paying a premium to retain customer funds in a fiercely competitive, high-interest-rate environment. JPMorgan Chase, Citigroup and Wells Fargo all po
Oct 13 (Reuters) – Wall Street’s investment banking and trading stalwarts posted uneven third quarter earnings as both equity and bond markets were rocked by the ongoing Iran war, rising inflation and jitters about the massive spending in the AI buildout. The results from JPMorgan, Citigroup, Goldma
Oct 13 (Reuters) – Citigroup dropped its “overweight” call on US equities and closed its long position in the S&P 500 Equal Weight index on Tuesday, saying it is taking some risk off the table as signs of market exuberance build.Here are some details: • The brokerage said its POLLS indicator, which
NEW YORK, Oct 13 (Reuters) – Martin Shkreli has violated a lifetime ban from the pharmaceutical industry by trading stocks and discussing his opinions about companies in the industry, federal and state regulators said on Tuesday. • In a court filing, the Federal Trade Commission and a coalition of s
(Deletes references to highest monthly total from headline, paragraph 1) By Dan Catchpole SEATTLE, Oct 13 (Reuters) – Boeing said on Tuesday that it delivered 57 jets in September, up from 51 in August and 55 a year earlier as it works to ramp up production of its best-selling 737 MAX narrow-body. T
By Noel Randewich Oct 13 (Reuters) – The Nasdaq ended lower on Tuesday, as chip stocks added to recent losses and investors parsed mixed quarterly results from Citigroup and other big US banks. The PHLX chip index fell 0.23%, down for a fifth straight session, after Broadcom CEO Hock Tan on Monday
Oct 13 (Reuters) – Walmart on Tuesday introduced a plan to offer employees more than 250 medications, including GLP-1s, insulin and inhalers at no cost, as the retailer expands healthcare benefits for its workforce. Here are some details: • The largest U.S. private employer, with about 1.6 million d
By Amy-Jo Crowley LONDON, Oct 13 (Reuters) – The London Stock Exchange Group confirmed on Tuesday it is in talks with private equity firm Permira to acquire financial data group Octus for about $3.5 billion. No final agreement has been reached and no transaction is guaranteed, LSEG said, adding that
