Oct 12 (Reuters) – Getty Images said on Monday it would file for bankruptcy and go private after a restructuring agreement that the visual-content provider expects to close by the end of the year. The company plans to begin an expedited prepackaged Chapter 11 process in the coming weeks, a major res
By Laura Matthews and Gertrude Chavez-Dreyfuss NEW YORK, Oct 12 (Reuters) – The sharp rise in long-term US Treasury yields has spurred mortgage-related hedging that adds selling pressure to an already strained bond market, though the impact is likely smaller than in past selloffs. Benchmark 10-year
Oct 12 (Reuters) – Delta Air Lines said on Monday it would delay the launch of its planned nonstop Atlanta-Riyadh service until March 2027, amid ongoing geopolitical tensions. “We remain in close contact with relevant government and aviation partners, including Saudia and Riyadh Air, as we monitor t
By Nora Buli OSLO, Oct 12 (Reuters) – European households and industries face at least another year of high gas prices, even if the Iran war is resolved and winter proves mild, as the continent will need to restock gas storage reserves depleted to record lows. European benchmark gas prices have jump
Oct 12 (Reuters) – Wall Street’s main indexes opened muted on Monday as investors watched oil prices and global events ahead of crucial bank earnings and inflation data due later in the week that are widely expected to influence the central bank’s rate path. The Dow Jones Industrial Average rose 92
By Anuja Bharat Mistry and Neil J Kanatt Oct 12 (Reuters) – Starbucks is not buying Chipotle Mexican Grill, the coffee chain said on Monday, quashing talk of a deal that could have been the largest-ever involving restaurants but was doubted by both investors and analysts. “As a matter of policy, we
Oct 12 (Reuters) – Goldman Sachs on Monday upgraded its three-month view on global equities to “overweight” from “neutral”, saying earnings growth remains supportive for equities and valuations have become more attractive ahead of the earnings season. Here are some details: • Middle East supply conc
By Ernest Scheyder Oct 12 (Reuters) – Lithium startup EnergyX said on Monday it has signed a $2 billion binding offtake to supply commodities trader Trafigura with the battery metal from Chile and the US, one of the largest deals ever tied to direct lithium extraction technology. The 10-year agreeme
Oct 12 (Reuters) – Airlines are canceling flights to Saudi Arabia and neighbouring countries following the deadly weekend attacks on Riyadh airport by Yemen’s Iran-aligned Houthis, adding to wider disruption in the region since the Iran conflict started. The airport will be closed until October 17,
BRUSSELS, Oct 12 (Reuters) – The European Commission is set to lay out potential trade defence measures in December designed to rein in its trade deficit with China and reduce its reliance on the world’s second-largest economy for critical supplies. The EU executive Commission secured agreement with
PARIS, Oct 12 (Reuters) – The Stellantis-Leapmotor joint venture sees a deal between the European Union and China to cap imports of hybrid vehicles as an “interesting alternative to tariffs”, its CEO Danilo Annese said on Monday at the Paris Auto Show. • Stellantis-led joint venture Leapmotor Intern
By Mike Dolan Oct 12 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Diesel dominated another weekend of noisy geopolitics, with confusion surrounding US moves to temporarily lift sanctions on Russian diesel exports and claims of an Ukrai
By Ragini Mathur and Purvi Agarwal Oct 12 (Reuters) – The S&P 500 and the Nasdaq were little changed on Monday, with technology stocks under pressure as oil prices hit about two-week highs ahead of big bank earnings and inflation data due this week that could influence the Fed’s monetary policy path
By Howard Schneider WASHINGTON, Oct 12 (Reuters) – The US is in the middle of a historic and costly technological revolution, with the artificial intelligence buildout driving a level of investment set to eclipse the previous telecommunications boom, as well as national projects like the constructio
By Tatiana Bautzer and Nupur Anand NEW YORK, Oct 12 (Reuters) – Citigroup is seeking to rapidly resolve its efforts to address regulatory demands that have long dogged the third-largest US bank, in order to fully re-focus on growth, according to two people familiar with the matter. The demands have
By Sabine Siebold BERLIN, Oct 12 (Reuters) – Airbus has carried out the first test flight in Europe of a US-built drone that it hopes to team with Eurofighter jets, but without yet incorporating its European mission system, the CEO of its defence division said. The limited European debut for the Val
By Noel Randewich Oct 12 (Reuters) – The rally that has driven the S&P 500 up 14% this year to record highs is masking the fact that more than 4 in 10 stocks in the index are lower in 2026, as the gains are concentrated in a few chipmakers and other AI-related heavyweights. The gap between the bench
Oct 12 (Reuters) – TotalEnergies said on Monday it is expanding its joint venture with KKR in the United States with an additional renewables portfolio valued at $1.2 billion. The deal covers three utility-scale solar assets in Texas and Ohio, adding 700 megawatts to the joint venture the companies
Oct 12 (Reuters) – German automaker Volkswagen reported a 14.3% decline in global deliveries in the third quarter on Monday, its sharpest drop in more than four years, as weakness in China, its largest market, continued to weigh on sales. Deliveries, a closely watched proxy for sales, fell to 1.89 m
SHANGHAI/BEIJING, Oct 12 (Reuters) – China’s deal to curb hybrid vehicle exports to the European Union is set to deal a fresh blow to electric vehicle makers that ramped up hybrid shipments exempt from the bloc’s tariffs on Chinese-made EVs as sales growth slows at home. Beijing’s exports of hybrids
By Nick Carey and Giulio Piovaccari PARIS, Oct 12 (Reuters) – European and Chinese automakers were expected to unveil as many as 60 new models at the Paris car show on Monday, as competition for buyers on the continent continues to intensify. The show comes days after the European Union announced a
BEIJING, Oct 12 (Reuters) – China’s domestic car sales extended their decline for a 12th successive month, while exports remained a key growth driver as automakers looked overseas to cushion the impact of a sluggish home market. Passenger vehicle sales fell 28.1% from a year earlier to 1.63 million
BEIJING, Oct 12 (Reuters) – China’s domestic car sales extended their decline for a 12th successive month, while exports remained a key growth driver as automakers looked overseas to cushion the impact of a sluggish home market. Passenger vehicle sales fell 28.1% from a year earlier to 1.63 million
Oct 12 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole. There’s been much confusion in oil markets this morning as US President Donald Trump announced an energy “ceasefire” between Ukraine and Russia, which came as a surprise to the former and lacked confirmation f
BANGKOK, Oct 12 (Reuters) – Strong investment in AI infrastructure is keeping global growth at around 3%, yielding major benefits for many Asian economies that supply the hardware, such as Thailand, said Kristalina Georgieva, managing director of the International Monetary Fund. The artificial intel
By Wen-Yee Lee and Ben Blanchard TAIPEI, Oct 12 (Reuters) – TSMC, the world’s largest manufacturer of advanced AI chips, will likely report a sixth consecutive quarter of record earnings, driven by booming infrastructure spending in the tech sector. Analysts say demand for Taiwan Semiconductor Manuf
By Ankur Banerjee and Li Gu SINGAPORE/SHANGHAI, Oct 12 (Reuters) – The dollar held its ground near the strongest level in a year and a half on Monday as an escalating Middle East conflict kept investors wary ahead of key US inflation data later this week that will influence monetary policy. Oil pric
By Wayne Cole SYDNEY, Oct 12 (Reuters) – Stock markets got off to an erratic start on Monday as earnings season looked set to test high tech valuations, while oil slipped amid confusion over whether Russia would, or could, increase energy exports. While the conflict in the Gulf continued with strike
By Florence Tan and Mohi Narayan NEW DELHI, Oct 12 (Reuters) – Oil prices slipped on Monday on expectations of more Russian supplies after US President Donald Trump said Ukraine and Russia had agreed to halt attacks on each other’s energy facilities following a US diesel-supply deal with Moscow. Bre
Oct 12 (Reuters) – Top executives of Chinese AI startup Moonshot are in talks ahead of its planned Hong Kong listing to settle a legal dispute with a shareholder demanding compensation for their alleged wrongdoing, people familiar with the matter said. Recurrent.ai, a developer of AI software, and s
