By Jarrett Renshaw and Nicole Jao WASHINGTON/NEW YORK, Oct 9 (Reuters) – US diesel prices remain at near-record highs, up 70% since the US-Israeli war on Iran began despite two recent moves by President Donald Trump to boost supplies: pressuring allies to release emergency reserves and expanding acc
Oct 9 (Reuters) – Global economic growth will likely slow to 2.6% in 2026, down from 2.9% last year, as the energy shock from the crisis in the Middle East is putting the global economy to the test, the United Nations agency for trade and development said on Friday. Trade in goods and services is ex
By Anton Bridge TOKYO, Oct 9 (Reuters) – 7-Eleven Inc, the North American arm of 7-Eleven convenience stores and gas stations, is considering moving parts of its supply chain in-house in a bid to cut costs as stubborn inflation dampens US consumer demand, its chief executive said on Friday. The comp
Oct 9 (Reuters) – Major European companies are expected to report substantially higher third-quarter earnings, the latest LSEG I/B/E/S data showed on Thursday, although the year-on-year growth should slightly temper from the previous quarter. Companies on Europe’s benchmark STOXX 600 index are expec
Oct 8 (Reuters) – Wealthy Gen Z collectors spend far more on fine art than purchasers from any other generation, according to a report published on Thursday by Art Basel and Swiss bank UBS. A survey of 3,100 wealthy buyers from across 10 major markets showed individuals from Gen Z – the youngest adu
Oct 9 (Reuters) – German sports car maker Porsche said on Friday it delivered 16% fewer vehicles globally in the first nine months of 2026, as weak demand in China, the phase-out of the 718 model line and its focus on brand value over volume continued to weigh on sales. “Our focus is on highly desir
PARIS, Oct 9 (Reuters) – Belgian designer Anthony Vaccarello is leaving Saint Laurent after a decade as the brand’s creative director, its owner Kering said on Friday, adding that his successor would be announced soon. Vaccarello, appointed in 2016 to succeed Hedi Slimane, turned the French couture
By Christine Chen SYDNEY, Oct 9 (Reuters) – The collapse of Nvidia-backed data centre operator Firmus’ $5 billion IPO is a blow to Australia’s capital markets which are already facing a shrinking pool of listed entities, investors said. Australia’s benchmark share index is heavily skewed to the Big
By Melanie Burton MELBOURNE, Oct 9 (Reuters) – Glencore expects strong demand from investors seeking exposure to trend toward electrification when it lists in Australia next week, CEO Gary Nagle said on Friday, adding that a deeper local presence may yield business opportunities although it has no s
Oct 9 (Reuters) – The benchmark 10-year US Treasury yield could rise to 6% for the first time since 2000 as high oil prices fuel inflation concerns and worries over the country’s growing public debt, Dan Ivascyn, Chief Investment Officer at bond fund manager Pimco, told the Financial Times. US Treas
By Florence Tan SINGAPORE, Oct 9 (Reuters) – Tanker freight rates soaring to record highs are putting US crude oil out of reach for Asian refiners, pushing them to seek alternatives from the Middle East and Latin America, according to multiple traders and shipbrokers who track those markets. The cos
By Tassilo Hummel and Sophie Yu PARIS/BEIJING, Oct 9 (Reuters) – China’s tax crackdown on wealthy individuals has become the latest headache for luxury brands, already grappling with the fallout from the Iran war and signs of slowing consumer spending in the United States. The combination of challen
A look at the day ahead in European and global markets from Ankur Banerjee Investor angst over AI bellwethers’ seemingly insatiable appetite for capital to build the infrastructure necessary for the technology to start paying off has cast a shadow over markets, as worries about valuations and fears
SINGAPORE, Oct 9 (Reuters) – China is set to resume October refined fuel exports after a brief halt during its Golden Week holiday, a move that will help ease tight global diesel, gasoline and jet fuel markets, four traders familiar with the matter said on Friday. China has approved October exports
Oct 9 (Reuters) – Oil prices fell on Friday as Middle East supply concerns eased after US President Donald Trump said it will not attack Iran before US elections next month amid productive talks to end their war that has disrupted global energy markets. Brent crude futures fell $1.37, or 1.3%, to $1
By Brenda Goh SEOUL, Oct 9 (Reuters) – The Chinese developer of ARTEX said they have converted the AI agent to a closed-source project after cybersecurity firms identified it as a tool used in a recent cyberattack campaign against South Korean banks. “Given the misuse of the tool, the ARTEX project
By Tom Westbrook SINGAPORE, Oct 9 (Reuters) – The euro was headed for a fifth straight weekly drop on Friday, though there were signs the selling streak was losing momentum as France’s tumbling debt market stabilised and a decline in US yields took some steam out of the dollar’s rally. The common cu
By Krystal Hu and Helen Coster Oct 8 (Reuters) – Flock Safety plans to let go of about 18% of its employees, people with direct knowledge of the plans said on Thursday, as the maker of AI-powered surveillance cameras and license-plate readers faces mounting opposition to its products from communitie
By Scott Murdoch and Christine Chen SYDNEY, Oct 9 (Reuters) – Australia’s Firmus, a data centre operator backed by Nvidia, shelved its $5 billion initial public offering, citing market volatility and conditions, and said it would opt for a private fundraising round instead. Firmus’ IPO would have be
By Rajesh Kumar Singh and Allison Lampert CHICAGO/MONTREAL, Oct 8 (Reuters) – Southwest Airlines is leaning toward Boeing’s 787 Dreamliner as its first widebody jet as it weighs launching long-haul international flights, according to three people familiar with the carrier’s fleet planning. The peopl
BRASILIA, Oct 8 (Reuters) – Brazil’s Finance Minister Dario Durigan on Thursday dismissed market enthusiasm over the prospect of a Flavio Bolsonaro presidency as a “cheap, hollow illusion,” after assets rallied following the senator’s stronger-than-expected first-round performance against President
BRUSSELS, Oct 8 (Reuters) – Forty-four European industry associations urged EU members on Thursday to take immediate action to combat what they said were unfair Chinese trade practices threatening EU manufacturing and risking further job losses. The call from the associations representing sectors in
By Pete Schroeder and Chris Prentice WASHINGTON, Oct 8 (Reuters) – US bank regulators fined American Express $350 million after they determined the lender’s programs to identify potential money laundering were insufficient and the company potentially missed billions of dollars in suspicious activity
Oct 8 (Reuters) – Coca-Cola is seeking to unwind its $5 billion acquisition of British coffeehouse Costa Coffee after a sales process failed earlier this year, Semafor reported on Thursday, citing people familiar with the matter. Here are some more details: • Coca-Cola had scrapped its plans to sell
By Deborah Mary Sophia and Jaspreet Singh Oct 8 (Reuters) – The US government said on Thursday it is suspending some of the world’s biggest tech and IT firms including Microsoft, Cognizant and Capgemini from a key green card program that allows skilled foreign workers to gain permanent residency thr
WASHINGTON, Oct 8 (Reuters) – More than 120 US lawmakers raised concerns on Thursday about Alphabet’s Google unit acquiring defunct carrier Spirit Airlines’ internal data for $10 million to train artificial intelligence systems. The lawmakers led by Senator Elizabeth Warren and Representative Steven
By Michael S. Derby NEW YORK, Oct 8 (Reuters) – St. Louis Federal Reserve President Alberto Musalem said on Thursday the US central bank will need to hike interest rates again to bring inflation back to its 2% target, although he declined to say what policymakers should do at their meeting later thi
PARIS, Oct 8 (Reuters) – Airbus delivered 72 planes in September, the planemaker said on Thursday, bringing nine-month deliveries to 547 aircraft, up 8% from the same point last year. • Deliveries were broadly flat compared to 73 planes in the same month a year earlier • Reuters reported last week t
Oct 8 (Reuters) – Revolut would favor a primary listing in the United States if the digital bank decides to pursue an initial pubic offering in the future, CEO Nik Storonsky told Bloomberg TV on Thursday. Storonsky, who founded Revolut, told Bloomberg TV that the firm wants to “dominate” the US mark
Oct 8 (Reuters) – Alphabet’s self-driving unit Waymo on Thursday said it has closed a $5 billion term loan, marking the company’s first debt financing as it looks to expand its autonomous ride-hailing service across the US and the world. Here are some details: • PIMCO, Blackstone and Sixth Street pa
