By Rocky Swift TOKYO, Oct 8 (Reuters) – Japan’s Fast Retailing, owner of global clothing brand Uniqlo, booked its fifth consecutive record annual profit on Thursday, citing strong results in all regions and overcoming effects of a weak yen at home. Operating profit rose about 32% to 743.13 billion y
Oct 8 (Reuters) – Daimler Truck reported 26% growth in third-quarter vehicle sales on Thursday, as deliveries increased at both its North American unit and largely Europe-based Mercedes-Benz Trucks, offering an early indication that the stronger second half of the year forecast by the management was
Oct 8 (Reuters) – The World Bank said on Thursday it has appointed David Vaillant as managing director and chief financial officer. (Reporting by Ruchika Khanna in Bengaluru; Editing by Christopher Cushing) Brought to you by www.srnnews.com
By Leika Kihara and Makiko Yamazaki TOKYO, Oct 8 (Reuters) – Japanese Prime Minister Sanae Takaichi’s administration is ramping up efforts to shed its growth and easy money image through changes in rhetoric, a move that may backfire unless it is met with action such as substantial cuts to spending.
Oct 8 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Sovereign borrowers are no longer the big boys on the block as AI giants increasingly invade their turf. The Wall Street Journal reports Broadcom is lining up $50 billion of financing to buy gear from OpenAI, wi
By Florence Tan SINGAPORE, Oct 8 (Reuters) – The number of vessels transiting the Strait of Hormuz fell to the lowest in more than two months after attacks on tankers in the key waterway reached their highest last week since the start of the US-Israeli war with Iran, shipping data showed. Seven comm
(New York, NY) — Wall Street is closing with stocks lower. It comes as the ten-year Treasury note yield reached its highest level since April of 2002 today. Elsewhere, the minutes from the Federal Reserve’s September meeting revealed officials expect to raise interest rates again before the end of t
By David Shepardson WASHINGTON, Oct 7 (Reuters) – The US transportation department said late on Wednesday it approved a five-year exemption for Aurora and other self-driving trucking companies from rules that require drivers to place warning devices around a stopped truck. The decision is a step for
By Nicole Jao and Helen Clark PERTH Oct 8 (Reuters) – Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz, while the US cut output as a hurricane menaced offshore product
By Wayne Cole SYDNEY, Oct 8 (Reuters) – Asian shares slid on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding. Oil prices jumped anew amid an increase in attacks on ship
By Gregor Stuart Hunter SINGAPORE, Oct 8 (Reuters) – The dollar held near its strongest level in 18 months in subdued trading in Asia on Thursday, after hawkish minutes from the US Federal Open Market Committee signalled policymakers viewed inflation as the biggest risk to their outlook. The dollar
Oct 7 (Reuters) – General Dynamics on Wednesday said President Danny Deep would take over as CEO in January, succeeding longtime chief executive Phebe Novakovic. The leadership transition comes at a time of sustained demand for the company’s defense and aerospace products, which range from Gulfstrea
By Howard Schneider WASHINGTON, Oct 7 (Reuters) – Federal Reserve policymakers were divided last month over the rationale for raising interest rates, with “some participants” seeing a hike as needed to keep the impact of energy and other price shocks at bay, but a more hawkish core viewing it as nec
By Angela Christy M and Danielle Kaye Oct 7 (Reuters) – Levi Strauss raised its annual profit forecast on Wednesday, after benefiting from tariff refunds, as it bets on strong holiday demand for its premium denim and sweaters. Still, the company’s shares fell 2% in extended trading after it reported
By Michael S. Derby Oct 7 (Reuters) – Federal Reserve meeting minutes from last month’s policy meeting noted some officials believe it’s time for the central bank to get ready for bond market stress. “Regarding balance sheet policy, a few participants observed that Treasury markets had been function
Oct 7 (Reuters) – US President Donald Trump, asked by a reporter on Wednesday about mortgage rates, said the Federal Reserve Board “would like to see the country do badly”. The 30-year mortgage rate last week hit its highest point in almost three years. Trump called Fed chairman Kevin Warsh “great”
(Washington, DC) — President Trump says Trump Accounts are bigger then anyone imagined. On Wednesday from the Oval Office, Trump said the accounts are “historic” while celebrating the launch of automatic enrollment for the investment accounts. Trump said 70-million kids will have Trump accounts in t
SAO PAULO, Oct 7 (Reuters) – Brazil’s antitrust regulator CADE on Wednesday approved American Airlines’ $100 million investment in Azul, giving the US firm a minority stake of about 8% in the Brazilian carrier. • Azul emerged from Chapter 11 bankruptcy protection in February after a sweeping restruc
Oct 7 (Reuters) – FireFly Robotics, which makes electric turfgrass harvesters and autonomous golf-course mowers, on Wednesday filed to go public through a direct listing. A direct listing allows a company to list its shares on an exchange without raising new capital or issuing new stock, enabling ex
By Helen Reid PARIS, Oct 7 (Reuters) – Longer, hotter summers are disrupting fashion’s seasonal calendar, forcing luxury brands to adapt designs and threatening sales of higher-margin winter clothing. The industry’s traditional cycle has long depended on consumers buying autumn and winter clothing a
Oct 7 (Reuters) – Wells Fargo is facing a potential investigation from the Trump administration’s housing authority over programs and commitments the bank made to increase homeownership among Black Americans, the Wall Street Journal reported on Wednesday. The Journal cited a letter from the Departme
By Ross Kerber and Chris Prentice BOSTON/NEW YORK, Oct 7 (Reuters) – The US Securities and Exchange Commission said on Wednesday it will not charge top asset managers over their actions with a climate group ahead of ExxonMobil’s 2021 shareholder meeting. But Wall Street’s top regulator warned it rem
By Sarupya Ganguly BENGALURU, Oct 7 (Reuters) – US Treasury yields are forecast to fall over coming months, according to fixed income strategists in a Reuters poll who clung to their long-held view despite the benchmark 10-year yield recording its biggest quarterly jump since 1994. However, convicti
By Giulio Piovaccari TURIN, Italy, Oct 7 (Reuters) – When John Elkann first started thinking seriously about an electric Ferrari a decade ago, the prompt came from an unlikely source: a walk with Amazon founder Jeff Bezos, the Ferrari chairman said on Wednesday. That conversation eventually led to t
Oct 7 (Reuters) – Wall Street’s main indexes opened lower on Wednesday as Treasury yields and oil prices rose again, keeping investors cautious as they awaited the minutes of the Federal Reserve’s September meeting. The Dow Jones Industrial Average fell 325.06 points, or 0.63%, at the open to 51,196
LONDON, Oct 7 (Reuters) – Foreign investors pulled $26.3 billion out of emerging market stocks and bonds in September, the first monthly outflow since June, as a hawkish US Federal Reserve drove up yields and the dollar, a report by the Institute of International Finance showed on Wednesday. Non-res
By Philip Blenkinsop BRUSSELS, Oct 7 (Reuters) – European Trade Commissioner Maros Sefcovic heads to Beijing on Wednesday for key talks designed to reduce the European Union’s growing trade deficit with China, which threatens to destroy EU industry and many thousands of jobs. Sefcovic will meet Chin
Oct 7 (Reuters) – Jaguar Land Rover has unveiled its new Jaguar Type 01 electric car, with an ultra-long bonnet, no rear window and a wealth of technology, in New York as it targets the potential for growth in the US market. The UK-based luxury carmaker, which is owned by India’s Tata Motors, said t
By Mike Dolan Oct 7 (Reuters) – As the US third-quarter earnings season gets set to kick off, Wall Street’s S&P 500 joined the Nasdaq in setting a new record high on Tuesday – its first in about six weeks. Consensus forecasts are for another AI-led blockbuster rise in profits in the July-September p
By Christoph Steitz and Anousha Sakoui FRANKFURT/LONDON, Oct 7 (Reuters) – Apollo Global Management has submitted a non-binding offer for German state-owned energy firm Uniper, two people with direct knowledge of the matter said, joining the auction for one of Germany’s biggest utilities. Potential
