By Florence Tan SINGAPORE, Oct 5 (Reuters) – Crude oil exports from the Middle East rose above pre-war levels in four of the seven days of the final week of September, shipping data showed on Monday, despite attacks on vessels passing through the Strait of Hormuz. Crude exports from the region excee
By Leika Kihara and Takahiko Wada TOKYO, Oct 5 (Reuters) – Japan no longer needs expansionary fiscal and monetary policies aimed at boosting demand, former Bank of Japan board member Asahi Noguchi told Reuters, projecting another interest rate hike by the central bank in December. The remarks by Nog
By Florence Tan NEW DELHI/SINGAPORE, Oct 5 (Reuters) – Oil prices fell on Monday as rising Middle East crude exports and a release of oil stocks by the Group of Seven nations boosted supplies, offsetting concerns about further damage to Gulf oil infrastructure as the US-Israeli war on Iran drags on.
Oct 4 (Reuters) – Former Anthropic researcher Jacob Coxon will testify at a New York City hearing on artificial intelligence, Bloomberg News reported on Sunday, citing people familiar with the matter. Coxon will appear at the request of New York City Council Speaker Julie Menin, who has urged AI whi
By Curtis Williams HOUSTON, Oct 4 (Reuters) – Alaska LNG’s developer said the project’s access to stranded natural gas and shorter shipping routes to Asia will make it competitive with US Gulf Coast rivals, despite questions from some analysts about the project’s massive infrastructure costs. When t
By Sabrina Valle Oct 4 (Reuters) – France’s Schneider Electric is nearing a deal to buy US software group PTC for about $20 billion, according to a person close to the deal on Sunday. A deal may be announced as soon as Monday, the person said, adding that discussions between the two companies were o
Oct 5 (Reuters) – AkzoNobel said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio. The sale covers decorative paints operations in Vietnam, Indonesia, Malaysia, Thailand, Sin
New Railway Corridor Through Afghanistan To Connect Central Asia with Pakistan’s seaports By Arshad Mehmood / The Media Line Kazakhstan, Uzbekistan and the United Arab Emirates have signed a memorandum of understanding to jointly develop a new railway corridor linking Kazakhstan, Uzbekistan, Afghani
Oct 3 (Reuters) – A former OpenAI safety employee who recently resigned criticized the company’s approach to AI safety, arguing that a fast-paced culture focused on rapid development increases the risk of failures. Writing in “I Quit OpenAI Because Its Culture Is Broken,” published by the Atlantic o
By Stephen Eisenhammer LONDON, Oct 3 (Reuters) – Never has so much cash flowed into a new technology as is pouring into AI, eclipsing the sums splurged on railways or the internet when those technological revolutions sucked in capital. Cumulative spending globally on data centers alone could top $30
By Michael S. Derby Oct 2 (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that the September US employment report fits with the recent trend of hiring, noting she has time before she has to make a decision on what is next for monetary policy. The September jobs re
By David Lawder MILWAUKEE, Oct 2 (Reuters) – A “handful” of Group of 20 trade ministers rejected US calls to curb excess industrial capacity and “non-market” policies, the US Trade Representative’s office said on Friday, exposing divisions within the group of major economies. The US, this year’s G20
By Stephen Nellis SAN FRANCISCO, Oct 2 (Reuters) – Apple said on Friday that it plans to change its Mac operating system to make it more obvious when AI agents ask to access all of the data on Macs. Some users have criticized Meta’s Muse, an AI agent capable of carrying out complex tasks like cancel
WASHINGTON, Oct 2 (Reuters) – US President Donald Trump said on Friday that he will not authorize an export ban on diesel, hours after G7 countries agreed to release diesel and crude oil from their emergency reserves. (Reporting by Nandita Bose, Daphne Psaledakis and Ismail Shakil) Brought to you by
Oct 2 (Reuters) – Disney agreed to license a slate of movies and TV shows to Netflix, including existing “Ice Age” films as well as “Percy Jackson and the Olympians” and “Will Trent” series, the companies said on Friday. Here are some more details: • The deal expands Netflix’s access to Disney-owned
By Lewis Krauskopf NEW YORK, Oct 2 (Reuters) – Investors head into a part of the calendar that tends to be upbeat for US stocks, but that seasonal strength is under threat from a number of challenges, including a surge in bond yields and the market’s apparent dependence on massive AI spending. As th
Oct 2 (Reuters) – Archer Aviation said on Friday a California federal court had dismissed some of Joby Aero’s trade-secret and contract claims against it, as well as Archer’s counterclaims. The US District Court for the Northern District of California issued the ruling on September 29, cutting back
Oct 2 (Reuters) – WestJet pilots were conducting an entry-into-service validation flight with a Boeing 737 MAX in 2024, when they uncovered an anomaly linked to the jet’s flight computer software that was deemed safe by the Federal Aviation Administration on Friday. The Canadian carrier was the firs
By Pete Schroeder WASHINGTON, Oct 2 (Reuters) – A trade organization representing community banks sued a US bank regulator Friday, claiming that its decision to grant limited bank charters to cryptocurrency firms exceeds its regulatory authority. The Independent Community Bankers of America, which r
FRANKFURT, Oct 2 (Reuters) – Bayer’s pharmaceuticals unit on Friday unveiled plans to invest $2.2 billion in a new manufacturing site in New Albany, Ohio, part of a push to boost the business’s US revenue. • Bayer expects to create about 600 high paying jobs in New Albany, with another 1,500 jobs re
WASHINGTON, Oct 2 (Reuters) – The Federal Aviation Administration said Friday a panel of experts determined a software glitch in some Boeing 737 MAX flight computers does not pose safety concern, clearing the way for approval of a larger version of the best-selling narrowbody airplane. The FAA said
Oct 2 (Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Friday on Fox Business Network’s The Big Money show that he feels that the latest jobs data show the labor market is steady and that too-high inflation remains the Fed’s bigger policy priority. “There is plenty of room for a
Oct 2 (Reuters) – Inflows into US-listed exchange-traded funds (ETFs) through end-September have already exceeded any full-year total on record and are expected to grow further by year end, according to State Street Investment Management data. Year-to-date inflows stood at more than $1.54 trillion a
By Arasu Kannagi Basil and Pritam Biswas Oct 2 (Reuters) – Blue Owl Capital’s flagship private credit fund had withdrawal requests further slow down in the third quarter, as redemption pressure eases across the broader industry. Investors sought to withdraw $4.2 billion from two Blue Owl funds in th
By Tim Hepher PARIS, Oct 2 (Reuters) – Airbus has announced a series of board changes including its first female chairperson and the first from outside its Franco-German power base, marking the beginning of crucial leadership decisions expected in the coming year. The European planemaker said late o
(WASHINGTON) The September jobs report came in below expectations, with employers adding 29,000 jobs—down from 162,000 in August and short of the roughly 84,000 economists had forecast. The unemployment rate edged up slightly, from 4.1% to 4.2%. The numbers point to a cooling labor market, giving th
By Anzar Mehraj Oct 2 (Reuters) – Paramount Skydance CEO David Ellison on Friday said upon closing the company’s merger with Warner Bros Discovery, the combined entity will be called Skydance. The move was aimed at maintaining separate identities of the Paramount and Warner Bros studios, rather than
Oct 2 (Reuters) – Wall Street’s main indexes opened higher on Friday, as a softer-than-expected jobs report deepened prospects of an unchanged US rate this month, leading to a bigger drop in Treasury yields, while lower oil prices also boosted sentiment. At 09:30 a.m. ET, the Dow Jones Industrial Av
NEW YORK, Oct 2 (Reuters) – US job growth slowed more than expected in September, fueling a bounce in stocks and bonds and a further retreat in market expectations for a Federal Reserve rate increase this month. Nonfarm payrolls increased by 29,000 jobs last month after a downwardly revised 133,000
Oct 2 (Reuters) – Rivian Automotive reported record third-quarter deliveries on Friday, beating analysts’ estimates after rolling out its cheaper R2 SUV targeted at a broader section of the mass EV market. Shares of the Irvine, California-based EV maker were up about 1.4% in premarket trading. The R
