By Ankur Banerjee SINGAPORE, Sept 22 (Reuters) – Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. Attention is also tu
Sept 21 (Reuters) – US federal prosecutors are investigating whether Binance violated sanctions on Iran by failing to prevent certain trading activity on its platform, Bloomberg News reported on Monday, citing people familiar with the matter. Here are a few details: • The probe is being led by the M
By Rachel More, Christoph Steitz and Christina Amann BERLIN/FRANKFURT, Sept 21 (Reuters) – Long Volkswagen’s most reliable profit driver, luxury sports car maker Porsche has become its biggest problem, creating a road bump for CEO Oliver Blume’s restructuring plans at Europe’s biggest carmaker. Less
By Tom Westbrook SINGAPORE, Sept 22 (Reuters) – The yen was under pressure from a firm dollar on Tuesday as traders wagered on policymakers in Japan struggling to keep up with a hawkish turn by global central banks, leaving the country’s interest rates at a wide gap with major peers. Moves were cont
By David Ljunggren and Amanda Stephenson OTTAWA/CALGARY, Sept 21 (Reuters) – Canada on Monday unveiled draft legislation that would speed up the approval process for major natural resource projects, a goal Prime Minister Mark Carney says is necessary to help deal with US tariffs. The bill would also
WILMINGTON, Delaware, Sept 21 (Reuters) – Private equity firm Silver Lake sued billionaire Carl Icahn and dozens of hedge funds on Monday to block their use of an obscure legal tactic to chase a potentially big payday from the company over its 2025 acquisition of the Endeavor entertainment agency. S
Sept 21 (Reuters) – Lockheed Martin said on Monday it had secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM). • PrSM is the Army’s next-generation long-range precision strike weapon, designed to replace the Army Tact
NEW YORK (AP) — Movie studio Paramount on Monday agreed to settle an antitrust lawsuit filed by 12 states, the last big obstacle blocking the company’s $81 billion acquisition of Warner Bros. Discovery in a deal that would transform the movie industry landscape. In the settlement, which still needs
By Abigail Summerville NEW YORK, Sept 21 (Reuters) – Investment bank Raymond James has hired several managing directors from Jefferies’ consumer and retail investment banking unit, according to sources familiar with the matter. The hires include Drew Weisman from the leveraged finance team and Steve
The White House press pool, a rotating cast of news outlets that covers the president, is now a battleground over free speech rights between President Donald Trump and the media. On Monday, the issue headed for the courts as CNN, MS NOW and Politico sued the administration over being barred from the
By Jamie McGeever ORLANDO, Florida, Sept 21 (Reuters) – Stocks roared higher on Monday, with the Nasdaq coming within 0.02% of June’s record high, as the bullish AI narrative burst back into life, while investors also welcomed the fourth consecutive slide in global oil prices. If you have time, plea
KING ABDULLAH ECONOMIC CITY, Saudi Arabia/LONDON, Sept 21 (Reuters) – Saudi startup Ceer made public its first two fully electric vehicle models on Monday and said it will launch five more models by 2030 as part of Saudi Arabia’s goal to create a viable auto industry to curb the country’s dependence
One of the largest U.S. franchisees for Wendy’s has filed for bankruptcy protection after the restaurant chain tried to terminate its franchise agreement. Meritage Hospitality Group, which operates 314 Wendy’s restaurants in 15 states, said in a statement last week it intends to keep operating its r
Sept 21 (Reuters) – Air taxi developer Vertical Aerospace said on Monday it had appointed former Airbus Commercial Aircraft division chief executive Fabrice Bregier as chair of its board of directors. Here are some more details: • The announcement comes as electric vertical take-off and landing (eVT
SAO PAULO, Sept 21 (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Monday that Uruguay had authorized Brazil to use the surplus from its beef export quota to China. “I expressed my gratitude for the authorization granted to Brazil to use the surplus from Uruguay’s beef export quota
By David Shepardson WASHINGTON, Sept 21 (Reuters) – The Federal Aviation Administration halted traffic on Monday at busy U.S. East Coast airports, snarling more than 1,000 flights after a telecom circuit failed and a backup fiber cable was accidentally cut. The issue at one point forced a halt to in
By Enes Tunagur and Sam Li LONDON, Sept 21 (Reuters) – Diesel prices have rallied in Europe and the United States to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates, with little options to preve
By Jody Godoy and Deborah Mary Sophia Sept 21 (Reuters) – Paramount Skydance on Monday reached a settlement with California and 11 other states that had sued to stop its $110 billion acquisition of Warner Bros Discovery, paving the way for one of the largest media mergers in history. The settlement
NEW YORK (AP) — World and business leaders gathering this week in New York are grappling with the increasingly urgent costs of climate change, soaring energy prices and the human toll from this summer’s oppressive heat waves, prolific wildfires and a catastrophic Nepal flood. Every year as top gover
LONDON (AP) — A technical issue afflicted the U.K.’s national air traffic controller on Monday, the second in two weeks, prompting more travel disruption and renewed calls for the organization’s chief to quit. Although NATS, formerly known as National Air Traffic Services, said the issue at its Pres
(SRN NEWS) – President Donald Trump is preparing for a high-stakes meeting with Chinese President Xi Jinping, with artificial intelligence expected to be one of the most important issues on the table. The meeting comes as the United States and China compete for global leadership in artificial intell
Sept 21 (Reuters) – Shares of Warner Bros Discovery and Paramount Skydance jumped on Monday, after a report said Paramount and California’s attorney general were in advanced settlement talks that could clear one of the final hurdles to the companies’ $110 billion merger. Here are some more details:
Sept 21 (Reuters) – Gains in AI stocks boosted the main US stock indexes on Monday, as Treasury yields retreated and crude prices tumbled more than 2% to hit an 11-day low on indications of progress in Middle East negotiations. The Dow Jones Industrial Average rose 254.1 points, or 0.49%, at the ope
By Howard Schneider WASHINGTON, Sept 21 (Reuters) – Suggestions that the Federal Reserve could lower borrowing costs to help the US government finance its current debt and deficits are the very reason the central bank needs to be independent in setting monetary policy, Chicago Fed President Austan G
By Federico Maccioni DUBAI, Sept 21 (Reuters) – Qatar’s sovereign wealth fund QIA and JP Morgan Asset Management plan to launch a $20 billion strategic partnership across public and private markets in both equities and credit, the two companies said in a statement on Monday. • Under the preliminary
Google has been fined 403 million euros ($463 million) for breaching the European Union’s strict privacy rules because it mishandled users’ location data, the bloc’s data privacy watchdog said Monday. Ireland’s Data Protection Commission said its investigation found Google did not lawfully or fairly
The British military said an “unknown projectile” struck a tanker as it entered the Strait of Hormuz on Monday, injuring two crew members. The vessel continued toward port under its own power. Meanwhile, the Israeli military remains on alert as much of the country shuts down for Yom Kippur, the holi
By Susan Heavey WASHINGTON, Sept 21 (Reuters) – CNN, MS NOW and Politico said on Monday they are suing President Donald Trump and other members of his administration to protect their rights under the US Constitution’s First Amendment after he banned the news outlets from the White House building gro
By Mike Dolan Sept 21 (Reuters) – After a turbulent week of central bank tightening, markets now turn to diplomacy – or at least top-level summits – as world leaders gather at the United Nations General Assembly in New York this week. Topping the list of bilateral summits, though, is Thursday’s meet
By Helen Clark, Florence Tan and Emily Chow BANGKOK, Sept 21 (Reuters) – LNG buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers ranging from West Africa to Indonesia. While Asian gover
