(SRN NEWS) – President Donald Trump says he faces a major decision on Iran as the Islamic Republic’s military and economy remain under severe pressure, and its leadership appears increasingly vulnerable. In an interview Thursday with Axios, Trump acknowledged that he is at a crossroads over whether
By Lucia Mutikani WASHINGTON, Sept 18 (Reuters) – US factory production unexpectedly fell in August and higher oil prices and rising interest rates could offset some of the support from an artificial intelligence buildout, likely keeping activity moderate for the rest of the year. The decline in out
Sept 18 (Reuters) – The benchmark S&P 500 and the tech-heavy Nasdaq indexes opened slightly higher on Friday, while the Dow was flat as investors digested conflicting signals from lower oil prices and higher Treasury yields. The Dow Jones Industrial Average rose 48.7 points, or 0.09%, at the open to
By Pete Schroeder WASHINGTON, Sept 18 (Reuters) – The Federal Reserve’s top regulatory official said on Friday the US central bank will soon finalize an overhaul of its “stress test” of big banks to make the process more transparent and the results more predictable for lenders, handing the industry
OMAHA, Neb. (AP) — Warren Buffett is stepping down as chairman of Berkshire Hathaway in the next step of the transition at the top of the $1 trillion conglomerate he led for more than six decades. Buffett, 96, will become chairman emeritus and will take on his new role immediately, the company said
BRUSSELS (AP) — By opening the door this week for Canada to become the first “associate member” of the European Union, European Commission President Ursula von der Leyen offered Prime Minister Mark Carney hope, but also an illusion. There are many ways to take steps toward joining the world’s bigges
Jon Stewart says he never really decided to focus his charity efforts on first responders and their families. It just happened. The award-winning host of “The Daily Show” said he wanted to feel useful and support people who dedicated their lives to helping others. “These aren’t the X-Men,” Stewart t
By Manya Saini and Jonathan Stempel Sept 18 (Reuters) – Berkshire Hathaway said on Friday that Warren Buffett will step down as chairman and become chairman emeritus, effective immediately, nine months after handing the CEO reins to longtime lieutenant Greg Abel. The company named his son, Howard Bu
By Anna Szymanski Sept 18 (Reuters) – Warnings of machine-driven human extinction kicked off the week, but the market’s attention quickly turned to more prosaic matters, namely Middle East energy disruption and the first Federal Reserve rate hike in three years. Amid growing reports of AI agents goi
By Ashitha Shivaprasad Sept 18 (Reuters) – Three years on from China curbing exports of two niche metals vital to the chipmaking, clean energy and defence sectors, the West is still feeling the price pain and waiting for its own production to come to the rescue. The export curbs on gallium and germa
By Dawn Kopecki NEW YORK, Sept 18 (Reuters) – Republican groups have poured $14 million into advertising in Ohio over the past week to bolster Senator Jon Husted, as recent polls show the Republican trailing Democrat Sherrod Brown in a race that could help determine control of the US Senate. The spe
LONDON, Sept 18 (Reuters) – Investors poured money into US stocks at the fastest pace in three months and yanked cash from corporate bonds in the latest week, according to a Bank of America Global Research report on Friday. This week has seen the world’s largest central banks take aim at inflation,
By Tim Hepher COPENHAGEN, Sept 18 (Reuters) – Soaring fuel and borrowing costs have overtaken aircraft shortages as the biggest concern for jet financiers, delegates at a major industry meeting said this week, signalling a shift in sentiment after years of supply-driven disruption. Recent market tur
By Niket Nishant and Tharuniyaa Lakshmi Sept 18 (Reuters) – The major US stock indexes were set for a subdued open on Friday, as lower oil prices and higher Treasury yields sent conflicting signals on a day with few fresh catalysts. Tech shares were mixed, with Alphabet up 2% and Meta adding over 1%
By Joyce Lee Sept 18 (Reuters) – South Korea and the United States are finalising the implementation of Seoul’s pledged $350 billion investment package under a trade deal struck last year that lowered US tariffs on South Korean goods to 15%. Out of the $350 billion, $150 billion is earmarked for shi
Sept 18 (Reuters) – State-owned China Rare Earth Group is in talks to acquire Shenghe Resources, said two sources with knowledge of the matter, a move that would consolidate Beijing’s control over the sector and give the firm a stake in one of Washington’s rare earth plays. If successful, the deal w
Sept 18 (Reuters) – The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs. But the widely expected move failed to pro
By John Revill ZURICH, Sept 18 (Reuters) – Nestle said on Friday it was weighing all options to protect its rights after the Kremlin’s decision to take control of the Swiss food maker’s Russian business, the latest move against a Western company since the war in Ukraine began. The maker of Nescafe c
By Francesco Canepa FRANKFURT, Sept 18 (Reuters) – Market bets on further European Central Bank rate hikes are being driven largely by higher energy prices but policymakers will look at a much wider set of economic indicators when deciding their next moves, ECB Vice President Boris Vujcic told Reute
TOKYO (AP) — Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high. The Bank of Japan has been trying to normalize monetary policy after decades of keeping interest rates near or below zero to try to encourage more borrowing and spending to counter defl
Watching her staff happily hand out free meals for hundreds of residents outside their Wailua commercial kitchen, food truck co-owner Kelly Kakalia felt fulfilled. It was the day after Hurricane Lowell finished knocking out power, washing out roads and felling trees across Kauai, and Kakalia was foc
TOKYO (AP) — Asian shares mostly rose Friday, getting a lift from a rally on Wall Street as well as declining oil prices, while European benchmarks slipped in early trading. France’s CAC 40 shed 0.6% in early trading to 8,136.51, while the German DAX slipped 0.5% to 25,577.02. Britain’s FTSE 100 dip
A look at the day ahead in European and global markets from Tom Westbrook The Bank of Japan raised interest rates, as expected, though it knocked the yen by sounding a fraction less hawkish than its peers. Significantly, the hike, coming just three months after it last raised rates, breaks a pattern
By Abhirup Roy and Hyunjoo Jin SAN JOSE, California/SEOUL, Sept 18 (Reuters) – Hyundai Motor CEO Jose Munoz warned on Thursday that the US could face a similar wave of Chinese auto imports that has disrupted Europe’s car market unless Washington maintains tariffs and other market-access safeguards.
By David Shepardson WASHINGTON, Sept 17 (Reuters) – The Federal Aviation Administration said on Thursday it approved a waiver of airplane emissions rules to allow Boeing to sell another 35 777F freighters after 2028. The waiver will allow Boeing to sell the planes for another three years after new e
Sept 18 (Reuters) – The Bank of Japan raised interest rates to a 31-year high of 1.25% on Friday in a widely expected move to forestall risks of inflation overshooting its 2% inflation target. At a two-day policy meeting that ended on Friday, the board decided by a 7-2 vote to raise its policy rate
By Lewis Jackson BEIJING, Sept 18 (Reuters) – Trade in agriculture, energy and rare earths has become major bargaining chips in the trade war between the United States and China and are likely to feature again when President Donald Trump hosts his counterpart Xi Jinping in Washington next week. Here
KYIV, Ukraine (AP) — Ukraine has long argued that Russia will only negotiate seriously if the cost of continuing the war becomes too high. For Kyiv, punitive sanctions that impose real economic costs on Moscow are a key part of that strategy. This week’s passage of a long-sought, sweeping package of
SINGAPORE, Sept 18 (Reuters) – Alphabet’s autonomous driving unit Waymo will roll out its autonomous all-electric ride-hailing service in Singapore by 2028, Waymo announced on Friday, marking its first entry into Southeast Asia. • Waymo said an initial fleet of all-electric Jaguar I-PACE vehicles wi
By Ankur Banerjee SINGAPORE, Sept 18 (Reuters) – Asian stocks rose and the dollar held its ground on Friday as investors contended with global policymakers ramping up efforts to rein in inflation, with a dip in oil prices improving sentiment ahead of an expected rate hike from the Bank of Japan. Mon
