BEIJING, Sept 16 (Reuters) – China’s slower loan growth is becoming the new normal as shrinking property and local government sectors sap credit demand faster than emerging industries can fill the gap, central bank governor Pan Gongsheng said. The comments, published on Wednesday, come after data sh
SHANGHAI, Sept 16 (Reuters) – Chinese investors are piling into foreign assets, especially U.S. stock funds, after regulators lifted outbound quotas, unlocking pent-up demand as domestic yields are at rock bottom and Beijing tightens unofficial routes for moving money abroad. While China has cracked
Sept 16 (Reuters) – Australian companies have attracted a wave of takeover interest from private equity firms and overseas investors so far in 2026, although only a limited number of those approaches have advanced beyond the preliminary stages. Here are some Australian companies that have received t
Sept 15 (Reuters) – Apollo Global Management has extended $585 million in financing to office space provider The Executive Centre (TEC), the U.S.-based asset manager said on Tuesday. Here are some more details about the deal: • The proceeds will be used to refinance existing debt and support TEC’s e
By Leika Kihara TOKYO, Sept 16 (Reuters) – The Bank of Japan is set to raise interest rates to a 31-year high on Friday and signal readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs. The move would be
Sept 16 (Reuters) – Korean Air has finalized an order for 103 Boeing aircraft worth $36.2 billion at list prices, including wide-body passenger jets, freighters and single-aisle planes, the airline and the U.S. planemaker said on Wednesday, completing a deal first announced in 2025. • The order incl
By Rozanna Latiff and Julie Zhu KUALA LUMPUR/HONG KONG, Sept 16 (Reuters) – Malaysia’s government has asked Malaysia Airlines and Batik Air whether they could absorb AirAsia’s domestic market share, said two people with knowledge of the matter, as part of what they described as scenario planning whi
By Gregor Stuart Hunter SINGAPORE, Sept 16 (Reuters) – Stocks made tentative gains at the start of the Asian trading session on Wednesday as a rise in global bond yields and oil prices paused ahead of the Federal Reserve’s policy decision due later in the day. MSCI’s broadest index of Asia-Pacific s
Sept 16 (Reuters) – Reliance Worldwide said it agreed to a roughly $2.9 billion buyout from global investment firm Brookfield, a reprieve for the Australian plumbing supplies company that is facing the impact of U.S. tariffs and economic uncertainty. Shares of Reliance Worldwide jumped more than 7%
By Tom Westbrook SINGAPORE, Sept 16 (Reuters) – The dollar was hanging on to recent gains on Wednesday and trading near multi-week highs on a handful of major peers ahead of a Federal Reserve decision where traders expect the first of what could be several U.S. interest rate hikes. “A 25 basis-point
Libya Oil Security Force Shuts 2 Fields, Threatens Full Production Halt By The Media Line Staff A dispute over control of Libya’s oil security force disrupted crude production Tuesday, with guards imposing shutdowns and threatening broader cuts unless authorities agree to move their agency under the
‘The Red Sea Is the Most Important New Risk’ as Gulf Oil Bypasses Come Under Fire Attacks affecting Saudi Arabia’s East-West Pipeline and insecurity around Bab el Mandeb are weakening alternatives designed to keep crude moving when Hormuz is disrupted By Giorgia Valente / The Media Line The renewed
By Sam Li and Lewis Jackson BEIJING, Sept 16 (Reuters) – Oil prices fell on Wednesday after an unexpected build in U.S. crude inventories, while investors assessed supply risks after Saudi Arabia suspended oil loadings at its Yanbu port following an attack on its East-West pipeline to the Red Sea. B
NEW YORK (AP) — Photographer Chick Harrity, who documented the Vietnam War and eight sitting U.S. presidents for The Associated Press and U.S. News and World Report, has died. He was 87. Harrity took one of the best-known photographs of the Vietnam War, of a baby girl lying in a box alongside her br
By Danielle Kaye NEW YORK, Sept 15 (Reuters) – Not every winner in the AI race makes chips. Some sell cowboy boots. Boot Barn, a U.S. retailer best known for western wear, said on Tuesday that a growing share of its bulk workwear orders were now tied to data-center construction. The brand has long s
Sept 15 (Reuters) – The U.S. Justice Department on Tuesday urged a federal court to require states seeking to block Paramount Skydance’s $110 billion takeover of Warner Bros Discovery to post a “proper bond” covering the costs of any delay in completing the deal. The Justice Department said in a fil
By Jamie McGeever ORLANDO, Florida, Sept 15 (Reuters) – Investors must have had a strong sense of deja vu on Tuesday, as global bond yields hit fresh multi-year highs and supply fears yanked oil prices further above $100 a barrel, delivering a powerful one-two blow to stocks. Not the best way for wo
By Arasu Kannagi Basil and Nupur Anand Sept 15 (Reuters) – JPMorgan Chase expects investment banking fees and trading revenue growth to be strong in the third quarter, co-President Doug Petno said at an investor conference on Tuesday. Shares of the largest U.S. lender erased earlier losses and close
The loved ones of the 67 people who died last year when an airliner and Army helicopter collided over Washington, D.C., urged Congress and regulators Tuesday to do more now so other families aren’t left clutching belongings and memories instead of their spouses and children. Several of the victims’
By Jonathan Stempel Sept 15 (Reuters) – A federal judge on Tuesday said more than 20 defendants including 3M, DuPont and Honeywell must face claims by Connecticut firefighters who said their protective gear was contaminated by toxic “forever chemicals” that increased their risk of cancer. Lawyers fo
Sept 15 (Reuters) – Truist Financial said on Tuesday it has struck a deal to sell $5.5 billion of auto loans, as CEO Mike Lyons pushes to overhaul the U.S. bank and exit less profitable, non-core businesses. Here are some key details: • The sale is expected to generate $5.2 billion in net proceeds f
By Divya Rajagopal TORONTO, Sept 15 (Reuters) – Canadian gold miner Agnico Eagle is not interested in participating in Barrick Mining’s proposed North American initial public offering, Agnico CEO Ammar Al-Joundi said in an interview on Tuesday. “It would not make sense for us to buy into their North
By David Shepardson WASHINGTON, Sept 15 (Reuters) – The head of the Federal Aviation Administration said the first phase of an ambitious plan to modernize air traffic control will cost billions of dollars more than Congress has approved. Last year, Congress approved $12.5 billion for air traffic con
By Allison Lampert and Nandan Mandayam Sept 15 (Reuters) – Honeywell Aerospace’s CEO called GE Aerospace’s planned $12 billion acquisition of a castings maker “positive for the industry overall” and said on Tuesday he sees more opportunities to bring outsourced capabilities back in-house. Aerospace
By Laila Kearney and Kaori Kaneko NEW YORK/TOKYO, Sept 16 (Reuters) – Hitachi Energy plans to build a $528 million factory in Mississippi to produce electrical transformers, marking the single-biggest investment the company has made as part of its U.S. manufacturing expansion, the company said on Tu
By Tim Hepher COPENHAGEN, Sept 15 (Reuters) – Boeing is close to finalising a delayed order for 150 of its 737 MAX jets after Turkish Airlines threatened to walk away from the high-profile deal in a dispute over maintenance with engine maker CFM, four people familiar with the matter said. The deal,
Sept 15 (Reuters) – Coca-Cola on Tuesday said it plans to invest $10 billion in infrastructure in the U.S., one of its biggest markets, from 2026 through 2030. Here are some more details: • The planned spending includes projects previously announced in California, Colorado, Alabama, New York and oth
By Gianluca Lo Nostro and Tassilo Hummel PARIS, Sept 15 (Reuters) – Cosmetics group L’Oreal became France’s most valuable listed company on Tuesday, surpassing Louis Vuitton owner LVMH as high-end luxury companies remain under pressure after years of slowing sales and lacklustre earnings. It is the
By David Lawder WASHINGTON, Sept 15 (Reuters) – U.S. Treasury Secretary Scott Bessent on Tuesday blamed rising bond yields on “global issues” and confirmed he will meet with Chinese Vice Premier He Lifeng this weekend ahead of a meeting between President Donald Trump and Chinese President Xi Jinping
WASHINGTON (AP) — Senate Democrats on Tuesday blocked legislation to create a new regulatory framework for cryptocurrency, stalling an industry-backed effort to place new guardrails around digital assets after demanding more limits on President Donald Trump’s investments. The 49-50 vote on whether t
