TOKYO, Sept 15 (Reuters) – A look at the day ahead in European and global markets from Satoshi Sugiyama. U.S. President Donald Trump headed into the week facing a reckoning over two brakes: the one he wants the Federal Reserve to hit on interest rates, and the one he wants Silicon Valley to avoid hi
Sept 15 (Reuters) – Chinese-owned seed giant Syngenta Group has confidentially filed for a Hong Kong IPO and is considering raising about $5 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Bipasha Dey
By Jennifer Rigby LONDON, Sept 15 (Reuters) – No government in the world is ready for the changes artificial intelligence will bring to society, Bill Gates said in an interview with Reuters, as he warned of the risks ahead. The Microsoft co-founder and billionaire philanthropist had until recently b
By Summer Zhen HONG KONG, Sept 15 (Reuters) – A global multi-asset fund managed by Swiss asset manager Pictet has seen its size tripling to more than $5 billion this year, helped by Chinese investors’ rush into overseas assets, including alternatives and products offering exposure to AI supply chain
(Corrects spelling of first name in the fourth paragraph and surname in the eighth paragraph) By Wa Lone and Kyaw Soe Oo TORONTO, Sept 14 (Reuters) – Hundreds of activists rallied in downtown Toronto on Monday, demonstrating against Prime Minister Mark Carney’s investment summit that seeks to attrac
BEIJING, Sept 15 (Reuters) – China’s industrial output picked up pace in August though sluggish consumption and a worsening investment slump reinforced concerns over deepening economic imbalances. Tuesday’s data highlighted a familiar fault line in the world’s second-largest economy, where resilient
By Satoshi Sugiyama TOKYO, Sept 15 (Reuters) – Asian shares struggled on Tuesday as investors weighed Middle East tensions and calls by industry figures for a slowdown in AI development, while elevated oil prices and higher bond yields added to caution before key central bank meetings in the U.S. an
BEIJING, Sept 15 (Reuters) – China’s new home prices extended declines in August, official data showed on Tuesday, underscoring the persistent drag from the country’s prolonged property downturn. New home prices fell 0.1% in August, matching the decline in July and June, according to Reuters calcula
Sept 15 (Reuters) – Oil prices rose on Tuesday as concerns over supply disruptions persisted after attacks on Saudi Arabian energy infrastructure left the kingdom’s East-West pipeline offline and cast doubt on efforts to ease shipping risks in the Gulf. Brent crude futures rose $1.24, or 1.18%, to $
RICHMOND, Va. (AP) — Power companies NextEra Energy and Dominion Energy, which are seeking approval to merge into one behemoth, announced plans Monday to sweeten the deal in Virginia, Dominion’s home base, where the proposal has faced skepticism from the Democratic governor and legislative leaders.
By David Shepardson WASHINGTON, Sept 14 (Reuters) – The U.S. National Transportation Safety Board said responses by the Federal Aviation Administration to 11 of 33 recommendations made by the board after a 2025 mid-air collision killed 67 people near Washington were “unacceptable” and failed to addr
CHICAGO (AP) — Saudi Arabia’s closure of a major oil pipeline after a recent attack is raising fears that global energy markets in crisis because of the war with Iran could face even starker shortages, pushing prices higher for fuel and other essentials. The largest oil producer in the Middle East c
By Nivedita Balu and Promit Mukherjee TORONTO, Sept 14 (Reuters) – Canadian Prime Minister Mark Carney welcomes dozens of global investors to Toronto this week, hoping to lure investments for more than 160 projects that he says are key to steering Canada’s economy through a trade war with the United
By Jamie McGeever ORLANDO, Florida, Sept 14 (Reuters) – The 10-year U.S. Treasury yield rose above 5% on Monday for the first time in nearly three years, as yet another rise in energy prices from supply disruptions in the Middle East fueled worries over inflation. Meanwhile, AI stocks dragged Wall S
By Georgina McCartney and Sheila Dang HOUSTON, Sept 14 (Reuters) – U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war. “We would consider an export ban if we thought that actually m
Sept 14 (Reuters) – Wells Fargo said on Monday that John Manning, executive vice president and head of commercial banking market coverage, would retire at the end of the year after more than three decades with the bank. Here are more details: • Manning’s career spanned over 40 years in financial ser
By Nicole Jao NEW YORK, Sept 14 (Reuters) – Exxon Mobil brought its 264,000-barrel-per-day (bpd) refinery in Joliet, Illinois, offline after a power outage occurred on Sunday, the company said on Monday. The outage occurred at about 3:30 p.m. CT on Sunday and power was restored at around 7:00 p.m.,
By Joanna Plucinska LONDON, Sept 14 (Reuters) – AirBaltic is in talks with labour unions to come to an agreement on an “adjustment in the workforce,” Chief Executive Erno Hilden told Reuters on Monday after the Latvian carrier announced it was voluntarily entering Chapter 11 bankruptcy proceedings.
BELGRADE, Serbia (AP) — University students behind nearly two years of anti-government protests in Serbia on Monday formally entered the election race before an early parliamentary vote, challenging populist President Aleksandar Vucic. The youth movement submitted their election list to the state el
NEW YORK, Sept 14 (Reuters) – Bank of America expects its investment banking fees to drop by at least 10% in the third quarter, while sales and trading revenue will be flat, CEO Brian Moynihan said on Monday. Shares of BofA extended losses after his comments, dropping over 5% by late afternoon trade
PORTLAND, Maine (AP) — The Supreme Court will decide later this month whether to hear a lobster fisherman’s challenge to a government requirement that boats use electronic tracking devices. That case could have broad consequences for the American commercial fishing industry. Maine lobsterman Frank T
Costco has raised the price of motor oil sold under its exclusive private-label brand as well as limited how much of it customers can buy weekly as oil prices climb yet again. Americans looking to try to save some money by purchasing motor oil to do their own oil changes may consider this yet anothe
By Joanna Plucinska and Gianluca Lo Nostro LONDON, Sept 14 (Reuters) – After Latvian airline airBaltic filed Chapter 11 proceedings on Monday, the aviation sector is bracing for a tough winter as the Iran war continues to push up jet fuel costs. The U.S. war with Iran has sparked the worst airline c
By Scott DiSavino NEW YORK, Sept 14 (Reuters) – Oil prices climbed over 2% on Monday as worries about energy supplies mounted following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the Middle East. Brent futures rose $2.72, or 2.6%, to $107.33 per barrel at 11:39 a.m. E
Sept 14 (Reuters) – DeepSeek plans to hire Yan Wentao, a partner at venture-capital firm GL Ventures, as its first chief financial officer, two people with knowledge of the matter said, as the Chinese AI startup prepares for a potential initial public offering. Reuters reported last week that Hangzh
Sept 14 (Reuters) – Anthropic CEO Dario Amodei on Saturday called for a slowdown in the pace of advanced AI development, winning rare backing from SpaceXAI’s Elon Musk and OpenAI CEO Sam Altman and sparking a debate over AI “doomerism”. President Donald Trump dismissed the warnings about AI’s potent
TOKYO (AP) — The president of Chubu Electric Power Co., Japan’s third-largest utility, said Monday that he and the chairperson are resigning to take responsibility over the company’s yearslong manipulation of earthquake safety data for two nuclear reactors and that the operator will withdraw applica
NEW YORK, Sept 14 (Reuters) – Benchmark 10-year U.S. Treasury yields climbed above 5% on Monday, the highest level since October 2023 and a closely watched psychological threshold that analysts say could ripple through the U.S. economy and threaten the bull market in stocks by denting the relative a
NEW YORK (AP) — Oprah Winfrey stood alone at the Sphere, attempting to comprehend what she had witnessed after U2’s opening night performance in 2023. Mesmerized by the multisensory event, the Queen of All Media had a thought: Could she use the groundbreaking, 4D capabilities of the globe-shaped are
BEIJING, Sept 14 (Reuters) – Guangzhou Automobile Group signed a letter of intent with FAW Group, another Chinese automaker, it said on Monday, to acquire part of FAW’s stake in a vehicle-manufacturing joint venture through a share issuance and proposed capital raise. If completed, FAW is expected t
