Sept 11 (Reuters) – Oracle shares rose 5.5% premarket on Friday after the cloud computing and software company’s stronger-than-expected quarterly results eased concerns around its massive debt-driven spending spree. The Austin, Texas-based firm booked more than $30 billion of additional AI cloud con
By Keshav SinghChundawat Sept 11 (Reuters) – Australian stocks ended Friday at a more than two-month low, as miners led by BHP lost on weaker commodity prices, while a surge in oil prices over the week heightened inflation concerns and kept investors on edge. The benchmark S&P/ASX 200 index fell 0.9
By Rocky Swift and Miho Uranaka TOKYO, Sept 11 (Reuters) – A plan by Kioxia to list shares in the United States could put the Japanese chipmaker back into the global investment spotlight, said the lead manager of a $14 billion AI-focused fund. Kioxia, whose 456% surge this year leads gains on the be
By Helen Reid LONDON, Sept 11 (Reuters) – Fast fashion giant Inditex is investing in the United States as a key growth market, CEO Oscar Garcia Maceiras told Reuters, as the Zara owner opens new stores and revamps existing outlets to woo more aspirational shoppers. Zara store openings are planned in
NEW YORK (AP) — U.S. stocks are rebounding Friday and clawing back much of their losses for the week after oil prices eased off their recent spurt. An update on inflation across the United States that came in close to economists’ expectations also helped calm the market. The S&P 500 jumped 1.1% and
By Ankur Banerjee SINGAPORE, Sept 11 (Reuters) – A global bond selloff pushed U.S. 10-year Treasury yields near the closely watched 5% level on Friday as inflationary fears stemming from oil prices surging well beyond $100 a barrel and rising odds of a near-term U.S. rate hike rattled investors. Wit
By Stefano Rebaudo and Sophie Kiderlin Sept 10 (Reuters) – Persistent inflation pressures and resilient economic growth have increased the risk of further rate hikes by major central banks, as energy prices rise and Middle East tensions show little sign of easing. The European Central Bank hiked rat
By Rachel More and Andreas Rinke BERLIN, Sept 11 (Reuters) – Volkswagen’s overhaul has put the leader of Lower Saxony in a bind: backing deep job cuts in the carmaker’s biggest restructuring in history while trying to fend off the far-right AfD party that is making gains around the country. The nort
NEW DELHI (AP) — Leaders of the BRICS nations will meet in New Delhi this weekend as wars in Ukraine and the Middle East and U.S.-China tensions test the group’s ability to act together. Host India will seek to balance its ties with China and Russia against its growing partnerships with the United S
In recent weeks, the United States has succeeded in loosening Iran’s grip over the Strait of Hormuz while virtually shutting down Iran’s own oil exports, accelerating its economic free fall. But the war launched by the U.S. and Israel in February — intended to last a few weeks — is still far from ov
WASHINGTON (AP) — Friday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials
By Bhanvi Satija, Oliver Hirt and Marleen Kaesebier LONDON/ZURICH, Sept 11 (Reuters) – Novartis investors are set to step up scrutiny of the Swiss group’s dealmaking strategy after setbacks to drugs it acquired through mergers and acquisitions hit its shares, raising concerns about its pipeline. Eig
A look at the day ahead in European and global markets from Stella Qiu Perhaps promising to borrow $1.3 trillion to give to every American who votes for you wasn’t such a good idea. It may not have been the direct cause of the bond market’s latest rout, but such fiscal extravagance at a time of ramp
By Lucia Mutikani WASHINGTON, Sept 11 (Reuters) – U.S. consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week. The Labor Depa
BEIJING, Sept 11 (Reuters) – China’s industry ministry unveiled on Thursday a roadmap to strengthen its smart electric vehicle industry, targeting large-scale deployment of autonomous-driving vehicles by 2030 and greater global influence for its auto sector. Key targets and policy measures include:
By Leika Kihara and Takahiko Wada TOKYO, Sept 11 (Reuters) – The Bank of Japan is set to raise interest rates next week, most likely by 25 basis points, and may signal faster future tightening if price pressures heighten risks of an inflation overshoot, said four sources familiar with its thinking.
Sept 10 (Reuters) – OpenAI Chief Executive Sam Altman told employees at a company meeting this week that the firm was open to slowing development of its AI systems, Bloomberg News reported on Thursday, citing sources, amid growing concern about the safety of advanced AI systems. Here are some detail
TOKYO, Sept 11 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets. “Our policy stance has not changed at all since Japan and the United States conducted the c
SINGAPORE, Sept 11 (Reuters) – Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies. Brent crude fut
By Gregor Stuart Hunter SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices. The U.S.
By Stella Qiu SYDNEY, Sept 11 (Reuters) – Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe. Brent crude climbed to a four-month
Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing differences betwe
Sept 10 (Reuters) – Activist investment firm Barington Capital Group has taken a new stake in Bath & Body Works and is pushing the personal care brand to explore a sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the Columbus, Ohio-based company rose about
By Suzanne McGee PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In
By Jamie McGeever ORLANDO, Florida, Sept 10 (Reuters) – Global bond yields leaped to multi-year highs and U.S. and European stocks slumped on Thursday, as oil surged above $100 a barrel on the prospect of prolonged conflict in the Middle East. U.S. President Donald Trump added to investors’ inflatio
Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according to dat
State environmental regulators are reviewing permits they recently granted for the Line 5 tunnel project, in light of a recent Michigan Supreme Court decision that raised the bar for environmental reviews. Gov. Gretchen Whitmer and Phil Roos, director of the Michigan Department of Environment, Great
By Nora Eckert DETROIT, Sept 10 (Reuters) – Stellantis CEO Antonio Filosa said at an analyst conference on Thursday that there is a clear split in the global automotive market today: the U.S., and everywhere else. The chief of the automaker, which produces Jeep and Ram vehicles, spoke about how the
By Pete Schroeder and Michelle Price WASHINGTON, Sept 10 (Reuters) – Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve and its top regulatory official on Thursday, alleging the central bank mishandled a sweeping overhaul of its capital regul
LONDON (AP) — The CEO of Ryanair on Thursday disputed that a passenger injured during a flight on one of its planes in July was partly sucked out a broken window. Ljubisa Karovic injured his neck and shoulder and had friction burns after the window shattered shortly after takeoff on a flight from no
