NEW YORK, Sept 11 (Reuters) – U.S. consumer prices accelerated in August as the cost of gasoline rebounded after two straight monthly declines, bolstering market expectations that the Federal Reserve will raise interest rates next week. The Consumer Price Index increased 0.4% last month after edging
By Christina Amann and Rachel More HANOVER, Germany, Sept 11 (Reuters) – Germany’s IG Metall is demanding Volkswagen commits to honouring a landmark labour deal struck in 2024, a leading union representative said, citing fears that a recent turnaround agreement could undermine it with mass job losse
By Lisandra Paraguassu and Luciana Magalhaes BRASILIA/SAO PAULO, Sept 11 (Reuters) – Brazil’s Chief Justice Edson Fachin ordered the unsealing on Thursday of thousands of pages from a probe into an alleged multibillion-dollar fraud centered on failed lender Banco Master that implicated central bank
By Kane Wu and Yantoultra Ngui HONG KONG, Sept 11 (Reuters) – CVC Capital Partners has entered final talks to buy the EQT-owned mainland China business of contact lens maker Ginko International, four people with knowledge of the matter said. • A deal could value the business at $700 million to $800
By Lewis Krauskopf NEW YORK, Sept 11 (Reuters) – Investors head into next week’s Federal Reserve unclear about the prospects that the central bank will hike interest rates, a move that could threaten a U.S. stock market rally already showing some vulnerability to rising bond yields. For years, infla
Sept 11 (Reuters) – U.S. grocer Kroger cut its annual identical sales forecast on Friday, underscoring cautious consumer spending even in categories like staples such as food and household items amid growing macroeconomic uncertainty. Shares of the company were down about 1.5% in premarket trading.
By Anna Szymanski Sept 11 (Reuters) – As summer fades, so have hopes for a quick resolution to the U.S.-Iran conflict, as tit-for-tat strikes, new threats in the Red Sea, and President Donald Trump’s comments about the war lasting through November have all helped push crude prices back above $100 a
Sept 11 (Reuters) – Global equity funds recorded significant outflows in the week through September 9, as a surge in oil prices amid the U.S.-Iran war heightened concerns about inflation and rising borrowing costs. LSEG Lipper data showed that global equity funds recorded net outflows of $15.52 bill
CHICAGO (AP) — Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon on average as Washington’s war with Iran disrupts the world’s flow of fuel. The national average of $6.05 is up from $5.85 last week and $3.70 this time last year, according to motor club AAA. Higher
By Emily Green, David Shepardson, Nora Eckert and Kalea Hall MEXICO CITY/WASHINGTON, Sept 11 (Reuters) – Mexico and the United States are racing to reach a bilateral trade deal before the U.S. midterm elections in less than eight weeks, according to six sources in both countries familiar with the ta
Sept 11 (Reuters) – U.S. stock index futures bounced back as oil prices cooled on Friday and investors pinned their hopes on the consumer inflation report to end a rough week on a positive note. Oracle jumped nearly 7% premarket after topping estimates for quarterly results late Thursday, which reas
CAIRO (AP) — Yemen ‘s Iranian-backed Houthi rebels captured a strategic island in the Bab el-Mandeb Strait at the entrance of the Red Sea, two officials said Friday in a swift advance that further threatens Saudi oil exports through one of the world’s key commercial lanes. Saudi Arabia responded wit
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
