(Corrects spelling of Macau in NBA entry) Oct 27 (Reuters) – Kylian Mbappe was dropped by multiple Chinese brands in late October over comments referring to the late Chinese leader Mao Zedong, the latest celebrity to face backlash over such missteps. In China, jokes or satire about the country’s fou
Oct 27 (Reuters) – High levels of borrowing to fund AI infrastructure is expanding private credit beyond traditional corporate lending, but a wave of loans coming due in the next few years could leave weaker borrowers struggling to refinance, Moody’s Ratings said on Tuesday. Here are more details: •
SAO PAULO, Oct 27 (Reuters) – Brazilian markets recovered some ground on Tuesday after a sharp selloff triggered by President Luiz Inacio Lula da Silva’s reelection, while his government downplayed the previous day’s turmoil as a temporary repositioning by investors and pledged to maintain fiscal re
By Akash Sriram Oct 27 (Reuters) – Super Micro-backed cloud computing firm Argentum AI is in talks to secure a $5 billion financing deal for AI chips with a major private credit firm, according to two people familiar with the matter. One of the people said the money would pay for additional chips fo
By Mike Dolan Oct 27 (Reuters) – Tech stocks staged a decent rally on Monday, seemingly taking AI darling Anthropic’s IPO filing and Meta’s additional equity raising plans as a vote of confidence in the AI boom, rather than what it clearly is – a deluge of new supply. Either way, the jump in prices
BENGALURU, Oct 27 (Reuters) – High inflation will persist in the global economy well into next year, according to hundreds of economists polled by Reuters, who are now increasingly concerned that price pressures will become entrenched beyond rising energy costs caused by the conflict in the Middle E
By Doyinsola Oladipo and Nandan Mandayam Oct 27 (Reuters) – JetBlue Airways shares surged 20% on Tuesday, after the airline raised its revenue forecast and defended its financial position against a recent slump in its bonds. The airline moved up its third-quarter earnings release by a day to Monday,
By Lucia Mutikani WASHINGTON, Oct 27 (Reuters) – New orders for key US-manufactured capital goods increased in September and shipments of these products surged, suggesting business spending on equipment maintained a robust growth pace in the third quarter, though doubts are mounting over the huge co
Oct 27 (Reuters) – Private equity giant Advent raised $30 billion across its latest fund complex, the firm said on Tuesday, securing capital for a flagship buyout vehicle and a new mid-market strategy, and defying a sluggish exit market. Here are more details: • Advent raised $27 billion for its 11t
By Dan Catchpole and Shivansh Tiwary SEATTLE, Oct 27 (Reuters) – Boeing posted a bigger third-quarter loss than expected on Tuesday, as supply-chain challenges and production delays in its commercial airplane division overshadowed stronger margins across the rest of the company. Shares of the US pla
MILAN, Oct 27 (Reuters) – China’s Great Wall Motor will build its Ora 5 compact SUV in Bulgaria from early 2027 under a manufacturing agreement with a local partner, establishing its first manufacturing base in Europe as it seeks a comeback in the region. Great Wall Motor said on Tuesday the Bulgari
Oct 27 (Reuters) – Hilton Worldwide Holdings missed third-quarter revenue estimates on Tuesday and warned that US midterm elections and the Middle East conflict could weigh on its fourth-quarter performance, sending its shares down 5% in premarket trading. Steady leisure and business travel demand s
By Manya Saini Oct 27 (Reuters) – PayPal CEO Enrique Lores on Tuesday expressed growing confidence in the payments company’s years-long turnaround, as cost cuts and expanding margins helped drive a raise in its annual profit forecast. The company, which became synonymous with digital payments during
By Juveria Tabassum and Alexander Marrow Oct 27 (Reuters) – Coca-Cola on Tuesday raised its annual profit forecast as soft drink demand held up in markets including India and Brazil, even as it warned of accelerating cost pressures and persistent consumer weakness into 2027. The company has sought t
Oct 27 (Reuters) – United Parcel Service raised its annual revenue and profit forecasts on Tuesday after beating quarterly earnings estimates, helped by higher-margin international air shipments and a reduction in lower-margin deliveries for Amazon.com. The world’s largest parcel delivery company, w
By Eduardo Baptista BEIJING, Oct 27 (Reuters) – DeepSeek’s latest AI model showed stronger safety controls in independent tests than earlier versions, but could still disable software intended to shut it down, exploit gaps in monitoring and follow deceptive instructions during long tasks, according
Oct 27 (Reuters) – General Motors said on Tuesday it would transfer the listing of its common stock to Nasdaq from the New York Stock Exchange, joining a growing number of companies looking to align themselves with the tech-heavy exchange. Walmart, Hilton and Palantir are among the other companies t
Oct 27 (Reuters) – A spike in Treasury yields is forcing US banks to confront an uncomfortable question: sell bonds worth billions of dollars they own at a loss, or hold on to paper losses? Both carry costs. Selling involves taking an immediate financial hit, while waiting would pile on losses on th
Oct 27 (Reuters) – US stock index futures were little changed on Tuesday as crude oil hovered near its highest in six weeks, while investor attention turned to a slate of key corporate earnings and the Federal Reserve’s interest-rate decision this week. The Fed is widely expected to hold rates stead
By Olesya Astakhova and Ahmad Ghaddar MOSCOW/LONDON, Oct 27 – OPEC+ oil-producing countries are likely to keep their December oil output targets steady on Sunday, three people with knowledge of the matter told Reuters, in line with expectations that further output policy adjustments are unlikely unt
By Eduardo Baptista and Laurie Chen Oct 26 (Reuters) – A US federal judge on Monday granted Alibaba Group Holding’s request for a preliminary injunction, ordering the US government not to deny Pentagon contracts to companies because they, their parent companies or subsidiaries do business with firms
By Alessandro Parodi and Joanna Plucinska ROISSY-EN-FRANCE, France, Oct 27 (Reuters) – A sleek black Porsche Cayenne glides across the tarmac at Charles de Gaulle airport in Paris as it delivers the elite passengers many airlines are seeking to court to an Air France Boeing 777 jet. The sharpened fo
By Rachel More BERLIN, Oct 27 (Reuters) – Volkswagen’s sports car maker Porsche on Tuesday reported a recovery in profit in the first nine months of the year, in an early sign CEO Michael Leiters’ turnaround plan to downsize and retreat from China is yielding results. Leiters took office at the star
SEOUL, Oct 27 (Reuters) – South Korea’s semiconductor exports could fall by $50 billion to $100 billion compared with earlier forecasts if capital spending on artificial intelligence by major US technology firms slows next year, according to central bank data. In a written response submitted to lawm
SHANGHAI/SINGAPORE, Oct 27 (Reuters) – The Japanese yen eased against the US dollar on Tuesday, underpinned by a risk-on mood and a weaker euro ahead of key central bank meetings this week that will influence the global rates outlook. The yen was 0.1% weaker at 157.66 per dollar, inching further awa
By Ankur Banerjee SINGAPORE, Oct 27 (Reuters) – Asian stocks surged on Tuesday as AI bellwether Anthropic’s eagerly anticipated IPO filing lifted risk appetite ahead of tech earnings that will be a test for the AI trade, and central bank meetings that will influence near-term interest rates. Claude-
By Daphne Zhang and Lewis Jackson BEIJING Oct 27 (Reuters) – Utopia is one of Australia’s best Angus bulls: jet black, muscular, he sires big, fast-growing cattle with superb meat quality. On a recent morning at the Total Livestock Genetics facility in Camperdown, two hours west of Melbourne, Utopia
By David Lawder and David Shepardson WASHINGTON, Oct 26 (Reuters) – US Trade Representative Jamieson Greer told the European Union on Monday that a lack of information about its record-breaking loan to Airbus threatens a delicate transatlantic trade truce, including on financing large civil aircraft
By Sethuraman N R NEW DELHI, Oct 27 (Reuters) – Oil prices turned positive on Tuesday after a fall of about 1%, earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks. Brent
By Keshav SinghChundawat and Sneha Kumar Oct 27 (Reuters) – Star Entertainment closed 13% higher on Tuesday after the casino operator swung to profit for the first time in nearly a year, with strong performances at its Sydney and Gold Coast sites and cost-saving measures lifting first-quarter earnin
