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Business— page 63

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Factbox-Venezuela’s mining sector: more data needed on geological potential

Sept 8 (Reuters) – Following are facts about Venezuela’s mining sector, which is attracting interest from U.S. President Donald Trump’s administration. CONFUSION OVER RESERVES AND RESOURCES In 2019, then-Venezuelan President Nicolas Maduro and Delcy Rodriguez, who is acting president, announced a fi

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Factbox-Venezuela’s mining sector: more data needed on geological potential
business

Goldman expands AI push with new engineering office in Bellevue

Sept 8 (Reuters) – Goldman Sachs said on Tuesday it has opened a new office in Bellevue, Washington, to serve as a dedicated engineering location for more than 125 employees focused on AI and cloud transformation. Corporate America has stepped up investments in AI as the fast-growing technology prom

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Goldman expands AI push with new engineering office in Bellevue
business

Boeing August deliveries dip as 787 handovers fall

By Dan Catchpole SEATTLE, Sept 8 (Reuters) – Boeing said on Tuesday that it delivered 51 jets in August, a slight dip from the previous month and down from 57 jets a year earlier, as the number of 787 Dreamliners handed to customers declined. • The U.S. planemaker delivered only four 787s, down from

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Boeing August deliveries dip as 787 handovers fall
business

Consumers more worried about personal finances and jobs, New York Fed report shows

By Michael S. Derby NEW YORK, Sept 8 (Reuters) – U.S. consumers’ outlook for inflation was little changed in August, as households’ worries about the job market and the state of their personal finances mounted, the New York Federal Reserve said in a report on Tuesday. The regional Fed bank’s latest

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Consumers more worried about personal finances and jobs, New York Fed report shows
business

Air traffic control issue disrupts departing flights at major UK airports

LONDON, Sept 8 (Reuters) – Some departing flights at major British airports were disrupted on Tuesday after air traffic control provider NATS experienced a technical issue, with Heathrow, Gatwick, Manchester and Stansted among the airports affected by restrictions and delays. “We have identified tha

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Air traffic control issue disrupts departing flights at major UK airports
business

Bombardier shares fall after Trump threatens US market access

By Fergal Smith and Allison Lampert TORONTO/MONTREAL Sept 8 (Reuters) – Bombardier shares pared earlier losses on Tuesday after President Donald Trump threatened the Canadian private jet maker’s access to the lucrative U.S. market, which accounts for about half of the company’s sales. Shares slipped

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Bombardier shares fall after Trump threatens US market access
business

BUSINESS HEADLINES

What to know about Canada’s escalating trade war with the US as Carney retaliates with tariffs TORONTO (AP) — Canada’s retaliatory tariffs on about $20 billion worth of U.S. goods take effect Tuesday. Prime Minister Mark Carney has rejected U.S. demands he says could hollow out key Canadian industri

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business

Holtec Nuclear targets $10.2 billion valuation in US IPO as fall window kicks off

Sept 8 (Reuters) – Holtec is targeting a valuation of up to $10.2 billion in its U.S. initial public offering, the nuclear technology company said on Tuesday, as Wall Street kicks off its post-Labor Day dealmaking stretch. The Camden, New Jersey-based company is seeking up to $900 million by offerin

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Holtec Nuclear targets $10.2 billion valuation in US IPO as fall window kicks off
business

Wall St mixed at open as Gulf tensions send oil to over six-week high

Sept 8 (Reuters) – Wall Street’s main indexes were mixed at open on Tuesday as fresh hostilities in the Middle East pushed oil prices to their highest since late July, while markets await inflation data due later this week. The Dow Jones Industrial Average fell 303.8 points, or 0.57%, at the open to

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Wall St mixed at open as Gulf tensions send oil to over six-week high
business

Police arrest suspect in Germany power grid attacks after dayslong search

BERLIN (AP) — Police arrested a suspect Tuesday in connection with a series of attacks on power distribution systems across Germany that led to a massive, dayslong search. A 48-year-old man was arrested near a power plant in Weisweiler, in the western state of North Rhine-Westphalia. The man, whose

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Police arrest suspect in Germany power grid attacks after dayslong search
business

Hormuz disruptions hitting small businesses hardest, UN trade agency warns

GENEVA, Sept 8 (Reuters) – Disruptions in the Strait of Hormuz could push small and medium-sized businesses out of global supply chains, increasing economic concentration and weakening the resilience of international trade, the United Nations Conference on Trade and Development said on Tuesday. • Ri

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Hormuz disruptions hitting small businesses hardest, UN trade agency warns
business

Hungary expels 10 Russian diplomats as it shifts away from previous pro-Moscow stance

BUDAPEST, Hungary (AP) — Hungary ordered 10 members of Russia’s diplomatic mission in Budapest to leave the country over activities deemed unacceptable, the government said Tuesday, signaling a shift away from the previous administration’s warm relations with Moscow. The Russian ambassador was infor

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Hungary expels 10 Russian diplomats as it shifts away from previous pro-Moscow stance
business

In Australia’s shale patch, Americans bring money, tech and lessons learned

By Helen Clark DARWIN, Australia, Sept 8 (Reuters) – The developers of Australia’s Beetaloo Basin are bringing in U.S. equipment, money, expertise and – they hope – U.S.-style scale and efficiencies to reduce costs and make the country’s first shale gas project economically viable. The Beetaloo shal

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In Australia’s shale patch, Americans bring money, tech and lessons learned
business

GE Aerospace to spend nearly $12 billion to bring key castings supplier in-house

By Shivansh Tiwary Sept 8 (Reuters) – GE Aerospace said on Tuesday it would buy castings supplier Consolidated Precision Products from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion, as the aerospace giant seeks to boost in-house manufacturing capacity. Engine makers are r

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GE Aerospace to spend nearly $12 billion to bring key castings supplier in-house
business

Morning Bid: Yen at work

(Refiled to add a missing “a” letter in paragraph 5) By Mike Dolan Sept 8 (Reuters) – As U.S. markets return from the Labor Day holiday, calm in global markets was broken on Monday and Tuesday after a fresh surge in Japan’s yen to its strongest levels since February. While there’s persistent nervous

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Morning Bid: Yen at work
business

Australian social media users to be offered choice to opt out of algorithms

CANBERRA, Australia (AP) — Australian social media users would be given a choice to opt out of algorithms under proposed laws announced by the government Tuesday that would let users have more control over what they see on their social media feeds. “We’ll require social media platforms to provide us

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Australian social media users to be offered choice to opt out of algorithms
business

Five spots to watch as the bond market creeps up on 5%

By Karen Brettell, Chuck Mikolajczak, Svea Herbst-Bayliss and Gertrude Chavez-Dreyfuss NEW YORK, Sept 8 (Reuters) – The U.S. bond selloff that started with the war with Iran has pushed the 10-year Treasury yield up near 5%, a level it hasn’t held for long in almost two decades. What happens if and w

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Five spots to watch as the bond market creeps up on 5%
business

The yen’s sudden surge upsets the carry trade faithful

By Ankur Banerjee and Rocky Swift SINGAPORE, Sept 8 (Reuters) – A blistering rally in the Japanese yen ahead of an expected interest rate hike from the Bank of Japan next week is upending the long-established and lucrative carry trade, as investors rethink the path ahead for the volatile currency. E

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The yen’s sudden surge upsets the carry trade faithful
business

Wall St futures slip as oil surge puts markets on edge

Sept 8 (Reuters) – U.S. stock index futures slipped on Tuesday as fresh hostilities in the Middle East sent oil prices to their highest since late July, deepening market gloom ahead of inflation data later this week. The declines follow a roller coaster stretch that saw investors rushing to readjust

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Wall St futures slip as oil surge puts markets on edge
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BYD targets more than 2.5 million vehicle exports in 2027, brokerages say

BEIJING, Sept 8 (Reuters) – Chinese electric vehicle maker BYD expects overseas shipments to exceed 2.5 million vehicles in 2027, two major brokerages said on Tuesday, citing a group meeting with company management. BYD did not immediately respond to a request for comment. • The export target is und

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BYD targets more than 2.5 million vehicle exports in 2027, brokerages say
business

World shares and US futures decline, while oil prices press higher

BANGKOK (AP) — World shares and U.S. futures skidded Tuesday as flaring conflict in the Middle East pushed oil prices higher. A wave of Houthi attacks on oil facilities and utilities in Saudi Arabia’s southern region has escalated renewed fighting between an important U.S. ally and Iranian-backed re

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World shares and US futures decline, while oil prices press higher
business

Analysis-Why the BOJ will bet small on rate hikes now to avoid a bigger shock later

By Leika Kihara TOKYO, Sept 8 (Reuters) – The last time Japan’s central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be worth more than the combined real estate of California. That was 1989, the peak of Japan’s asset bub

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Analysis-Why the BOJ will bet small on rate hikes now to avoid a bigger shock later
business

China’s car exports stay strong in August but domestic sales decline more

BEIJING, Sept 8 (Reuters) – China’s car exports stayed robust in August as BYD and other automakers shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market where their sales fell for the 11th month in a row. Passenger vehicle exports jumped 77.5% from a year ear

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China’s car exports stay strong in August but domestic sales decline more
business

BHP, union talks for Port Hedland iron ore workers to stretch into next week

MELBOURNE, Sept 8 (Reuters) – Talks between BHP and unions representing workers at the mining giant’s Port Hedland iron ore operations in Western Australia ended without a deal, with further negotiations scheduled for next week, the parties said on Tuesday. The three unions of the Combined BHP Ports

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BHP, union talks for Port Hedland iron ore workers to stretch into next week