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China’s exports pick up in August, jumping 25% as its trade surplus widens

BANGKOK (AP) — China’s exports jumped 25% in August from a year earlier on strong demand for autos and high-tech goods as its record trade surplus widened further, its customs agency said Tuesday. The data was broadly in line with what economists had expected and comes just ahead of a planned meetin

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China’s exports pick up in August, jumping 25% as its trade surplus widens
business

Morning Bid: The yen also rises

A look at the day ahead in European and global markets from Gregor Stuart Hunter Summer’s officially over. Buckle up! The yen has surged to a seven-month high against the U.S. dollar, with carry trades starting to buckle as markets ramp up expectations for a path of rate hikes from the Bank of Japan

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Morning Bid: The yen also rises
business

Canada’s retaliatory tariffs take effect as US trade talks stall

By Promit Mukherjee OTTAWA, Sept 8 (Reuters) – Canada’s retaliatory tariffs on U.S. goods took effect just after midnight on Tuesday as Prime Minister Mark Carney increased economic pressure on his country’s biggest trading partner after negotiations collapsed last month, intensifying an 18-month-ol

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Canada’s retaliatory tariffs take effect as US trade talks stall
business

China’s exports surge as demand for high-tech, AI help prop up economic growth

BEIJING, Sept 8 (Reuters) – China’s export growth quickened last month, buoyed by strong overseas appetite for high-tech and AI-related products, providing vital support for an economy weighed down by sluggish domestic demand. The divergence between resilient exports and weak activity at home highli

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China’s exports surge as demand for high-tech, AI help prop up economic growth
business

Why isn’t oil above $100 despite supply disruptions?

(Corrects China’s reserves to 1.17 billion barrels, not 1.7 billion, in paragraph 20) By Florence Tan SINGAPORE, Sept 8 (Reuters) – Global oil benchmark Brent crude has rallied this month but stayed below $100 a barrel despite recent escalation in the U.S.-Iran conflict that has disrupted Gulf expor

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Why isn’t oil above $100 despite supply disruptions?
business

Asia stocks waver as yen surges, Iran warns of retaliation

By Gregor Stuart Hunter SINGAPORE, Sept 8 (Reuters) – The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher. Japan’s Nikkei 225 fluctuated between gains a

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Asia stocks waver as yen surges, Iran warns of retaliation
business

Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity

Sept 8 (Reuters) – Australia’s Firmus said on Tuesday it had signed a multi-year deal with OpenAI to supply computing capacity from two Malaysian data centres, making the ChatGPT maker an anchor customer as demand surges for infrastructure to run advanced AI models. Here are the details: • The deal

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Nvidia-backed Firmus signs deal with OpenAI for Malaysia data centre capacity
business

Yen extends rally to new seven-month high; dollar subdued ahead of CPI

By Jiaxing Li HONG KONG, Sept 8 (Reuters) – The Japanese yen climbed to a seven-month high against the U.S. dollar on Tuesday, as traders continued to unwind short positions amid growing bets of a Bank of Japan interest-rate hike while the dollar was subdued ahead of CPI data this week. The yen stre

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Yen extends rally to new seven-month high; dollar subdued ahead of CPI
business

Oil rises as risks of prolonged Mideast conflict heighten supply worries

Sept 8 (Reuters) – Oil prices extended gains on Tuesday as risks of a prolonged conflict in the Middle East grew after Iran threatened to retaliate against any new U.S. attacks on its assets, heightening worries over supply disruption. Brent crude futures climbed 34 cents, or 0.35%, to $97.34 a barr

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Oil rises as risks of prolonged Mideast conflict heighten supply worries
business

Japan upgrades Q2 GDP on slight capex improvement

By Satoshi Sugiyama TOKYO, Sept 8 (Reuters) – Japan’s economy grew faster than initially estimated in the April-June quarter from the previous three months, supported by business spending that was less weak than the first reading, revised data showed on Tuesday. The figure released by the Cabinet Of

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Japan upgrades Q2 GDP on slight capex improvement
business

EverBank to combine with WaFd in $3.9 billion reverse merger

Sept 7 (Reuters) – Florida-based EverBank Financial has agreed to acquire WaFd, a smaller bank in the Pacific Northwest, in a $3.9 billion reverse merger transaction, the companies said on Monday. The deal would create a regional bank with some $75 billion in assets, the Wall Street Journal reported

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EverBank to combine with WaFd in $3.9 billion reverse merger
business

Trump says Canada’s Bombardier must build jets in US or lose market access

By Bhargav Acharya and Allison Lampert TORONTO/MONTREAL Sept 7 (Reuters) – U.S. President Donald Trump said on Monday that Canadian private jet maker Bombardier would no longer be allowed to sell its planes in the United States unless it started manufacturing in the country. “NO MORE SELLING BOMBARD

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Trump says Canada’s Bombardier must build jets in US or lose market access
business

Airbus aircraft deliveries to end-August rose 9%

PARIS, Sept 7 (Reuters) – Airbus jet deliveries rose 9% in the first eight months of 2026, leaving the European planemaker broadly on track to meet its target for the year, but with some catching-up to do on its A330 jet following a production snag, data showed on Monday. Airbus said in a monthly bu

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Airbus aircraft deliveries to end-August rose 9%
business

ISS advises Conagra shareholders to reject proposed executive pay programme

LONDON, Sept 7 (Reuters) – Proxy adviser ISS has urged Conagra Brands’ shareholders to vote against proposed changes to the U.S. packaged food maker’s executive compensation programme. ISS cited concerns about declining financial performance and a lack of clarity around targets. Conagra, owner of br

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ISS advises Conagra shareholders to reject proposed executive pay programme
business

Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China

LONDON (AP) — Jaguar Land Rover said Monday it will cut 4,000 jobs across its global workforce as it tries to cut costs and compete with Chinese electric carmakers. Britain’s biggest automaker said the job cuts will take place over the next two years as it targets 1.7 billion pounds ($2.3 billion) i

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Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
business

First female administrator in the Panama Canal’s history takes the helm

PANAMA CITY (AP) — Naval engineer Ilya Espino de Marotta takes the helm Monday as the first woman to lead the Panama Canal administration, stepping into the role at a challenging time for the vital maritime route. Buoyed by her leadership of the multi-billion-dollar expansion project last decade, Es

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First female administrator in the Panama Canal’s history takes the helm
business

The poorest in the US can’t find housing even as low-income units sit empty

PORTLAND, Ore. (AP) — Mathew Davis, who lives in a homeless shelter in Austin, Texas, would love an apartment of his own. But with the little money he makes donating blood plasma, even a $450-a-month tiny home with no running water and a communal bathroom would be a stretch. Meanwhile, over 4,500 un

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The poorest in the US can’t find housing even as low-income units sit empty
business

Audi introduces new compact EV in bid to boost European sales

By Gilles Guillaume PARIS, Sept 7 (Reuters) – Premium German car brand Audi on Monday introduced a new compact electric vehicle to boost its presence at the smaller end of the European market, where Chinese automakers are launching more affordable models, and help revive its global sales. Sales at A

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Audi introduces new compact EV in bid to boost European sales
business

OpenAI has sent EU incident report on hijacked German website, Commission says

Sept 7 (Reuters) – U.S. artificial intelligence firm OpenAI has sent the European Commission a report regarding a hijack of a German website by rogue agents, a Commission spokesperson said on Monday. Reuters reported that a swarm of rogue OpenAI agents hijacked a German website this spring and trans

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OpenAI has sent EU incident report on hijacked German website, Commission says
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UK’s Jaguar Land Rover to cut nearly 10% of workforce under turnaround plan

By Sam Tabahriti LONDON, Sept 7 (Reuters) – Britain’s Jaguar Land Rover said on Monday it would cut nearly 10% of its workforce through voluntary redundancies over the next two years, as the car industry faces heightened pressures including from Chinese competition and tariffs. The luxury carmaker,

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UK’s Jaguar Land Rover to cut nearly 10% of workforce under turnaround plan
business

Volkswagen finds defence future for German plant amid major overhaul

By Christina Amann and Christoph Steitz OSNABRUECK, Germany, Sept 7 (Reuters) – Volkswagen on Monday struck a preliminary deal that will see one of its German sites switch to defence production, a first in the automaker’s efforts to restructure plants struggling to compete with lower-cost Chinese ri

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Volkswagen finds defence future for German plant amid major overhaul
business

Ahead of Xi’s US visit, China’s soybean crushers face high costs, weak margins

By Ella Cao, Naveen Thukral and Roberto Samora BEIJING/SINGAPORE/SAO PAULO Sept 7 (Reuters) – China’s private soybean processors face a costly fourth-quarter supply squeeze as inventories tighten in top exporter Brazil and tariffs keep U.S. cargoes largely out of reach. The world’s biggest oilseed p

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Ahead of Xi’s US visit, China’s soybean crushers face high costs, weak margins
business

Indonesia keeps several airports closed though volcanic eruption is easing

JAKARTA, Indonesia (AP) — Indonesia kept several airports closed and shifted schools to remote learning Monday though the volcanic eruption that has halted 2,300 flights and coated areas with ash was subsiding. The continuous, 25-hour eruption of Anak Krakatau that produced a fountain of lava and a

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Indonesia keeps several airports closed though volcanic eruption is easing
business

Documentarian Alex Gibney on the power and influence of Elon Musk

VENICE, Italy (AP) — Alex Gibney has made films about powerful people, corporations and organizations before: Enron, Elizabeth Holmes, Scientology and the U.S. military’s abuses at Bagram and Abu Ghraib are just a few. And yet, he said, nothing compares to the scope of power held by his latest subje

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Documentarian Alex Gibney on the power and influence of Elon Musk
business

Global shares are mixed as chipmaker shares rally in Tokyo and Seoul

TOKYO (AP) — Global shares were trading mixed on Monday, with benchmarks in Tokyo and Seoul leading gains thanks to buying of computer chipmakers’ stocks. France’s CAC 40 was little changed, inching up less than 0.1% in early trading to 8,282.06. The German DAX shed 0.2% to 25,993.23. Britain’s FTSE

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Global shares are mixed as chipmaker shares rally in Tokyo and Seoul