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
A look at the day ahead in European and global markets from Wayne Cole. It’s been a patchy start to the week with tech leading Asian shares higher, while European and Wall Street futures barely budge. Semiconductor makers’ stocks drove the Nikkei up 2% or so, while South Korea’s Kospi climbed around
By Rae Wee SINGAPORE, Sept 7 (Reuters) – The dollar wobbled on Monday despite a ramp-up in U.S. rate-hike bets, as tension in the Middle East heightened inflation risks that could force global central banks to tighten policy in tandem, eroding the U.S. yield advantage. A shift in sentiment towards t
By Amanda Cooper LONDON, Sept 7 (Reuters) – Rising oil prices, conflict in the Middle East and political uncertainty in Europe kept investors on edge on Monday, leaving stocks to drift lower ahead of critical U.S. inflation data later this week. Tehran said it will announce a restricted zone outside
By Enes Tunagur and Jeslyn Lerh LONDON, Sept 7 (Reuters) – A shortage of fuel oil used in ships and power plants looms in the third quarter as refiners increasingly squeezed by wars that have disrupted both crude processing and tanker traffic prioritise output of diesel and other products at its exp
By Makiko Yamazaki TOKYO, Sept 7 (Reuters) – Japan’s foreign reserves posted their biggest-ever drop in August, government data showed on Monday, after Tokyo launched another round of record dollar-selling, yen-buying intervention to stem persistent weakness in its currency. The reserves stood at $1
By Florence Tan SINGAPORE, Sept 7 (Reuters) – Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East. Brent crude futures climbed 52 cent
MIAMI (AP) — An Amazon cargo plane barreled off a runway at Miami International Airport on Sunday, killing at least five people and injuring five others as it struck vehicles and was engulfed in flames, authorities said. The aircraft overran the runway around 2 p.m. after arriving from San Juan, Pue
NEW YORK (AP) — “Spider-Man: Brand New Day” remained the No. 1 movie in theaters over the weekend, becoming just the second film this decade to top the box office for six straight weeks. Since the end of July, the Sony superhero movie has ruled over cinemas with rare dominance. The last release to e
By Fabio Teixeira RIO DE JANEIRO, Sept 6 (Reuters) – A Brazilian judge ordered the suspension of environmental licenses and mining activities at Sigma Lithium’s Grota do Cirilo mine, a court document seen by Reuters showed. The decision was made on Friday in a civil suit brought by the Federation of
PARIS (AP) — Based on their experience of hosting Taylor Swift, the management team at the Paris venue for Celine Dion ‘s grand concert comeback is bracing to deliver devastating news to hundreds of her fans: ‘Sorry, you appear to have been scammed, your tickets are fake.’ The Grammy-winning star’s
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler Sept 6 (Reuters) – OPEC+ kept its oil output policy unchanged for October at a meeting on Sunday, it said in a statement, as the producer group needs to agree new quotas before deciding its next output steps. The meeting of seven core OPEC+ members
THESSALONIKI, Greece (AP) — Greece’s conservative government promised sweeping tax breaks and pay hikes before a general election next year, as thousands gathered in protest late Saturday over the high cost of living. “Our country has overcome stagnation and is now ready to taste the fruits of its e
WASHINGTON (AP) — The origins of Labor Day date back to the late 19th century, when activists first sought to establish a day that would pay tribute to workers. The first U.S. Labor Day celebration took place in New York City on Sept. 5, 1882. Some 10,000 workers marched in a parade organized by the
ZAGREB, Croatia (AP) — Tens of thousands of people rallied on Saturday in Croatia, furious that authorities for months haven’t cleared a huge amount of illegally dumped hazardous waste that has triggered fears of major environmental damage in the European Union country. The illegal waste scandal in
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a sna
By Raphael Satter WASHINGTON, Sept 5 (Reuters) – OpenAI said on Saturday that its agents had appropriated wiki sites as impromptu message boards, adding that more transparency was needed around such incidents. The statement follows a Reuters report that a swarm of OpenAI agents had hijacked a commun
MANDELLO DEL LARIO, Italy (AP) — After extensive renovation by the Italian motorcycle manufacturer Moto Guzzi, aficionados this year had fresh reasons for a pilgrimage to the lakeside spot where their beloved two-cylinder bikes are hand-built. Thousands of Moto Guzzi riders pulled up Saturday for an
NEW YORK (AP) — Wall Street will get several important updates about inflation this week. On Thursday, the U.S. will release its August report for inflation at the wholesale level, called the Producer Price Index, or the PPI. It provides details on prices for businesses before they pass along the co
From High Tech to Politics: Mati Gill Bets on Bennett To Rebuild Israel The B’Yachad candidate calls for a new generation of public servants, a stronger technology sector, and a national inquiry into the October 7 failures By Maayan Hoffman / The Media Line Mati Gill grew up looking at photographs o
TAIPEI, Sept 5 (Reuters) – Foxconn’s third-quarter performance is expected to outperform market expectations given strong AI-related demand, the Taiwanese contract electronics maker said on Saturday, though it offered caution about “volatile” global politics. Foxconn, Nvidia’s biggest server maker a
(Corrects bullet point 4 to “a”, not “an” spokesperson) Sept 4 (Reuters) – The Seattle Times and Newsday sued OpenAI and Microsoft on Friday, alleging in federal court that the tech companies copied the newspapers’ journalism without permission to train their AI systems. • The suit in the U.S. Distr
By Mike Stone WASHINGTON, Sept 4 (Reuters) – The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington’s stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by Presid
SEATTLE (AP) — A pulp mill in Washington state where 11 workers died after a chemical tank collapsed in May had a history of safety complaints, poor maintenance and discharges of toxic chemicals, records reviewed by The Associated Press show. State inspectors had planned to visit the plant to interv
By Francesca Landini MILAN, Sept 4 (Reuters) – Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumu
By Prathik Jayaprakash and Anzar Mehraj Sept 4 (Reuters) – Cloud infrastructure provider Nscale is in talks with potential investors to raise about $3.5 billion in pre-IPO funding, a source familiar with the matter said on Friday. Nscale intends to sell as much as $1.5 billion of convertible notes t
NEW YORK (AP) — Hollywood has just wrapped up its best summer in a decade and its biggest vibe shift since the pandemic. After years of new-normal ticket sales and regular spells of unease, the summer box office rallied to $4.61 billion in domestic ticket sales between May 1 and Aug. 31, according t
By Sabrina Valle NEW YORK, Sept 4 (Reuters) – JPMorgan Chase & Co. has hired senior healthcare investment banker David Blais from Guggenheim Securities, according to two people familiar with the decision. Blais, who focuses on mergers and acquisitions in healthcare services, will join JPMorgan as ma
By Dawn Chmielewski and Harshita Mary Varghese LOS ANGELES, Sept 4 (Reuters) – Hollywood is closing out its best summer since the pandemic, as an eclectic mix of blockbusters, sequels and original films wooed moviegoers back to the theaters. The U.S. and Canadian box office generated $4.6 billion in
By Christina Amann and Christoph Steitz BERLIN/FRANKFURT, Sept 4 (Reuters) – In a tense meeting on Wednesday afternoon at Volkswagen’s headquarters in Wolfsburg, three of the firm’s biggest power players looked to thrash out an unlikely deal as the embattled carmaker veered towards full-blown crisis
