By Jamie McGeever ORLANDO, Florida, Sept 2 (Reuters) – The Japanese yen leaped against the dollar on Wednesday, its biggest rise since joint U.S.-Japanese intervention a month ago, while U.S. Treasuries shrugged off the wider bond market selloff that pushed Japanese and European yields to fresh hist
By Stephen Nellis SAN FRANCISCO, Sept 2 (Reuters) – Microsoft on Wednesday reported sales from its Azure cloud computing unit on a quarterly basis for the first time, providing a direct comparison to its top rivals Amazon.com and Alphabet’s Google as the three compete in the computing market amid an
Sept 2 (Reuters) – Elliott Investment Management has built a stake in Deutsche Telekom, a person with knowledge of the matter said on Wednesday. The exact size of the activist investor’s stake in the German telecom company could not be determined. Bloomberg News, first reporting the news earlier on
By Elvira Pollina MILAN, Sept 2 (Reuters) – Carlyle and Bain are among private equity funds preparing to bid for a minority stake in a company holding the international media rights of Serie A, three sources familiar with the matter told Reuters, in the latest attempt from Italy’s top-flight soccer
Sept 2 (Reuters) – Alphabet’s Waymo is in the final stages of talks to raise debt for the first time, seeking more than $3 billion from lenders including Pacific Investment Management and Blackstone, Bloomberg News reported on Wednesday, citing people familiar with the matter. Competition in the rob
A federal judge on Wednesday ordered Google to retool the system powering its monopoly in digital advertising, sparing the company from a wrenching breakup sought by the U.S. government. The initial two-page decision by U.S. District Judge Leonie Brinkema in Virginia marks the second time in a year
Pabst Blue Ribbon wants its beer back, and it’s offering a reward to help that happen. Greig DeBow, the CEO of Pabst Brewing Co., said Wednesday that the company will pay up to $20,000 to anyone who provides new information that leads to the recovery of 1,602 cases of Pabst Blue Ribbon and non-alcoh
By Ann Saphir Sept 2 (Reuters) – U.S. economic activity increased modestly, employment rose slightly and prices increased moderately in recent weeks, according to a mixed report published on Wednesday by the Federal Reserve that may do little to convince central bank policymakers one way or another
By Timothy Gardner and Vivian Sequera CARACAS, Sept 2 (Reuters) – Several international energy firms, including Eni, GE Vernova and Chevron committed on Wednesday to project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez an
By Patturaja Murugaboopathy and Gaurav Dogra Sept 2 (Reuters) – U.S. private-credit portfolio values showed signs of stabilising in the second quarter after a broad deterioration early in the year, even as lenders marked down select software loans and reported a rise in debt that has stopped generat
THE HAGUE, Netherlands (AP) — The Dutch central bank announced Wednesday that it has moved billions of dollars worth of its gold reserves out of North America in a move it described as “crisis preparedness” in a time of global political unrest. It said that between March and August, some 86 metric t
By Tim Hepher, Dawit Endeshaw and David Shepardson PARIS/ADDIS ABABA, Sept 2 (Reuters) – Ethiopian Airlines is nearing a deal to buy up to 10 long-haul Boeing freighters as plans edge forward for a new African hub to compete with Gulf carriers, two industry sources said. The deal is likely to includ
CEUTA, Spain (AP) — The city of Ceuta, a tiny speck of Spanish territory perched on the northern African coast, normally celebrates its Seot. 2 annual official holiday alone, ignored by the mainland. But not this year, after Ceuta became the epicenter of Spain’s worst border crisis in living memory.
By Karen Brettell Sept 2 (Reuters) – The Japanese yen gained sharply against the U.S. dollar on Wednesday after having retraced approximately half of the increases made following a rare joint intervention by the U.S. and Japan at the end of July. It was not immediately clear what prompted the move.
MEXICO CITY, Sept 2 (Reuters) – Mexican Economy Minister Marcelo Ebrard met U.S. Commerce Secretary Howard Lutnick on Wednesday as Mexico pushed for progress on U.S. tariffs on cars and steel, a key source of friction in the countries’ trade relationship. President Claudia Sheinbaum said in her dail
By Rajesh Kumar Singh CHICAGO, Sept 2 (Reuters) – American Airlines is adding more premium seats to its Boeing 777-300ER planes used on long-haul routes as U.S. carriers increasingly chase higher-spending travelers. The airline is also phasing out first class on the aircraft, while increasing the nu
By Michael S. Derby Sept 2 (Reuters) – Federal Reserve Bank of New York President John Williams said on Wednesday rising long-term bond yields aren’t driven by inflation fears but are instead a reflection of a solid economy, in comments that also said he was still collecting information to drive his
PASAY, Philippines (AP) — He had lost count of the number of times he was sold from company to company in the Philippines. After being lured there for an office job from his village in southern China by a relative, Wind said he immediately realized the job wasn’t as advertised. Instead of doing admi
If you’re looking to reduce your gas bills but buying an electric vehicle just isn’t for you, the 2026 Hyundai Tucson Plug-in Hybrid or 2026 Toyota RAV4 Plug-in Hybrid might be a smart solution. These are hybrid SUVs that drive like a regular gas-powered hybrid but have a rechargeable battery that l
Scams in the U.S. have surged to a record high, and most people have been targeted. Americans reported a record $15.9 billion in losses last year to the Federal Trade Commission — a 25% increase from 2024, and likely a huge undercount. The FTC estimates that real losses in 2024 were close to $200 bi
Sept 2 (Reuters) – Jack Daniel’s Brown-Forman missed first-quarter sales estimates and stuck to its annual targets, joining other spirits makers in warning of a weak consumer environment in the United States and Europe. U.S. consumers have become more discerning in their spending patterns as concern
WASHINGTON, Sept 2 (Reuters) – U.S. private payrolls increased less than expected in August as strength in the education and health services sector was offset by job losses in manufacturing and a few other industries. Private employment rose by 38,000 jobs last month after an upwardly revised 46,000
Sept 2 (Reuters) – Utility PG&E said on Wednesday it will defer about $2 billion in 2027 spending, leaving a capital plan of about $11.4 billion, as it launches a strategic review amid wildfire liability concerns. The review comes as PG&E faces renewed uncertainty over liability costs after a Senate
NEW YORK (AP) — Oil giant Chevron confirmed that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation’s oil reserves and give the Pentagon a stake in the profits. Chevron, the only U.S. oil company that has a major prese
Sept 2 (Reuters) – Uber Technologies will cut 3,300 jobs or roughly 10% of its global workforce as part of an overhaul, as the company looks to reduce the number of managers, Bloomberg News reported on Wednesday. (Reporting by Akash Sriram in Bengaluru; Editing by Diti Pujara) Brought to you by www.
BERLIN (AP) — Two incidents that disrupted power distribution systems in the west and east of Germany are being investigated as possible sabotage, authorities said Wednesday, while one of them was also being examined for possible terrorism links. Multiple explosive devices were found Tuesday morning
By Mike Dolan Sept 2 (Reuters) – A new wave of strikes in the Iran war this week has seen energy prices surge once again, adding fuel to the selloff across world bond markets as investors brace for a series of central bank interest rate rises this month. With rising government borrowing costs concen
BEIJING, Sept 2 (Reuters) – Tesla’s China-made electric vehicle sales slowed to a gain of 3.6% year-on-year in August, down sharply from the prior month, as divergent trends persisted across the U.S. automaker’s major markets. Sales of Model 3 and Model Y vehicles from its Shanghai factory, includin
Sept 2 (Reuters) – Chevron said on Wednesday it had agreed with Venezuela on updated terms for its joint ventures in the country and plans to invest more than $7 billion over the next five years, targeting production of about 600,000 bpd. The expansion is the culmination of several months of negotia
By Howard Schneider WASHINGTON, Sept 2 (Reuters) – After opening the door to higher interest rates last week, U.S. Federal Reserve Chairman Kevin Warsh has to decide how to follow through with actions the public and investors will see as both consistent with his own words and independent of Presiden
