TOKYO, Sept 11 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets. “Our policy stance has not changed at all since Japan and the United States conducted the c
SINGAPORE, Sept 11 (Reuters) – Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies. Brent crude fut
By Gregor Stuart Hunter SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices. The U.S.
By Stella Qiu SYDNEY, Sept 11 (Reuters) – Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe. Brent crude climbed to a four-month
Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing differences betwe
Sept 10 (Reuters) – Activist investment firm Barington Capital Group has taken a new stake in Bath & Body Works and is pushing the personal care brand to explore a sale, Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of the Columbus, Ohio-based company rose about
By Suzanne McGee PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In
By Jamie McGeever ORLANDO, Florida, Sept 10 (Reuters) – Global bond yields leaped to multi-year highs and U.S. and European stocks slumped on Thursday, as oil surged above $100 a barrel on the prospect of prolonged conflict in the Middle East. U.S. President Donald Trump added to investors’ inflatio
Sept 10 (Reuters) – Adobe beat Wall Street estimates for third-quarter revenue on Thursday, as demand for its AI-integrated products and tools continued to grow. The company reported revenue of $6.76 billion for the quarter, compared with analysts’ average estimate of $6.70 billion, according to dat
State environmental regulators are reviewing permits they recently granted for the Line 5 tunnel project, in light of a recent Michigan Supreme Court decision that raised the bar for environmental reviews. Gov. Gretchen Whitmer and Phil Roos, director of the Michigan Department of Environment, Great
By Nora Eckert DETROIT, Sept 10 (Reuters) – Stellantis CEO Antonio Filosa said at an analyst conference on Thursday that there is a clear split in the global automotive market today: the U.S., and everywhere else. The chief of the automaker, which produces Jeep and Ram vehicles, spoke about how the
By Pete Schroeder and Michelle Price WASHINGTON, Sept 10 (Reuters) – Better Markets, a Washington nonprofit that advocates for Wall Street reforms, sued the U.S. Federal Reserve and its top regulatory official on Thursday, alleging the central bank mishandled a sweeping overhaul of its capital regul
LONDON (AP) — The CEO of Ryanair on Thursday disputed that a passenger injured during a flight on one of its planes in July was partly sucked out a broken window. Ljubisa Karovic injured his neck and shoulder and had friction burns after the window shattered shortly after takeoff on a flight from no
By Andrea Shalal and Rodrigo Campos WASHINGTON, Sept 10 (Reuters) – The IMF said on Thursday the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but it cautioned that ri
Mortgage rates rose for the third week in a row, pushing the average long-term U.S. home loan rate to its highest level in over 14 months. The benchmark 30-year fixed rate mortgage rose to 6.76% from 6.71% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the average rate was 6.35%.
By Tatiana Bautzer and Andre Romani NEW YORK/SAO PAULO, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Thursday through bank partners, it announced in a securities filing. The initial products will be high-yield savings accounts, credit cards
Sept 10 (Reuters) – Positron AI, a startup developing chips to run AI models, said on Thursday it has raised $875 million in its latest funding round, more than quadrupling its valuation in seven months to $5 billion. The startup had raised $230 million in February at a valuation of $1.06 billion, a
WASHINGTON, Sept 10(Reuters) – U.S. wholesale inventories surged in July, the government confirmed on Thursday, potentially positioning inventories to contribute to economic growth in the third quarter. Stocks at wholesalers jumped by an unrevised 1.3%, the Commerce Department’s Census Bureau said.
By Tharuniyaa Lakshmi and Niket Nishant Sept 10 (Reuters) – Wall Street’s main indexes edged lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East kept oil prices above $100 a barrel. Brent cru
By Ann Saphir Sept 10 (Reuters) – The Federal Reserve is a bit more likely to raise short-term borrowing costs at its meeting next week, traders bet on Thursday, after the first of this week’s key inflation reports. Data showed U.S. producer prices rose 5.4% in the 12 months through August, and the
WASHINGTON (AP) — Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated. The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a ye
WASHINGTON (AP) — Slightly fewer Americans filed for unemployment claims last week as jobless claims remain at historically low levels and layoffs are still relatively rare. Filings for benefits dipped to 206,000 last week from a revised 207,000 the week before, the Labor Department reported Thursda
WASHINGTON, Sept 10(Reuters) – U.S. existing home sales dropped to a 14-month low in August as rising mortgage rates continued to suppress demand. Home sales fell 2.0% last month to a seasonally adjusted annual rate of 3.98 million units, the lowest level since June 2025, the National Association of
Sept 10 (Reuters) – The major U.S. stock indexes opened lower on Thursday after producer prices data for August raised expectations of an interest rate hike this month, while an escalating conflict in the Middle East pushed oil prices above $100 a barrel. The Dow Jones Industrial Average fell 88.8 p
By Reinhard Becker BERLIN, Sept 10 (Reuters) – The European Central Bank raised interest rates on Thursday for the second time this year, seeking to quell an energy-driven rise in inflation triggered by the Iran war even as it warned that fuel prices could move higher. A month of relative calm has b
FRANKFURT, Germany (AP) — The European Central Bank raised interest rates Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy that suggests businesses can weather the higher borrowing costs. The central ban
By Lucia Mutikani WASHINGTON, Sept 10 (Reuters) – U.S. producer prices increased in August amid higher costs of goods, airline fares and hospital services, boosting the chances of an interest rate hike from the Federal Reserve next week. The report from the Labor Department on Thursday followed news
By Elizabeth Howcroft and Phoebe Seers PARIS, Sept 10 (Reuters) – A disconnect between deteriorating macroeconomic conditions and upbeat valuations risks triggering a market drop, the European Union’s financial watchdog said on Thursday, citing conflict in the Middle East and rising energy prices. “
NEW YORK (AP) — Pickpockets were once the biggest worry for travelers heading to new destinations on vacation. But travel scams have become more sophisticated, and scammers using new artificial intelligence tools have become better at creating fake websites and using stolen data to their advantage,
Sept 10 – OPEC on Thursday lowered its forecast for world oil demand growth in 2026 to 380,000 barrels per day, a copy of its monthly report showed, marking the fifth straight downward revision. The producer group continues to see a smaller impact on consumption since the Iran war started than other
