By Promit Mukherjee OTTAWA, Aug 28 (Reuters) – Canada’s economy rebounded sharply in the second quarter after six months of virtually no growth, aided by a strong jump in exports and solid domestic demand, data showed on Friday, though a new round of U.S. tariffs brings new uncertainty. The economy
Aug 28 (Reuters) – U.S. equity funds recorded their largest weekly outflow in five months in the week to August 26, as investors reassessed the outlook for artificial intelligence ahead of Nvidia’s earnings and awaited potentially pivotal remarks from Federal Reserve Chair Kevin Warsh. Investors wit
Aug 28 (Reuters) – Global equity funds snapped a 13-week streak of inflows in the week ended August 26, as investors turned cautious ahead of an earnings report from AI heavyweight Nvidia and potentially pivotal remarks from Federal Reserve Chair Kevin Warsh. Investors withdrew $5.87 billion from gl
LONDON, Aug 28 (Reuters) – Commodity trader Radiant World is under scrutiny as counterparties have stopped doing business with it following news that authorities are investigating a report it provided invalid documents to banks. Radiant has called the claims inaccurate and unsubstantiated, and says
BERLIN/FRANKFURT, Aug 28 (Reuters) – Volkswagen’s supervisory board is meeting in a week’s time to discuss its biggest ever turnaround plan that has pitted management against unions and the state of Lower Saxony, its second-biggest shareholder. Much is at stake for Europe’s biggest automaker, which
By Purvi Agarwal and Niket Nishant Aug 28 (Reuters) – Futures tied to the Nasdaq 100 inched lower as an AI-fueled rally cooled off ahead of Federal Reserve Chair Kevin Warsh’s much-anticipated Jackson Hole appearance on Friday. Warsh’s speech, his first at the Fed’s annual gathering in Wyoming, will
Aug 28 (Reuters) – Gap’s shares rose about 14% premarket on Friday after the apparel retailer named industry veteran Michael Francis as CEO of Old Navy, a move aimed at reinvigorating the brand in a challenging spending environment. Old Navy, Gap’s biggest brand, has struggled to gain traction in se
Aug 28 (Reuters) – Marvell Technology’s shares fell 8% to $223.1 in premarket trading on Friday as concerns about the potential upside from its AI chip deal with Google overshadowed better-than-expected results from the semiconductor designer. The company secured a custom-chip deal with Alphabet’s G
By Kevin Buckland TOKYO, Aug 28 (Reuters) – Japanese authorities spent a record 15.4 trillion yen ($96.5 billion) intervening in foreign exchange markets over the past month to support the local currency, Finance Ministry data showed on Friday. The size of the intervention shows the level of Tokyo’s
By Anna Szymanski Aug 28 (Reuters) – From the Editor U.S. President Donald Trump originally said the Iran war would last four to five weeks, but we’re now hitting the six-month mark. What remains most surprising is the resilience of financial markets in the face of what was previously thought to be
By Sarah Morland and Emily Green MEXICO CITY, Aug 28 (Reuters) – What’s in a cheese name? That question has become a sticking point in U.S.-Mexico trade talks, according to two Mexican government sources who spoke on condition of anonymity because, no matter how you slice it, cheese diplomacy can be
By Lisa Baertlein LOS ANGELES, Aug 28 (Reuters) – U.S. retailers, manufacturers and small businesses are paying hefty fuel surcharges to ship their goods, not only as the U.S.-Israeli war on Iran boosts fuel costs but also as some shippers profit from the fees. The charges have become a growing sour
By Lewis Krauskopf NEW YORK, Aug 28 (Reuters) – A fresh look at the U.S. labor market in the coming week along with quarterly results from semiconductor company Broadcom will test a market rally that has lifted stocks near record highs. The S&P 500 was on track for a weekly gain as of Thursday, putt
Aug 28 (Reuters) – PayPal shares slumped 13% in premarket trading on Friday, after Bloomberg News reported that a consortium of buyout firm Advent and payment processor Stripe had abandoned its pursuit of the fintech pioneer. Stripe and private-equity firm Advent International made a $60.50-per-shar
Aug 28 (Reuters) – Kimberly-Clark has asked EU regulators permission for its proposed $40 billion takeover of Tylenol maker Kenvue, documents on the EU Commission’s website showed. • Kimberly-Clark announced the takeover in November last year. • The deal was expected to close in the second half of 2
Aug 28 (Reuters) – When Shein makes its market debut on Tuesday, it will be in Hong Kong and not New York or London like it once dreamed — symbolic of the long journey the fast-fashion online retailer has had to make to embrace its identity as a Chinese company. Shein, which famously moved its headq
Aug 28 (Reuters) – Electric vehicle maker Lucid is recalling 27,185 of its flagship Air luxury sedans in the U.S., because an exterior lighting circuit could overheat and increase the risk of a fire, the National Highway Traffic Safety Administration said on Friday. Here are some details: • The NHTS
By Sophie Kiderlin, Alun John and Samuel Indyk LONDON, Aug 28 (Reuters) – Traders will return from their August breaks to a host of risks for markets, including rising concern about high government debt and prolonged inflation. Here are some key things to watch. 1/ HOW MUCH LONGER? The war with Iran
By Maria Martinez and Rachel More BERLIN, Aug 28 (Reuters) – German industry is increasing pressure on Chancellor Friedrich Merz to take a tougher line with Beijing, with companies calling for stronger action to address what they describe as unfair competition from Chinese rivals. The growing assert
By Howard Schneider JACKSON HOLE, Wyoming, Aug 28 (Reuters) – Federal Reserve Chairman Kevin Warsh will address an audience of international economists and central bankers on Friday, with investors globally watching for him to offer more details about the economy, recent volatility in bond markets,
TOKYO, Aug 28 (Reuters) – Toyota Motor said on Friday its global vehicle sales and production fell in July, weighed by declines in China, the United States and the Middle East, which offset a stronger performance in Japan. • Global sales fell 4.8% from a year earlier to 856,125 vehicles, while produ
A look at the day ahead in European and global markets from Rae Wee All eyes are on a speech from the world’s most powerful central banker later on Friday, with investors focused on what Federal Reserve Chair Kevin Warsh says about inflation and, specifically, how he intends to get it back down to t
A federal judge has ruled in favor of artificial intelligence company Anthropic in its legal battle against the Pentagon after the government labeled the company as a supply chain risk earlier this year. U.S. District Judge Rita Lin issued a written order Thursday night that the Pentagon acted illeg
By Jiaxing Li HONG KONG, Aug 28 (Reuters) – The U.S. dollar held firm near a one-week high against major peers on Friday, as investors stood on the sidelines ahead of Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole symposium hoping for clues on his policy outlook. The euro and sterlin
By Stella Qiu SYDNEY, Aug 28 (Reuters) – Shares in Asia turned cautious on Friday after a Nvidia-fuelled technology rally, while currency and bond markets held their breath for the world’s most powerful central banker to speak on U.S. interest rates. Oil prices were headed for weekly losses as Iran
Aug 27 (Reuters) – A consortium of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. (Reporting by Fabiola Arámbur
SINGAPORE, Aug 28 (Reuters) – Oil prices fell on Friday and are on track to snap a two-week winning streak, despite settling higher in the previous session following a report that U.S. President Donald Trump is not interested in returning to previous deal terms with Iran. Brent crude futures were do
Aug 28 (Reuters) – Air New Zealand said on Friday disruption from engine shortages was easing as more aircraft returned to service, after high fuel costs and maintenance constraints pushed the carrier to its largest annual loss in three years, though the result was narrower than expected. The airlin
ATLANTA (AP) — Good Good Golf lost its partnership with Callaway on Thursday and no longer will be title sponsor of a PGA Tour event in November as the fallout continued over a video for a new Callaway driver that showed a man shoving a woman to the ground who was trying to touch the golf club. Good
NEW YORK, Aug 27 (Reuters) – The New York Stock Exchange has opened a new regional headquarters in Dallas, joining Wall Street’s expedition to the financial boomtown known as Y’all Street. A number of large companies are relocating their headquarters to Texas, drawn by lower taxes, business-friendly
