By Sam Li and Lewis Jackson Aug 27 (Reuters) – Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, its CEO said on Thursday, adding that the company would consider investments alongside U.S. partners in the future. • China was a buye
Aug 27 (Reuters) – Discount retailer Dollar General raised its annual comparable sales forecast on Thursday, betting on its lower-priced essentials to attract value-seeking shoppers amid macroeconomic uncertainty. The company expects annual same-store sales to grow in the range of 2.5% to 2.9%, comp
By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 27 (Reuters) – U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit pace as households swallowed a 3.7% jump in
Aug 27 (Reuters) – Discount retailer Dollar Tree beat Wall Street estimates for second-quarter revenue on Thursday, buoyed by resilient demand for its affordable products including essentials amid macroeconomic uncertainty. Shares of the company, which maintained its annual sales forecast for the se
By Mike Dolan Aug 27 (Reuters) – Whatever doubts people may have about AI demand, Nvidia’s results certainly don’t show it. The $5 trillion chip juggernaut comfortably ticked all the boxes yet again with its quarterly update yesterday. Meanwhile, U.S. PCE inflation came in slightly hotter than antic
JERUSALEM (AP) — Regional powers sought an off-ramp from the war with Iran as another tanker attack was reported in the Strait of Hormuz, and the Iranian government dismissed the Trump administration’s latest sanctions. Elsewhere in the Middle East, a Jerusalem court acquitted a man accused of beati
By Anhata Rooprai and Manya Saini Aug 27 (Reuters) – Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI developers OpenAI, Anthropic an
Aug 27 (Reuters) – Futures tied to the tech-heavy Nasdaq outperformed peers on Thursday after AI bellwether Nvidia’s blockbuster forecast renewed investor confidence in the AI trade and boosted technology stocks globally. The chip giant rose 7.4% in premarket trading after it forecast a 70% jump in
Aug 27 (Reuters) – Australia’s Qantas Airways said on Thursday it would begin retiring its 10 Airbus A380 superjumbos from mid-2028, four years earlier than previously planned, as maintenance costs rise and newer, more efficient aircraft join its fleet. Qantas International and Freight CEO Cam Walla
Aug 27 (Reuters) – The Trump administration is considering a new round of sweeping tariffs on semiconductors, Politico reported on Thursday citing eight people familiar with discussions. A new tariff proposal could tax a wider range of tech goods. Instead of just targeting microchips, the duties wou
By Paolo Laudani and Ozan Ergenay Aug 27 (Reuters) – Competition has been “pretty brutal” in some of Delivery Hero’s key markets over the past couple of years, but growing its subscriber base has helped the business, CEO Niklas Östberg said on Thursday. The German food delivery firm, which operates
By Byron Kaye and Karen Lema SYDNEY/MANILA, Aug 27 (Reuters) – Meta’s move to restrict teenagers’ use of social media in the U.S. shows companies have tools to better protect young people online, Australian regulators said on Thursday, as the country grapples with patchy enforcement of restrictions
By Alex Lawler, Ahmad Ghaddar and Lewis Jackson LONDON, Aug 27 (Reuters) – Six months into the Iran war, the world’s most powerful oil alliance, OPEC+, finds itself in an unfamiliar position: unable to influence a market it once helped shape. The war, which has shut a major export route for Middle E
HONG KONG (AP) — Asian stocks were mixed on Thursday following modest losses on Wall Street, while oil prices declined. U.S. futures were trading higher after Nvidia’s latest quarterly earnings beat Wall Street’s expectations as demand for its advanced artificial intelligence chips surged. In Japan,
By Karin Strohecker and Marc Jones LONDON, Aug 27 (Reuters) – Friday marks six months since the U.S. and Israeli bombing of Iran triggered a conflict that has disrupted global energy supplies and sent ripples through global financial markets. The charts below show how the conflict has affected oil,
Aug 27 (Reuters) – A look at the day ahead in European and global markets from Gregor Stuart Hunter It’s Nvidia’s world now, we just live in it. In case there were any doubt, the chip designer forecast a 70% jump in revenue next fiscal year, a rare disclosure from the world’s biggest company of sale
TORONTO (AP) — As Canada moves to reduce its dependence on American military suppliers, the push is on display inside a Toronto garment factory. Hunched over sewing machines, two workers rapidly stitch together pieces of camouflage-patterned fabric and Velcro strips. In the next room, workers snip s
KUALA LUMPUR, Malaysia (AP) — Malaysian former Prime Minister Ismail Sabri Yaakob was charged Thursday with failing to declare his assets, making him the nation’s third leader to face criminal charges after leaving office. Ismail, 66, pleaded not guilty to a charge under the anti-graft law that alle
SEOUL, South Korea (AP) — South Korea’s police said Thursday they were seeking indictments of seven transport ministry officials over the 2024 Jeju Air crash that killed all but two of the 181 people on board. The Boeing 737-800 operated by Jeju Air skidded off the runaway at Muan International Airp
By Karen Brettell Aug 27 (Reuters) – Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh appear at odds over a question at the heart of U.S. financial policy. How hands-off can policymakers be when it comes to setting a price for money? Warsh has advocated retreating from some
By Selena Li and Kane Wu HONG KONG, Aug 27 (Reuters) – Online fast-fashion retailer Shein is set to price its Hong Kong initial public offering near the midpoint of its marketed range, raising $1.7 billion and valuing the company at about $26.5 billion, two people with knowledge of the matter said.
Aug 27 (Reuters) – Qantas Airways has seen a rebound in demand for flights between Australia and the U.S. in both directions and has enough capacity available to absorb the demand, a senior executive said on Thursday. The airline is “very happy” with the performance of the Australia-U.S. routes in t
By Gregor Stuart Hunter SINGAPORE, Aug 27 (Reuters) – Stocks rose at the start of the Asia-Pacific trading session on Thursday as Nvidia’s latest earnings report beat estimates, lifting tech hardware manufacturers and reviving investor confidence after data overnight showed that the Federal Reserve’
By Fabiola Arámburo and Mrinmay Dey Aug 26 (Reuters) – KKR has agreed to pay $250 million to settle a U.S. antitrust case which accused the private equity giant of repeatedly violating federal premerger filing requirements and evading antitrust scrutiny in at least 16 transactions. The U.S. Departme
By Laila Kearney and Emily Chow SINGAPORE, Aug 27 (Reuters) – Oil prices fell on Thursday, extending a streak of losses, on expectations that talks between Iran and Qatar might open the Strait of Hormuz and reduce supply disruptions from the war in the Middle East. Brent crude futures were down 41 c
WASHINGTON (AP) — Federal Reserve governor Lisa Cook said the Trump administration has no legal basis to remove her from the central bank’s governing board in a letter late Wednesday responding to renewed threats from the White House. Trump first sought to fire Cook a year ago over allegations that
By Satoshi Sugiyama TOKYO, Aug 27 (Reuters) – The U.S. dollar traded in a narrow range on Thursday ahead of the Jackson Hole symposium, while the yen held steady after a Bank of Japan policymaker did not rule out a rate hike next month but stopped short of explicitly signalling one. The euro was up
SEVIERVILLE, Tenn. (AP) — Dolly Parton didn’t just sing lovingly about her Tennessee mountain home. She spent her life elevating an often-overlooked region to showcase what long inspired her music and sparked a tourism boom that forever changed those living against the backdrop of the Great Smoky Mo
A settlement announced Wednesday between Meta and dozens of states resolves one of its biggest legal fights, but the social media giant is still facing litigation elsewhere over its products’ effects on young people’s mental health. The deal cut short a landmark trial in federal court in Oakland, Ca
By Nupur Anand NEW YORK, Aug 26 (Reuters) – Former JPMorgan Chase executive Jes Staley told U.S. lawmakers he repeatedly shared confidential and market-sensitive bank information with Jeffrey Epstein and was at one point named as a trustee of his estate, according to a transcript released by the U.S
