By Selena Li and Sameer Manekar HONG KONG/BENGALURU, Oct 26 (Reuters) – A mix of volatile bond markets, sticky inflation and shifting foreign exchange dynamics is creating a risk to Asia-focused banks’ profitability and strong capital positions as they prepare to announce their third-quarter earning
FRANKFURT, Oct 26 (Reuters) – The CEO of VW’s Audi unit drew heavy criticism on Monday for appearing alongside US President Donald Trump at a rally to announce a $4 billion plant in Georgia, with the head of Germany’s top union saying it violated the automaker’s company guidelines. The plan, which s
By Casey Hall and Dominique Patton SHANGHAI/PARIS, Oct 26 (Reuters) – China’s beauty brands are stepping out into the global market, armed with intricately carved lipsticks, freeze-dried face masks activated with purified water as well as creams infused with ingredients from traditional Chinese medi
A look at the day ahead in European and global markets from Wayne Cole. It’s not been a good start to the week for right-wing politicians, with Brazilian President Luiz Inacio Lula da Silva winning a fourth term and Serbia’s Aleksandar Vucic losing to a student-led protest movement. The Brazilian re
BEIJING, Oct 26 (Reuters) – China’s domestic passenger vehicle market is set to stage a modest recovery in 2027 after a steeper-than-expected downturn this year, a senior industry executive said on Monday. Domestic car sales are set to fall to 18.5 million vehicles in 2026, versus 23.7 million in 20
By Rodrigo Campos and Marcela Ayres NEW YORK/BRASILIA, Oct 26 (Reuters) – Brazilian President Luiz Inacio Lula da Silva won reelection on Sunday, defeating right-wing Senator Flavio Bolsonaro and setting up a test for financial markets, with investors expecting recent bets on a change of government
By Jiaxing Li HONG KONG, Oct 26 (Reuters) – Major currencies traded in tight ranges on Monday at the start of a busy week of central bank decisions and corporate earnings, while a pullback in oil prices and Treasury yields weighed on the dollar. Oil prices eased, with Brent crude futures down nearly
By Wayne Cole SYDNEY, Oct 26 (Reuters) – Stock markets traded cautiously on Monday as oil eased from six-month highs ahead of a week packed with central bank meetings and corporate earnings that will further test investor confidence in the AI boom. Brent oil slipped 1.9% to $114.48 following reports
By Mohi Narayan and Colleen Howe NEW DELHI, Oct 26 (Reuters) – Oil prices fell on Monday after surging last week to near six-month highs, amid hopes of easing hostilities between the United States and Iran, although persistent attacks on key producer Saudi Arabia kept investors wary. US West Texas I
Oct 26 (Reuters) – NEXTDC CEO Craig Scroggie will give up his fiscal 2027 bonus opportunities, the Australian data centre operator said on Monday, after it slashed its revenue forecast and paused future developments last week. Here are some details: • The company said the board has withdrawn the res
NEW YORK, Oct 25 (Reuters) – Proxy advisory firm Glass Lewis backed investor Doug Bergeron’s campaign to replace all five directors at Ethan Allen, including its octogenarian CEO who has run the iconic U.S. home furnishing company for nearly four decades. Doug Bergeron and DGB Investments own 5.2% o
Bank of Israel Rejects Netanyahu Cryptocurrency Plan To Bypass Sanctions By The Media Line Staff The Bank of Israel criticized Prime Minister Benjamin Netanyahu’s proposal to develop a cryptocurrency-based plan to bypass possible future banking sanctions against Israel, calling the approach impracti
Oct 24 (Reuters) – Canada’s Alimentation Couche-Tard proposed an offer of $7.5 billion to $8 billion for US convenience store operator Cumberland Farms, formerly known as EG Group, Britain’s Times newspaper reported on Saturday. • The offer would be lower than Cumberland Farms’ $9 billion valuation
By Eduardo Baptista BEIJING, Oct 24 (Reuters) – The Chinese commerce ministry urged the United States on Saturday to stop expanding restrictions on American investments in China, saying a proposed rule on sensitive technologies would disrupt trade ties. The US Treasury Department issued proposals on
(New York, NY) — Wall Street is closing lower to end another volatile week. The Dow Jones Industrial Average slid more than one-percent as U.S. oil prices topped 100-dollars a barrel. American Express fell more than three percent after announcing it will cut about five percent of its global workforc
Oct 23 (Reuters) – Amazon CEO Andy Jassy said on Friday that Amazon Web Services’ cloud computing capacity is largely sold out through 2027, with significant commitments extending into 2028, on growing demand for AI infrastructure. In a video podcast with Andreessen Horowitz co-founder Ben Horowitz
Oct 23 (Reuters) – A senior creditors group for JetBlue Airways is working with restructuring adviser PJT Partners, the Wall Street Journal reported on Friday, citing people familiar with the matter. A surge in jet fuel expenses due to the Iran war has pressured margins for US airlines despite highe
Oct 23 (Reuters) – Allegiant Air said on Friday it had exercised options to buy six Boeing 737-8 aircraft under a 2021 purchase agreement with the planemaker. The jets, scheduled for delivery in 2028, have a combined list price of more than $720 million, the company said. Allegiant has 56 firm aircr
Oct 23 (Reuters) – Instacart is exploring a possible sale and has held preliminary discussions with potential buyers including Uber and DoorDash, The Information reported on Friday, citing people familiar with the matter. Shares of Instacart closed about 9% higher on Friday. The company had a market
By Daniel Wiessner Oct 23 (Reuters) – A lawsuit filed on Friday involving the pay practices of Chili’s operator Brinker International is seeking to strike down New York state’s lower minimum wage for workers who earn tips, which it claims fuels the sexual and racial harassment of workers. The propos
By David Shepardson WASHINGTON, Oct 23 (Reuters) – With an incumbent Maine US senator from his own party locked in a tight reelection battle, President Donald Trump signed an order on Friday to remove 50% tariffs on some Canadian agricultural and forestry products in a move that could benefit compan
Oct 23 (Reuters) – US President Donald Trump said on Friday that Canada is working hard to make a trade deal with the United States. “Canada is working very hard to make a deal with us, and I hate to say this, but we have all the cards,” Trump told reporters at the White House. A spokesperson for Do
Oct 23 (Reuters) – US telecom stocks declined on Friday after a report that SpaceX was seeking thousands of cell sites for a fourth wireless carrier, fueling concerns over fresh competition. Elon Musk’s rocket and space technology company was in talks to access at least 80,000 cell sites to build it
By Dan Burns Oct 23 (Reuters) – US consumer sentiment edged down to near a record low in October as rising prices because of the Middle East conflict soured households’ views of the economy on the doorstep of midterm congressional elections centering on affordability issues, a survey showed on Frida
By Hannah Lang WASHINGTON, Oct 23 (Reuters) – Six more companies including Wells Fargo, Arm Holdings and Intuit will not allow their shares to be “tokenized” on a joint trading platform backed by crypto exchange OKX and Intercontinental Exchange, according to a regulatory document seen by Reuters. T
Warhound Set To Create Genetically Modified Military Dogs (Undated) — A new company aims to provide genetically modified war dogs for the U.S. military and law enforcement, outfitted with cutting edge technology. Warhound, as the Texas-based company is known, was thought up by Ben Lamm, CEO of genet
Oct 23 (Reuters) – Wall Street’s main indexes opened lower on Friday as caution prevailed after a sharp selloff in AI-linked stocks, while telecom stocks tumbled on fears that intensified competition from SpaceX could erode their market share. The Dow Jones Industrial Average fell 171.3 points, or 0
By Lucia Mutikani WASHINGTON, Oct 23 (Reuters) – US business activity slowed modestly in October, though robust demand allowed companies to raise prices for goods and services, a sign that inflation could increase further and remain persistently high in the coming months. S&P Global said on Friday i
WASHINGTON, Oct 23 (Reuters) – The US Securities and Exchange Commission said Friday that the use of artificial intelligence, private assets and tokenized securities would be among key areas of focus for the agency’s examination of Wall Street firms in the current fiscal year. The announcement comes
Oct 23 (Reuters) – American Express took a restructuring charge in the third quarter for a plan expected to eliminate about 5% of its global workforce, CEO Stephen Squeri told analysts on an post-earnings call on Friday. (Reporting by Manya Saini in Bengaluru; Editing by Tasim Zahid) Brought to you
