By Wayne Cole SYDNEY, Aug 21 (Reuters) – Most Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while a diplomatic deadlock in the Gulf lifted oil prices to one-month highs and kept inflation risks to the fore. Yields on U.S.
Aug 21 (Reuters) – Gold held steady on Friday but was on track for a third straight weekly gain, buoyed by a weaker dollar and U.S. Treasury Department efforts to hold down longer-term yields. FUNDAMENTALS * Spot gold was little changed at $4,514.23 per ounce, as of 0031 GMT, after hitting its highe
By Leika Kihara TOKYO, Aug 21 (Reuters) – Japan’s core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war with Iran, data showed on Friday, bolstering the case for an interest rate hike from the central bank. The
MIAMI (AP) — The family of a Miami restaurateur say they are “devastated and heartbroken” after he and six others were killed by a safari helicopter crash in a remote part of northern Kenya. A helicopter crashed Wednesday morning while flying from the Loisaba Conservancy to the Ewaso Nyiro area in S
WASHINGTON (AP) — Interest rates rebounded Thursday despite efforts by Treasury Secretary Scott Bessent to put a lid on longer-term borrowing costs, a sign Wall Street investors remain worried about burgeoning government debt, heavy borrowing by tech firms, and the Federal Reserve’s commitment to fi
TORONTO (AP) — The premier of a Canadian province launched a blistering attack on U.S. President Donald Trump on Thursday, calling him a “bad person” and “not to be trusted” and urging Canada to keep fighting rather than rush to make concessions in trade talks with Washington. Manitoba Premier Wab K
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) – That didn’t last long. U.S. bond yields rose on Thursday, retracing much of the previous day’s decline on Treasury’s surprise buyback announcement and pushing Wall Street to a two-week low. Another rise in oil prices, and a rare sales miss from
By Dietrich Knauth Aug 20 (Reuters) – Abbott said on Thursday it reached a $670 million settlement to partially resolve the ongoing litigation over alleged harms linked to its specialty formulas for preterm infants. The settlement was agreed to by three law firms representing about 2,000 people with
By Neil J Kanatt Aug 20 (Reuters) – Value retailer Ross Stores raised its profit forecasts on Thursday after reporting better-than-expected second-quarter results, signaling that demand for discounted apparel and accessories remains resilient in an uncertain economy. Shares of the company rose about
By Suzanne McGee PROVIDENCE, RHODE ISLAND, Aug 20 (Reuters) – T. Rowe Price has agreed to acquire F/m Investments, a move that would more than double its assets invested in fixed-income exchange-traded funds, the two firms said on Thursday. The transaction is the second acquisition of an ETF manager
President Trump Declares ‘Economic D-Day’ Against Iran, Threatens Countries Providing Tehran a Lifeline By The Media Line Staff President Donald Trump declared an “Economic D-Day” against Iran, announcing what he described as an unprecedented campaign of economic warfare and threatening severe conse
Africa Has a Free-Trade Deal. Now Comes the Hard Part National customs systems, unfinished legal rules and incompatible payment networks still obstruct routine trade across the continent By Steven Ganot / The Media Line Africa’s attempt to build a continent-wide market is entering a more difficult p
ZAGREB, Croatia (AP) — A Croatian judge on Thursday ordered the detention of a Ukrainian man who is wanted in Germany in connection with the 2022 undersea explosions that damaged the Nord Stream gas pipelines, his lawyer said. The man was arrested on a European warrant in the northern Croatian town
NEW YORK, Aug 20 (Reuters) – D.E. Shaw owns a stake exceeding $1 billion in Sysco, two sources familiar with the matter said on Thursday, hours after the world’s biggest food distributor said it will refresh its board to help speed up growth. New York-headquartered D.E. Shaw, one of the world’s bigg
WASHINGTON (AP) — President Donald Trump’s administration is increasing pressure on Cuba by imposing more economic penalties on industries in the heavily sanctioned socialist country and broadening enforcement of laws that bar Americans who visit the island from dealings with government-owned or -af
KNOXVILLE, Tenn. (AP) — You’ve heard about the patches coming soon to a college football jersey near you. You’ve seen the corporate logos cropping up on football fields from South Carolina to the University of Washington. Talent fees on season tickets, league-level deals with the likes of PayPal, na
NEW YORK (AP) — While interest in women’s sports is booming and Olympic sports organizers lock in preparations for the 2028 Summer Games in Los Angeles, advocates worry that the college athletic programs that feed both those systems may be strained further by increased demands from bigger sports. Ol
NEW YORK (AP) — University of Louisville athletic director Josh Heird says there is no “silver bullet” that will help his department’s current revenue race. To compete in the increasingly commercialized world of college sports, programs of its size might spend more than $40 million a year on talent
Aug 20 (Reuters) – PGIM has struck an agreement to buy roughly $3 billion of loans from home improvement lender GreenSky, the asset management arm of Prudential Financial said on Thursday. Here are some more details: • The three-year agreement comes as PGIM focuses on scaling its asset-backed financ
By David Lawder and Susan Heavey Aug 20 (Reuters) – U.S. Treasury Secretary Scott Bessent on Thursday said he may increase again the volume of Treasury bonds the government will repurchase, a day after surprising the market with plans to double them. “We’re going to increase the size of the buyback,
CHICAGO (AP) — Meta insists it has a long history of protecting its youngest customers as it defends itself against a swath of lawsuits alleging its social media empire harms children. In the latest such instance, the social media giant is fighting allegations in a California federal court that it c
SAN JUAN, Puerto Rico (AP) — U.S. Customs and Border Protection faced scrutiny Thursday after a watchdog group warned that forced labor persists on sugarcane fields in the Dominican Republic, which exports large amounts of sugar and other products to the U.S. In 2022, the federal agency had imposed
By Solomon Cefai SINGAPORE, Aug 20 (Reuters) – Chinese exports of rare earth yttrium to the U.S. rose in July, Chinese customs data showed on Thursday, possibly giving some reprieve to U.S. aerospace buyers who depend on the material for critical aviation applications. China, the main source of the
WASHINGTON (AP) — Fewer people applied for U.S. unemployment benefits last week, another sign that layoffs remain low and that most Americans enjoy job security. The Labor Department reported Thursday that jobless claims dropped to 206,000 last week from a revised 212,000 the week before. The four-w
SAO PAULO (AP) — The world is increasingly turning to Brazil to explore for rare earth minerals that are crucial for technology and renewable energy. The country’s large reserves are second only to China and have attracted investors, many of them with foreign support. An analysis by The Associated P
SAO PAULO (AP) — In the global race to secure rare earths that are key for everything from mobile phones to green technologies, Brazil is emerging as an alternative to China’s dominance, particularly for the United States and Australia, according to an analysis of mining permits by The Associated Pr
By Promit Mukherjee OTTAWA, Aug 20 (Reuters) – Top trade negotiators from Canada and the U.S. will meet for the second day running in Washington on Thursday in a bid to finalize a trade deal that could help reduce months of tariffs and counter duties. Canada’s minister responsible for trade with the
Aug 20 (Reuters) – Micron Technology said on Thursday it plans to spend $10 billion on its newly established research lab at Boise, Idaho, over the next decade to advance memory technologies, develop compute systems and support future chip manufacturing. Large memory chipmakers such as Micron, Samsu
Aug 20 (Reuters) – The main U.S. indexes opened lower on Thursday as a rebound in government bond yields hurt sentiment, while retail bellwether Walmart’s rare sales miss disappointed investors. The Dow Jones Industrial Average fell 81.8 points, or 0.15%, at the open to 53381.22. The S&P 500 fell 17
Aug 20 (Reuters) – Chinese e-commerce giant JD.com has offered remedies in the European Union’s probe of its $2.5 billion bid for German electronics retailer Ceconomy, according to an EU regulatory filing. • The filing did not specify the remedies offered. • The European Commission opened a full-s
