By Leika Kihara TOKYO, Aug 19 (Reuters) – Japan is running low on options to fight a bond rout that could push debt financing costs above government estimates, leaving Prime Minister Sanae Takaichi’s ambitious spending agenda hostage to forces she can’t control. Analysts say the tools available to c
BERLIN, Aug 19 (Reuters) – Munich Re will acquire the U.S.-based cyber insurance provider At-Bay at an enterprise value of $575 million, with the deal expected to close in the first quarter of next year, the German insurance group said Wednesday. (Writing by Miranda MurrayEditing by Ludwig Burger) B
SHANGHAI, Aug 19 (Reuters) – China is widely expected to leave benchmark lending rates steady for a 15th consecutive month in August, a Reuters survey showed, despite recent economic data pointing to renewed weakness across the broader economy. The loan prime rate (LPR), normally charged to banks’ m
BEIJING (AP) — China has successfully recaptured the first stage of a rocket on land for the first time, state media reported Wednesday, as the country seeks to advance its space program. Although this marks China’s first successful recovery on land, it is the second time the country has recovered a
Aug 18 (Reuters) – Lyntris and some of its existing stockholders raised $297.5 million in a downsized U.S. IPO after pricing below the marketed range and offering fewer shares, the defense contractor said on Tuesday, as the summer listing market draws to a close. The Falls Church, Virginia-based com
A look at the day ahead in European and global markets from Tom Westbrook Long bond yields steadied near multi-decade highs and China’s humanoid robotics giant Unitree leapt out of the blocks on debut on Wednesday, trading six times above its offer price. The summer’s long bond selloff has traders d
BANGKOK (AP) — Shares slipped Wednesday in Asia after Wall Street pulled further from its all-time high as artificial-intelligence stocks resumed their decline. South Korea’s Kospi led the regional retreat, dropping 5.7% to 6,487.34. The two biggest companies benefiting from the AI boom tracked loss
Aug 19 (Reuters) – Bank of America has appointed Yuta Komori as chair of Asia Pacific Global Industrials Investment Banking (GIG), while naming Meng Gao and Masashi Toda as co-heads of the group, according to an internal memo reviewed by Reuters on Wednesday. In this new role, Komori will provide gu
By Tom Westbrook SINGAPORE, Aug 19 (Reuters) – Global bond yields hovered near their highest for decades on Wednesday, as fears over swelling sovereign debt pushed borrowing costs higher and rattled stock markets worldwide. U.S. and European stock futures wobbled about 0.2% lower in the Asia session
WASHINGTON, Aug 18 (Reuters) – U.S. President Donald Trump said on Tuesday he had paused 50% tariffs on goods from Canada that were scheduled to start Wednesday for a three day period, saying the two countries had reached a deal. (Reporting by Kanishka Singh, Shubham Kalia and Ananya Palyekar; Editi
By Jiaxing Li HONG KONG, Aug 19 (Reuters) – The U.S. dollar drifted near multi-month lows against major peers on Wednesday as Treasury yields eased from recent highs, with investors awaiting minutes of the Federal Reserve’s latest policy meeting for clues on the path of interest rates. The euro inch
By Jeslyn Lerh SINGAPORE, Aug 19 (Reuters) – Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships. Brent crude futures climbed 69 cents, or 0.8%, to $91.71 by 0415 GMT, while U.
As opening statements kicked off Tuesday in a trial for Meta Platforms, advocates and parents of social media victims gathered outside the federal courthouse in Oakland, California, with a banner that stretched several feet across. Written on it in black ink were the names of children and young adul
Aug 18 (Reuters) – A U.S. bankruptcy court on Tuesday delayed to September 9 a hearing to approve the sale of internal business data from bankrupt Spirit Airlines to Alphabet’s Google for $10 million. The adjournment of the hearing, which was initially scheduled for Wednesday, comes as the Associati
By Neil J Kanatt and Andre Romani SAO PAULO, Aug 18 (Reuters) – Brazil’s JBS, the world’s largest meatpacker, on Tuesday said it wanted to buy the remaining shares of Pilgrim’s Pride, in a fresh attempt to seek full control and a delisting of the U.S. poultry producer. JBS, which already owns about
Aug 18 (Reuters) – The U.S. Surface Transportation Board on Tuesday said it has resumed consideration of Union Pacific’s proposed merger with Norfolk Southern, while stressing that the move does not signal approval of the $85-billion deal. • The board removed the proceeding from abeyance after deter
By Jamie McGeever ORLANDO, Florida, Aug 18 (Reuters) – The widespread selloff across global sovereign bond markets deepened on Tuesday, pushing long-dated yields to fresh multi-decade highs and rattling stocks, while investors also grappled with the inflationary signal from global oil prices hitting
By Lisa Baertlein LOS ANGELES, Aug 18 (Reuters) – The Port of Los Angeles, the nation’s busiest seaport, notched its second-highest volume for July, boosted by resilient demand for consumer goods and equipment for manufacturing and data center construction, its executive director said on Tuesday. Th
SAN JUAN, Puerto Rico (AP) — A report released Tuesday by a human rights group found that forced labor persists on massive sugarcane plantations across the Dominican Republic, which exports sugar and other products to the U.S. — its largest market. The nonprofit Corporate Accountability Lab said it
By Chris Prentice and Manya Saini HOUSTON, Aug 18 (Reuters) – The U.S. Securities and Exchange Commission on Tuesday sued the former CEO and two other top executives of Tricolor, the latest fallout after the collapse of the Texas-based used-car seller and subprime lender last year. The SEC charged f
By Karen Brettell NEW YORK, Aug 18 (Reuters) – A sell-off in U.S. government bonds is pushing up borrowing costs, which could squeeze households, companies, financial markets and the federal budget alike. WHY HAVE YIELDS BEEN RISING? Investors point to several forces behind the move, which has sent
By Dawn Chmielewski LOS ANGELES, Aug 18 (Reuters) – Cinema United, a trade organization representing theater owners, on Tuesday appealed to California Attorney General Rob Bonta and Paramount Skydance to discuss settling a lawsuit that seeks to block the $110 billion merger of the Hollywood studio w
HARRISBURG, Pa. (AP) — More governors are shifting their stances or taking more steps to squeeze data centers as the midterm elections near and public opinion sours on the energy-hungry behemoths that tech giants and developers are building to fuel artificial intelligence products and cloud computin
Aug 18 (Reuters) – Anthropic’s revolving credit facility is expected to exceed its roughly $10 billion target, Bloomberg News reported on Tuesday, as the AI lab prepares for what could be one of the biggest public listings on record. Banks are jockeying for a piece of the expanded credit line, hopin
By Amanda Stephenson and Arathy Somasekhar CALGARY, Aug 18 (Reuters) – Canadian pipeline firms are proposing billions of dollars in new projects despite oil sands companies being reluctant to commit to significant production expansions amid ongoing uncertainty around climate policies and long-term g
By Supantha Mukherjee STOCKHOLM, Aug 18 (Reuters) – Apple said on Tuesday it will charge a 5% commission on digital transactions in apps distributed outside its App Store, replacing a more complex system as it seeks to comply with the European Union’s Digital Markets Act. The company last year chang
By Tim Hepher PARIS, Aug 18 (Reuters) – Airbus has tentatively set the first flight of its delayed A350F freighter for late September as it tries to loosen Boeing’s grip on airborne trade, industry sources said on Tuesday. The schedule, which could slip into early October, leaves the European planem
Aug 18 (Reuters) – Private equity firm KKR has offered to buy U.S. natural gas and electricity distributor UGI Corp for $9 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The offer values UGI at $42.50 per share, the report said. This represents a premiu
By Promit Mukherjee and Maria Cheng OTTAWA, Aug 18 (Reuters) – Prime Minister Mark Carney spoke with U.S. President Donald Trump on Monday, Carney’s office said, as Canada tries to hash out a last-minute deal to avert new 50% tariffs from taking effect at midnight on Wednesday. Existing U.S. auto ta
WASHINGTON, Aug 18 (Reuters) – U.S. yields headed higher for a third straight session on Tuesday, as anxiety over the U.S.-Iran conflict and inflation converged with a global bond selloff that saw long-term borrowing costs edge toward their highest levels in decades. The U.S. 30-year Treasury nudged
