By Gregor Stuart Hunter SINGAPORE, Aug 18 (Reuters) – Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a U.S.-Iran truce expired and Tehran threatened to adopt a “fully offensive” military posture.
By Ishaan Arora Aug 18 (Reuters) – Oil prices rose on Tuesday as a deal to end the Middle East war seemed further out of sight with Iran saying it will adopt a more offensive stance and the U.S. ruling out extending a ceasefire agreement, heightening worries about energy supply. Iran will shift to a
Aug 18 (Reuters) – Australian investment manager EQT Holdings said on Tuesday it had received a takeover proposal from U.S.-based brokerage firm TPG Global, LLC, valuing the company at A$657.8 million ($467.63 million). Here are more details: • The bid is at an indicative price of A$24.55 per share
Aug 17 (Reuters) – Citadel Securities, the market-making firm founded by billionaire Ken Griffin, on Monday urged the U.S. Securities and Exchange Commission to reconsider a proposal to scrap a longstanding Wall Street regulation requiring the execution of stock trades at the best available price.
Aug 18 (Reuters) – Australia’s Reliance Worldwide Corporation said on Tuesday that Brookfield Capital Partners LLC had sweetened its offer to buy the plumbing solutions company for an enterprise value of A$4.1 billion ($2.91 billion). Under the proposed deal, Brookfield would acquire all outstanding
LOS ANGELES (AP) — Los Angeles Lakers governor Jeanie Buss is legally contesting her siblings’ plan to sell the family’s remaining 17.8% minority ownership stake in the team to Josh Kushner and Bob Iger, according to a letter obtained Monday by The Associated Press. ESPN and The Athletic first repor
By Tom Polansek CHICAGO, Aug 17 (Reuters) – Cargill plans to resume beef production at a plant in Fort Morgan, Colorado, in September after unionized workers voted to end a labor dispute that halted cattle slaughtering since April, the company said on Monday. The U.S. beef industry has been in uphea
By David Shepardson WASHINGTON, Aug 17 (Reuters) – Paramount Skydance on Monday asked a U.S. judge to require a dozen states challenging its acquisition of Warner Bros Discovery to post a $1.88 billion bond to address the costs of delay in completing a tie-up. The company must pay a fee of $7 millio
By David Shepardson, Nora Eckert and Kalea Hall Aug 17 (Reuters) – U.S. and Canadian trade negotiators were haggling over a potential reduction in President Donald Trump’s tariffs on Canadian vehicles to 15% after some value content deductions, three sources familiar with the talks said on Monday. T
By Jamie McGeever ORLANDO, Florida, Aug 17 (Reuters) – Long-dated government bond yields around the world rose on Monday to levels not seen in decades. This weighed on stocks, which were also pressured by deepening skepticism around a U.S.-Iran peace deal and oil prices rising to a six-week high. In
By Sheila Dang MIDLAND, Texas, Aug 17 (Reuters) – U.S. Energy Secretary Chris Wright said on Monday that Washington will announce steps within days to help refiners boost fuel output, as President Donald Trump seeks to rein in stubbornly high gasoline prices that spiked during the U.S.-Israeli war o
Major League Baseball’s team owners unanimously have approved the sale of the San Diego Padres to an investor group led by private equity billionaire José E. Feliciano and his wife and business partner, Kwanza Jones. The league announced the approval Monday after a vote. Feliciano and Jones reached
Aug 17 (Reuters) – The Federal Reserve’s current policy rate is probably accommodative, if measured against a medium-run estimate of the so-called neutral rate at which borrowing costs are neither slowing nor boosting the economy, according to research published on Monday by the San Francisco Fed. T
By Echo Wang Aug 17 (Reuters) – Investment firm General Atlantic has tapped JPMorgan Chase to lead its initial public offering, according to a source familiar with the matter, reviving listing plans that had been stalled for nearly three years. The New York-based company has also hired Morgan Stanle
Aug 17 (Reuters) – U.S. federal prosecutors looking into billionaire Mark Walter’s empire are focused on four businesses that served as intermediaries between insurance companies he controlled, the Wall Street Journal reported on Sunday. The prosecutors and the Securities and Exchange Commission are
By Alexander Hübner Aug 17 (Reuters) – U.S.-based Madison Air Solutions said on Monday it would buy German fan maker ebm-papst in a $5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fast-growing data-centre cooling market. The transaction will see ebm-papst’
By David Shepardson WASHINGTON, Aug 17 (Reuters) – Chrysler-parent Stellantis said on Monday it is recalling 955,000 vehicles worldwide because radio software may prevent rear-view cameras from operating properly. The recall includes 848,000 vehicles in the United States including various 2026 and 2
By Divya Rajagopal and Melanie Burton ATHABASCA BASIN, Saskatchewan/MELBOURNE, Aug 17 (Reuters) – Canadian uranium miner NexGen Energy is sharing information and “talking regularly” with mining giant BHP, about its Rook I mining project in Saskatchewan, CEO Leigh Curyer told Reuters when asked about
Wealth, perhaps second only to loyalty, has been a prized attribute for Donald Trump during his second presidency. The number of people worth at least $100 million whom the Republican president has appointed to his administration is more than four times the combined total under the three previous pr
NEW YORK, Aug 17 (Reuters) – Mexican banking affiliates of Bank of America, Banco Santander, BBVA, Citigroup, Deutsche Bank and HSBC agreed to pay $86.4 million to settle a long-running antitrust lawsuit by investors who accused them of rigging the market for Mexican government bonds. • A preliminar
Aug 17 (Reuters) – U.S. home builder sentiment unexpectedly ticked higher in August, but residential construction firms’ confidence remains weak overall, weighed down by economic uncertainty, high mortgage rates and steep building costs aggravated by the U.S.-led war with Iran, a survey showed on Mo
Aug 17 (Reuters) – The S&P 500 opened subdued on Monday as markets weighed the prospect of renewed tensions between the U.S. and Iran, while the report of a strong revenue forecast from AI lab Anthropic lifted some tech stocks. The Dow Jones Industrial Average fell 69.3 points, or 0.13%, at the open
WASHINGTON, Aug 17 (Reuters) – The U.S. Navy said on Monday that it had awarded RTX Unit Raytheon a $22.9 billion contract to boost the output of Tomahawk missiles. The U.S. has supplied large amounts of arms to allies while also using munitions in the Iran conflict, raising concerns about inventor
By Deborah Mary Sophia Aug 17 (Reuters) – Serve Robotics said on Monday it is partnering with Grubhub to fulfill orders on the food delivery platform using its sidewalk delivery robots, tapping a new marketplace days after its years-long tie-up with Uber Eats fell through. The San Francisco-based ro
MILAN, Aug 17 (Reuters) – Italy’s biggest bank Intesa Sanpaolo held a stake worth about $966 million in Elon Musk’s SpaceX as of June 30, an SEC filing showed. • Intesa held nearly 5.66 million shares in the rocket and satellite company at the end of the second quarter, the bank said in the filing.
Aug 17 (Reuters) – L3Harris Technologies said on Monday Chairman and CEO Christopher Kubasik had left the company after a board investigation found he had engaged in conduct inconsistent with the defense contractor’s code of conduct, sending its shares down 2.5% in early morning trading. The Melbour
By Indradip Ghosh BENGALURU, Aug 17 (Reuters) – The Federal Reserve will keep its key interest rate unchanged next month and through year-end, according to most economists in a Reuters poll, a view they have held for the past several months. Market pricing for a September quarter point hike flipped
By Avinash P and Purvi Agarwal Aug 17 (Reuters) – The S&P 500 was muted on Monday as markets weighed tensions between the U.S. and Iran, while the report of a strong revenue forecast from AI lab Anthropic lifted some technology stocks. Tehran will escalate tensions in the Strait of Hormuz and the wi
By Mike Dolan Aug 17 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets A relatively quiet week ahead kicks off today in the shadow of the first drop in U.S. retail sales in nine months last Friday, teeing up second-quarter results from Home
The deal that U.S. President Donald Trump signed at Versailles in June set an ambitious 60-day deadline for ending the war with Iran and reaching an accord on its nuclear program. The deadline was Monday, and the two sides are further apart than they were then. Talks, such as they are, have focused
