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
By Lisa Baertlein and Tim McLaughlin LOS ANGELES/BOSTON, Aug 17 (Reuters) – U.S. railroad Union Pacific collected $91.1 million more in fuel surcharges than it paid for fuel during the second quarter, far outpacing rivals, according to a company filing with the Surface Transportation Board and first
FRANKFURT, Aug 17 (Reuters) – A market correction to tech stock exuberance in the U.S. is likely and could have far-reaching consequences due to limits in fiscal and monetary policy buffers to blunt the potential economic hit, a European Central Bank blog post said on Monday. Investors have been pil
MILAN, Aug 17 (Reuters) – Ferrari has sold at auction a one-off, bespoke version of the Luce, its first fully electric vehicle, for $40 million, the Italian luxury sports car maker said, adding that the money will be used for education projects to help young people. The auction, in partnership with
By Valentina Za and Elvira Pollina MILAN, Aug 14 (Reuters) – UniCredit’s CEO Andrea Orcel has a blueprint for Commerzbank: slash costs, strip out management layers and push harder for revenue growth, a formula that has helped transform the Italian lender into one of Europe’s most profitable banks. I
BEIJING, Aug 17 (Reuters) – China’s economy lost momentum at the start of the second half, with industrial output and retail sales slowing as extreme weather disruptions and persistently weak domestic demand renew pressure on policymakers to step up stimulus. The disappointing data, following second
By Summer Zhen and Kane Wu HONG KONG, Aug 17 (Reuters) – Online fast-fashion retailer Shein is eyeing a company valuation in its planned Hong Kong IPO of just a quarter of the nearly $100 billion number seen in a share sale four years ago, sources said, as its growth prospects weaken. Two people fam
BANGKOK (AP) — Shares were mixed in Europe and Asia on Monday after U.S. stocks edged back from their all-time high following a weaker than expected report on the U.S. economy. Oil prices also were mixed. In early European trading, Germany’s DAX was nearly unchanged at 26,438.04, while the CAC 40 in
By Libby George and Karin Strohecker LONDON, Aug 17 (Reuters) – War, tariffs and AI gyrations have done little to dent the flow of cash into emerging markets, as reforms, deeper local capital markets and diversification away from U.S. assets reshape the asset class. Global shocks that once triggered
By Richa Naidu VEVEY, Switzerland, August 17 (Reuters) – Nestle is seeking to turn the rise of GLP-1 weight-loss drugs from a threat into a business opportunity, using artificial intelligence and nutritional science to develop products aimed at millions of consumers taking medicines such as Ozempic
The attacks began on a July weekend and have continued for a month, stretching from Moscow and St. Petersburg, to cities in the south, and eastward to the Ural Mountains. The targets weren’t oil refineries, maritime hubs or arms plants hit by other Ukrainian strikes, but warehouses that bring the co
KAMPONG PRAHOK, Cambodia (AP) — On Cambodia’s Tonle Sap, the largest freshwater lake in Southeast Asia, getting anywhere has always meant navigating the water. It isn’t any different for schoolchildren. Most mornings, a gas-powered boat chugs through Kampong Prahok floating village, steered by stude
KAMPONG PRAHOK, Cambodia (AP) — Sou Sreynich dreams of becoming a teacher. But she knows she’s far behind. The 13-year-old first entered a classroom at 10, an age when most Cambodian children already have been in school for years. Her mother waited until she was old enough to swim, fearing the boat
Aug 17 (Reuters) – A look at the day ahead in European and global markets from Tom Westbrook The indomitable U.S. consumer may finally have taken a beat, and Friday’s figures showing the first fall in U.S. retail sales for nine months will put the spotlight on earnings at Walmart and Home Depot this
TOKYO (AP) — Japan’s economy grew an annual rate of 1.1% in the April-June quarter even as private consumption stayed flat and the growth of exports declined, according to government data released Monday. Japan ’s real GDP, or gross domestic product, the sum value of nation’s goods and services, gre
By Scott Murdoch SYDNEY, Aug 17 (Reuters) – Alphabet has mandated investment banks to work on its inaugural Australian dollar bond issue, according to a message sent by one of the book runners and reviewed by Reuters on Monday. The U.S. tech giant is considering issuing 3-, 5-, 10- and 20-year bonds
By Stella Qiu SYDNEY, Aug 17 (Reuters) – Asian shares drifted sideways on Monday while investors kept a wary eye on oil prices, which notched sizeable gains last week as the lack of progress towards ending the Iran war kept inflation risks tilted to the upside. Progress towards peace talks and oil t
By Gregor Stuart Hunter SINGAPORE, Aug 17 (Reuters) – The yen gained momentum against the dollar, largely shrugging off weaker-than-expected Japanese GDP data as traders reined in expectations the Federal Reserve could raise interest rates this year. The yen was 0.2% stronger against the U.S. dollar
By Sethuraman N R and Florence Tan NEW DELHI/SINGAPORE, Aug 17 (Reuters) – Oil prices rose on Monday as fading expectations of a U.S.-Iran peace breakthrough and slower tanker traffic through the Strait of Hormuz reinforced geopolitical risk concerns in the market. Brent crude futures rose as much a
(Corrects to remove extraneous word in paragraph 2) By Makiko Yamazaki TOKYO, Aug 17 (Reuters) – Japan’s economy grew at a slower-than-expected pace in April-June, government data showed on Monday, as lacklustre household spending and business investment partly offset the impact of strong exports. G
By Sophie Yu and Casey Hall BEIJING, Aug 17 (Reuters) – Burgers are having a moment in China, with budget-conscious diners and smaller households turning the humble sandwich into one of the country’s hottest fast-food battlegrounds, drawing in everyone from global restaurant chains to hotpot operato
By Florence Tan SINGAPORE, Aug 17 (Reuters) – Shipping through the Strait of Hormuz slowed over the weekend, data showed on Monday, following attacks on tankers, while U.S.-Iran talks to resolve the Middle East conflict stalled. Five commodity vessels transited the strait on Saturday, with none regi
Aug 17 (Reuters) – New Zealand’s a2 Milk forecast weak annual earnings on Monday after missing market expectations for fiscal year 2026 due to supply-chain disruption in its China-label business, sending its shares plunging more than 10%. Strong third-quarter demand, production backlogs, and higher
NEW DELHI, Aug 16 (Reuters) – India’s tax amnesty scheme for small taxpayers to declare certain undeclared foreign assets of up to 50 million rupees ($523,889) opens on Sunday and will be available until December 31, the government said. Here are more details of the scheme: • India’s finance ministe
SANTA ANA ZIROSTO, Mexico (AP) — It didn’t take long for Mexican avocado picker Francisco Isidro to get back to work after authorities announced the lifting of a U.S. security alert that temporarily halted avocado exports. Back on the job the morning after the alert was lifted, Isidro threw a rope o
By Rene Wagner BERLIN, Aug 16 (Reuters) – German companies slashed investments in the United States to a three-year low in the first half of 2026, as Trump administration policies fed uncertainty between the transatlantic trading partners. First-half direct investments plunged by nearly two-thirds y
By Simon Jessop, Rebecca Delaney and Valentina Za LONDON/MILAN, Aug 16 (Reuters) – For more than a century, cafes in the Italian city of Padua have welcomed customers for an early evening drink, or aperitivo, encouraging them to sit outside and socialise before dinner. As Europe bakes under its fift
BUENOS AIRES, Aug 15 (Reuters) – Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina’s Vista, one of the largest oil companies operating in the country’s Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Frid
