BENGALURU, India (AP) — Smaller steel companies responsible for nearly 40% of India’s crude steel production could cut their electricity bills by about a third while sharply reducing carbon emissions by switching to renewable energy, according to a report released Wednesday. The report, “Powering In
LONDON, Aug 12 (Reuters) – Global oil supply will fall by 4.3 million barrels per day, or around 4%, this year, the International Energy Agency said in its monthly oil market report on Wednesday, as renewed hostilities in the Middle East since July are set to plunge the world deeper into an oil-mark
Aug 12 (Reuters) – Flight-tracking company FlightAware withdrew its lawsuit against Kalshi on Tuesday, a day after it filed the suit that accuses the prediction markets giant of using its data and name without its knowledge to host gambling markets on flight cancellations. Here are some details: • T
By Junko Fujita TOKYO, Aug 12 (Reuters) – After years of paying investors almost nothing, Japanese government bonds are suddenly worth owning again, and domestic asset managers are hurrying to give ordinary investors a way in. With yields on long-term JGBs now rivalling those of U.S. Treasuries and
By Selena Li and Sumeet Chatterjee HONG KONG, Aug 12 (Reuters) – HSBC’s global chief executive for insurance business, Edward Moncreiffe, is set to leave the bank after two decades with the lender, sources said, amid a broader global overhaul and recent asset sales in Asia. Moncreiffe’s departure, w
By Aditya Kalra and Chandini Monnappa NEW DELHI, Aug 12 (Reuters) – The chairman of India’s Tata Sons, N. Chandrasekaran, said on Wednesday that he will not seek reappointment at the end of his term due to a lack of backing from the board, following tensions with the charity arm that controls the sa
By Jakob Van Calster and Mateusz Rabiega Aug 12 (Reuters) – ABN Amro lifted the guidance for its commercial net interest income after beating quarterly expectations on Wednesday, joining other major Benelux banks that have raised forecasts as higher central bank interest rates continue to support th
WASHINGTON (AP) — Is U.S. inflation stuck at a stubbornly high level or is it steadily cooling? The government’s latest report on consumer prices, to be released Wednesday, should provide some hints. It will be closely watched by the inflation-fighters at the Federal Reserve as well as Republicans f
A look at the day ahead in European and global markets from Rocky Swift Global flash points tried hard to steal the spotlight from a U.S. inflation report that could set the tone for September’s Fed meeting. Houthis launched a fatal attack on an Egyptian ship in the Red Sea, with no end in sight to
Aug 12 (Reuters) – U.S. Federal Reserve Bank of Boston President Susan Collins would back a September interest rate rise if inflation remains high, with poorer Americans are struggling to make “ends meet” as the Iran war has worsened cost-of-living strains, the Financial Times reported on Wednesday.
By Lucia Mutikani WASHINGTON, Aug 12 (Reuters) – U.S. consumer prices likely increased moderately in July, which could further reduce financial market expectations for the Federal Reserve to raise interest rates this year. The Labor Department’s Consumer Price Index report on Wednesday would follow
SYDNEY, Aug 12 (Reuters) – Australia’s industrial umpire has approved new minimum standards requiring food and grocery delivery workers to be paid hourly rates above the national minimum wage and covered by injury insurance while on the job. Gig workers will be paid at least A$31.30 ($22.11) an hour
By Rocky Swift TOKYO, Aug 12 (Reuters) – Oil and gold prices climbed while regional shares edged nervously higher on Wednesday as geopolitical tensions ratcheted up ahead of key U.S. inflation data. The yen was mostly flat against the dollar, having unwound much of its gains following rare intervent
TOKYO (AP) — Hiroshi Okuda, the former chief executive of Toyota, who led the Japanese automaker’s stellar rise in global markets, has died, the company said Wednesday. He was 93. The date and cause of his death were not immediately available. Okuda served as president then chairman of Toyota Motor
Aug 12 (Reuters) – ASX said on Wednesday a shareholder plans to seek court approval to bring a statutory derivative action against certain former officers and directors of the Australian securities exchange operator over its abandoned blockchain-based clearing and settlement project. Here are some d
By Scott Murdoch and Christine Chen SYDNEY, Aug 12 (Reuters) – In the Australian city of Brisbane, builder Jay Perham has been forced to pour concrete at a new housing site during the night, unable to find workers for the job when the sun is up. “That then creates quality issues, right? Because you
By Sam Li and Lewis Jackson BEIJING, Aug 12 (Reuters) – Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded. Brent futures gained 72 ce
By Gregor Stuart Hunter SINGAPORE, Aug 12 (Reuters) – The dollar traded sideways in early Asian dealings on Wednesday, shrugging off renewed attacks on shipping in critical waterways in the Middle East, as currency markets awaited the release of inflation data later in the global day. The yen was fl
Civil rights groups and researchers at a public hearing Tuesday called on a federal agency to continue its annual collection of workplace demographic data, arguing that a proposal to end the practice will undermine efforts to fight discrimination. Twenty-two speakers testified at the Equal Employmen
Immigration and Customs Enforcement officers may soon be outfitted with gloves that can deliver painful electric shocks intended to gain compliance from combative individuals. ICE plans to spend up to $20 million to purchase thousands of “conductive distraction and de-escalation devices” for officer
US stocks edge further from their records as oil prices keep swinging NEW YORK (AP) — U.S. stocks slipped a bit further from their records, while oil prices kept swinging on uncertainty about when the war with Iran will allow crude to flow freely again. The S&P 500 fell 0.3% Tuesday for a second mod
Aug 11 (Reuters) – A California judge tentatively denied a request to hold Southern California Edison, a unit of Edison International, automatically liable for billions of dollars in property losses from the Eaton wildfire, Bloomberg News reported on Tuesday. Los Angeles County Superior Court Judge
By Olivia Le Poidevin GENEVA, Aug 12 (Reuters) – Global youth unemployment increased in 2025 as weaker economic growth, geopolitical tensions and sluggish job creation made it harder for young people to find work, the International Labour Organization said on Wednesday, warning that AI could add to
A federal safety agency recommended the development of written policies and procedures for flushing gas valves a year after a blast at a U.S. Steel plant near Pittsburgh killed two workers. The U.S. Chemical Safety and Hazard Investigation Board issued a final report into the August 2025 blast at Cl
(Corrects day in paragraph 1) Aug 12 (Reuters) – Commonwealth Bank of Australia posted record full-year cash earnings that topped market expectations on Wednesday, driven by robust lending volumes, but flagged a steep decline in mortgage demand since the government’s tax changes in May. The country’
A few years ago, a pop culture store owner in Wisconsin mentioned to Jason Ganos, a well-known Nintendo game collector, that he had a box of Super Mario cartridges that had been sitting in storage for years. It stopped Ganos in his tracks. It turned out to be an ultrarare collection of 97 “absolutel
By Jamie McGeever ORLANDO, Florida, Aug 11 (Reuters) – U.S. stocks fell and oil rose on Tuesday, price moves driven by deepening pessimism around the prospect of a U.S.-Iran peace deal, while major currency and bond markets were largely steady as investors awaited the release of U.S. inflation figur
WASHINGTON, Aug 11 (Reuters) – The Trump administration on Tuesday finalized a rule exempting U.S. companies and individuals from reporting beneficial ownership information to the Treasury Department’s financial crimes unit, rolling back reporting requirements established under a 2021 law aimed at c
By Neil J Kanatt Aug 11 (Reuters) – Cava Group on Tuesday beat Wall Street expectations for second-quarter sales and core profit, helped by demand for its affordable Mediterranean food, sending its shares up about 12% in extended trading. Here are more details: • The restaurant chain known for its c
By Kalea Hall DETROIT, Aug 11 (Reuters) – General Motors said it has entered an agreement with a third-party inventory management company to ensure access to future supply of critical parts. The automaker said in a Tuesday regulatory filing that it has set up a $4.5 billion purchasing facility, unde
