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Amazon raises almost $6 billion in first sterling bond sale, lead manager says
4+ day, 19+ hour ago (387+ words) LONDON, Sept 9 (Reuters) – Amazon raised £4.25 billion ($5.76 billion) from its first-ever sterling bond sale on Wednesday, slightly more than initially expected, according to a bank managing the deal, as hyperscalers rush to diversify their funding sources to finance the AI boom....
German industrial output falls unexpectedly in July
1+ week, 3+ hour ago (500+ words) Sept 7 (Reuters) – German industrial production fell unexpectedly in July, dragged down by a sharp drop in car manufacturing, and economists do not expect the recent pickup in factory orders to boost output before the fourth quarter. Industrial production fell by…...
Berlin launches crisis response after hackers publish stolen data
1+ week, 1+ day ago (191+ words) BERLIN, Sept 5 (Reuters) – Berlin’s state government said on Saturday it was reviewing with the highest intensity a trove of stolen data published by a ransomware group, as investigators attempt to assess the scale and impact of the cyberattack that targeted…...
Exclusive-South Korean FX authorities bought $20 billion in repatriated SK Hynix funds, source says | 92.7 The Van WYVN | Holland's Classic Hits
1+ week, 5+ day ago (347+ words) SEOUL, Sept 2 (Reuters) – South Korean foreign exchange authorities bought about $20 billion in U.S. dollars that SK Hynix sold after its $26.5 billion American depositary receipt listing in July, a source with direct knowledge of the matter said on Wednesday. The Foreign…...
Dell again lifts annual forecasts as AI demand powers record results
1+ week, 5+ day ago (328+ words) Sept 1 (Reuters) – Dell Technologies on Tuesday boosted its annual revenue forecast by $25 billion while also raising its profit outlook for the second time this year, driven by soaring demand for its AI servers. Dell’s shares rose 7% in extended trading. The…...
Spain’s PLD Space adds $125 million to its latest funding round
1+ week, 5+ day ago (187+ words) Sept 1 (Reuters) – Aerospace engineering firm PLD Space said on Tuesday it had extended its equity funding round by €108 million ($125 million), bringing the round’s total to €288 million. The company’s cumulative funding stands at €488 million, as it seeks to boost its capacity…...
Uncertainty is ‘poison for economic growth’, German finance minister says
1+ week, 5+ day ago (295+ words) BERLIN, Sept 1 (Reuters) – Geopolitical uncertainty is weighing on global growth and G20 countries must work to reduce it, German Finance Minister Lars Klingbeil said on Tuesday. “Uncertainty is poison for economic growth,” he said on the sidelines of a meeting of…...
Japan’s benchmark bond yield rises to 3% for first time in 30 years
1+ week, 6+ day ago (624+ words) By Rocky Swift and Kevin Buckland TOKYO, Sept 1 (Reuters) – Japan’s benchmark 10-year bond yield hit 3% on Tuesday for the first time since September 1996, pushed higher by investor concerns about inflation, fiscal health and mounting pressure on the central bank to…...
European stocks kick off September on gloomy note as bond yields rise
1+ week, 6+ day ago (475+ words) Sept 1 (Reuters) – European shares dipped on Tuesday, pressured by a fresh rise in government bond yields as investors braced for higher interest rates. The pan-European STOXX 600 slipped 0.2% to a more than one-week low by 0815 GMT. Britain’s FTSE 100 fell 0.5% as trading…...
Russia hits port export facilities in Ukraine’s Odesa region, Kyiv says
1+ week, 6+ day ago (261+ words) KYIV, Sept 1 (Reuters) – Russia attacked Ukraine’s port infrastructure and a border crossing with Romania in the southern Black Sea region of Odesa overnight, Ukrainian officials said on Tuesday. Ukrainian President Volodymyr Zelenskiy said the strike “deliberately damaged a border crossing…...