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News
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
12+ hour, 52+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
16+ hour, 27+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
18+ hour, 38+ min ago (286+ words) BEIJING, Sept 14 (Reuters) – Oil prices rose more than $3 a barrel at the market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday. Brent crude futures rose $3.62, or 3.46%, to $108.23 per barrel as of…...
Novartis investors turn spotlight on M&A after trial setbacks
3+ day, 11+ hour ago (759+ words) By Bhanvi Satija, Oliver Hirt and Marleen Kaesebier LONDON/ZURICH, Sept 11 (Reuters) – Novartis investors are set to step up scrutiny of the Swiss group’s dealmaking strategy after setbacks to drugs it acquired through mergers and acquisitions hit its shares, raising…...
European stocks rise but head for sharp weekly declines
3+ day, 21+ hour ago (362+ words) Sept 11 (Reuters) – European stocks edged higher on Friday but were set for their biggest weekly decline in about two months as elevated bond yields and fears about aggressive interest rate hikes tempered sentiment ahead of key U.S. inflation data....
Activist investor Carl Icahn gives up JetBlue board seats after sharply cutting stake
2+ week, 4+ day ago (471+ words) By Doyinsola Oladipo and Rajesh Kumar Singh Aug 27 (Reuters) – Activist investor Carl Icahn has given up his board representation at JetBlue Airways after sharply reducing a stake in the airline that he once called an attractive investment opportunity. In 2024, JetBlue…...
Dollar holds gains, yen slips as Mideast energy shock deepens
3+ day, 15+ hour ago (522+ words) SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle…...
Texas Stock Exchange captures first primary equity market listings from NYSE
3+ day, 19+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...
Volkswagen earmarks €16 billion for job cuts, plant closures, source says
4+ day, 3+ hour ago (184+ words) BERLIN, Sept 10 (Reuters) – Volkswagen estimates the total cost of job cuts and potential plant closures, part of a landmark restructuring pact struck last week, at around €16 billion ($18.6 billion), a person familiar with the matter said on Thursday. The German carmaker,…...
German August inflation confirmed at 2.9%
4+ day, 6+ hour ago (60+ words) KELO-AM German August inflation confirmed at 2.9% BERLIN, Sept 10 (Reuters) – German inflation accelerated to 2.9% in August, the federal statistics office said on Thursday, confirming preliminary data. Germany’s consumer prices, harmonised to compare with other European Union countries, stood at 2.8% year on…...