By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Investors on Monday wound back some of Friday’s sharp market swings sparked by Fed Chair Jerome Powell’s dovish pivot, a reversal that saw the dollar spike higher, Wall Street close lower and the U.S. …
By Amanda Stephenson and Arathy Somasekhar CALGARY/HOUSTON (Reuters) -Canada’s main oil-producing province of Alberta is considering a financial investment in Japan’s refining sector, two sources familiar with the matter said, an attempt to reduce its overwhelming dependence on top trade partner the United States for oil exports. Alberta’s government is in early-stage talks with several …
(Reuters) -An outbreak of bird flu in Brazil, the world’s largest chicken exporter, prompted countries to implement trade restrictions in an effort to prevent the spread of the virus after the first case was confirmed on a commercial farm in May. Brazil declared itself free of the virus in commercial flocks after 28 days without …
Factbox-Which countries restrict Brazilian chicken imports over bird flu? Read More »
By Amy Lv, Florence Lo and Shubing Wang GANZHOU, China (Reuters) -Chinese copper flat wire manufacturer Wellascent’s decision early last year to build a factory in Texas was a hedge against geopolitical risks. Now the investment is paying off as U.S. import tariffs boost demand for its locally produced goods. The company’s plant in Grand …
Texas factory gives Chinese copper firm an edge in tariff war Read More »
(Reuters) -Singapore’s second-largest bank Oversea-Chinese Banking Corp said on Monday it has established a $1 billion digital U.S. commercial paper programme, bolstering its dollar funding capabilities. U.S. commercial papers are a relatively inexpensive funding source that corporations use to meet their immediate cash flow needs. Through the programme, OCBC aims to tap into the $1.4 …
OCBC kicks off $1 billion digital US commercial paper programme Read More »
BEIJING (Reuters) -China’s CMOC GROUP said on Monday that it was looking for more merger and acquisition opportunities. “We are actively finding and negotiating projects in resource rich countries and regions including Africa and South America,” Liu Jianfeng, CMOC’s chairman said at an earnings briefing, without indicating any targets. CMOC acquired Canada-listed Lumina Gold in …
China’s CMOC eyes more M&A opportunities in Africa, South America Read More »
(Reuters) -The National Highway Traffic Safety Administration is opening a probe into more than 1.4 million Honda vehicles sold in the United States over concerns that connecting rod bearing failures in their engines could lead to complete engine failure. In a letter dated August 20, the regulator said it received 414 reports of the issue …
US probes into more than 1.4 million Honda vehicles over engine failure Read More »
JAKARTA (Reuters) -Indonesia has scrapped a requirement to use government benchmark prices as the floor price in minerals and coal sales, a mining ministry decree reviewed on Monday showed. Issued earlier this month, the decree allowed miners to sell minerals and coal below the government-set benchmark prices, but production levies and tax obligations arising from …
Indonesia cancels requirement to use benchmark prices in minerals, coal sales Read More »
BEIJING (Reuters) -China commissioned 21 gigawatts (GW) of coal power plant capacity in the first half of 2025, a new report found on Monday, the highest since 2016 even as the country is building record amounts of clean energy. “The commissioning boom of 2025 reflects a delayed response to the permitting surge of 2022–2023,” wrote …
China’s commissioning of coal power at 9-year high in first half, report says Read More »
SINGAPORE (Reuters) -Thomson Medical Group said on Monday it had launched a more than 18 billion ringgit ($4.3 billion) project to build a private hospital and residential and commercial properties in Malaysia’s Johor, in one of Southeast Asia’s largest such ventures. The 26-acre (10.52 hectares) Johor Bay project, within the southern Johor-Singapore Special Economic Zone, …
Singapore’s Thomson Medical launches $4.3 billion Johor Bay project Read More »
