By Laura Matthews NEW YORK (Reuters) -Some U.S. companies are taking advantage of more attractive pricing in euro options to protect the revenues they expect from Europe against losses, fearing the common currency may have strengthened a bit too far. The euro rose against the dollar after the U.S. rolled out larger-than-expected tariffs in April, …
(Reuters) -OpenAI launched an artificial intelligence agent for its popular chatbot ChatGPT on Thursday that can complete complex tasks as the Microsoft-backed startup looks to get ahead of competitors in the AI race. AI agents — considered to be an evolution of an assistant — have been embraced across the tech world with large firms, …
OpenAI unveils ChatGPT agent to handle tasks as AI apps evolve Read More »
By Marco Aquino LIMA (Reuters) -Spain’s Zelestra plans to invest at least $1 billion in renewable energy plants over the next five years powering mines in copper-rich southern Peru, the company’s CEO for Latin America told Reuters. Zelestra, owned by Swedish firm EQT, is aiming to produce 1 gigawatt (GW) of renewable energy in Peru …
Spain’s Zelestra aims to power Peru mines with $1 billion renewables investment Read More »
By Karen Brettell NEW YORK (Reuters) -The dollar rebounded broadly on Thursday following a turbulent session on Wednesday when U.S. President Donald Trump denied reports that he was planning to fire Federal Reserve Chair Jerome Powell. The dollar has rallied this month in what analysts say is largely consolidation following a sharp selloff for most …
Dollar gains broadly; yen dips before election Japan election Read More »
By Philip Blenkinsop DURBAN (Reuters) -Major economies cannot allow uncertainty to become the new norm even though they face a novel world of growing trade restrictions and tariffs, Canada’s finance minister said on Thursday. G20 finance ministers and central bankers meeting near Durban face a challenge to produce a final communique at a meeting overshadowed …
Economic uncertainty cannot be new norm, says Canada at G20 Read More »
By Kate Abnett BRUSSELS (Reuters) -The European Commission wants to open up part of its proposed 2 trillion euro EU budget for 2028-2034 to nuclear energy, a move likely to divide the bloc’s member states, which Germany immediately rejected. In an annex to its mammoth budget proposal published on Wednesday, the Commission listed nuclear power …
EU opens door to funding nuclear energy in next budget Read More »
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Thursday voided the 2017 fraud conviction of a former HSBC executive who spent two years in prison for “front-running” a British oil and gas exploration company’s $3.5 billion currency trade. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said …
HSBC executive’s fraud conviction voided by US appeals court Read More »
(Reuters) -Sweden’s Husqvarna on Thursday named insider Glen Instone as its new chief executive effective August 11. Instone will replace Pavel Hajman, who has been at the garden equipment maker’s helm since May 2023. Hajman had expressed his intention in April to step down once a successor was appointed. Instone has been with Husqvarna since …
Sweden’s Husqvarna appoints Glen Instone as new CEO Read More »
By Sanchayaita Roy and Twesha Dikshit (Reuters) -European shares snapped a four-day losing streak on Thursday, boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European STOXX 600 index closed 1% higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5%, while France’s CAC 40 added …
European shares see first daily gain in five on strong earnings Read More »
By Ankita Yadav (Reuters) -The UK’s main stock indexes closed higher on Thursday, helped by positive corporate updates, while data suggested the labour market was cooling less than had previously been feared. The blue-chip FTSE 100 rose 0.5%, while the midcap FTSE 250 index added 0.8% to close at a more than three-year high. Ocado …
FTSE indexes close higher, helped by earnings and data Read More »
