SANTIAGO (Reuters) – Chile’s state copper giant Codelco has applied for an environmental permit for a $650 million project to make water use in its Andina mine more sustainable, the company said on Tuesday. The plan is to funnel water from the mine’s Ovejeria tailings, or mine waste, and other sources to the concentrator plant …
Chile’s Codelco seeks permit for $650 million Andina water project Read More »
(Reuters) – Cummins Inc beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up more than 4% in pre-market trading. Rising demand from the technology industry’s energy-hungry AI data centers has bolstered the results of power solution providers in recent …
(Reuters) – World’s third-largest contract chipmaker, GlobalFoundries , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering semiconductor demand from smartphone makers, sending shares up nearly 10% in premarket trading. The New York-based company has seen a resurgence in demand from its smart mobile devices segment, offsetting weakness in the Home and …
GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers Read More »
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead of the year’s biggest geopolitical event, the U.S. election. Three of the four central banks overseeing the 10 most heavily traded currencies that held meetings …
Global central bank easing cycle grinds along in October Read More »
(Corrects paragraph 2 to say KFC US same-store sales fell 5%, not 7%) (Reuters) – Yum Brands reported a surprise fall in worldwide same-store sales on Tuesday as its KFC chain grapples with sluggish demand in the U.S., as well as choppy international sales. KFC’s same-store sales in the U.S. tumbled 5%, marking their third …
Yum Brands reports surprise fall in global sales amid KFC’s struggles in US Read More »
By Ankika Biswas and Pranav Kashyap (Reuters) – As Americans go to the polls to elect a new president, investors are trying to gauge how stock markets will react as polls and betting platforms point to a tight race between Vice President Kamala Harris and former President Donald Trump. Harris’ lead over the Republican has …
Stocks to watch as White House race enters final stretch Read More »
By Georgina McCartney HOUSTON (Reuters) – Investors ramped up oil futures and options trading in October to record levels in a bid to hedge growing uncertainty as war rages on in the Middle East and a bearish 2025 supply and demand outlook looms, triggering big swings in crude prices. Hedging can help producers reduce risk …
Oil hedging activity hits record in October as traders eye market risks Read More »
(Reuters) – The U.S. Federal Reserve cut interest rates by an oversized 50 basis points in its Sept. 17-18 meeting that Chair Jerome Powell said was meant to show policymakers’ commitment to sustaining a low unemployment rate now that inflation had eased. Fed policymakers also projected the benchmark interest rate would fall by another half …
Factbox-What to expect in 2024: Forecasts for GDP, inflation and other assets Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan Even with the uncertainty of what most pollsters see as a dead heat in the White House race, world markets are in a upbeat mood as Americans cast their ballots on Tuesday and await the result. One reason for the relative …
Morning Bid: World markets firm as America decides Read More »
By Stella Qiu and Wayne Cole SYDNEY (Reuters) -Australia’s central bank held interest rates steady on Tuesday, as expected, and cautioned policy would need to stay restrictive for some time yet, strongly suggesting borrowers could expect no Christmas cheer this year. There was subdued market reaction, with the Australian dollar hovering at $0.6595. Rate swaps …
Australia’s central bank holds the line on rates even as others ease Read More »
