(Reuters) -Political turmoil in France and Japan looms large over markets as U.S. banks kick off the latest earnings season, while the government shutdown drags on and policymakers gather in Washington for the IMF and World Bank annual meetings. Here’s your week ahead from Rae Wee in Singapore, Lewis Krauskopf in New York, and Dhara …
By Devika Madhusudhanan Nair and Shubham Kalia (Reuters) -US investment bank Jefferies said on Sunday its exposure to bankrupt auto parts maker First Brands Group is limited and any potential losses would be “readily absorbable,” as it sought to reassure investors following a slump in its shares last week. First Brands, which makes filters, brakes …
Jefferies expects limited fallout from First Brands’ bankruptcy Read More »
WASHINGTON (Reuters) -Trade Representative Jamison Greer said on Sunday that the U.S. reached out to China for a phone call following an announcement that it was expanding its rare earths export controls but Beijing deferred, while China accused the U.S. of what it called “double standards.” “I can tell you that we were not notified, …
SYDNEY (Reuters) -Australia’s Qantas Airways said on Sunday that it was one of the companies whose customer data had been published by cybercriminals after it was stolen by a hacker in a July breach of a database containing the personal information of the airline’s customers. The airline said in July that more than a million customers had …
Qantas says customer data released by cyber criminals months after cyber breach Read More »
(Reuters) -Warner Bros Discovery has rebuffed Paramount Skydance’s initial takeover approach as too low, Bloomberg News reported on Saturday. Warner Bros rejected Paramount’s offer of around $20 per share in recent weeks, the report said, citing people familiar with the matter. Paramount declined to comment on the report, while Warner Bros did not immediately respond …
Warner Bros rebuffs Paramount takeover approach, Bloomberg News reports Read More »
(Corrects paragraphs 1, 2 and 4 to show the Gates Foundation has not begun work on broad weight-loss drug access; clarifies Bill Gates’ quote in paragraph 4 to show he was speaking more generally on the Foundation’s work on drug access; adds detail on current work in paragraph 6; changes first bullet point) By Jennifer …
Bill Gates, PAHO consider ways to bring weight-loss drugs to lower-income countries Read More »
By David Shepardson WASHINGTON (Reuters) -The Federal Aviation Administration said on Friday that air traffic control staffing issues delayed travel for a fifth straight day as major U.S. airlines urged air travelers to be patient during an ongoing government shutdown. More than 6,400 flights were delayed on Friday – and 470 canceled – after 22,000 …
FAA staffing issues delay US air traffic for fifth straight day Read More »
By Stephen Culp NEW YORK (Reuters) -Wall Street slumped on Friday after U.S. President Donald Trump escalated his trade conflict with China after Beijing tightened its rare earth restrictions. Late on Friday after Wall Street’s official trading session, Trump said he would impose an additional 100% tariff on imports from China, as well as export …
Wall Street sells off as Trump hits China with more tariffs Read More »
By Prakhar Srivastava (Reuters) -Corporate travel and expense company Navan said on Friday it is targeting a valuation of up to $6.45 billion in its U.S. initial public offering, below the level it reached in a 2022 funding round, as it pushes ahead with listing plans despite the U.S. government shutdown. The Palo Alto, California-based …
Travel tech firm Navan eyes $6.45 billion valuation in US IPO Read More »
By Chibuike Oguh NEW YORK (Reuters) -Investor worries that Wall Street’s record stock rally would soon fizzle loomed large on Friday after tariffs re-emerged as a market risk. U.S. equity markets, fresh off midweek record highs, performed an about-face during the trading session after President Donald Trump revived threats to hike tariffs against China. Investors …
Wall Street selloff raises worries about market downturn Read More »
