(Reuters) -BHP said on Wednesday it would invest more than A$840 million ($555.16 million) in its Olympic Dam copper operations in South Australia as the miner prepares to make an investment decision by mid-2027 to double output from the state. South Australia is home to one of BHP’s three copper growth projects, including Olympic Dam. …
BHP earmarks $555 million to boost copper production in South Australia Read More »
A look at the day ahead in European and global markets from Stella Qiu And just like that the U.S. government has entered its 15th shutdown since 1981 and the second under President Donald Trump, who used the opportunity to threaten the dismissal of yet more federal workers. Tens of thousands have already been fired …
By Diana Novak Jones CHICAGO (Reuters) -Uber is not liable for the sexual assault of a woman who said she was attacked by her driver on a ride she ordered from the ridesharing app, a California jury said on Tuesday, according to an attorney for the plaintiff. At the end of a three-week civil trial …
Uber found not liable in first US trial over driver sexual assault claims Read More »
(Reuters) -U.S. quantum computing startup PsiQuantum said on Tuesday it broke ground for a facility at Chicago’s Illinois Quantum and Microelectronics Park (IQMP), as it capitalizes on a fresh $1 billion funding round. The facility, located at a former U.S. Steel South Works site, will serve as IQMP’s anchor tenant and launch with the development …
PsiQuantum breaks ground on Chicago quantum site Read More »
By Deena Beasley (Reuters) -President Donald Trump, who has long argued that the U.S. pays more than it should for prescription medicines, on Tuesday said Pfizer had agreed to cut prices for drugs it sells to the Medicaid program for low-income Americans and to ensure the U.S. would not pay more for new medicines than …
Explainer-What does Trump’s deal with Pfizer mean for drug prices? Read More »
(Reuters) -Warren Buffett’s Berkshire Hathaway is in talks to buy Occidental Petroleum’s OxyChem petrochemical unit for about $10 billion, the Wall Street Journal reported on Tuesday citing people familiar with the matter. The potential sale of the OxyChem unit, which supplies products used in medical care, food security and construction, would add to a series …
Berkshire in talks to buy Occidental’s OxyChem for about $10 billion, WSJ reports Read More »
By Michael S. Derby and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Federal Reserve liquidity facilities saw much less interest from Wall Street than expected on Tuesday as the third quarter came to a close, though a climb in repo rates showed some liquidity pressure. Quarter ends generally see challenging money market conditions as some firms pull …
Fed liquidity facilities see tepid demand despite quarter end, repo rates climb Read More »
By Howard Schneider WASHINGTON (Reuters) -The U.S. labor market likely needs to weaken further for the Federal Reserve to achieve its 2% inflation target, as prices are rising even faster without factoring in the impact of new import tariffs, Dallas Fed President Lorie Logan said on Tuesday. Logan urged caution in making further interest rate …
Fed’s Logan: US may need more slack in job market to hit 2% inflation Read More »
(Reuters) -Fermi, a data center real estate investment trust co-founded by former U.S. energy secretary Rick Perry, said on Tuesday it raised $682.5 million in its U.S. initial public offering. The Amarillo, Texas-based company sold 32.5 million shares at $21 apiece, compared with its marketed range of $18 to $22 apiece. The IPO valued Fermi, …
Rick Perry-backed Fermi REIT raises $682 million in U.S. IPO amid AI data-center boom Read More »
By Suzanne McGee (Reuters) -The TXSE said on Tuesday that the SEC has approved its application to launch a new stock exchange, clearing the way for the Dallas-based Texas Stock Exchange to begin trading stocks and exchange-traded products by early 2026. The venture, backed by investment industry heavyweights including BlackRock, Citadel Securities and Charles Schwab, …
TXSE says SEC approves application for new Dallas-based stock exchange Read More »
