By Siyi Liu SINGAPORE (Reuters) -Saudi Arabia, the world’s biggest oil exporter, is expected to lift November crude oil prices for Asian buyers to track gains in Middle East benchmarks, although rising supplies would limit those increases, refining sources said on Monday.The November official selling price for flagship Arab Light crude will likely rise 20-40 …
Saudi Arabia expected to lift November crude prices to Asia Read More »
(Reuters) -The U.S. Federal Reserve needs to maintain a restrictive stance of monetary policy to get inflation down to its 2% target, Cleveland Fed President Beth Hammack told CNBC’s Squawk Box Europe on Monday. “It’s a challenging time for monetary policy. We are being challenged on both sides of our mandate,” she said, referring to …
Fed’s Hammack says US needs to maintain restrictive policy amid inflationary pressures Read More »
(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. Treasury yields and the dollar are down and most stocks a shade higher in Asia as investors wait to see if last gasp talks will prevent the U.S. government shutting from Wednesday. Expectations don’t seem high for a deal when …
TOKYO (Reuters) -Toyota Motor said on Monday its global sales grew for an eighth straight month in August, as continuing strong demand for some of its hybrid models in the United States offset a weaker performance in Japan. The automaker’s worldwide sales increased 2.2% year-on-year to 844,963 vehicles in August, helped by a 13.6% jump …
Toyota’s August sales grow for eighth month on robust US demand Read More »
By Lewis Krauskopf NEW YORK (Reuters) -Next week’s U.S. jobs data may need to tread a fine line for Wall Street, revealing a cooling labor market that supports further interest rate cuts without fueling fears about a recession. While stocks have edged lower this week, U.S. equity indexes remain near record highs after a relentless …
Investors look to jobs data to support rate-cut path, pricey stock market Read More »
By Heejin Kim and Cynthia Kim SEOUL (Reuters) -The United States has agreed that South Korea is not manipulating its currency for trade advantage, a spokesperson for President Lee Jae Myung said on Sunday. The two allies agreed that Seoul does not fall under the manipulator designation that the U.S. Treasury Department announces in reports …
US agrees South Korea not a currency manipulator, Seoul says Read More »
(Reuters) -The president of the United Arab Emirates, which has been spending billions in its push to become a global player in AI, met OpenAI Chief Executive Sam Altman in Abu Dhabi on Saturday, the UAE state news agency reported. Discussions between Sheikh Mohammed bin Zayed Al Nahyan and Altman focused on strengthening cooperation between …
UAE president meets OpenAI CEO to discuss AI collaboration Read More »
SEOUL (Reuters) -South Korea is unable to pay $350 billion upfront in investment in the United States as President Donald Trump suggested under a deal to cut tariffs and is seeking an alternative solution, Seoul’s presidential adviser said on Saturday. Since a handshake deal by the allies’ leaders in July to lower U.S. tariffs to …
(Corrects first paragraph to reflect that Boeing reached a settlement, did not file it) (Reuters) -Boeing reached a settlement on Friday in a wrongful death lawsuit brought by the mother of John Barnett, a former Boeing worker who raised concerns about the planemaker’s production that was potentially putting passengers at risk. In the settlement filed …
Boeing settles lawsuit on wrongful death claim related to deceased whistleblower Read More »
(Corrects name in headline to Dhupelia, not Suni) By Kane Wu HONG KONG (Reuters) -JPMorgan has appointed Sunil Dhupelia as the new head of equity capital markets international, according to an internal memo seen by Reuters on Friday. Dhupelia, who has over 20 years of experience in ECM across the Asia-Pacific region, will relocate to …
JPMorgan names Dhupelia new head of ECM international, memo says Read More »
