By Stefanno Sulaiman and Dewi Kurniawati JAKARTA (Reuters) -Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by Reuters. The contract is …
By Sabrina Valle (Reuters) -BNSF Railway has hired Goldman Sachs and CSX Corp is in talks to bring on financial advisers, as rival Union Pacific’s interest in acquiring Norfolk Southern sparked a wave of deal preparations that could reshape the U.S. freight rail industry, sources said. The moves by BNSF, owned by Warren Buffett’s Berkshire …
BNSF hires Goldman, CSX seeks bankers as Union Pacific sparks rail M&A race, sources say Read More »
BEIJING (Reuters) -China’s market regulator said in a statement on Tuesday that it had suspended the antitrust investigation into DuPont China Group, a subsidiary of the U.S. firm DuPont. The regulator launched an investigation into DuPont China in April for its alleged violation of the country’s anti-monopoly law, amid a heated trade war between China …
China’s market regulator suspends antitrust investigation into DuPont China Read More »
(Reuters) -Credit bureau Equifax beat Street estimates for second-quarter profit on Tuesday, helped by a smaller-than-expected drop in inquiries for mortgage credit reports, and raised its annual revenue forecast marginally. Mortgage inquiries buoyed Equifax’s second-quarter results in an otherwise subdued mortgage market, with the 30-year mortgage rate — the interest rate for the most popular …
Equifax beats quarterly profit estimate, raises annual revenue forecast Read More »
(Reuters) -Index provider MSCI reported a rise in second-quarter profit on Tuesday, as improved spending by clients drove up demand for its index products and analytics services. WHY IT’S IMPORTANT MSCI’s results often reflect sentiment in the broader market, as clients use the company’s stock indexes and other tools to help them evaluate their investments. …
MSCI reports higher second quarter profit on robust demand for index products Read More »
(Reuters) -Homebuilder Pultegroup on Tuesday posted second-quarter revenue above Wall Street estimates, helped by steady home sales resulting from buyer incentives, sending the company’s shares up 1.7% before the bell. The sector is grappling with a weakening consumer sentiment, prompting builders to offer incentives like mortgage rate buydowns and smaller, more affordable homes to stimulate …
Pultegroup beats quarterly revenue estimates as sales incentives hold up Read More »
By Kenrick Cai and Jaspreet Singh (Reuters) -Alphabet’s Google and OpenAI said their artificial-intelligence models won gold medals at a global mathematics competition, signaling a breakthrough in math capabilities in the race to build systems that can rival human intelligence. The results marked the first time that AI systems crossed the gold-medal scoring threshold at …
Google clinches milestone gold at global math competition, while OpenAI also claims win Read More »
By Paritosh Bansal (Reuters) -Joseph Lavorgna, counselor to Treasury Secretary Scott Bessent, believes tariffs are not inflationary and says economists who have been predicting that prices would rise due to President Donald Trump’s import duties are wrong. Where many such economists saw effects of tariffs in consumer price inflation data last week, Lavorgna was not …
In the Market-How the ghost of ‘transitory’ inflation is haunting the rate debate Read More »
By Deborah Mary Sophia and Zaheer Kachwala (Reuters) -Alphabet, faced with unprecedented threats from AI rivals, will be keen to assure investors this week that the company’s own spending on the technology is helping it dig a deeper moat around its search and advertising businesses. Rivals of the Google parent, including AI startups such as …
Alphabet will seek to reassure investors as AI rivals step up competition Read More »
By Pritam Biswas and Arasu Kannagi Basil (Reuters) -Major U.S. stock exchanges are expected to report higher second-quarter profits, driven by increased fee collection from record-breaking trading volumes as investors rushed to reposition portfolios hit by tariff-related volatility. Periods of heightened market volatility usually drive up trading volumes, and with it, transaction and clearing fees, …
US exchanges set to reap windfall as market volatility fuels trading rush Read More »
