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European shares muted as tech slides, oil surge weighs
6+ hour, 49+ min ago (204+ words) Sept 14 (Reuters) – European shares were subdued on Monday as technology stocks fell after executives at leading AI companies called for a slower pace of development, while another surge in oil prices dampened broader risk appetite. The pan-European STOXX 600 was little…...
BOJ executive saw need for vigilance to ‘non-linear’ inflation spikes
9+ hour, 7+ min ago (380+ words) TOKYO, Sept 14 (Reuters) – Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday....
Morning Bid: Shipping oil gets ever harder, costlier
9+ hour, 45+ min ago (573+ words) A look at the day ahead in European and global markets from Wayne Cole. Brent is back above $107 a barrel as the Houthis close in on the Bab el-Mandeb, the other key channel for oil exports coming out of the…...
Hormuz shipping traffic remains below 10-day average at weekend, data shows
9+ hour, 59+ min ago (298+ words) SINGAPORE, Sept 14 (Reuters) – Commodity vessel transits through the Strait of Hormuz fell to a single digit per day at the weekend, preliminary shiptracking data showed on Monday, well below a 10-day average of 14. Over the weekend, four vessels exited the…...
Goldman Sachs now expects Fed to hike rates in September
11+ hour, 29+ min ago (138+ words) Sept 13 (Reuters) - Goldman Sachs now expects the U.S. Federal Reserve to raise interest rates by 25 basis points at its September policy meeting, reversing its previous forecast for rates to remain unchanged. The Wall Street bank said in a... Sept 13 (Reuters)…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
11+ hour, 32+ min ago (186+ words) SEOUL, Sept 14 (Reuters) – Samsung Electronics and SK Hynix have rejected a proposal by Korea Electric Power Corp to make a 25 trillion won ($18.7 billion) upfront payment to support power supplies for planned semiconductor mega clusters, according to a document submitted to…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
13+ hour, 50+ min ago (641+ words) SINGAPORE, Sept 14 (Reuters) – The dollar was steady on Monday, with the yen holding on to its recent sharp gains and hovering near a seven-month high as investors pondered possible rate hikes from the Federal Reserve and Bank of Japan in…...
China’s Ligent Technologies seeks $723 million in Hong Kong IPO
15+ hour, 33+ min ago (139+ words) Sept 14 (Reuters) – China’s Ligent Technologies is looking to raise HK$5.67 billion ($723.02 million) through an initial public offering in Hong Kong, according to a filing with the exchange on Monday. The optical communications equipment maker is offering 172 million shares at an…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
1+ day, 3+ hour ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Speculators turn net long on yen for first time since February
1+ day, 11+ hour ago (148+ words) TOKYO, Sept 13 (Reuters) – Speculators turned to a net long position on the yen for the first time since February, data showed late on Friday, a display of growing momentum behind Japan’s beleaguered currency. The yen has surged this month on…...