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News
Ahead of Fed meeting, Trump says US should have world’s lowest interest rate
19+ hour, 4+ min ago (374+ words) By Bo Erickson, Padraic Halpin and Conor Humphries DOONBEG, Ireland, Sept 13 (Reuters) – No country should have lower interest rates than the U.S., President Donald Trump said on Sunday, days before the Federal Reserve’s next policy meeting. Speaking to reporters at…...
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
9+ hour, 8+ min ago (446+ words) SINGAPORE, Sept 14 (Reuters) – AI-connected stocks fell sharply in early Asian trading on Monday after the CEOs of the companies developing the most advanced AI models warned the pace of development must slow to prevent threats to humanity. Anthropic CEO Dario…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
12+ hour, 43+ 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…...
GE HealthCare in talks over possible $1 billion deal for Sofie Biosciences, FT reports
1+ day, 2+ hour ago (147+ words) Sept 13 (Reuters) – GE HealthCare Technologies is in talks over a possible $1 billion deal to buy radiopharmaceutical developer Sofie Biosciences, the Financial Times reported on Sunday, citing people familiar with the matter. Here are some details: • A deal for Sofie, which…...
Novartis investors turn spotlight on M&A after trial setbacks
3+ day, 8+ hour ago (759+ words) By Bhanvi Satija, Oliver Hirt and Marleen Kaesebier LONDON/ZURICH, Sept 11 (Reuters) – Novartis investors are set to step up scrutiny of the Swiss group’s dealmaking strategy after setbacks to drugs it acquired through mergers and acquisitions hit its shares, raising…...
European stocks rise but head for sharp weekly declines
3+ day, 18+ hour ago (362+ words) Sept 11 (Reuters) – European stocks edged higher on Friday but were set for their biggest weekly decline in about two months as elevated bond yields and fears about aggressive interest rate hikes tempered sentiment ahead of key U.S. inflation data....
Activist investor Carl Icahn gives up JetBlue board seats after sharply cutting stake
2+ week, 4+ day ago (471+ words) By Doyinsola Oladipo and Rajesh Kumar Singh Aug 27 (Reuters) – Activist investor Carl Icahn has given up his board representation at JetBlue Airways after sharply reducing a stake in the airline that he once called an attractive investment opportunity. In 2024, JetBlue…...
Longsys ends 1% lower in Hong Kong debut after $900 million share sale
6+ day, 22+ hour ago (409+ words) By Donny Kwok and Yantoultra Ngui HONG KONG, Sept 8 (Reuters) – Shares of Shenzhen Longsys Electronics ended 1% lower in their Hong Kong debut on Tuesday, after the Chinese data storage products maker raised about HK$7.08 billion ($903 million) in a share sale....
Dollar holds gains, yen slips as Mideast energy shock deepens
3+ day, 11+ hour ago (522+ words) SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle…...
Texas Stock Exchange captures first primary equity market listings from NYSE
3+ day, 15+ hour ago (544+ words) PROVIDENCE, Rhode Island, Sept 10 (Reuters) – The fledgling Texas Stock Exchange on Thursday scored another victory against established New York trading venues, convincing three related energy partnerships to shift their primary listing from the New York Stock Exchange to Dallas. In…...