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Oil prices jump more than $3 after new strikes on Saudi, Strait of Hormuz
7+ hour, 24+ min ago (123+ words) BEIJING, Sept 14 (Reuters) - Oil prices rose more than $3 at market open on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday. Brent crude futures rose $3.62, or 3.46%, to $108.23 per barrel as of 22:14 GMT (Sun... Oil…...
IMF say global growth on track to reach 3% in 2026, but risks remain high
3+ day, 14+ hour ago (188+ words) WASHINGTON, Sept 10 (Reuters) - The IMF on Thursday said the global economy had weathered the energy shock caused by the war in the Middle East better than feared and global economic output was still expected to expand by about 3% in 2026, but…...
AI boom poses new financial stability risks, BIS head says
3+ day, 23+ hour ago (463+ words) LONDON, Sept 10 (Reuters) – AI’s rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo Hernandez de Cos said, with spending on related infrastructure already at a scale significant enough to influence global economic conditions. For central…...
South Korea says chip investments under discussion with US amid tariff concerns
1+ week, 3+ day ago (270+ words) By Heejin Kim and Hyunjoo Jin SEOUL, Sept 4 (Reuters) – South Korea and the United States are discussing semiconductor investments in the U.S. as part of broader bilateral talks, a Seoul official told reporters on Friday. The presidential official was responding…...
US second-quarter productivity growth unrevised
1+ week, 3+ day ago (155+ words) WASHINGTON, Sept 3 (Reuters) – U.S. worker productivity growth picked up in the second quarter, the government confirmed on Thursday, helping to keep labor costs in check. Nonfarm productivity, which measures hourly output per worker, increased at an unrevised 1.4% annualized rate last…...
Autonomous trucking software firm PlusAI to go public in $800 million SPAC deal
1+ week, 3+ day ago (219+ words) Sept 3 (Reuters) – PlusAI has agreed to go public through a merger with blank-check firm Texas Ventures Acquisition III Corp in a deal valuing the autonomous trucking software developer at about $800 million in pre-money equity value, the companies said on Thursday....
Uber to cut 3,300 jobs in management overhaul
1+ week, 4+ day ago (105+ words) Sept 2 (Reuters) – Uber Technologies will cut 3,300 jobs, or roughly 10% of its global workforce, as part of an overhaul, as it looks to reduce the number of managers, the company said on Wednesday. The cuts will reduce the number of managers…...
Morning Bid: Who will police the bond vigilantes?
1+ week, 5+ day ago (404+ words) A look at the day ahead in European and global markets from Gregor Stuart Hunter Bond yields are hitting new milestones as fighting resumes between the U.S. and Iran and oil prices surge, sending Brent crude above $95 and the yield on…...
Brazil’s Congress approves tax exemptions to attract data center investments
1+ week, 5+ day ago (153+ words) BRASILIA, Sept 1 (Reuters) – Brazil’s Congress on Tuesday approved a bill exempting data-center-related equipment from federal taxes, part of the government’s plan to lure such projects to the country. • The Senate approved the bill on Tuesday, following a previous greenlight from…...
Brazil’s economic growth slows in Q2 but beats forecasts
1+ week, 5+ day ago (238+ words) SAO PAULO, Sept 1 (Reuters) – Brazil’s economic growth slowed in the second quarter as elevated borrowing costs continued to weigh on activity, though the expansion was slightly stronger than expected thanks to a robust performance from the farm sector. Gross domestic…...