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News
Japan’s wholesale inflation stays elevated in August, boosts case for rate hike
2+ day, 15+ hour ago (311+ words) TOKYO, Sept 11 (Reuters) – Japan’s wholesale inflation remained elevated in August, data showed on Friday, highlighting mounting price pressures that cement the case for the central bank to raise interest rates this month. The data follows recent hawkish communication from the…...
Texas Stock Exchange captures first primary equity market listings from NYSE
2+ day, 18+ 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…...
US slaps new sanctions on networks aiding Iran’s proxies in Middle East
2+ day, 17+ hour ago (630+ words) WASHINGTON, Sept 10 (Reuters) – The U.S. government announced new sanctions on Thursday against firms and individuals that it says are aiding Hezbollah and other Iranian proxies in the Middle East as it intensified its campaign to isolate Iran economically. The latest…...
Nubank launches US high-yield savings account, credit cards, remittances
2+ day, 23+ hour ago (299+ words) By Tatiana Bautzer and Andre Romani NEW YORK/SAO PAULO, Sept 10 (Reuters) – Brazilian digital bank Nubank will start offering financial products in the U.S. on Thursday through bank partners, it announced in a securities filing. The initial products will be…...
‘Welcome to Foldables’: Samsung braces for Apple’s foldable iPhone challenge
3+ day, 9+ hour ago (348+ words) SEOUL, Sept 10 (Reuters) – Samsung launched a publicity campaign for its foldable phones, touting its hardware advantage and its early entry into the segment as it seeks to fend off a major challenge from Apple. Apple unveiled on Wednesday the Duo,…...
DOJ probes Nvidia’s licensing deal with AI startup Groq, NYT reports
3+ day, 9+ hour ago (171+ words) Sept 9 (Reuters) – The U.S. Justice Department is investigating whether Nvidia structured its licensing deal with AI chip startup Groq to avoid antitrust scrutiny, the New York Times reported on Wednesday, citing two people familiar with the matter. Nvidia announced a…...
OPEC oil output falls in August, Reuters survey shows
3+ day, 5+ hour ago (126+ words) Sept 10 – OPEC oil output fell in August, a Reuters survey found, as Saudi exports faced new disruption due to the war in Iran and a U.S. blockade cut Iran’s shipments. Crude output by the 11-member Organization of the Petroleum…...
ECB hikes rates as Iran war adds to inflation angst
3+ day, 3+ hour ago (668+ words) LONDON, Sept 10 (Reuters) – The European Central Bank raised interest rates for the second time this year in a widely flagged move on Thursday, hoping to tame an inflation rise driven entirely by higher energy costs from the Iran war. The…...
Dispute over recycling machines drags struggle over Cairo’s trash into public view
3+ day, 4+ hour ago (807+ words) By Mohamed Ezz and Amr Abdallah CAIRO, Sept 10 (Reuters) – A plan to expand a recycling scheme might seem an unlikely source of controversy in Cairo, where waste often accumulates in alleys, canals and vacant lots. But it became one late…...
American Eagle shares slide as flat margin outlook, weak core brand weigh
3+ day, 6+ hour ago (266+ words) Sept 10 (Reuters) – American Eagle Outfitters’ shares slumped over 11% in premarket trading on Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company’s core brands outweighed a second-quarter revenue beat. Demand across the apparel sector has been uneven as…...