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News
Morning Bid: Shipping oil gets ever harder, costlier
2+ hour, 33+ 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…...
Ares names James Garforth principal for Asia direct lending
2+ hour, 56+ min ago (144+ words) HONG KONG, Sept 14 (Reuters) – Ares Management Corp, a global alternative investment manager, has appointed James Garforth as principal in its Asia direct lending business, according to an internal memo seen by Reuters on Monday. Here are some details: • Garforth joins…...
Hormuz shipping traffic remains below 10-day average at weekend, data shows
2+ hour, 47+ 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…...
AI-linked Asian stocks slump after top lab CEOs call for slowing down technology’s development
2+ hour, 41+ 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…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
4+ hour, 20+ 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…...
Goldman Sachs now expects Fed to hike rates in September
4+ hour, 17+ 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)…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
6+ hour, 38+ 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…...
Kennedy Center on brink of bankruptcy, could close as early as Tuesday, Washington Post reports
6+ hour, 56+ min ago (156+ words) Sept 13 (Reuters) - Leaders of the John F. Kennedy Center for the Performing Arts say it is on the brink of bankruptcy and could close as early as Tuesday, the Washington Post reported on Sunday. The leaders, installed by U.S. President…...
Shares slip in Asia as oil climbs, rate hikes loom
7+ hour, 56+ min ago (592+ words) SYDNEY, Sept 14 (Reuters) – Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new…...
Michael Dell’s DFO Management nears take-private deal for Baldwin Insurance Group, FT reports
7+ hour, 43+ min ago (156+ words) Sept 13 (Reuters) – Dell CEO Michael Dell’s DFO Management is nearing a take-private deal for insurance brokerage firm The Baldwin Insurance Group, the Financial Times reported on Sunday. DFO Management is in advanced talks with Baldwin over a deal which is…...