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News
ECB’s Kazimir shifts focus to gas prices, sees upside inflation risk
8+ hour, 52+ min ago (336+ words) FRANKFURT, Sept 14 (Reuters) – Euro zone inflation could turn out higher than already elevated projections and the development of natural gas and power prices is becoming a key concern, European Central Bank policymaker Peter Kazimir said on Monday. The ECB raised…...
Morning Bid: Shipping oil gets ever harder, costlier
12+ hour, 23+ 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
12+ hour, 36+ 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…...
Samsung, SK Hynix reject KEPCO’s $19 billion power prepayment proposal, document shows
14+ hour, 9+ 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
14+ hour, 7+ 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
16+ hour, 27+ 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
18+ hour, 10+ 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…...
View: Everyone expects two AI blocs. The Gulf is betting on both
17+ hour, 36+ min ago (286+ words) Saudi Arabia is building enormous AI infrastructure, partnering with US firms and using American chips — AWS alone has committed $5.3 billion to data centers in the kingdom. Yet at Riyadh’s LEAP conference this month, state-backed HUMAIN unveiled Arabic technology built on…...
Red-Green bloc leads in SVT exit poll
21+ hour, 43+ min ago (89+ words) The red-green parties are bigger than the Tidö parties in SVT's polling station survey. This race tightened in the last week or so, but it looks like the opposition parties won. Left of center + Center bloc Social Democrats 28.4, Left 8.0, Center…...
Nepal tunnel survivor finds solace in village homecoming
1+ day, 2+ hour ago (447+ words) TILATHI KOILADI, Nepal, Sept 13 (Reuters) – After nine days trapped in a hydropower tunnel and a week of hospital care following his dramatic rescue, Sanjay Sah, a rare survivor of last month’s devastating glacier collapse in Nepal, finally returned to his…...