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European shares muted as tech slides, oil surge weighs
7+ hour, 55+ min ago (204+ words) Sept 14 (Reuters) – European shares were subdued on Monday as technology stocks fell after executives at leading AI companies called for a slower pace of development, while another surge in oil prices dampened broader risk appetite. The pan-European STOXX 600 was little…...
BOJ executive saw need for vigilance to ‘non-linear’ inflation spikes
10+ hour, 13+ min ago (380+ words) TOKYO, Sept 14 (Reuters) – Japan saw inflation spike due to rising import costs and currency shocks, suggesting such price reactions needed to factor into monetary policy considerations, a central bank official was quoted as saying in conference notes released on Monday....
Morning Bid: Shipping oil gets ever harder, costlier
10+ hour, 51+ 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
11+ hour, 5+ 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
12+ hour, 37+ 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…...
Dollar steady, yen near 7-month high ahead of Fed, BOJ meetings
14+ hour, 56+ 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
16+ hour, 39+ 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…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
1+ day, 4+ hour ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Israeli strike kills two people in Gaza, medics say
1+ day, 6+ hour ago (220+ words) CAIRO, Sept 13 (Reuters) – An Israeli airstrike on Sunday killed at least two Palestinians in a vehicle and wounded 13 others in the Gaza Strip, medical staff said. The strike in the Tel Al-Hawa neighbourhood in western Gaza City, left the vehicle…...
Russia hits Ukrainian-Polish border area, Kyiv says
1+ day, 6+ hour ago (191+ words) KYIV, Sept 13 (Reuters) – A Russian drone struck near the Ukrainian-Polish border in the small town of Yahodyn overnight, Ukraine’s Foreign Minister Andrii Sybiha said on Sunday. The minister corrected his earlier statement saying the drone struck on the border crossing…...