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Swedes vote in election that could usher far right into government
1+ hour, 55+ min ago (584+ words) By Simon Johnson and Niklas Pollard STOCKHOLM, Sept 13 (Reuters) – Swedes vote in an election on Sunday that will either bring a far-right party into government for the first time or shift the country back towards the liberalism it has long…...
JPMorgan cut off Situational Awareness lending after AI losses, FT reports
1+ day, 4+ hour ago (87+ words) Sept 11 (Reuters) - JPMorgan Chase cut off its lending activity for Leopold Aschenbrenner's hedge fund Situational Awareness after large losses tied to his AI bets, the Financial Times reported on Friday. (Reporting by Utkarsh Shetti... JPMorgan cut off Situational Awareness lending…...
Japan to maintain close communication with US on currency markets, Katayama says
1+ day, 23+ hour ago (130+ words) TOKYO, Sept 11 (Reuters) – Japanese Finance Minister Satsuki Katayama said on Friday that the government will continue to closely communicate with the United States to ensure orderly foreign exchange markets. “Our policy stance has not changed at all since Japan and…...
Dollar holds gains, yen slips as Mideast energy shock deepens
2+ day, 50+ min ago (522+ words) SINGAPORE, Sep 11 (Reuters) – The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle…...
Europe drives global EV sales growth in August, offsetting China, North America weakness
2+ day, 2+ hour ago (187+ words) Sept 11 (Reuters) – Global demand for electric vehicles rose for a sixth consecutive month in August, with Europe leading the growth, data from UK-based research firm Benchmark Mineral Intelligence showed on Friday. Sales of battery-electric and plug-in hybrid vehicles show growing…...
Texas Stock Exchange captures first primary equity market listings from NYSE
2+ day, 4+ 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…...
Rocket maker Avio’s first-half core profit grows as US growth comes into focus
2+ day, 9+ hour ago (198+ words) Sept 10 (Reuters) – Italian rocket maker Avio said on Thursday its first-half adjusted core earnings rose 7.3% from a year earlier, as it pursues its expansion in the United States and ramps up launcher production. Avio is currently setting up a solid…...
ECB governors see more tightening ahead with October in play
2+ day, 9+ hour ago (174+ words) FRANKFURT, Sept 10 (Reuters) – European Central Bank policymakers expect further policy tightening in the months ahead to fight a war-fuelled rise in inflation and could move again as soon as October, two sources told Reuters. The ECB raised borrowing costs on Thursday…...
JD.com’s Ceconomy concessions face criticism from rivals, sources say
2+ day, 10+ hour ago (210+ words) BRUSSELS, Sept 10 (Reuters) – JD.com’s concessions to ease EU subsidy concerns about the Chinese e-commerce giant’s $2.5 billion purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters. They said the European Commission,…...
Portuguese group D3 sues Meta, TikTok and YouTube over addictive design
2+ day, 10+ hour ago (287+ words) LISBON, Sept 10 (Reuters) – Portuguese digital rights group D3 has filed lawsuits against Facebook, Instagram, TikTok and YouTube, accusing them of designing features in their platforms that keep users hooked, it said on Thursday. The four collective actions, which allow associations to…...