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European shares muted as tech slides, oil surge weighs
7+ hour, 14+ 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
9+ hour, 32+ 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, 11+ 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
10+ hour, 24+ 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
11+ hour, 57+ 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, 15+ 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
15+ hour, 58+ 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…...
Nepal tunnel survivor finds solace in village homecoming
1+ day, 34+ min 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…...
China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
1+ day, 3+ 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, 5+ 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…...