Reuters Financial News
17.08 / 04:47
UPS
Lowe's
Reuters
Gap
show
Support
Chinese yuan
Asia FX dips on Fed concerns, Chinese yuan sees intervention support
Investing.com-- Most Asian currencies fell on Thursday after the minutes of the Federal Reserve’s July meeting presented a hawkish outlook on interest rates, while the Chinese yuan rose amid reports of currency market intervention by the state.
17.08 / 02:35
17.08 / 02:17
COST
Reuters
Strategy
US Steel proposes new offer to ArcelorMittal, may reverse retreat from US: Report
Indian steel magnate Lakshmi Mittal's company ArcelorMittal SA may not have to retreat from the US as US Steel Corp has reportedly proposed a new offer to the company. According to a report by Reuters, ArcelorMittal, which is the world's second-largest steelmaker, is also considering the offer by US Steel. Mittal is discussing a possible offer with its investment bankers, and there is no certainty that it will press ahead with it, Reuters mentioned adding sources.
17.08 / 02:17
Reuters
Progressive
NIFTY
SENSEX
Fitch
show
5 things that changed for market overnight: Gift Nifty, US Fed minutes to global market cues for Sensex today
Sensex and Nifty closing marginally higher. “The market has been witnessing pressure on account of weak global cues especially because of the faltering of the Chinese economy and Fitch's warning to downgrade US midsized banks. Even on the domestic front sharp surge in inflation data and weak monsoon progress in the month of August 2023 seems to have dented the investor's sentiments," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
17.08 / 02:17
Reuters
Moodys
Celebrity
‘Inflation Reduction Act creates jobs, shifts Production to US’, says President Joe Biden
On the occasion of the first anniversary of the Inflation Reduction Act (IRA)-a legislative attempt to combat the climate crisis, President Joe Biden hailed the bill, saying the legislation already created 170,000 clean energy jobs and will create some 1.5 million jobs over the next decade. The president added that the legislation has shifted the production of critical components away from China and into the United States. "We are building here and sending over there," Biden said.
17.08 / 02:17
Citi
Reuters
Platform
Mobile
Apple
ByteDance
TikTok
New York City bans TikTok on govt devices over security concerns: Report
TikTok’ on government-owned devices due to security concerns, joining a number of US cities in it, according to a report published by the news agency Reuters. In an official statement, the administration of New York City Mayor Eric Adams said, “TikTok posed a security threat to the city's technical networks." The agencies are required to remove the application within 30 days and employees will lose access to the app and its website on city-owned devices and networks. The City has already banned TikTok on state-issued mobile devices, Reuters reported.
17.08 / 02:17
Citi
Waves
Reuters
Mobile
Enterprise
Highways
Canada: Massive wildfire threatens capital of Northwest Territories, thousands forced to evacuate
A massive wildfire in northern Canada is approaching the capital of the Northwest Territories and could reach Yellowknife's outskirts by the weekend if rains doesn't come. This year, Canada is facing its worst wildfire season ever, with over 1,000 active fires, including 230 in the Northwest Territories. Thousands have evacuated from remote communities, and the hamlet of Enterprise near Alberta was almost entirely destroyed by a recent blaze, a Reuter report cited Northwest Territories Premier Caroline Cochrane urged people to remain calm and cautioned that highways could close suddenly because of the fire risk.
17.08 / 01:21
UPS
Reuters
Progressive
Continental
show
country
BRICS nations to meet in South Africa seeking to blunt Western dominance
BRICS leaders meet in South Africa next week to discuss how to turn a loose club of nations accounting for a quarter of the global economy into a geopolitical force that can challenge the West's dominance in world affairs. Russian President Vladimir Putin, who faces an international arrest warrant over alleged war crimes in Ukraine, will not join leaders from Brazil, India, China and South Africa amid rifts over whether to expand the bloc to include dozens of «Global South» nations queuing up to join.
17.08 / 01:13
Provident
Twitter
Reuters
Platform
Highways
cover
social
Disaster
US President
Hawai Wildfires: US President Joe Biden to visit Maui disaster site with aid in hand
Reuters, the fires, which ravaged a significant portion of the Maui resort town of Lahaina last week, resulted in a tragic loss of 110 lives. During the visit, Biden will personally witness the extent of the damage and hold discussions with first responders, survivors, and various governmental representatives at the federal, state, and local levels, The White House said in a statement. "I remain committed to delivering everything the people of Hawaii need as they recover from this disaster," Biden said in a post on the social media platform X, previously known as Twitter.
17.08 / 00:35
COST
UPS
Citi
Reuters
Booking
restrictions
Panama Canal extends transit restrictions through Sept. 2
By Elida Moreno and Marianna Parraga
17.08 / 00:21
16.08 / 23:21
Reuters
Progressive
Mobile
show
US FDA approves French drugmaker Ipsen's rare bone disorder drug
By Bhanvi Satija and Sriparna Roy
16.08 / 21:29
16.08 / 21:29
16.08 / 19:51
16.08 / 17:59
FIVE
Reuters
Ford
CEO
Tesla
Highways
Texas approves plan to mandate Tesla tech for EV chargers despite opposition
Texas on Wednesday approved its plan to require companies to include Tesla's technology in electric vehicle (EV) charging stations to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors. The decision by Texas — the biggest recipient of a $5 billion program meant to electrify U.S. highways — is being closely watched by other states and is a step forward for Tesla CEO Elon Musk's plans to make its technology the U.S.
16.08 / 16:59
UPS
Reuters
Platform
Tesla
show
Inside
X account
elon
NYU professor claims his X account locked after snubbing Elon Musk
Elon Musk, reported Insider. Galloway said, "A mutal friend reached out and said Elon feels 'unfairly attacked,' by me, and wants to meet," Galloway posted on Threads. "I declined." Galloway said that two days later he could no longer access his X account, which has over half-a-million followers.
16.08 / 16:59
Reuters
Airlines
Maui wildfire: Lahaina residents feeling outraged as tourists enjoy holiday amid rising death toll
Reuters, authorities and businesses have welcomed the trickle of travelers, saying it will lessen the blow to the island's economy, which relies heavily on tourism. The tourism industry is Maui's “economic engine", generating 80% of its wealth, said the report citing the island's economic development board.
16.08 / 15:47
Provident
Reuters
Digital
VISA
MasterCard
exclusive
pricing
Visa’s pricing of token technology under DOJ probe: report
Visa is under fresh investigation by the US Department of Justice over allegations it is charging retailers more for not using the payment firm's proprietary tokenization technology, Bloomberg News reported on Wednesday, citing people familiar with the matter. The DOJ's antitrust probe against Visa, which began in early 2021, is investigating if the company uses anticompetitive practices in the debit card market.
16.08 / 14:43
Reuters
cover
India’s no. 2 tycoon may avoid stepping on rival’s toes
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.
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