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Category: Reuters

  • Dollar claws back losses after Fed goes big on rate cut By Reuters

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    Written by Ray Wee SINGAPORE (Reuters) – The U.S. dollar rose broadly on Thursday, reversing a brief slump following an overly aggressive interest rate cut by the Federal Reserve that was widely priced in by markets. The U.S. central bank on Wednesday began its monetary easing cycle with a larger-than-usual…

  • Waymo in talks with Hyundai Motor to produce self-driving taxis, media report says By Reuters

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    SEOUL (Reuters) – Alphabet Inc’s Waymo is in talks with South Korea’s Hyundai Motor Co to outsource the manufacturing of its self-driving vehicles, South Korea’s Electronic Times reported. Waymo and Hyundai Motor officials have met more than three times to discuss a plan to use Hyundai’s Ioniq 5 electric vehicles…

  • US says Iran emailed stolen Trump campaign material to Biden camp By Reuters

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    Written by Costas Pitas and Kanishka Singh Iranian hackers sent emails containing stolen material from former Republican President Donald Trump’s campaign to people involved in then-Democratic President Joe Biden’s re-election campaign, U.S. agencies said on Wednesday, part of an alleged broader effort by Tehran to influence the U.S. election. “Furthermore,…

  • UAW members at Ford’s River Rouge tool and die unit set strike deadline By Reuters

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    (Reuters) – The United Auto Workers union said on Wednesday it has set a strike deadline at Ford Motor Co’s (NYSE:F) tool and die unit at the River Rouge complex over local contract issues. Ford’s Rouge complex, which employs about 6,000 people, has more than 500 workers in the tooling…

  • Venezuela’s Gonzalez says he was forced to sign letter accepting court ruling of Maduro victory By Reuters

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    CARACAS (Reuters) – Venezuelan opposition leader Edmundo Gonzalez, who ran against President Nicolas Maduro in July’s election, said on Wednesday he was forced to sign a letter accepting a ruling from the country’s highest court that recognized Maduro’s victory. “Either I sign or I face the consequences,” he said in…

  • Exclusive-Commerzbank readies talks with UniCredit but remains defensive By Reuters

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    By John O’Donnell and Tom Sims FRANKFURT (Reuters) – Commerzbank is set to put Chief Financial Officer Bettina Urlaub at the head of talks with UniCredit when the German lender’s supervisory board meets next week as the Italian rival eyes a takeover, two people familiar with the matter said. UniCredit…

  • Amazon names veteran Samir Kumar as new India head By Reuters

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    Written by Sai Ishwarbharat B and Varun Vyas Heppalalu (Reuters) – Amazon.com Inc appointed Sameer Kumar as its new India chief on Wednesday, handing the reins to a 25-year veteran as the e-commerce giant faces stiff competition and regulatory pressure in the country. Kumar was part of the team that…

  • Dollar cedes to yen ahead of Fed decision By Reuters

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    By Tom Westbrook LONDON (Reuters) – The dollar gave up some overnight gains against the yen on Wednesday as investors adjusted positions at the last minute before a policy meeting expected to kick off the U.S. monetary easing cycle. The US Federal Reserve is expected to cut interest rates for…

  • Central European floods leave trail of devastation; new areas to evacuate By Reuters

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    Written by Kuba Steziecki, Janis Laizan and Radovan Stoklasa WROCLAW, Poland/OSTRAVA, Czech Republic (Reuters) – Volunteers and emergency workers raced to secure river banks in Poland’s historic city of Wroclaw on Tuesday as nearby municipalities advised residents to evacuate their homes and authorities across central Europe counted the cost of…

  • BNP Paribas says euro could rise, not fall, if recession hits By Reuters

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    LONDON (Reuters) – The euro could rise against the dollar if a global recession hits, BNP Paribas (OTC:) Markets360 said, marking a break from previous trading dynamics. Sam Linton-Brown, the bank’s head of global macroeconomic strategy, offers a number of reasons behind what he describes as one of the team’s…

  • Instagram rolls out teen accounts with privacy, parental controls as scrutiny mounts By Reuters

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    (Reuters) – Meta Platforms Inc (NASDAQ:MT) is rolling out improved privacy and parental control features for Instagram accounts for users under 18 in a major overhaul aimed at addressing growing concerns about the negative effects of social media. Meta said Tuesday it will automatically move all custom Instagram accounts to…

  • Uber to roll out ‘verified’ rider badge, trip recording features in US By Reuters

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    (Reuters) – Uber Technologies Inc said on Tuesday it will roll out features that will allow its drivers to see “verified” badges on customer profiles and record trips on their smartphones instead of a dashboard camera. This is expected to improve driver safety and comes on the back of Uber’s…

  • Dollar dragged by 50 bps Fed cut wagers By Reuters

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    LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…

  • Midea shares leap 9.5% in Hong Kong debut after $4 billion listing By Reuters

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    By Scott Murdoch and Donny Cook SYDNEY (Reuters) – Midea Group jumped 9.5 percent on its Hong Kong debut on Tuesday after the Chinese home appliance maker raised nearly $4 billion in the city’s biggest share offering in nearly four years, boosting hopes of a rebound in large Chinese issuances.…

  • Central bank digital currency momentum growing, study shows By Reuters

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    By Mark Jones LONDON (Reuters) – A total of 134 countries representing 98% of the global economy are now considering digital versions of their currencies, with nearly half at an advanced stage and pioneers such as China, the Bahamas and Nigeria seeing a resurgence in use. Research by the US-based…

  • Meta bans RT and other Russian state media networks By Reuters

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    By Katie Paul NEW YORK (Reuters) – Facebook Inc’s Meta said on Monday it has banned Russia Today, Rossiya Segodnya and other Russian state media networks from its platforms, alleging the outlets used deceptive tactics to carry out covert influence operations online. The ban represents a sharp escalation in the…

  • London’s high-end property market cools on worries about tax hit By Reuters

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    LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…

  • London’s high-end property market cools on worries about tax hit By Reuters

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    Investor Empires

    LONDON (Reuters) – Demand for London’s most expensive homes slowed last month as high earners worried about the prospect of tax rises from Britain’s new centre-left government, a property data company said on Tuesday. Lonres said property sales in prime central locations in the capital were down 7.5% compared to…

  • Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters

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    By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…

  • VR and AR headsets demand set to surge on AI, lower costs, IDC says By Reuters

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    Global shipments of augmented reality and virtual reality headsets are expected to grow 41.4% in 2025, supported by more affordable devices and the addition of artificial intelligence features, market research firm IDC said on Monday. Why is this important? Global shipments of augmented reality and virtual reality headsets fell 28.1%…