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Britain’s Treasury chief prepares the ground for a tax-hiking budget

LONDON (AP) — U.K. Treasury chief Rachel Reeves on Tuesday signaled she will raise taxes in her budget this month, arguing that the economy is sicker than the government knew when it took office last year. Reeves gave a highly unusual speech, three weeks before ...
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Embraer’s quarterly net profit slips, maintains full-year outlook

SAO PAULO (Reuters) -Brazilian planemaker Embraer on Tuesday posted a third-quarter adjusted net income of $54.4 million, down from $221 million a year earlier, citing a hit from extraordinary items such as deferred taxes and results from electric aircraft unit Eve. Embraer’s third-quarter revenue hit ...
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Morgan Stanley CEO warns of market heading towards correction

(Reuters) -Morgan Stanley CEO Ted Pick on Tuesday cautioned that the global equity markets could be heading towards a correction. “We should welcome the possibility that there would be drawdowns, 10% to 15%, that are not driven by some sort of macro cliff effect,” ...
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LNG shipping rates hit multi-month highs on tighter vessel availability, winter demand

By Emily Chow SINGAPORE (Reuters) -Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said. The price gains amplify competition for available LNG carriers, reversing the trend of ...
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Analysis-Amazon’s $38 billion OpenAI deal shows it is no longer an AI laggard

By Harshita Mary Varghese and Kritika Lamba (Reuters) -Amazon’s $38 billion cloud deal with OpenAI marks a major endorsement for the e-commerce giant’s cloud business after recent setbacks, including ceding market share to rivals and an outage that disrupted large parts of the internet. After years ...
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China blames Netherlands for chip supply tensions amid Nexperia standoff

HONG KONG (AP) — China’s Commerce Ministry said Tuesday that the Netherlands has caused “chaos” in the semiconductor supply chain that could threaten global auto production, even after Beijing allowed Nexperia’s Chinese unit to resume exports of its computer chips. China had blocked shipments of ...
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Grab Holdings beats quarterly revenue estimates

(Reuters) -Grab Holdings beat analysts’ expectations for third-quarter revenue on Monday, helped by robust consumer spending on ride-hailing and food-delivery services as its platform expansion draws in more users. Shares of the Singapore-based tech firm were up around 2% in extended trading. The company reported revenue ...
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Air Lease Corp profits rise in third quarter ahead of acquisition by investor-led group

By Nandan Mandayam and Dan Catchpole (Reuters) -Aircraft lessor Air Lease reported higher third-quarter profit on Monday, helped by resilient aircraft rental revenue. Air Lease posted net profit of $135.4 million, or $1.21 per diluted share, in the July-September quarter, beating the year-ago period’s $0.82 per ...
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Kimberly-Clark’s $50 billion leap into health and beauty tests investor faith

By Jessica DiNapoli and Abigail Summerville NEW YORK (Reuters) -Kimberly-Clark’s nearly $50 billion offer for Tylenol maker Kenvue is a risky bet that the world’s biggest consumer market, the United States, will keep growing even as lower-income shoppers trim their budgets, according to analysts. The cash-and-stock ...
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Coterra Energy misses quarterly profit, raises 2025 production forecast

(Reuters) -Oil and gas firm Coterra Energy missed Wall Street estimates for third-quarter profit on Monday, as lower oil prices offset a jump in production, but raised its annual production forecast. Shares of the company were down 3% at $23.66 in after-market trading. U.S. President Donald ...
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Simon Property Group raises annual real estate FFO forecast on resilient leasing demand

(Reuters) -Commercial real estate investment trust Simon Property Group raised full-year forecast for real estate funds from operations on Monday, driven by resilient leasing demand across its shopping centers. The mall operator, which counts LVMH, the luxury conglomerate behind Louis Vuitton and Tiffany & Co, ...
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Exxon explores more refinery upgrades as it hones in on higher-value products

By Sheila Dang HOUSTON (Reuters) -After starting up operations at four new refining and chemicals initiatives this year, Exxon Mobil is surveying more opportunities to revamp other sites, an executive told Reuters in a recent interview. The projects form what Exxon CEO Darren Woods has described ...
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