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China’s state iron ore buyer offers BHP cargoes for sale amid ban fears

(Reuters) -Several cargoes of BHP iron ore were put up for sale in China on Thursday and at least one was sold to a local trader, potentially defusing concerns in Australia that Beijing had imposed a ban on iron ore sales from the world’s ...
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German banks turn to US financial firm BNY for international money transfers

By Tom Sims HANAU, Germany (Reuters) -Germany’s savings banks are turning to a leading U.S. financial firm to help customers with international payments, a move aimed at fending off upstart low-cost competitors that has raised concerns over the sovereignty of Europe’s financial services. The banks, or ...
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Take Five: The perils of politics

(Reuters) -Political turmoil in France and Japan looms large over markets as U.S. banks kick off the latest earnings season, while the government shutdown drags on and policymakers gather in Washington for the IMF and World Bank annual meetings.  Here’s your week ahead from Rae ...
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Levi Strauss slips as tariff-related costs weigh on forecast

-Levi Strauss’s shares slipped 7.7% in premarket trading on Friday after the denim maker’s annual profit forecast failed to meet investor expectations, as tariff-linked costs outweighed strong demand for wide-leg denims in Europe and the Americas. The company, which capitalised on the resurgence of baggy, loose-fit ...
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US tariffs a drag on EU confidence, jobs, ECB study finds

FRANKFURT (Reuters) -Only a small minority of euro zone workers fear that U.S. tariffs will jeopardise their jobs but that could still create a drag for an already sluggish economy, European Central Bank researchers wrote in a blog post on Friday. The Trump administration imposed ...
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Citing unease over graft, Japan’s Komeito leaves the longstanding ruling coalition headed by the LDP

TOKYO (AP) — The head of Japan’s Komeito says it is leaving the ruling coalition headed by the Liberal Democratic Party due to concerns over corruption. The decision announced Friday by Komeito leader Tetsuo Saito deals a serious blow to the Liberal Democrats, who last ...
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Stellantis’ third-quarter shipments rise 13%, led by North America

MILAN (Reuters) -Stellantis said on Friday its global vehicle shipments rose 13% year-on-year in the third quarter, led by new models and North American demand, in a sign of business recovery after several quarters of declining sales. The French-Italian-American automaker estimated it shipped a total ...
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China hits back at US ships with additional port fees

BEIJING (Reuters) -Vessels owned or operated by U.S. firms and individuals – or those built in the United States or that fly the U.S. flag – will be charged additional port fees per voyage starting on October 14, China’s transport ministry said. The fees ...
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Greece seeks to finalise Chevron gas exploration contract this year, says minister

ATHENS (Reuters) -Greece is working hard to finalise a contract with U.S. oil major Chevron and its Greek partner Helleniq Energy for energy exploration offshore Greece by the end of the year, the country’s energy minister said on Friday. Chevron and Greece’s biggest oil refiner ...
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Papa John’s puts India on priority list with vegetarian fare, executives say

By Praveen Paramasivam (Reuters) -Papa John’s International is placing India among its priority markets globally and tailoring its offerings to local tastes with its maiden majority-vegetarian menu, executives said, in a move the U.S. pizza chain expects will fuel long-term growth. The world’s third-largest pizza delivery ...
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Malaysia says removing chip tariff exemption could harm competitiveness, U.S. supply chains

KUALA LUMPUR (Reuters) -Malaysia warned on Friday that any removal of tariff exemptions on its semiconductor exports by the United States could hurt its competitiveness and strain supply networks, according to a government report.  President Donald Trump’s administration in August imposed a tariff of 19% ...
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Analysis-Soaring fund manager pay cost Eisler Capital dear

By Nell Mackenzie LONDON (Reuters) -Eisler Capital’s decision to close its flagship multi-strategy hedge fund as soaring staff costs eroded trading profit exposes the difficulty London-based funds face when trying to grow rapidly and replicate bigger, entrenched U.S. players, investors and industry insiders say. They warn ...
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