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Occidental to sell OxyChem unit to Berkshire for $9.7 billion

(Reuters) -Occidental Petroleum said on Thursday it would sell its petrochemical division to Warren Buffett’s Berkshire Hathaway for $9.7 billion, as the U.S. oil and gas producer looks to pare debt. The sale of the OxyChem unit, which produces chemicals used for treating swimming pools ...
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Private markets brace for cycle test, Asia exits remain tight

By Yantoultra Ngui and Jun Yuan Yong SINGAPORE (Reuters) -The boom in private credit and private equity is poised for a reality check as an untested credit cycle collides with fragile exit routes in Asia’s public markets, two senior investment executives said at ...
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Stellantis, Volvo Cars shares rise as US sales defy tariff fears

By Marie Mannes STOCKHOLM (Reuters) -Shares in European automakers Volvo Cars and Stellantis jumped on Thursday after stronger than expected U.S. sales figures helped ease concerns that tariffs might dent demand. Investors have been bracing for a slowdown in U.S. car buying due to higher import ...
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Morning Bid: Fed, pharma and tech lift world markets

By Mike Dolan LONDON (Reuters) -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets With the U.S. government still shut down and China on holiday, world markets lapped up Federal Reserve easing speculation and European stocks hit record highs – riffing ...
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Czech billionaire Kretinsky to sell Thyssenkrupp steel stake as JV plans falter

FRANKFURT (Reuters) -Czech billionaire Daniel Kretinsky is selling his 20% stake in Thyssenkrupp’s steel unit and also scrapped plans for a 50:50 joint venture for the business, both parties said in a joint statement, paving the way for a possible deal with Jindal Steel. The ...
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Chilean wines boom in Brazil as tariffs dampen US demand

SANTIAGO (Reuters) -Chile’s wine exports to its top market of Brazil are booming, helping to offset a decline in sales to United States partly due to tariffs, according to export data and industry experts.  Data from Wines of Chile, an association of wine producers, ...
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S&P 500, Nasdaq futures climb on renewed rate-cut optimism

(Reuters) -Futures tied to the S&P 500 and the Nasdaq indexes rose early on Thursday, a day after weaker-than-expected private payrolls data bolstered hopes for interest rate cuts, while traders braced for a data-light session due to the U.S. government shutdown. Investors remain sensitive to ...
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Shares of credit bureaus fall as FICO rolls out direct mortgage score licensing

(Reuters) -Shares of major credit reporting companies tumbled on Thursday after U.S. data analytics company Fair Isaac Corp unveiled a program that allows mortgage resellers to calculate and distribute its creditworthiness score directly to consumers. This could pressure earnings and margins of three main U.S. ...
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US banks expect victory in capital requirements as Trump regulators revamp rules

By Lananh Nguyen, Nupur Anand, Pete Schroeder and Tatiana Bautzer WASHINGTON (Reuters) -As President Donald Trump’s regulators revamp bank rules, big lenders expect their capital requirements could fall, in a stunning victory for the industry which faced a big hike under former President Joe Biden, ...
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Analysis-Prolonged US government shutdown could raise market risks 

By Lewis Krauskopf NEW YORK (Reuters) -Investors have anticipated for weeks the risks of a U.S. government shutdown to markets. Now that it is here, they are hoping it will be brief. A shutdown that lasts at least several weeks could cause confusion about the Federal ...
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Asian shares track Wall St’s rise as tech shares advance and investors shrug off the US shutdown

MANILA, Philippines (AP) — Asian shares advanced on Thursday, tracking Wall Street’s rise to records despite the the shutdown of the U.S. government. Technology shares jumped on expectations of higher demand for computer chips due to a partnership between South Korean tech and OpenAI. ...
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Morning Bid: Darkness falls on dour US jobs market

A look at the day ahead in European and global markets from Kevin Buckland Investors already knew the U.S. labour market needed support, but there is something particularly ominous in the miserable ADP employment report delivered to the market just as the government shutdown ended ...
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