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Dollar soft as possible US shutdown, jobs report delay hurt sentiment

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar was on the back foot on Tuesday in cautious trading as investors braced for a possible U.S. government shutdown that would halt economic data releases including the crucial jobs report later this week. Government funding will ...
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China factory activity shrinks for a sixth month in September, PMI shows

BEIJING (Reuters) -China’s manufacturing activity shrank for a sixth month in September, an official survey showed on Tuesday, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal. The official purchasing managers’ index (PMI) rose ...
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Singtel says Optus CEO needs time to fix issues after emergency call outages

SYDNEY (Reuters) -Optus’s CEO will need more time to turn around the embattled telecom carrier, the boss of its parent Singapore Telecommunications, who is in Australia to confront the fallout from outages of its emergency call services, said on Tuesday. The back-to-back outages, which happened ...
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Wolfspeed exits Chapter 11 bankruptcy, slashes debt and interest costs

(Reuters) -Chipmaker Wolfspeed said on Monday it has exited Chapter 11 bankruptcy after cutting its total debt by nearly 70% and lowering annual cash interest expense by roughly 60%. The company said it has sufficient liquidity to continue supplying customers with silicon carbide-based chips. Wolfspeed ...
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Japan August factory output falls 1.2% month-on-month

TOKYO (Reuters) -Japan’s factory output fell 1.2% in August from the previous month, worse than a median market forecast for a 0.8% fall, government data showed on Tuesday. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect seasonally adjusted output to grow ...
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Exclusive-Ford, GM launch programs to extend use of $7,500 EV lease credit

By Mike Colias DETROIT (Reuters) -Ford and General Motors are racing to sign up car dealers for programs that would effectively extend the use of a $7,500 U.S. tax credit on leases of electric vehicles beyond the Tuesday expiration of the federal subsidy, according to ...
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Oil falls as OPEC+ plans to further increase output

By Anjana Anil (Reuters) -Oil prices fell on Tuesday as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq’s Kurdistan region via Turkey reinforced the outlook for a looming supply surplus. Brent crude futures for November delivery, expiring on Tuesday, fell ...
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Exclusive-Labubu-maker Pop Mart learns from Disney to capitalise on toy’s viral success

By Casey Hall and Sophie Yu SHANGHAI (Reuters) -China’s Pop Mart is borrowing from Disney’s playbook to turn toothy monster Labubu’s blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. Pop Mart has already done what many thought ...
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More people cutting coffee consumption in 2nd-largest market Brazil, study shows

By Roberto Samora SAO PAULO, Sep 29 (Reuters) -More Brazilians have reduced their coffee consumption, according to a bi-annual study carried out with over 4,000 people in Latin America’s largest economy reported on Monday. WHY IT’S IMPORTANT Brazil, the world’s largest coffee producer, is also the second ...
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Verizon in talks to buy EchoStar wireless spectrum, Bloomberg News reports

(Reuters) -U.S. telecom company Verizon Communications is in discussions with EchoStar about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter. The discussions involve the satellite communications firm’s AWS-3 licenses, valuable for carrying 5G wireless signals, the ...
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Airlines warn US government shutdown may slow flights

By David Shepardson WASHINGTON (Reuters) -U.S. airlines warned on Monday that a partial federal government shutdown could strain American aviation and slow flights, as air traffic controllers and security officers would be forced to work without pay and other functions would be halted. Airline trade group ...
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Analysis-South Korea’s booming used car exports cushion impact of US tariffs

By Ju-min Park INCHEON, South Korea (Reuters) -From the muddy grounds of a former amusement park on South Korea’s coast, tens of thousands of vehicles are being packed for shipment overseas as booming used car exports help to mitigate the impact of U.S. tariffs on ...
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