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Explainer-Armani after Giorgio Armani: key details of his will

MILAN (Reuters) -Giorgio Armani, who died last week aged 91, surprised the fashion world by instructing his heirs to gradually sell the empire he had set up in his 50-year long career.  Like everything he did – from the broad company strategies to the models’ ...
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Bank of Canada to cut rates on September 17, at least one more to follow this year: Reuters poll

By Indradip Ghosh BENGALURU (Reuters) -The Bank of Canada will cut its overnight rate by a quarter point on September 17 as the labour market deteriorates and economic activity weakens, according to most economists in a Reuters poll, who also expect at least one more ...
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Microsoft resolves European Union probe into Teams

LONDON (AP) — European Union regulators have accepted Microsoft’s proposed changes to Teams, resolving a long-running antitrust investigation that targeted the company’s messaging and videoconferencing app. The European Commission said in a statement Friday that Microsoft’s final commitments to unbundle Teams from its Office software ...
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Investors seek Fed’s view of shaky labor market as rate cut looms

By Lewis Krauskopf NEW YORK (Reuters) -Investors will look for the Federal Reserve to communicate how worried it is about the flagging U.S. labor market at its meeting next week and they expect the central bank to cut interest rates for the first time in ...
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Sabadell’s board tells shareholders to reject BBVA’s hostile takeover bid

By Jesús Aguado MADRID (Reuters) – Spanish bank Sabadell’s board unanimously recommended its shareholders reject BBVA’s hostile takeover bid on Friday, a move that may add pressure on the rival to increase its offer. BBVA formally launched its 15.3 billion euro ($17.97 ...
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Morgan Stanley expects Fed to cut rates in all three meetings in 2025

(Reuters) -Morgan Stanley said on Friday it expects the U.S. Federal Reserve to cut interest rates in all three of its meetings this year, after data showed U.S. consumer prices increased by the most in seven months in August. The brokerage previously forecast two 25 ...
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Australian critical minerals companies head for Washington

MELBOURNE (Reuters) -More than 20 Australian critical minerals companies including Trafigura unit Nyrstar will head to the U.S. next week to explore areas for collaboration, four sources familiar with the matter told Reuters. The delegation led by the Australian Trade and Investment Commission (Austrade) will ...
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EU aluminium producers push for 30% scrap export levy

BRUSSELS (Reuters) -The European Union’s aluminium sector is urging the European Commission to impose duties of around 30% on exports of scrap metal to stop it flooding out of the bloc and leaving domestic producers short. EU aluminium scrap exports hit a record 1.26 million ...
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South Korea says to provide clear visa guidelines for its companies operating in US

By Ju-min Park SEOUL (Reuters) – South Korea’s top security adviser Wi Sung-lac said on Friday that the government would talk to U.S. officials in order to provide clear visa guidelines for Korean companies operating there and to ease concerns for ...
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Fed’s fear meter may be pointing to stagnation, rather than stagflation

By Howard Schneider WASHINGTON (Reuters) -Federal Reserve officials, already expected to cut interest rates next week, may also be closer to settling a months-long debate over the risks of stagflation after recent data showed longstanding weakness in hiring and easing inflation concerns. The shift in tone ...
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China’s Xpeng to recall 47,490 P7+ electric cars over potential steering assist failure

BEIJING (Reuters) -Chinese electric carmaker Xpeng will recall 47,490 P7+ electric sedans from Sept. 15 due to a potential steering assist failure, the Chinese market regulator said in a statement on Friday. Loose wire connections in the power steering assist sensors of the affected cars ...
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Analysis-Wall Street braces for quarter-end liquidity stress in money markets

By Gertrude Chavez-Dreyfuss and Davide Barbuscia NEW YORK (Reuters) -A surge in U.S. Treasury bill issuance in recent months has reduced liquidity in the financial sector, stoking investor concerns that funding markets could face a September squeeze. That could create ripple effects through markets by ...
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