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Wall Street futures ease slightly, indexes set for weekly gains

(Reuters) -Wall Street futures were subdued on Friday after the three main U.S. indexes hit record highs in the previous session, packing up a week of economic data that did not temper expectations of interest rate cuts from the Federal Reserve. Wall Street on Thursday ...
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Lebanon licenses Elon Musk’s Starlink for satellite internet services

BEIRUT (AP) — Lebanon has granted a license to Elon Musk’s Starlink to provide satellite internet services in the crisis-hit country known for its crumbling infrastructure. The announcement was made late Thursday by Information Minister Paul Morcos who said Starlink will provide internet services throughout ...
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The late Italian fashion designer Giorgio Armani instructs heirs to sell 15% of his empire

MILAN (AP) — After a lifetime of spurning would-be business suitors, the late Italian designer Giorgio Armani instructed his heirs to sell a 15% minority stake in his vast fashion empire, with priority to the French conglomerate LVMH, the eyewear giant Essilor-Luxottica or the ...
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South Korean workers released after days of detention in Georgia return home

INCHEON, South Korea (AP) — More than 300 South Korean workers detained in an immigration raid in the United States last week were brought back home on a charter plane on Friday. They were among about 475 people detained during the Sept. 4 immigration raid ...
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China investors seen looking past Cambricon index rebalance, staying bullish on AI

By Li Gu and Jiaxing Li SHANGHAI/HONG KONG (Reuters) -Investors are expected to remain hungry for China’s Cambricon shares, with a looming reshuffle in a key tech index that could lead to over $1 billion worth of passive selling unlikely to shake their confidence in ...
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Asian shares track Wall Street rallies as a US interest rate cut next week looks more certain

MANILA, Philippines (AP) — Asian shares rose on Friday, tracking Wall Street’s record-setting run the previous after a mixed set of U.S. data bolstered expectations that the Federal Reserve will cut interest rates to boost the economy. Japan’s Nikkei 225 set another intra-day high, rising ...
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How government debt stress could roll across world markets

By Naomi Rovnick LONDON (Reuters) -Escalating fears about government finances everywhere from Britain to Japan have so far been contained mostly within bond markets, but big investors are preparing for stress to spread across assets from big tech to housing and currencies. Budget-driven tumult in ...
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Morning Bid: Markets to Fed: We’ll take five to go, please

(Reuters) -A look at the day ahead in European and global markets from Wayne Cole. Well, that was a relief. U.S. CPI was on the firmer side but not so much that you’d notice. Some of the prices that feed into core PCE were surprisingly ...
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Analysis-China caught in policy dilemma as Fed rate cut looms

By Kevin Yao BEIJING (Reuters) -As the U.S. Federal Reserve gears up for an expected rate cut next week, China’s central bank is likely to resist a near-term easing in policy as it grapples with a dilemma: how to shore up a weak economy without ...
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US, Japan reaffirm FX commitments, leave room for interventions

By Makiko Yamazaki and Leika Kihara TOKYO (Reuters) – The United States and Japan reaffirmed their commitment to “market determined” exchange rates, while agreeing that foreign exchange interventions should be reserved for combating excess volatility, according to a joint statement released ...
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Oil prices extend losses on oversupply, US demand concerns

By Sam Li and Lewis Jackson (Reuters) -Oil prices edged lower on Friday after big falls in the last session over concerns about possible softening of U.S. demand and broad oversupply that offset worry about supply disruption from conflict in the Middle East and war in Ukraine. Brent crude futures fell ...
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Asian markets ride the Fed easing cycle to record peaks

By Wayne Cole SYDNEY (Reuters) -Asian share markets followed Wall Street higher on Friday as the growing prospect of several more U.S. rate cuts promised to lower borrowing costs globally, a relief to stressed bond markets and a drag on the dollar. Indexes in Japan, South ...
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