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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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Dollar on back foot as jobless claims firm up Fed rate cut views

By Gregor Stuart Hunter SINGAPORE (Reuters) -The dollar remained under pressure on Friday as a surge in U.S. jobless claims and a modest tick up in inflation kept investors zeroed in on likely Federal Reserve interest rate cuts next week and beyond. The dollar index was ...
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Trump India ambassador nominee touts warm US-India ties, sees tariff deal soon

By Patricia Zengerle and David Brunnstrom WASHINGTON (Reuters) – U.S. President Donald Trump’s nominee to be ambassador to India said on Thursday that Washington and New Delhi are “not that far apart” on tariffs at a hearing in which he and ...
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Analysis-Malaysia reins in data centre growth, complicating China’s AI chip access

By Eduardo Baptista, Ashley Tang and Jun Yuan Yong BEIJING/KUALA LUMPUR/SINGAPORE (Reuters) -Malaysia, a hotspot for data centres, is reining in the pace of expansion in a move industry insiders and analysts expect will hinder China’s efforts to gain access to powerful chips ...
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OpenAI, Nvidia set to announce UK data center investments, Bloomberg News reports

(Reuters) -OpenAI and Nvidia plan to pledge support for billions of dollars in UK data center investments when they head to the country next week at the same time as U.S. President Donald Trump, Bloomberg News reported on Thursday, citing people with knowledge of ...
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Cafe chain Black Rock Coffee Bar raises $294 million in US IPO

(Reuters) -Black Rock Coffee Bar has raised $294 million in its U.S. initial public offering, the cafe chain said on Thursday. (Reporting by Arasu Kannagi Basil and Gnaneshwar Rajan in Bengaluru; Editing by Alan Barona) Brought to you by www.srnnews.com
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Hyundai battery plant faces at least 2-3 month startup delay following raid, CEO says

By Nora Eckert DETROIT (Reuters) -A battery plant co-owned by Hyundai Motor is facing a minimum startup delay of two to three months following an immigration raid last week, Hyundai CEO Jose Munoz said on Thursday.  The Georgia plant, which is operated through a joint venture ...
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Blackstone-backed Legence raises $728 million in US IPO

(Reuters) -Engineering and maintenance services provider Legence raised $728 million in its U.S. initial public offering on Thursday, adding its name to the string of companies looking to go public amid heightened investor enthusiasm.  The San Jose, California-based company sold 26 million shares priced at ...
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Global EV sales growth slows to 15% in August, research firm says

By Jesus Calero (Reuters) -Global sales of fully electric and plug-in hybrid vehicles grew 15% in August from a year ago, marking the slowest rate since January and reflecting tougher comparatives, market research firm Rho Motion said on Friday. China’s EV sales growth, which averaged ...
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Exclusive-Bessent, Chinese vice premier to meet in Madrid next week on trade, TikTok

WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent plans to with Chinese Vice Premier He Lifeng and other senior officials next week in Madrid to continue their discussions on trade, economic and national security issues, the Treasury said on Thursday. The meetings, which will also cover ...
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With Hyundai raid, Trump’s immigration crackdown runs into his push for foreign investment

WASHINGTON (AP) — President Donald Trump’s push to revitalize American manufacturing by luring foreign investment into the U.S. has run smack into one of his other priorities: cracking down on illegal immigration. Hardly a week after immigration authorities raided a sprawling Hyundai battery plant in ...
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