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S&P 500 futures hit record high ahead of inflation data; Oracle jumps

(Reuters) -Futures tied to the S&P 500 touched a record high on Wednesday, driven by a surge in cloud firm Oracle, as investors awaited producer prices data due later in the day for insights into U.S. inflation. Oracle soared nearly 29% in premarket trading after ...
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Swiss voters backing new EU deal 2-1 after U.S. tariff shock: survey

ZURICH (Reuters) -A clear majority of Swiss voters support a new deal that deepens the country’s economic ties with the European Union following the shock and uncertainty caused by U.S. tariffs on Switzerland, a survey showed on Wednesday. Published by newspaper Blick, the survey by ...
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Barclays lifts 2025 S&P 500 target for second time in three months

(Reuters) -Barclays on Wednesday raised its 2025 year-end target for the S&P 500 to 6,450 from 6,050, its second in three months, on stronger-than-expected corporate earnings, resilient U.S. economic growth and optimism around artificial intelligence. The British brokerage joins a growing list of global research ...
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Pandora to build new distribution centre in Maryland

COPENHAGEN (Reuters) -Jewellery maker Pandora said on Wednesday it will build a new distribution centre, relocating its current facility to Maryland from Columbia in the United States, to support its expansion into its largest and fastest growing market. “By expanding our operational capabilities, we are ...
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BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth

By Melanie Burton MELBOURNE (Reuters) -Top global miner BHP’s focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53 billion tie-up of Anglo American and Teck Resources, investors and bankers said on Wednesday. London-listed Anglo ...
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Chinese goods redirected to Germany because of U.S. tariffs, researchers say

By Rene Wagner and Maria Martinez BERLIN (Reuters) -Germany is increasing purchases of Chinese goods in several price-sensitive categories as U.S. tariff moves roil global trade flows, according to a study by the Institute for Employment Research IAB seen by Reuters on Tuesday. During the ...
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EU court upholds Meta, TikTok challenges against EU tech fees

BRUSSELS (Reuters) -Europe’s second-highest court on Wednesday upheld challenges by Meta Platforms and TikTok against an European Union supervisory fee imposed on them.(Reporting by Foo Yun CheeEditing by Tomasz Janowski) Brought to you by www.srnnews.com
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Novo Nordisk, maker of obesity drug Wegovy, to cut 9,000 jobs to sharpen focus, meet competition

FRANKFURT, Germany (AP) — Danish pharmaceutical company Novo Nordisk, maker of weight-loss drug Wegovy, said Wednesday it would cut 9,000 jobs, 5,000 of them in Denmark, in order to strengthen the company’s focus on growth opportunities in obesity and diabetes medications. The restructuring, which ...
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Exxon expects EU to sign long-term US gas deals, FT reports

(Reuters) -ExxonMobil expects the European Union to sign multi-decade U.S. gas contracts under its pledge to buy billions of dollars of American energy, the Financial Times reported on Wednesday. The EU in July pledged to buy $750 billion of U.S. energy by 2028 as part ...
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US misses out on billions in China soybean sales midway through peak season

By Ella Cao, Naveen Thukral and Karl Plume BEIJING/SINGAPORE/CHICAGO (Reuters) -U.S. farmers are missing out on billions of dollars of soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill ...
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Australia’s ANZ says markets chief Sidher to leave the bank

By Scott Murdoch SYDNEY (Reuters) -Australian lender ANZ Group said on Wednesday its markets managing director, Anshul Sidher, will leave, in another key executive change under new Chief Executive Nuno Matos. Sidher was at ANZ for 13 years. He was appointed to lead the markets division ...
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Asian shares mostly rise, cheered by Wall Street rally to more records

TOKYO (AP) — Asian shares mostly rose in early Wednesday trading, echoing record rallies on Wall Street after the latest update on the job market bolstered hopes the U.S. Federal Reserve will cut interest rates. Japan’s benchmark Nikkei 225 gained 0.9% to finish at ...
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