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Oil prices ease as investors await OPEC+ output decision

(Reuters) -Oil prices drifted down in early trading on Friday for the third straight day as investors awaited an OPEC+ meeting this weekend that will consider further output hikes. Brent crude futures fell 23 cents, or 0.3%, to $66.77 a barrel at 0012 GMT, ...
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South Korea assessing impact on autos of Japan trade order signed by Trump, official says

SEOUL (Reuters) -South Korea is assessing the potential impact of U.S. President Donald Trump on Thursday signing an order to implement Japan’s trade deal that includes a lower 15% tariff on autos imported into the U.S., a Seoul trade official said on Friday. The lower ...
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Trump admin ditches Biden-era plan to make airlines pay compensation for flight disruptions

The Trump administration said Thursday it is abandoning a Biden-era plan that sought to require airlines to compensate stranded passengers with cash, lodging and meals for flight cancellations or changes caused by a carrier. The proposed rule would have aligned U.S. policy more closely with ...
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BRB weighs new bid for Master after Brazil central bank blocks deal, source says

By Luciana Magalhaes and Marcela Ayres BRASILIA (Reuters) – Brazilian state-run lender BRB is weighing a fresh proposal for assets of Banco Master, a person familiar with the matter said, after the central bank blocked its initial bid, sending BRB shares ...
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Irth Capital raising assets for constructivist fund, Abbot to lead effort

By Svea Herbst-Bayliss NEW YORK (Reuters) -Irth Capital Management, the global alternative asset management firm that invests in both public and private equity, plans to raise a new investment vehicle with the goal of gently but firmly influencing companies, two sources told Reuters. The new vehicle ...
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Hong Kong’s Fosun to divest stake in Luz Saúde to Macquarie-linked firm

(Reuters) -Hong Kong’s Fosun International said on Friday its unit had agreed to sell a 40% stake in its Portuguese-based hospital operator Luz Saúde, S.A for 310 million euros ($362.92 million) to an entity linked to Australian conglomerate Macquarie Group. ($1 = 0.8542 euros)(Reporting ...
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Trump administration asks Supreme Court to let him fire member of Federal Trade Commission

WASHINGTON (AP) — The Trump administration on Thursday asked the Supreme Court to let the president fire a member of the Federal Trade Commission, the latest in a string of emergency appeals over the president’s removal power. President Donald Trump moved to fire Rebecca ...
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Fed’s Williams sees gradual rate cuts but lets data drive when they’ll happen

By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams said on Thursday a gradual lowering in short-term borrowing costs is likely to happen over time if the economy meets his current forecast of modest gains in unemployment and ...
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Trump signs executive order implementing trade deal with Japan, White House says

(Refiles to change media identifier, no changes to content of item) WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order on Thursday implementing the U.S.-Japan trade agreement, the White House said. “Under the Agreement, the United States will apply a baseline 15 percent tariff ...
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Cadence Design to buy Hexagon’s design and engineering unit for $3.16 billion

(Reuters) -Cadence Design said on Thursday it will buy the design and engineering business of Stockholm-based Hexagon AB for 2.7 billion euros ($3.16 billion). The U.S. chip design software provider will pay 70% of the amount in cash and the rest by issuing shares to ...
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Lululemon slashes annual outlook on demand, tariff woes and shares plummet 14%

(Reuters) -Lululemon Athletica slashed its annual revenue and profit forecasts on Thursday, signaling a slowdown in demand going into the crucial holiday season as consumers cut down spending, alongside tariff pressures.  Shares of the company fell about 14% after the closing bell. The sportswear maker’s new ...
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ConocoPhillips to begin layoffs as early as Nov 10, company says in state notice

By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) -U.S. oil producer ConocoPhillips will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees on Thursday, seen by Reuters.  On Wednesday, Reuters reported that ConocoPhillips CEO Ryan Lance ...
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