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Koch family agrees to buy a 10% stake in the NFL’s New York Giants, AP source says

The Koch family has agreed to purchase a 10% stake of the NFL’s New York Giants, according to a person familiar with the deal. The person spoke to The Associated Press on condition of anonymity Wednesday night because the deal must be approved by owners. ...
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Asian shares are higher after Wall Street steadies itself as Alphabet rallies

MANILA, Philippines (AP) — Shares in Asia mostly traded higher Thursday after a rally of technology stocks steadied Wall Street and a slide in the dollar made Asian assets more attractive. U.S. futures were mixed while oil prices were lower. Japan’s Nikkei 225 jumped 1.5% ...
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KKR buys South Korea’s Samhwa in $528 million deal

(Reuters) -U.S.-based KKR has acquired South Korea’s cosmetics packaging company Samhwa Co from TPG in a deal valued at 733 billion Korean won ($528 million), Samhwa said on Thursday. KKR said the acquisition is an addition to its long track record of investing in Korean ...
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South Africa’s sugar farmers face ‘double whammy’ from Trump tariffs, cheap imports

By Sisipho Skweyiya KWADUKUZA, South Africa (Reuters) -Nkosinathi Msweli’s sugar cane farm in KwaDukuza – a rural, largely poor region on South Africa’s eastern coast – has for three decades been a solid, albeit small, economic success story, employing eight full-time staff and 30 seasonal ...
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Volvo Cars’ August sales fall 9%

STOCKHOLM (Reuters) -Volvo Cars sold 48,029 cars in August, down 9% from a year earlier, the Sweden-based company said on Thursday. Volvo Cars, which is majority-owned by China’s Geely, said in a statement sales of fully electric cars fell 28% to account for 20% of ...
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Sanofi shares sink over 9% on weak trial results for experimental inflammation drug

LONDON (Reuters) -Shares in French drugmaker Sanofi fell more than 9% on Thursday after late-stage trial data for its experimental inflammatory disease drug amlitelimab fell short of Wall Street expectations.(Reporting by Maggie FickEditing by Bernadette Baum) Brought to you by www.srnnews.com
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Nasdaq proposes tighter listing rules for thinly traded stocks, China-based firms

By Mrinmay Dey (Reuters) -Exchange operator Nasdaq proposed on Wednesday stricter listing standards, including a higher minimum public float for certain new listings and a faster process to suspend and delist thinly traded companies. Nasdaq said in a statement that it would require companies primarily operating ...
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Exclusive-China’s BYD cuts 2025 sales target by 16%, sources say, a sign its white-hot growth is cooling

(Reuters) -BYD has slashed its sales target for this year by as much as 16% to 4.6 million vehicles, two people with knowledge of the matter said, as the Chinese EV giant faces its slowest annual growth in five years and other signs that ...
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Exclusive-Top South Korea official says policy institutions to lead on $350 billion US fund, watching FX

By Cynthia Kim and Yena Park SEOUL (Reuters) -South Korea’s pledge to invest $350 billion in strategic U.S. industries as part of a trade deal with Washington is likely to be led by state policy institutions that will provide funding on a case-by-case basis, the ...
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Oil prices extend losses on OPEC+ considers another output hike

By Sam Li and Trixie Yap (Reuters) -Oil prices slid on Thursday, extending a decline of more than 2% in the previous trading session, as investors and traders look ahead to a weekend meeting of OPEC+ where producers are expected to consider another increase in ...
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Asia markets stabilise as Fed comments, jobs data point to cuts

By Gregor Stuart Hunter SINGAPORE (Reuters) -Asian stocks moved higher in early trading on Thursday as dovish comments from Federal Reserve officials soothed investor nerves at a time of heightened concerns over global growth and a selloff in bond markets. MSCI’s broadest index of Asia-Pacific shares ...
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Dollar weak as cracks in US labour market spur rate cut bets

By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar softened on Thursday in a volatile week as investors contended with bond market jitters while weighing data that showed a weakening labour market, which reinforced expectations the Federal Reserve will cut rates this month. With the Fed focused ...
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